News

MILAN– Saipem announced today that they have been awarded new offshore and onshore drilling contracts worth approximately $500 million. In the Adriatic

TOKYO (Dow Jones)–A vessel carrying Japanese nationals is believed to have been seized by Russian border control authorities near a disputed island, a

OSLO (Dow Jones) –Norwegian oil giant Statoil ASA (STO) has said it will lose about 115 million kroner ($19 million) a day due to a strike by offshore

Intermarine, a Houston-based international shipping company specializing in project and heavy lift cargo transportation, announced today that Alfred (Al) JV

Technip was awarded by EnQuest Britain Limited a contract for the development of the Alma and Galia fields, located 310 kilometers Southeast of Aberdeen,

ST. PETERSBURG, Russia (Dow Jones) –Japan is hopeful that some accord can be reached with the United States to secure liquefied natural gas exports from

TOKYO (Dow Jones) –Japan and Russia agreed to provide necessary support for a project to build a liquefied natural gas plant in Vladivostok in a deal

SAINT PETERSBURG – OAO Sovcomflot (SCF Group) announced on Friday that Citigroup and Bank of America Merrill Lynch signed a USD $140 million, 7 year

In the second day of St. Petersburg International Economic Forum, Russia’s largest shipbuilder, United Shipbuilding Corporation (USC), signed a joint

14-21 June 2012 Composite close – $660.95 MT Oil prices continued their fall this past week as WTI reached new eight month lows and Brent reached lows

The National Hurricane Center reports today that Tropical Storm Chris has become a post-tropical cyclone, centered at midday Friday about 335 miles

LONDON–The sliding price of North Sea Forties crude, the main component of global benchmark Brent, is set to find support as up to 2 million barrels of

SINGAPORE (Dow Jones) —National Iranian Oil Co. will move its top fuel oil trader to head its Beijing office next month just as Europe’s embargo

Technip announced today they have been awarded a services contract for the Ichthys floating production storage and offloading (FPSO) unit.  This contract

At the Überseebrücke pier, the Port of Hamburg has for the first time been able to welcome an LNG-fuelled ship. The KV BARENTSHAV belongs to the

I met up with Pankaj Khanna, Chief Marketing Officer at Ocean Rig UDW at Marine Money in New York this week.   Ocean Rig (ORIG:NASDAQ) owns 9 offshore

Qatar Shipping SPC, a wholly owned subsidiary of Milaha (Qatar Navigation QSC), has secured a ten year US $110 million ship financing facility with QNB.

View Larger Map SYDNEY–A major rescue effort is underway after a boat carrying up to 200 asylum seekers capsized off the coast of Australia’s

OSLO (Dow Jones) –Norwegian oil giant Statoil ASA (STO) said Thursday it expects global oil demand to peak at 103 million barrels a day around 2030,

A new guide from Lloyd’s Register provides owners and operators with the technical information to reduce emissions in a cost-effective manner.