Billions Added to Price Tag for ExxonMobil’s Papau New Guinea LNG Project [UPDATED]
SYDNEY–Exxon Mobil Corp. (XOM) said Monday the cost of building a massive natural gas-export project in Papua New Guinea has blown out to US$19 billion
SYDNEY–Exxon Mobil Corp. (XOM) said Monday the cost of building a massive natural gas-export project in Papua New Guinea has blown out to US$19 billion
The Los Angeles Board of Harbor Commissioners has approved construction contracts totaling more than $127 million for two major projects that advance
The final hull section of aircraft carrier HMS Queen Elizabeth has arrived at Babcock’s Rosyth dockyard. The 11,300 tonne aft section of hull, known as
Today marks the 37th anniversary of the sinking of the SS Edmund Fitzgerald, the Great Lakes freighter that sank in a strong gale on eastern Lake Superior
(Bloomberg) — A former BP Plc engineer charged with destroying evidence sought for a U.S. probe of the 2010 Gulf of Mexico oil spill lost his bid to
A.P. Moller-Maersk A/S (AMKBY, MAERSK-A.KO, MAERSK-B.KO) on Friday warned global demand for seaborne containers will grow more slowly than the group forecast
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(Bloomberg) — Huntington Ingalls Industries Inc. fell after the U.S. Navy’s sole builder of aircraft carriers reported third-quarter profit that
Dutch oil services company SBM Offshore NV (SBMO.AE) Friday confirmed earlier reports that said it will fix the faulty legs of its Yme oil and gas platform,
(Bloomberg) — Gasoline shipments to the U.S. from Europe are poised to fall after inventories of the auto fuel swelled because of distribution
(Bloomberg) — Crude tankers shipping almost 20 percent of the world’s oil curbed seven weeks of losses as declining fuel costs helped owners
OSLO–Statoil ASA (STO, STL.OS) evacuated 336 people by helicopter from a housing platform in the Norwegian Sea in rough weather with gale force winds,
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Sign UpOil shipments from the Organization of the Petroleum Exporting Countries are to increase by 640,000 barrels a day in the four weeks to Nov. 24, compared with
Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA, received a letter of intent today for the provision of the accommodation semi-submersible
Singapore-based shipowner Britoil Offshore Services Pte Ltd. entered into a contract today with the Ulstein Group for the design and equipment packages for two
(Bloomberg) — Clarkson Plc, the world’s largest shipbroker, plunged the most since 2009 after saying this year’s earnings will be lower than
– By Donna McKinney, US Navy Research Laboratory With its strong dependence on gas-turbine engines for propulsion, the U.S. Navy is always looking for
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Employers Start Here Jobseekers Start Here(Bloomberg) — The former head of Petroleo Brasileiro SA’s refining division is negotiating with a group of investors to build a shipyard in
Greece-based Paragon Shipping Inc. (NYSE: PRGN), a global shipping transportation company specializing in drybulk cargoes, revealed plans Wednesday to delay
A Celebrity Cruises cruise ship has been delayed in Southhampton after 350 passengers came down with suspected cases of the industry’s most feared
Bermuda-based Knightsbridge Tankers (NASDAQ: VLCCF) reported their Q3 financials today and gave us an overview of the tanker and dry bulk markets. With
By Jeonghee Han, Greenpeace Last summer Korea shocked the international community by announcing it would start ‘scientific’ whaling. Surprised by
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