News

Every year in August there is a weeklong event, the Oil & Gas Conference. It’s in Denver and draws an international audience. By most accounts EnerCom is the best on the schedule.

Mohammad-Ali Khatibi, director of National Iranian Oil Company for international affairs, said on Monday that customers of Iranian crude can ship their consignments by oil tanker enjoying full insurance services

Even as U.S. crude prices are expected to touch $100 this week as the strengthening Tropical Storm Isaac threatens to disrupt offshore oil production in the Gulf of Mexico, experts say the upside will likely be short-lived, recommending investors sell into the rally.

The Explorer Pipeline has shut its Louisiana assets, and Magellan Pipeline has put into place a hurricane preparedness plan in advance of Tropical Storm Isaac, spokesmen with each company said Monday morning

Liquefied natural gas major Qatargas sees more opportunities for Qatari LNG in the Middle East, South East Asia, South America, the Caribbean Islands and Northern Europe.

QGOG Constellation announces the arrival to Brazil of the ultra-deepwater drillship Amaralina Star on August 25, to be operated by its subsidiary, Queiroz Galvão Óleo e Gás (QGOG).

The Mützelfeldtwerft Nord GmbH, Cuxhaven, and the Kundt ServiceGmbH, Dormagen, will start working together

Damen Shipyards presents a new shipping concept to the market – the Damen Offshore Carrier (DOC) 7500

On August 20, China Rongsheng Heavy Industries delivered Oman Shipping’s first 380,000 DWT class VLOC.

Europe's ongoing recession has seen many firms flounder on the rocks, but for one Turkish ship breaking company, the long-lasting recession has meant more business than ever.

Hellenic Carriers Limited, an international provider of marine transportation services for dry bulk cargoes, is pleased to announce that,

DNV has awarded ISO 50001 certification to the Greek shipping company Arcadia Shipmanagement Co Ltd. DNV also evaluated the SEEMPs

Index linked contracts are a response to the failure of traditional fixed rate contracting…Persistent freight rate volatility is forcing container shipping to

In its latest weekly report on the tanker market, Braemar Seascope said that VLCC owners in the Arabian Gulf are starting to take notice of the rising bunker price

Liquefied natural gas (LNG) is now the fastest growing fuel in the world and spurred by new discoveries is set to challenge decades-old

Egypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug on credit and charge high premiums due

THE Kenya Petroleum Refinery expects to buy 80,000 tonnes of UAE Murban crude oil in September as it speeds up its processing rate under a new system in

The chief oil trader at TNK-BP said he would leave the Anglo-Russian oil venture, which faces an uncertain future as its owners seek to dissolve their fraught but highly lucrative partnership.

Two U.S. refiners on Thursday unveiled plans that will allow them to use more of the lower-cost crude oil from the prolific Eagle Ford shale play in South Texas.

United States-listed oil, gas and mining companies would henceforth be required to reveal all payments they make to foreign governments