(Bloomberg) — Australia’s global share of new contracts for liquefied natural gas may drop to about 10 percent a year by 2025 as U.S. exports rise,

ABUJA, May 28 (Reuters) – Armed pirates attacked an oil products tanker off the coast of Nigeria in West Africa and abducted an unknown number of crew,

(Bloomberg) — Golden Ocean Group Ltd., the owner of ships hauling coal and iron ore led by billionaire John Fredriksen, plans to curb long-term charters

Swire Pacific Offshore (SPO), a Singapore-based leading service provider to the offshore oil and gas industry, is upgrading to Inmarsat’s FleetBroadband

Damage on the Royal Caribbean ship Grandeur of the Seas is pictured as the ship is docked in Freeport, Bahamas on Sunday, 27 May 2013. A fire broke out

(Bloomberg) — Saudi Arabian Oil Co. production rose to a record 9.51 million barrels a day of oil last year, the company said in its annual review.

Ship Finance International Limited (NYSE:SFL) announced late last week their plans to build four 8,700 TEU container vessels at a major shipyard in Korea.

Swiss power and automation group ABB has announced a $12 million order to supply electrical power and propulsion systems for a newly designed deepwater pipe

(Bloomberg) — Seadrill Ltd., the offshore drilling company controlled by billionaire John Fredriksen, climbed in Oslo as investors bet payments to

Golden Ocean Group Ltd has announced an agreement to buy two ice class Panamax vessel resales built at Pipavav Defence & Offshore Engineering Company.

May 27 (Bloomberg) — Australia may lose A$100 billion ($96.5 billion) of potential liquefied natural gas projects to East Africa and North America unless

GENEVA, May 24 (Reuters) – Angolan and Nigerian differentials were under pressure on Friday as some Asian refiners snubbed west African grades in favour

“We do believe that both product and crude markets have turned the corner,” noted Nikolas P. Tsakos, President & Chief Executive Officer of

Nearly a year and a half after the Costa Concordia hit rocks in Giglio, killing 32 people and partially sinking along the coast of the small Mediterranean

Sevan Marine ASA signed an agreement today to sell the semi-completed Sevan hulls number 4 and 5 to Singapore-based Logitel Offshore, a newly formed company

(Bloomberg) — Golden Ocean Group Ltd., the dry bulk shipping group controlled by billionaire John Fredriksen, rose in Oslo as a strong balance sheet and

On February 17th of this year, the Harita Bauxite sank off Cape Balinao in the South China Sea. Of the twenty-four men aboard, only nine survived. The sea can

Warm Atlantic waters and favorable wind patterns may produce 13 to 20 named storms this year for the fourth above-average hurricane season in a

After more than six weeks of waiting at an anchorage off the coast of Constanza, Romania, the burned out MSC Flaminia has entered port for lightering

A broken shackle on the port’s cantilever mooring line lead to the January 2012 grounding and eventual catastrophic hull failure of the M/V Tycoon at