News

(Dow Jones) VIENNA–The European Union has no intention of halting or delaying the implementation of shipping insurance-related sanctions against Iran,

The Pacific is a huge expanse of open ocean, and oddly enough the container ship Horizon Reliance happened to be in the right place at the right time for

With the expansion of floating offshore production into harsh environments such as the Barents Sea, high specification shuttle tankers will be needed to

Statoil and its partner Sinochem announced today their agreement to purchase the Peregrino FPSO from Maersk. The floating production, storage and offloading

Teekay’s Marine Market Analyst Christian Waldegrave provides insight into the global LNG market in the second quarter 2012, including a look at how Japan

(Dow Jones) OPEC Tuesday disclosed that its members continue to pump oil at levels not seen since 2008 as the most recent production figures show the

The latest update from Teekay’s Market Analyst Christian Waldegrave on the global marine tanker markets, including a look at how OPEC oil production

KUALA LUMPUR–Yinson Holdings Bhd. (7293.KU) has received a $737.3 million contract to lease a floating production, storage and offloading facility to the

(Dow Jones) OSLO–At least five of Norway’s oil and gas rigs will be shut due to a strike launched at midnight Saturday by 114 workers at oilfield

Dolphin Drilling Ltd. a subsidiary of Fred. Olsen Energy ASA, has entered into a three year contract with BP Exploration Operating Company Ltd. for use of the

(Dow Jones) KUALA LUMPUR–North American exports of natural gas threaten the dominance of gas exporting giants like Russia, Qatar and Algeria who

In this week’s As the Oil Pump’s: With holidays in a number of locations on Monday and Tuesday there was limited trading done on the world’s

Should US Mariners care about farm subsidies? Right now the hot topic in Washington is a debate over the US Senate’s authorization of the Farm Bill, a

Norwegian shipowner, GC Rieber Shipping annouced today they have awarded a newbuild contract to ULSTEIN for the delivery of a high capacity subsea

The downward trend in oil prices continues unabated.  Spain’s credit rating decline created an even greater concern over sovereign debt in the Euro

(Dow Jones) Tanker owner and operator B+H Ocean Carriers Ltd. (BHODD) filed for Chapter 11 bankruptcy Wednesday to restructure its balance sheet as it tries

LONDON (Dow Jones)–OPEC producers, including from the Gulf, said Friday they saw no immediate need to cut production despite oil prices dropping below

PASCAGOULA, Miss. – The U.S. Navy today awarded Huntington Ingalls Industries (NYSE:HII) a $2.38 billion fixed-price-incentive contract for the design

Fairstar Heavy Transport N.V. (FAIR) announced today that they have taken delivery of the FORTE, a 216 meter long, 48,000 DWT, DNV-classed heavy lift transport

PORT ARTHUR, Texas (Dow Jones)–Saudi Arabia is currently producing crude at a rate exceeding 10 million barrels of oil a day, the chief executive of