Prabowo announces USD 600bn economic growth plan
Indonesia plans USD 600 billion in downstream industries, focusing on domestic refining like ferronickel for stainless steel by 2045.
KUFPEC to acquire Indonesia’s oil and gas sectors
Kuwait Foreign Petroleum Exploration Company (KUFPEC) will expand its foreign oil projects, especially in Indonesia, as it seeks to seize many bids in the oil and gas exploration areas offered by Indonesia from 2024 to 2029 -- more than 50 land and sea areas.
MAC Shipping orders 4 duplex stainless steel chemical tankers
Singapore’s MAC Shipping has revealed that it has ordered four duplex stainless steel chemical tankers from Xin Jiangzhou Shipbuilding Heavy Industry, which are expected to be delivered from 2026 onwards, marking the owner’s first newbuilding project.
Shelf Drilling announces 2 contract extensions
Shelf Drilling, Ltd. has secured contract extensions for the Shelf Drilling Chaophraya and Shelf Drilling Krathong jack-up rigs with Chevron Thailand Exploration and Production, Ltd. for operations offshore Thailand. Both extensions are for a firm period of two years.
Seatrium to build heavy lift vessel for Japan’s POC
Seatrium has revealed that its subsidiary has signed a Letter of Intent (LoI) with Penta-Ocean Construction (POC) to build a heavy lift vessel to serve the Japanese offshore wind market.