News

Vale expects that their massive ore carriers, the Valemax VLOCs, will soon get permission to enter Chinese ports to offload their cargos. It should happen

STX OSV announced today that it had secured new contracts for the construction of two Multifunctional Deep Water Anchor Handling / Offshore Service vessels for

We reported on the Polarcus Amani’s delivery yesterday, however a video was just released by shipbuilder ULSTEIN that shows this remarkable new ship

LONDON ( Dow Jones ) – Efforts to drill a relief well to plug the leak seen since Sunday on a platform of Total (FP.FR) in the UK North Sea began

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