News

(Dow Jones) OPEC Tuesday disclosed that its members continue to pump oil at levels not seen since 2008 as the most recent production figures show the

The latest update from Teekay’s Market Analyst Christian Waldegrave on the global marine tanker markets, including a look at how OPEC oil production

KUALA LUMPUR–Yinson Holdings Bhd. (7293.KU) has received a $737.3 million contract to lease a floating production, storage and offloading facility to the

(Dow Jones) OSLO–At least five of Norway’s oil and gas rigs will be shut due to a strike launched at midnight Saturday by 114 workers at oilfield

Dolphin Drilling Ltd. a subsidiary of Fred. Olsen Energy ASA, has entered into a three year contract with BP Exploration Operating Company Ltd. for use of the

(Dow Jones) KUALA LUMPUR–North American exports of natural gas threaten the dominance of gas exporting giants like Russia, Qatar and Algeria who

In this week’s As the Oil Pump’s: With holidays in a number of locations on Monday and Tuesday there was limited trading done on the world’s

Should US Mariners care about farm subsidies? Right now the hot topic in Washington is a debate over the US Senate’s authorization of the Farm Bill, a

Norwegian shipowner, GC Rieber Shipping annouced today they have awarded a newbuild contract to ULSTEIN for the delivery of a high capacity subsea

The downward trend in oil prices continues unabated.  Spain’s credit rating decline created an even greater concern over sovereign debt in the Euro

(Dow Jones) Tanker owner and operator B+H Ocean Carriers Ltd. (BHODD) filed for Chapter 11 bankruptcy Wednesday to restructure its balance sheet as it tries

LONDON (Dow Jones)–OPEC producers, including from the Gulf, said Friday they saw no immediate need to cut production despite oil prices dropping below

PASCAGOULA, Miss. – The U.S. Navy today awarded Huntington Ingalls Industries (NYSE:HII) a $2.38 billion fixed-price-incentive contract for the design

Fairstar Heavy Transport N.V. (FAIR) announced today that they have taken delivery of the FORTE, a 216 meter long, 48,000 DWT, DNV-classed heavy lift transport

PORT ARTHUR, Texas (Dow Jones)–Saudi Arabia is currently producing crude at a rate exceeding 10 million barrels of oil a day, the chief executive of

SAO PAULO (Dow Jones)–An unusual strike by manual laborers at Brazil’s biggest port, in Santos, partially ended Thursday because of a court order,

Maersk Drilling announced today the ordering of a new ultra harsh, high specification jack-up rig at Keppel FELS in Singapore backed by a four-year-contract

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Thursday the Singapore High Court has issued an unfavorable judgment on its lawsuit against PPL

NEW DELHI (Dow Jones)–Royal Dutch Shell PLC (RDSA.LN), Reliance Power Ltd. (532939.BY) and Kakinada Seaports Ltd. will jointly build a terminal on

Tromsø-based shipowner, Troms Offshore Supply announced the receipt of a newbuild offshore supply boat delivered by STX Søviknes shipyard in Norway