News

The MV Oceania (left) going down after a collision with the MV Xin Tai Hin (right) near Pulau Pisang. Image via NewStraitsTimes  In this unofficial account,

Spread Between Futures Contracts Makes Stashing Crude Offshore Attractive LONDON (Dow Jones)—Storing oil in tankers offshore is on the rise again in the

Out of the ashes of the once financially troubled Northrop Grumman Shipbuilding, Huntington Ingalls Industries charges ahead with the award of a $504M contract

Norwegian seabed-to-surface engineering and construction contractor Subsea 7 SA (SUBC.OS) Friday said it has won a $440 million contract from Chevron Australia

This Warning Notice, published by the International Sailing Federation (ISAF), is intended for Yacht Skippers considering a passage through the Gulf of Aden,

HOUSTON (Dow Jones)–BP PLC (BP, BP.LN) said Thursday it is pulling all personnel from offshore oil platforms located in the southern Green Canyon area

DUBAI (Zawya Dow Jones)–The MV Jubba XX, an oil tanker owned by and flagged to the United Arab Emirates, was released by pirates Wednesday, the

Maritime Crime and Piracy Summary, week of 21-27 July 2011 (Source: ONI) GULF OF GUINEA: Tanker (RBD ANEMA E CORE) was hijacked 24 July at 0140 UTC while

AMSTERDAM (Dow Jones)–SBM Offshore NV’s (SBMO.AE) shares slumped Thursday after the Dutch oil services company booked a $450 million charge

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSA.LN) Chief Executive Peter Voser said Thursday the Anglo-Dutch energy giant is in early stage talks with

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE), the world’s No. 3 shipbuilder by sales, said Thursday its

Image by Alastair Grant/AP LONDON — BP PLC shares fell Tuesday amid investor frustration at the company’s growth strategy in the wake of the Gulf

SINGAPORE (Dow Jones)–Asia’s clean-petroleum tankers market will likely stay supported by increasing naphtha demand in the coming week, while slow

AMMAN (Dow Jones)–The Iraqi government has officially asked Kuwait to stop work on the Mubarak Al Kabeer being built on the northern tip of the Persian

In the tale of two U.K. energy companies Tuesday, there was only one winner. Natural-gas-focused BG Group and oil company BP both reported higher first-half

New notation, ‘ShipRight FDA ICE’, introduces procedures which can help owners to manage their risks  Lloyd’s Register has given shipowners

The Perini Navi Group has launched a new series of 60 mt sailing yachts and has already signed two sales contracts for a total value of more than 70

NEW DELHI—India on Friday approved Reliance Industries Ltd.’s proposed $7.2 billion asset sale to BP PLC, paving the way for the U.K. oil

WASHINGTON (Dow Jones)–U.S. investigators are delaying the release of a much-anticipated report on the Deepwater Horizon oil spill, citing the need for

COVINGTON, LA  Hornbeck Offshore Services, Inc. (NYSE: HOS) and Marine Spill Response Corporation (MSRC) announced today that they have entered into a