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Thursday, January 29, 2015
shell perdido spar
News

Shell Cuts $15 Billion From Budget as Profit Misses Expectations

Royal Dutch Shell Plc will cut $15 billion of spending over the next three years as the crash in oil prices saw fourth-quarter profit miss

January 29, 2015
Total Views: 14

Wednesday, January 28, 2015
Crude Oil Plunge Seen Damping Offshore Supply Vessel, Tugboat Demand
News

Crude Oil Plunge Seen Damping Offshore Supply Vessel, Tugboat Demand

Japan Marine United Corp., Japan’s No. 2 shipbuilder, said demand for offshore supply and support vessels has stalled after crude oil plunged to a six-year

January 28, 2015
Total Views: 44

Tuesday, January 27, 2015
BP Witness Calls Spill Response ‘Extraordinary’ at Fines Trial
Maritime News

BP Witness Calls Spill Response ‘Extraordinary’ at Fines Trial

By Daniel Lawton and Margaret Cronin Fisk (Bloomberg) — BP Plc “conducted an extraordinarily effective response” to the 2010 Gulf of Mexico spill,

January 27, 2015
Total Views: 11

Monday, January 26, 2015
cape hatteras lighthouse
News

U.S. Seen Limiting Oil Drilling in Arctic, May Open Atlantic

The U.S. Interior Department will lay a framework as soon as Tuesday for oil exploration in the nation’s coastal waters in a five-year plan that is expected

January 26, 2015
Total Views: 52

hsh nordbank
Finance

HSH Nordbank Sees $1.7 Billion in Bad Shipping Debt Deals

HSH Nordbank AG, the world’s largest financier of ships, is stepping up efforts to unload billions in bad debt racked up during a seven-year glut in the

January 26, 2015
Total Views: 50

oceanographia osa goliath vessel
News

Oceanografia Bondholders Suffer Collateral Damage

When Mexico seized oil contractor Oceanografia SA a year ago over loan-fraud allegations, at least one class of creditors took solace: those with claims to

January 26, 2015
Total Views: 124

Thursday, January 22, 2015
Indonesian LNG Exports Seen Falling 25% as Domestic Demand Climbs
News

Indonesian LNG Exports Seen Falling 25% as Domestic Demand Climbs

Indonesia’s liquefied natural gas exports may drop by a quarter this year as domestic demand rises and the country allows several contracts with overseas

January 22, 2015
Total Views: 2

steel production
Maritime News

Iron Ore Declines to 2009-Low as Steel Mills Seen Cutting Output

Iron ore declined to the lowest level in more than five years amid speculation that mills in China will reduce steel output in the runup to a holiday next

January 22, 2015
Total Views: 38

Wednesday, January 21, 2015
eni offshore oil platform congo
Uncategorized

Eni Can Still Do Well With Oil at $65-$70, CEO Descalzi Says

Eni SpA can do well with oil at $65 to $70 a barrel, Chief Executive Officer Claudio Descalzi

January 21, 2015
Total Views: 17

Tuesday, January 20, 2015
oil storage tanks salalah
News

Oil Trades Below $47 as Rising U.S. Supplies Seen Expanding Glut

Oil traded below $47 a barrel as forecasts for rising U.S. crude stockpiles bolstered speculation that a global glut that spurred a price collapse may

January 20, 2015
Total Views: 1

north sea production oil rig farstad
News

Chancellor Osborne Pledges More to Help North Sea Oil Industry

U.K. Chancellor of the Exchequer George Osborne said he’s likely to announce further steps to help Scotland’s North Sea oil and gas

January 20, 2015
Total Views: 1

Monday, January 19, 2015
Shanghai Widens Lead as World’s Busiest Container Port
News

Shanghai Widens Lead as World’s Busiest Container Port

Shanghai retained its title as the world’s busiest container port for a fifth consecutive year after widening the gap with its closest rival

January 19, 2015
Total Views: 22

Friday, January 16, 2015
Hapag-Lloyd IPO Will Be Attractive After Turnaround, CEO Says
News

Hapag-Lloyd IPO Will Be Attractive After Turnaround, CEO Says

Hapag-Lloyd AG, Germany’s biggest container shipping line, will be an attractive investment once results improve and costs are reduced, Chief Executive

January 16, 2015
Total Views: 9

norwegian finance money norway bank notes
Finance

Norway’s Oil Crisis Talks Lead to Pledges of Stimulus If Needed

Top policy makers in western Europe’s biggest oil producer underscored their commitment to providing stimulus should the economy need

January 16, 2015
Total Views: 1

Thursday, January 15, 2015
al kout vlcc kotc kuwait oil tanker company
News

Morgan Stanley and Evercore Say $100k Tanker Rates Possible

Supertanker owners from Tokyo to Athens said demand to store oil on vessels is strengthening, with Morgan Stanley and Evercore Partners Inc. predicting the

January 15, 2015
Total Views: 22

Tuesday, January 13, 2015
iron ore terminal capesize
Maritime News

Iron Ore Imports by China Advance to Record as Price Collapses

Iron ore imports by China rebounded to an all-time high last month, capping record annual purchases, as slumping prices boosted demand for overseas supplies in

January 13, 2015
Total Views: 8

Monday, January 12, 2015
port of long beach
Maritime News

West Coast Shippers Say Port Backups Untenable Amid Labor Talks

A port slowdown and eight months of fruitless labor talks with longshoremen have brought West Coast port congestion to the point of a breakdown, according to

January 12, 2015
Total Views: 29

Friday, January 9, 2015
Frontline Surges Amid Signs of Oil Storage at Sea
News

Frontline Surges Amid Signs of Oil Storage at Sea

Frontline Ltd., the oil tanker company led by billionaire John Fredriksen, surged in Oslo trading amid speculation that a plunge in crude prices is spurring

January 9, 2015
Total Views: 5

Thursday, January 8, 2015
polar pioneer drilling rig statoil transocean johan castberg
News

Oil Crash Risks Further Delay at Statoil’s Johan Castberg Project

Statoil ASA could be forced to delay its Johan Castberg project in Norway’s Arctic waters for a third time after oil prices dropped by more than half since

January 8, 2015
Total Views: 14

Wednesday, January 7, 2015
stena forth drillship
News

Riskiest Oil Projects Crushed by Price Collapse

Dangerous and difficult oilfields that looked like goldmines when crude fetched more than $100 a barrel have turned into money pits as oil crashes to

January 7, 2015
Total Views: 7
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