News

WASHINGTON (Dow Jones)–U.S. officials are pursuing a relatively narrow approach to regulating offshore drilling contractors and service providers, such

image (c) Liam Beswick This is the South Atlantic (almost) at its most unforgiving as the “Fortress of the Sea” ploughed west for the Falklands

Image (c) BP p.l.c. SINGAPORE (Dow Jones)–Asia’s crude tanker market may begin to recover due to declining availability of vessels in early

COPENHAGEN (Dow Jones)–Danish oil and gas company Maersk Oil stands to lose production of up to 5.3 million barrels of oil equivalent due to extensive

SINGAPORE -Yangzijiang Shipbuilding (Holdings) Ltd. (BS6.SG) said Tuesday it expects “not less than” 30% growth in net profit in the

Wärtsilä, the marine industry’s leading systems integrator, has been awarded the contract to supply the main engines for a series of 25 tankers

EXMAR and BW Gas have reached an agreement to swap 2 of EXMAR’s “VLGC’s” ( Very Large Gas Carrier) against the “Midsize”

(EUNAVFOR) Late on the morning of 16 July, it was reported by the owners that the MV JUBBA XX, a laden tanker, had been pirated in the northern Indian Ocean,

Norwegian seabed-to-surface engineering and construction contractor Subsea 7 S.A. (SUBC.OS) announced Monday the award of a $80 million contract from Chevron

RIO DE JANEIRO -(Dow Jones)- Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said late Friday that total crude oil and

NEW YORK (Dow Jones)–Six waivers have been approved to allow some buyers of crude oil in the government’s emergency sale to use foreign-flag

Pirate attacks on the world’s seas totalled 266 in the first six months of 2011, up from 196 incidents in the same period last year, the International

The British Parliament’s Energy and Climate Change Committee, chaired by Tim Yeo MP, launched an inquiry last week to investigate the potential for

Following the launch of Austal’s Wind Express series in mid 2010, Austal is pleased to announce the award of a contract for the design and construction

AMSTERDAM (Dow Jones)–SBM Offshore NV (SBMO.AE) said Thursday that contracts for the twenty year charter and operation of FPSO Cidade de

  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