News

France seeks “more lasting measures” to cut oil prices after the government agreed on a three-month reduction to help shore up the economy.

Global crude oil prices have increased significantly over the past two months. Since reaching a 2012 low of $89 per barrel on June 21,

OPEC crude oil output rose in August as Iranian shipments climbed slightly from its lowest in more than two decades and because of higher exports from Angola and Nigeria, a Reuters survey showed on Thursday.

The key difference Barclays sees between oil and most other energy markets is supply, where the challenge is replacing declining oil production. Demand, by contrast, responds to economic weakness to similar degrees across the energy spectrum.

Oil workers are enjoying strong growth in pay thanks, in particular, to a shortage of engineers, a trend that shows no sign of easing.

Japan's largest refiner JX Nippon Oil & Energy plans to process 5.44 million kiloliters (34.22 million barrels, or 1.10 million b/d) of crude for the domestic market in September, up 8% from a year ago, company officials said Thursday.

The Venezuelan oil refinery whose explosions killed 42 people suffers mismanagement, delays in major maintenance and underinvestment, according to analysts and an engineering firm's recent report.

Gasoil stockpiles in independent storage in Amsterdam-Rotterdam-Antwerp, Europe’s oil-trading hub, advanced to a four-month high, according to PJK International BV, a researcher in the Netherlands.

Light-distillate inventories in Singapore, Asia’s biggest center for oil trading, refining and storage, dropped to the lowest level in more than three years

South Korean refiners have suspended bunker loadings due to Typhoon Tembin, refining sources said Thursday. GS Caltex halted bunker loading at

The Belgian heavy lift and special transport group Sarens will transport and install the 16 new lock doors of the Panama Canal.

On August 12, 2012, Jumbo successfully completed the transport and discharge of twenty-five MOF caissons for the Gorgon Project.

Aker Philadelphia Shipyard ASA, a leading U.S. commercial shipyard has delivered to Crowley a Veteran Class MT-46 product tanker.

First-in-class Joint High Speed Vessel USNS Spearhead (JHSV 1), the high-speed catamaran transport ship under

In August, the construction works for the project Global Tech I have successfully started. Five test piles have already been executed at selected points close to the turbine location in the seabed.

NAVTOR today announced that it has signed a distribution agreement with the UKHO (United Kingdom Hydrographic Office)

In past few days P+S WERFTEN has been involved in intensive discussions with the representatives of the German

Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility (PHNSY & IMF) answered the call for 132 repairs

The contract with TOTAL E&P NORGE AS is for a new dual fuelled large platform supply vessel (PSV). The new PSV

ULSTEIN has taken to the bridge to set a bold and innovative new course for marine operations in the 21st century.