News

SHANGHAI (Dow Jones)–China Cosco Holdings Ltd. (1919.HK) said Friday it swung to a loss in 2011 because of a slowdown in international trade and higher

LONDON (Dow Jones)–French oil company Total SA (TOT) is mobilizing two rigs to drill a relief well that could eventually halt a gas leak from the Elgin

Hyundai Mipo Dockyard is on a roll with a just-announced newbuild order for eight, 38,000 m³ LPG-carriers from Belgium-based shipping company EXMAR.  The

Pacific Rubiales Energy Corp. (PRE) announced yesterday the signing of a natural gas/LNG Liquefaction, Regasification, Storage and Loading Services Agreement

HOUSTON (Dow Jones)–FMC Technologies Inc. (FTI) said Thursday it struck a $1.5 billion four-year deal with Petroleo Brasileiro SA (PBR) for the supply

WASHINGTON — Piracy along the coast of Somalia threatens one of the fundamental foundations of an interconnected global economic system: freedom of

(EUNAVFOR) EU Counter Piracy Naval Forces (EUNAVFOR) have tracked down and stopped a group of suspected pirates who were believed to have tried to attack a

The latest high tech arctic seismic vessel, Polarcus Amani, was delivered today by Polarcus Limited (OAX: PLCS).  This ship is seventh 3D seismic vessel to

MILAN – Saipem announced today they had signed $700 million in new offshore engineering and construction contracts offshore Brazil and Saudi Arabia. In

Statoil has awarded Sevan Marine a study of the potential application of a Sevan FPSO for Statoil’s Skrugard / Havis development in the Norwegian Barents

(Dow Jones) Iraq’s new single-point mooring, or SPM, terminal in the south is loading a third tanker Tuesday at a rate of 800,000-900,000 barrels a day,

UPDATE: We are saddened to report that the injured crewmember, the boat’s chief engineer, died in a Toronto hospital Wednesday morning.  The man, along

MOSCOW (Dow Jones)–Russian state gas firm OAO Gazprom (GAZP.RS) will begin production at its massive Sakhalin-3 offshore gas project in the Far East in

LONDON (Dow Jones)–Weak demand for North Sea Forties crude due to refinery maintenance season and the availability of cheaper alternatives have prevented

– By Captain Richard Madden Depending on the source, piracy in the Gulf of Aden/Horn of Africa (GOA/HOA) region is estimated to be costing the world

(Dow Jones) French oil major Total SA (TOT, FP.FR) may hire Transocean Ltd. (RIG, RIGN.VX) and Rowan Cos. (RDC) to drill relief wells to end an ongoing gas

SINGAPORE (Dow Jones)–Keppel Corp. Ltd. (BN4.SG) on Wednesday said it signed a letter of intent with returning customer Floatel International Ltd. to

(Dow Jones) Danish tanker and bulk vessel operator Torm A/S (TORM.KO) said Tuesday it is in final talks with two international groups of investors for a

Remember in Star Trek 4 when they had to transport humpback whales through in time in an spaceship/aquarium by slingshotting around the sun? Well, nearly a

(Dow Jones) Danish shipping and oil conglomerate A.P. Moller-Maersk (MAERSK-B.KO) said Monday that Chief Executive Nils S. Andersen’s sick leave has