News

(Dow Jones) Seadrill Ltd. (SDRL, SDRL.OS) swung to a fourth-quarter loss as the offshore-drilling contractor booked a hefty impairment charge. However, the

SEOUL (Dow Jones)–Hyundai Merchant Marine Co. (011220.SE), South Korea’s second-largest shipping firm by sales, expects the U.S. dollar to weaken

(Dow Jones) Rowan Cos.’s (RDC) fourth-quarter earnings fell 21% as the offshore drilling company reported lower contributions from discontinued

Transocean Ltd.’s (RIG) fourth-quarter loss widened sharply as the offshore-oil driller reported higher charges, mostly due to impairment, though revenue

Aker Solutions has been awarded a contract by Statoil to deliver replacement and upgrading of the drilling equipment and systems on the Snorre A platform in

Technip, in partnership with DSME, was awarded by DONG E&P and BAYERNGAS, a contract for the HEJRE project development, offshore Denmark, at a water depth

SINGAPORE, 28 February 2012 – EMAS AMC, the subsea division of Ezra Holdings Limited (“Ezra”), today announces that it has been awarded a

27 February 2012 – A comprehensive regional strategy is critical if countries are to successfully combat piracy in the Gulf of Guinea, a top United

About 10 years ago, the ship I was assigned to was leaving San Diego when all of a sudden we heard a rather loud, and unexpected rumbling.  We were

MUMBAI (Dow Jones)–Adani Ports & Special Economic Zone Ltd. (532921.BY) said Monday it has received an initial letter from a government-run port

LONDON (Dow Jones)–New European sanctions will limit coverage of Iranian oil ships by the Japan P&I Club, the club said Monday, as the measures start

Hamilton, Bermuda – Seadrill has in the last year seen a surge in long-term demand for tender rigs and modern ultra-deepwater drilling rigs. The

Update: The Greenpeace activists, including actress Lucy Lawless, were arrested Monday. Original: Seven Greenpeace protesters, including Hollywood star Lucy

HOUSTON -(Dow Jones)- Exxon Mobil Corp. (XOM) said Friday it plans spend a record $37 billion annually in capital projects for the foreseeable future, becoming

(Dow Jones) The U.S. Securities and Exchange Commission charged three Noble Corp. (NE) executives with helping bribe Nigerian customs officials, the latest

SEOUL (Dow Jones)–STX Offshore & Shipbuilding Co. (067250.SE) expects the dollar to average KRW1,100 this year and will continue to hedge 70% of the

OSLO -(Dow Jones)- Norwegian offshore drilling operator Songa Offshore SE (SONG.OS) Friday said it has been awarded a rig contract from Statoil ASA (STO) worth

COPENHAGEN (Dow Jones)–Danish oil and shipping company A.P. Moller-Maersk A/S (MAERSK-B.KO) confirmed Friday that its container shipping arm Maersk Line

Tragic news from Nick Cutmore, Secretary General of the International Maritime Pilots’ Association… We have the sad duty to inform you of the

– By Allan B. Turner, P.Eng., Mechanical Engineer With the pending introduction of EPA Tier 4 and IMO Tier III engine exhaust emission regulations