EGCO Group unveils 2025 business plan
EGCO Group plans to invest THB 30B in 2025 to expand its power generation portfolio, focusing on renewable and natural gas plants, with a particular emphasis on the U.S. market.
Hilong Offshore Engineering secures a contract with Eni Group
Hilong Offshore Engineering has secured a RMB 400M contract for Eni’s Congo LNG project. This forms part of a broader RMB 2.6B in offshore projects across regions like Thailand and Brunei.
Yuchai enters into a strategic agreement in Vietnam
China’s Yuchai has signed a 15-year engine licensing deal worth $28M with Vietnam’s Kim Long Motor to produce commercial vehicle engines for the local market and ASEAN.
Sipitang Oil and Gas Industrial Park to Launch Next Month
The anticipated development of the Sipitang Oil and Gas Industrial Park (SOGIP) is set to be officially launched. Key developments at SOGIP include LNG import infrastructure, a gas power plant, and energy commodities storage facilities, with the project projected to generate 1,600 jobs.
Samsung awarded USD 1.7bn EPC contract
Samsung E&A received a USD 1.7bn EPC contract for the TA’ZIZ Methanol Project in the Ruwais Industrial Complex, UAE. The project includes a methanol plant with a production capacity of 1.8 million tons per year, utilizing modularization and automation technologies.
POSCO International Expands LNG Infrastructure
POSCO International is investing USD 657M to expand the Gwangyang LNG Terminal with two additional 200,000-kiloliter tanks. The company aims to strengthen Korea’s LNG supply infrastructure as global demand rises.
ConocoPhillips takes on stewardship of offshore Malaysia gas PSC
Petronas has transferred operatorship of the Kebabangan Cluster Production Sharing Contract (PSC) offshore Malaysia to ConocoPhillips Sabah Gas. The facilities have an export capacity of up to 750 MMcf/d of gas, with commercial agreements in place for future field developments.
Hyundai Mipo Dockyard initiates steel cutting
Hyundai Mipo Dockyard has begun steel cutting for a 45,000 cbm medium gas carrier (MGC) designed for ammonia transport. The vessel is part of Purus' expansion, with a fleet of dual-fuel ammonia-ready MGCs.
CAPITAL expands fleet with two LNG-ready tankers
Capital Ship Management has expanded its fleet with two LNG-ready crude oil/product carriers built by New Times Shipbuilding in China. The vessels are IMO EEDI Phase III compliant and feature advanced energy efficiency systems.
SteelAsia awards EPCM contract to MCC Huatian
SteelAsia’s USD 512M facility in the Philippines will produce heavy structural steel, reducing imports and creating 7,000 jobs by 2027.
