News

Chevron’s George Buck and Transocean’s Michael Legrand top the list of offshore managers banned last Friday by Judge Vlamir Costa Magalhaes from

LONDON (Dow Jones)–Cairn Energy PLC (CNE.LN) Tuesday shrugged off the disappointment of a $1.19 billion full-year loss, insisting that there were

How might you get a 45,000 ton, 193-meter long steel tube from one side of the planet to the other?  The world’s largest transport ship of course,

HONG KONG (Dow Jones)–China Rongsheng Heavy Industries Group Holdings Ltd. (1101.HK)–China’s biggest non state-owned shipbuilder by order

In their second contract announcement so far today, Norway-based STX OSV adds to their offshore vessel newbuild orderbook with a NOK 650 million contract for

You’d better take your seasick pills with you because that’s where Statoil is sending you to go shoot seismic… It’s a $40 million

ATHENS (Dow Jones)–Greece’s ferries remained anchored at the country’s ports Monday as dockworkers launched rolling 48-hour strike action in

SINGAPORE (Dow Jones)–STX OSV Holdings Ltd. (MS7.SG) Monday said it had got a new contract for the construction of an advanced subsea support vessel for

Austal Shipbuilding had plenty of reason to drink green beer this weekend following the US Navy’s confirmation of two more orders for Austal USA-built

Halul Offshore Services Company, a wholly owned subsidiary of Milaha (previously known as Qatar Navigation), has secured an eight year US$ 60 million (QAR 220

BEIJING (Dow Jones)–French oil and gas major Total AS (TOT) plans to drill its first offshore East Africa exploration well early next year, hoping to

It was quite a day for shareholders of Frontline Tankers.  Their stock shot up nearly 29% on news of increased VLCC and Suezmax tanker day rates. In a note

Danish shipping company Torm A/S (TORM.KO) has entered into an agreement to cancel one medium range (MR) product tanker newbuilding, which was scheduled for

RIO DE JANEIRO (Dow Jones)–South Korea’s Samsung Heavy Industries Co. (010140.SE), the world’s second-largest shipbuilder by sales, sold its

SINGAPORE (Dow Jones)–Iran is shipping fuel oil to Singapore using a supertanker from its own fleet as Western sanctions make it difficult for buyers to

By U.S. Naval Forces Central Command Public Affairs ARABIAN GULF – Guided-missile destroyer USS John Paul Jones (DDG 53) and U.S. Coast Guard Cutter

Rolls-Royce Marine received an order today from Korean shipbuilder Hyundai Mipo Dockyard Co, Ltd. to design and equip four deepwater platform supply vessels

HONG KONG -(Dow Jones)- Orient Overseas (International) Ltd. (0316.HK) plans to raise rates for container shipments between Asia and Australia from April 15,

(Dow Jones) Norwegian shipping company Stolt-Nielsen Ltd. (SNI.OS) said Thursday that its Stolt Tankers B.V. unit, operator and owner of MT Stolt Valor,

http://www.youtube.com/watch?v=iezL5yzHpMI (Dow Jones) Chevron Corp. (CVX) said Tuesday its oil and gas production will inch up this year but it expects output