News

MUMBAI–United India Insurance Co. has agreed to provide protection and indemnity cover to Indian tankers carrying oil from Iran with General Insurance

IRVING, Texas- Exxon Mobil Corporation (NYSE:XOM) announced today that its subsidiary, Esso Exploration Angola (Block 15) Limited (Esso Angola), has started

LONDON–Royal Dutch Shell PLC’s (RDSB.LN) controversial plan to drill for oil in waters off Alaska’s Arctic coast faces delays as the company

On June 30, Linden Pride, an NYK-owned LPG carrier rescued four Chinese fishermen in the vicinity of a fishing trawler sinking in the South China Sea. Linden

(Bloomberg) — Oil fell after Norway ended a strike that threatened to halt output by western Europe’s largest crude exporter and as China reduced

(Bloomberg) — Record coal stocks at power plants in China, the biggest consumer of the fuel, are threatening to reverse the rally in rates for commodity

(Bloomberg) — Norway’s government ended a 16-day dispute between offshore oil and gas workers and their employers, averting a lockout that had

For those analysts who were predicting jack-up day rates to remain flat for the forseeable future, international offshore drilling contractor, Atwood Oceanic

ATHENS – Greek containership owner, Danaos Corporation (NYSE: DAC), announced today that on June 29, 2012, it took delivery of its fifth and final 13,100

LONDON–Chevron Corp. (CVX) will invest billions of dollars developing a giant offshore project in a remote and technically challenging corner of the

(Bloomberg) — The surplus of tankers available to haul European gasoline across the Atlantic Ocean is set to remain at the highest in at least a year as

SINGAPORE–Saudi Arabian Oil Co., or Saudi Aramco, is shipping fuel oil from Northwest Europe to the Red Sea to meet Saudi Arabia’s peak domestic

SYDNEY (Dow Jones) –Iron ore exports from Australia’s Port Hedland in June slipped 4.4% from May to 21.5 million metric tons, but were 16% higher

(Dow Jones) Maersk Oil, the oil and gas arm of Danish conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO), Monday said the state-run oil and gas company

STOCKHOLM–No new meetings have been scheduled between parties in the Norwegian oil strike, and a costly shutdown of all production in Western

Via the US Office of Naval Intelligence: The following is a maritime warning for mariners operating in the Gulf of Oman, North Arabian Sea, Gulf of Aden, and

LONDON (Dow Jones)–The volume of North Sea Forties Blend crude available for August is sharply lower than in July, a trader who had seen the loading

(Dow Jones) Northern Chile power producer GasAtacama SA awarded Golar LNG Ltd (GLNG, GOL.OS) the construction and operation of an offshore liquefied natural

(Dow Jones) The Norwegian government Friday urged oil unions and companies to continue their negotiations in a bid to resolve a 13-day-old strike that is

Greek shipowner Goldenport Holdings Inc, (LSE: GPRT) announced today that it has concluded the sale of the Lindos, a 1990-built bulk carrier, to the