News

SHANGHAI (Dow Jones)–Grand China Logistics Holding Co.–a unit of Chinese transportation company HNA Group–said Friday that it will honor

STOCKHOLM — Swedish utility Vattenfall AB Friday announced plans to build an offshore wind farm in the North Sea after it recently bought the license

Launched by Total in December 2007, Pazflor is one of the largest offshore oil production projects in the world, and a major development for Angola.  This

(Dow Jones) FBR slashes its price target on Frontline (FRO) to $1.50 from $5.50 as it downgrades the oil-tanker operator to underperform in the wake of the

SAN RAMON, Calif., November 23, 2011 – Chevron Corporation (NYSE: CVX) today reports that while its subsidiary, Chevron Brasil Upstream Frade Ltda., has

INDIAN OCEAN: Container ship (MSC JEANNE) was fired upon by six pirates in two skiffs on 21 November at 0536 UTC while underway in position 04:03S –

(Dow Jones) A flagging economy and more domestic production is leading to decrease in US oil imports–bad news for tankers. Frontline (FRO) expects

“These are our new best friends,” skipper Ken Read remarked as the Maltese-flagged containership Zim Monaco pulled up alongside his carbon fiber

Aristides Pittas, Chairman and CEO of Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk carriers and container vessels, commented on the

SEOUL -(Dow Jones)- Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) said Tuesday that it has signed an initial pact with companies that own the

CLEVELAND—U.S.-flag Great Lakes freighters (“lakers”) carried 9.8 million tons of dry-bulk cargo in October, a weather-driven decrease of 3

SINGAPORE (Dow Jones)–Asia’s petroleum tanker markets may extend a recent period of strength in the coming week, as charterers are busy fixing

SINGAPORE (Dow Jones)–STX OSV Holdings Ltd. (MS7.SG) on Sunday said it has won a contract worth US$536 million from a unit of a unit of Brazilian energy

RIO DE JANEIRO (Dow Jones)–The Brazilian unit of major U.S. oil company Chevron Corp. (CVX) takes “full responsibility” for a leaking well

HOUSTON -(Dow Jones)- Plans to reverse the Seaway pipeline may significantly cut the glut of oil inventories in the U.S. interior, but that will only whet the

By Chris Lischewski, Shue Wing Chan and In-Soo Cho Over the past few years, Greenpeace has launched numerous crusades targeting our companies for what we do

RIO DE JANEIRO -(Dow Jones)- The Brazilian unit of U.S. oil company Chevron Corp. (CVX) is rushing equipment to find the cause of an oil leak at the offshore

LONDON (Dow Jones)–The shipping costs for Very Large Crude Carriers, or VLCCs, traveling from the Arabian Gulf soared this week, supported by a tight

Niko Resources (TSX: NKO), a Calgary-based independent oil and gas operator, announced yesterday that it had signed a contract worth in excess of $700 million

COVINGTON, La.,- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that its Board of Directors has approved a new vessel construction program for