News

  SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Thursday its unit, SMOE Pte. Ltd., has secured a contract close to S$600 million to

Image by Kjetil Alsvik –Average production of 60,000 barrels equivalent a day to be lost as result of shutdown –Accident to be investigated by

Two yachtsmen owe their lives to the fliers of 771 Naval Air Squadron after a dramatic rescue in a gale 100 miles off Cornwall. Aircrewman Sgt Tony Russell RM

Image courtesy of Stena Bulk SINGAPORE (Dow Jones)–High availability of vessels is pressuring Asia crude tanker markets, while rates for ships that carry

Image from minnesotansforglobalwarming.com PERTH (Dow Jones)–State-owned China Ocean Shipping (Group) Co. said Monday that oil-price speculators are

(Dow Jones)–The French government announced Monday the launch of a EUR10 billion tender offer to build five off-shore wind farms, in a bid to muscle up

(Dow Jones) Three Somali men accused of hijacking a sailboat in the Indian Ocean and killing the four Americans on board could face the death penalty, rather

HOUSTON (Dow Jones)–Transocean Ltd. (RIG) said Thursday that the deep-water drilling rig off Ghana that was evacuated Wednesday after it took on water

July 2011 Gulf of Aden Convoy Schedule A. GULF OF ADEN: Turkish maritime task group schedule for June/July 2011.   Rendezvous point “A”

Norwegian shipping and seafood company Stolt-Nielsen Ltd. (SNI.OS) Thursday announced a second quarter net profit of $32.4 million, from $27.5 million, boosted

Image by Dmitrios LONDON (Dow Jones)–A fire that broke out on an oil tanker after a pirate attack off the Yemeni coast has now been extinguished, an

  The world’s most storied deepwater oil rig, the Transocean Marianas, has developed a critical list after an anchor punctured her poontoon and is

GULF OF ADEN – (Combined Maritime Forces) At 0027Z July 6, a distress call was issued by the Marshall Islands-owned, Liberian-flagged, M/V Brilliante

Argentina’s largest oil and gas producer, YPF SA, said Tuesday that a deep-water well it drilled off Argentina’s coast came up dry. YPF invested

MARAN GAS ASCLEPIUS – photo by Gilbert CAILLER SEOUL –  South Korea’s Hyundai Samho Heavy Industries has inked an order for two 164,000m³

The General Electric LM2500 gas turbine engine Energy giant Chevron Corp. (CVX) awarded General Electric Co. (GE) a contract in the Gulf of Mexico, in which

HONG KONG (Dow Jones)–Cosco Shipping Co. (600428.SH), the heavy-lift and project cargo unit of state-owned China Ocean Shipping (Group) Co., plans to

Maersk Drilling, a business unit within the A.P. Moller- Maersk group, has declared its option to build two ultra deepwater drillships at Samsung Heavy

Norwegian oil-rig operator Songa Offshore SE said Tuesday it has been awarded a $2.5 billion contract to charter two new semisubmersible drilling rigs to

Hamilton, Bermuda, June 29, 2011 – Teekay Corporation (NYSE: TK) (Teekay) today announced it has signed a memorandum of understanding (MOU) with A2SEA