News

WASHINGTON (Dow Jones)–The chairman and chief executive of Chevron Corp. (CVX) said Wednesday that the U.S. offshore drilling regulator needs more

ABERDEEN, Scotland (Dow Jones)–The organization tasked with policing safety on U.K. North Sea oil and gas installations said Wednesday it is prepared to

By Andrew Galbraith in Shanghai and Jason Dean in Beijing, Wall Street Journal A spat over contracts between China’s biggest shipping company and foreign

SINGAPORE (Dow Jones)–China National Offshore Oil Corp. (CEO), also known as CNOOC, said Tuesday that it is willing to establish a marine environmental

SINGAPORE (Dow Jones)–The Asian crude tanker market will likely stay weak due to persistent oversupply, while vessels carrying clean petroleum products

By Mohan Malik, Wall Street Journal, above: INS Trishul, an Indian Talwar-class, guided missile frigate Media reports last week of a Chinese warship

Nordic Sprite, image by Olivier Vitre Nordic American Tankers Ltd. (NAT) said it agreed to buy a double-hull suezmax tanker built at Samsung Heavy

Liberian-flagged and DNV-classed, Scarabeo 9 is a semi-submersible drilling vessel recently built by Yantai Raffles.  It will be on contract by Repsol YPF for

On December 21st, 2004, former President Bush signed the National Security Presidential Directive NSPD-41 that stated: It is critical that the United States

Image by Ghene Snowdon TOKYO (Dow Jones)–Looking to expand its presence in the renewable energy field, Marubeni Corp. (8002.TO) said Friday it has

By John W. Miller, Wall Street Journal China Cosco Holdings Ltd.’s desire to change the terms of contracts for ships carrying commodities such as coal,

By Russell Gold, Wall Street Journal, above image courtesy GAZPROM ExxonMobil Corp.’s blockbuster $2.2 billion deal to drill for oil in the frigid

One of the arguments made against arming merchant ships as defense against pirates is the claimed threat that doing so will merely escalate the violence

Image courtesy Samsung Heavy Industries (Dow Jones) DryShips Inc.’s (DRYS) swung to a sharp loss in its fiscal second-quarter as write-downs from the

Image courtesy Frontline SINGAPORE (Dow Jones)–Asia’s crude-tanker market may stay in the doldrums due to a supply overhang, despite stable

LONDON (Dow Jones)–United Arab Emirates-based oil rig engineer Lamprell PLC (LAM.LN) expects earnings in the second-half of the year to improve on

Image courtesy Frontline Oslo-listed oil tanker giant Frontline Ltd. (FRO.LN) Friday said it swung to a $35.24 million net loss in the second quarter, from a

PIRACY ADVISORY The Office of Naval Intelligence (ONI) assesses Somali pirates will resume a high level of operations when the southwest monsoon subsides in

  By Arian Campo-Flores, Valerie Bauerlein and Mike Esterl, Dow Jones & Co Hurricane Irene thrashed the Bahamas early Thursday, with widespread damage

Image courtesy Frontline LONDON (Dow Jones)–Very Large Crude Carrier shipping rates on the benchmark Middle East to Japan route (Ras Tanura/Chiba)