News

DUBAI, Jan 15 (Reuters) – Abu Dhabi National Energy Co (TAQA) confirmed the shutdown of one of its platforms in the UK North Sea, after discovering oil

Deepwater drilling contractor Ocean Rig UDW Inc. (NASDAQ: ORIG) has announced that its semi-submersible rig, the Eirik Raude, was chosen by an undisclosed oil

LONDON–The U.K. government has rejected lawmakers’ calls for a halt to Arctic oil and gas drilling, despite renewed safety concerns following the

The surplus of the largest oil tankers available for loading in the Middle East rebounded from a six-week low, according to a Bloomberg News survey. There are

Imports of liquefied natural gas into South Korea, the world’s second-largest buyer of the fuel, dropped 9.5 percent in December as prices rose.

Rates to ship liquefied natural gas will decline this year as new vessels join the fleet more quickly than global output of the fuel expands, according to

Vigor Industrial announced today they have reached an agreement with Daoda Marine Heavy Industry Company (DDHI) to purchase a new floating drydock for a total

ATHENS – DryShips Inc. (NASDAQ: DRYS) announced today the sale, via novation, of two of its 158,000 DWT suezmax dry bulk carriers, the Esperona and

A dangerous winter storm is developing rapidly over the western North Pacific east of Japan, one that has the potential to be even more powerful than Hurricane

BW Maritime and Samsung Heavy Industries signed a ship-building contract on Friday for BW’s first Liquefied Natural Gas Floating Storage Regasification

Abu Dhabi-based Emirates Classification – Tasneef, a classification society specializing in the maritime sector, hired RINA Group to help develop its

Transocean Ltd., the world’s largest offshore rig operator, climbed to the highest in 10 months after billionaire investor Carl Icahn said he’s

Wilh. Wilhelmsen ASA, the world’s largest vehicle transporter, extended gains in Oslo as Pareto Securities recommended investors buy the stock as limited

China may unveil fresh steps to support the shipbuilding and aerospace industries, the state-run China Securities Journal reported Monday, citing unnamed

Deep water drilling firm Transocean (NYSE:RIG) reported this evening that billionaire investor Carl Icahn has notified them that he is seeking approval to

Today marks the 1-year anniversary of the Costa Concordia tragedy which claimed 32 lives off Giglio on 13 January 2012. The following are images depicting the

STX OSV announced on Friday that New Orleans-based offshore supply vessel operator Tidewater Inc. acquired contracts for three platform supply vessels which

China CSSC Holdings Ltd. (600150.SH), the listed arm of China’s largest shipbuilder, said Saturday its profit likely shrank by 95% to 100% year on year

MOGADISHU – Somali pirates have released three Syrian hostages held in captivity since 2010 without payment of any ransom, government officials said on

BP Plc is seeking a reduction of as much as $3.4 billion in the fine it may have to pay for pollution caused by the 2010 Gulf of Mexico