News

HOUSTON (Dow Jones)–A consortium of oil giants led by ExxonMobil Corp. (XOM) said Thursday that an early version of its containment system for deepwater

WASHINGTON – U.S. Transportation Secretary Ray LaHood today announced contracts totaling $77 million for three U.S. maritime firms to operate 10 National

Wärtsilä has, in the autumn of 2010, initiated a major project to further develop its low-speed engine portfolio to include gas engines, alongside its

Convicted Somali pirate, 21-year-old Abduwali Muse, was sentenced today in New York to 405 months, nearly 34 years, in federal prison for his participation in

Introduce Resolution Calling for Adequate Guidance for Shallow and Deep Water Operators WASHINGTON, D.C. – Today, a bipartisan group of U.S. Senators,

Rolls-Royce has won a £20 million (US $32 million) order from Chinese conglomerate Sinopec to design and equip a specialist seismic research vessel.  When

A request for assistance from the South Korean merchant vessel Yong Jin in the Indian Ocean on 10th February led to Combined Maritime Forces (CMF) warship HMS

By Mass Communication Specialist 1st Class Stephen Murphy, Defense Media Activity-Anacostia WASHINGTON (NNS) — Deputy Assistant Secretary of the Navy for

Petrobras today announced the discovery of a new accumulation of good quality oil (26º API) in the Santos Basin pre-salt reservoirs. The discovery resulted

WASHINGTON -(Dow Jones)- A BP PLC (BP, BP.LN) vice president in charge of drilling operations in the Gulf of Mexico resigned over safety concerns just months

WASHINGTON, DC – President Barack Obama today announced his request for $358.4 million to fund the Bureau of Ocean Energy Management, Regulation and

WASHINGTON -(Dow Jones)- Oil and gas drillers would be charged new fees and royalty rates under President Barack Obama’s 2012 spending plan announced

International classification society Bureau Veritas has agreed a technical co-operation deal with COPPE/UFRJ, the Ocean Engineering department of the

Maersk Drilling, an entity within the A.P. Moller – Maersk Group, has signed a contract with Keppel FELS Limited in Singapore for the construction of two

ABS Announces Christopher J. Wiernicki to Become CEO, Robert D. Somerville Remains as Chairman (Houston, TX—)  ABS President and Chief Operating Officer

Hyundai Heavy Industries (HHI), the world largest shipbuilder and marine engine manufacturer, achieved an aggregate 5,000 unit of HiMSEN (Hi-Touch Medium Speed

Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Keppel FELS Brasil, has secured two contracts totalling R$500 million (approx.

-Via the International Maritime Organization website Failure to implement fully the IMO guidance, including the industry-developed best management practices,

Military Sealift Command-chartered container ship MV BBC Ems departed McMurdo Station, Antarctica, Feb. 13 after delivering more than 84,000 square feet of

HOUSTON (Dow Jones)–Oil companies haven’t been able to show that they can effectively respond to a future oil spill in the deep-water Gulf of