Featured

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

By Alexander Wardwell, Det Norske Veritas Scheduled for delivery in March 2012, the most recent addition to Stena Drilling’s fleet will be the

The world’s first LNG-fueled product tanker, the “Bit Viking”, is now officially in service according to class society Germanischer Lloyd

Florida-based Sea Star Line LLC agreed this week to enter a guilty plea with the Antitrust Division of the Department of Justice and pay a $14.2 million fine

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

RIO DE JANEIRO (Dow Jones)–U.S. oil major Chevron Corp. (CVX) faces heavy fines in Brazil after the company accepted responsibility for an oil spill at

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

Despite Chevron taking full responsibility (and up until now the majority of heat from Brazil’s oil regulating agency, ANP) for the estimated 5,000 to

International shipping association BIMCO announced today that it will be moving forward with the development of a standard contract for the employment of armed

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

With Cuba’s move to offshore drilling just 60 miles off the coast of Key West, the USCG, along with partner agencies, continue to make preparations for a

The following is a response to a recently published article here on gCaptain titled “ABS Chief: Class Societies and Ship Design Do Not Mix” where