News

(Bloomberg) — Sales of offshore wind turbines collapsed in the first half, a sign the power industry and its financiers are struggling to meet the

HOUSTON – (BUSINESS WIRE) – McDermott International, Inc. (NYSE: MDR) announced today that one of its subsidiaries has been awarded two projects

Aker Solutions announced today that they have signed a NOK 440 million SURF contract with McDermott, the main EPCI contractor for the Australian Ichthys

LONDON–U.K.-listed oil explorer Tullow Oil PLC (TLW.LN) said Monday it has decided to abandon a high-pressure oil well it was drilling off the coast of

(Bloomberg) — Pirate attacks fell to the lowest since 2008 this year as the presence of naval forces helped deter Somalis from attacking merchant

Over the weekend, Kleven Maritime signed a 400 million NOK (USD $65M) contract with Remøy Shipping for a new Wärtsila-designed, LNG powered platform

(Bloomberg) — Teekay Corp., the biggest operator of Aframax crude tankers, is poised to return to profit after three years of losses as record Russian

Murphy’s Law was proven once again this weekend as the Noble Discoverer, a Shell-contracted drill ship destined to start drilling in arctic waters,

Update (Tues. 7/24/12): Blaze Contained on MSC Flaminia Update (Fri. 7/21/12): Salvors Board Burning MSC Flaminia Wednesday Update: Photos Reveal Damage to MSC

WARSAW–The construction of Poland’s liquefied natural gas terminal on the Baltic Coast is four months behind schedule, a critical delay that may

The board members at Fairstar Heavy Transport had better start polishing up their resumes because Dockwise is about to kick them all out on to the street.

(Bloomberg) — Daily rates for the largest commodity carriers fell for a fourth session amid a surplus of available ships to haul cargoes. Returns for

While operating north of the Shetland Islands, the crew of the Stena Carron drillship crew rescues an unexpected stowaway… With the Stena Carron less

HONG KONG–Container shipper Orient Overseas (International) Ltd.’s (0316.HK) second-quarter revenue rose 10.6% from a year earlier, the Hong

(Bloomberg) — Japan will load its first Iranian crude cargo backed by sovereign guarantees since sanctions disrupted coverage in the international

COSCO Corporation (Singapore) Limited announced today that their COSCO (Dalian) Shipyard subsidiary has delivered a Kamsarmax bulk carrier of 80,000DWT,

(Dow Jones) Moody’s Investors Service lowered its outlook on Teekay Corp. (TK) to negative from stable, citing concerns about management’s plan

Noble Corporation (NYSE: NE) announced today that the Noble Bob Douglas, an ultra-deepwater drillship currently under construction at Hyundai Heavy

Only 3 years after completion of phase 2 of the Sabine Pass LNG import terminal in Louisiana, Cheniere Energy Partners (NYSE Amex: CQP) announced today that

(Bloomberg) — Two Iranian oil tankers, part of the fleet controlled by Tehran-based NITC Co., are proceeding to India to unload cargoes this month,