News

According to the data from the International Maritime Bureau (IMB) there has been no successful hijack since 19th June, when a fishing dhow was seized, and no

Germany’s shipping industry faces a wave of bankruptcies over coming months as funding dries up and deepening economic woes across the world cause a sharp contraction in container trade.

Italian officials said that the capsized Costa Concordia cruise ship will not be moved from its resting place off the island of Giglio as quickly as planned.

Aker Solutions' operating revenues were NOK 11.9 billion in the second quarter and NOK 21.7 billion for the first six months of 2012.

Highlights for the Group for the 2nd quarter 2012 “We deliver a fairly satisfactory result for the second quarter, and we are on the right track

Highly volatile stock markets In the first three months of 2012, the international financial markets experienced the best start to any year since 1998. However, the renewed flare-up

International engineering giants are among nine groups of bidders shortlisted for an estimated $1.2 billion contract to undertake the expansion of Oman’s flagship refinery at Sohar.

Canadian Natural Resources Ltd. (CNQ), the country’s worst-performing major energy stock this year, is sitting on its shale-gas

Tangiers' planned exploration will initially focus on geotechnical studies and the acquisition of 500km of 2D seismic data Tangiers'

Chevron Corp. reportedly considered replacing a corroded Richmond refinery pipe nearly a year ago but decided it was good for another five years of service.

The local prison is so short on guards that inmates can sometimes just walk away. A gas station barely has enough cashiers to keep up with the trucks filling the parking lot. And “help wanted” signs seem to hang from every restaurant and shop.

JKX Oil & Gas (LON:JKX) yesterday morning confirmed that gas production is now underway from well 27 at the Koshekhablskoye field, Russia.

The second quarter was brutal to North American natural gas producers. The NYMEX natural gas price averaged $2.22 per MMBtu, dropping further from the already sub-economic $2.74 per MMBtu

On 31 July 2012, the Directors of BP p.l.c. announced that the interim dividend for the second quarter 2012 would be US$0.08 per ordinary share (US$0.48 per ADS).

Statoil has farmed down a 25% working interest in its operated exploration licence offshore Mozambique to Tullow Oil plc (Tullow).

OPEC crude output fell for a second month in July as Saudi Arabia cut production and Iran pumped less than Iraq for the first time in at least 20 years.

Oil prices are racing higher as investors bet that central bank cash will soon boost a market afraid of Middle East war and worried

In response to increasing market demand for feeder space, Evergreen Line will commence the new Straits-Yangon (Myanmar) service (referred to as SYS) from late August.

ABS, the leading provider of classification services to the global offshore industry, has provided certification services for the design

The OE2012 conference which runs parallel to the Offshore Energy exhibition on 23 & 24 October in the Amsterdam RAI features an international faculty of expert speakers.