Triyards signs bunker barge agreement

Taiwan
Singaporean offshore engineering company Triyards signed an agreement on Wednesday with Taiwan’s state-owned CPC Corporation to build two oil bunker barges for USD 21.8 million.

The barges will be delivered in Q2 2018 and supply fuel to vessels in Taiwan’s harbour. The project is in line with Triyard’s goal to diversify its product range beyond the traditional oil and gas industry, according to CEO Chan Eng Yew.

Asian ports have been riddled with illegal bunkering and fuel siphoning. Five naval officers were charged in Taiwan in February for siphoning fuel off ships for sale on the black market, allegedly working with contractors that cleaned fuel tanks.

Recent Posts

UK allows oil exploration in North Sea wind project zones

The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More

1 day ago

ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse

ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More

2 days ago

BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin

BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More

2 days ago

Chariot starts gas drilling campaign in Morocco

Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More

2 days ago

Touchstone acquires Trinidad E&P player Trinity

Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More

2 days ago

ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG

ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More

3 days ago

This website uses cookies.