Chinese Navy Ships Make First Appearance in Bering Sea

By Phil Stewart WASHINGTON, Sept 2 (Reuters) – Five Chinese Navy ships are sailing in international waters in the Bering Sea off Alaska, the Pentagon said on Wednesday, in an apparent first for China’s military that came as U.S. President Barack Obama toured the U.S. state. Pentagon spokesman Captain Jeff Davis said it was the […]

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Titanium Explorer drillship. Photo: Vantage Drilling

Vantage Drilling Bonds Plunge as Petrobras Cancels Deal Amid Bribe Probe

  By Sridhar Natarajan (Bloomberg) — Bonds of Vantage Drilling Co. dropped as Petroleo Brasileiro SA terminated a $1.7 billion drill deal amid a bribery investigation. The deepwater-rig owner’s $1.1 billion of 7.5 percent secured bonds slid 5 cents to 42 cents on the dollar, according to Trace, the bond-price reporting system of the Financial […]


WATCH: Float-Over Topside Installation Using Dynamic Positioning

This video shows the float-over installation of a 15,748 ton topside on an offshore facility off Malaysia using dynamic positioning and the Dockwise-managed heavy lift vessel HYSY 278. The operation was the 13th DP float-over for the marine management and consultancy company ADPS, which provides the DP expertise to the heavy lift vessels and their […]


Ship Photos of the Day – SS COLUMBIA Tow

The Great Lakes Towing Company was contracted by The SS Columbia Project to tow the 113-year-old “Boblo Boat” SS COLUMBIA from Toledo, Ohio to Buffalo, New York, where the SS COLUMBIA will be docked for the next year for restoration. The SS Columbia Project is a 501(c)(3) nonprofit organization whose mission is to restore and […]

Teekay's Petrojarl Knarr FPSO is on charter to BG Group. Photo: BG Group

European Commission Signs Off On Shell’s Bid for BG Group

  Sept 2 (Reuters) – BG Group Plc said the European Union’s antitrust regulators had approved Royal Dutch Shell Plc’s $70 billion takeover bid for the oil and gas producer. The deal, which will help Shell compete better with world No. 1 oil major ExxonMobil, has already received the green light from regulators in the […]

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Titanium Explorer. Photo: Vantage Drilling

Petrobras Cancels Vantage Drillship Contract Citing Breaches

  Houston-based Vantage Drilling says it has been notified by Petrobras terminating it’s contract for the Titanium Explorer drillship. The 8-year contract for the drillship has been in place since February 2009 between Petrobras America, Inc. (PAI) and Petrobras Venezuela Investments & Services B.V. (PVIS) and Vantage Deepwater Drilling Company, a wholly-owned indirect subsidiary of […]


Tankers Take 4,000-Mile Detour as Oil Prices Plunge

By Manisha Jha (Bloomberg) — Slumping oil prices are spurring 4,000-mile (6,400-kilometer) diversions of tankers filled with diesel and jet fuel as the price of ship fuel plunges, opening up trading opportunities. At least five tankers will deliver refined products to European ports in August and September, sailing around South Africa rather than using the […]