News

A cooler-than-usual start to Japan's summer this year has reversed the trend of Asia's year-on-year spot LNG price gains for the first time since 2009, an analysis of Platts price data and weather information showed.

British oil giant BP is expected to invest a whooping $24 billion for the first phase full-field development of its block 61 tight gas fields in north-central Oman.

Asian liquefied natural gas (LNG) LNG-AS spot prices slipped below $13 per million British thermal units (mmBtu) for October deliveries this week as a third month of weak demand shielded the market from a string of supply losses.

Iraq will make future energy exploration contracts more lucrative in a bid to lure a greater number of foreign firms to auctions for exploration blocks, a spokesman said on Sunday.

The discovery along Africa's east coast of the world's biggest gas finds in a decade threatens to undo investment plans on the other side of the Indian Ocean.

Asia's demand for natural gas may be insatiable and a case existed for the construction of at least a few more multi-billion dollar gas-export projects in Australia

Gearbox specialist Mekanord is now launching a gearbox which is up to 30 % lighter than traditional ones. The new product

On Thursday (August 30, 2012), McDermott International, Inc. announced that it will build another high capacity reeled pipelay vessel with top-tier payload capacity, tentatively named Lay Vessel 108 (“LV108”).

Unifeeder A/S announced that it has reached agreement to acquire Feederlink Shipping & Trading b.v. (Feederlink) from Irish Continental Group, plc (ICG).

After 12 months of research and analysis, Lloyd’s Register has concluded its 2011-12 study on LNG bunkering and newbuilding demand for deep-sea shipping.

On the first of August 2012 product-carrier SCF Neva (DWT – 47,125 tons, year of construction – 2006, ice class – 1A) started

Funding and operating “green” ships which can be used worldwide without restrictions is a very important task

Höegh LNG Holdings Ltd. announced that it has been selected the preferred bidder for the floating LNG import terminal (FSRU) sponsored by Colbún S.A. and AES Gener S.A. (the “Client”) in Chile.

IHC Merwede has successfully launched the largest backhoe dredger in the world on 31 August 2012. The name of the vessel will be revealed

Tognum to make upgraded MTU Series 4000 workboat engines available summer 2013. Tognum will enhance its MTU Series 4000 Ironmen workboat engines for compliance with US EPA Tier 3 emissions regulations.

Siem Offshore Rederi has been awarded a contract with the oil and gas company TOTAL. The contract with TOTAL E&P NORGE AS is for a new

ClassNK (Chairman and President Noboru Ueda) has announced that the Portuguese Flag Adminstration

Triple Point Technology, the leading global provider of cloud and on-premise Commodity Management software, announced today that Companhia de

A study by the Swedish Club, produced as a reaction to a 60% increase in hull and machinery claims over a three year period, has pointed to skill shortages as one of the principal

The adverse conditions which have been put in place in the world's freight markets, means that ship owners are forced to scrap vessels of a much younger age than before