News

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. ( BHI ) reported a marginal rise in the U.S. rig count (number of rigs searching for oil and gas in the country).

If Alaska's North Slope joins the shale revolution, there's likely plenty of natural gas to be found, according to a new analysis from the U.S. Geological Survey.

BP Plc (BP/) is seeking as much as $7.9 billion before tax payments for a group of Gulf of Mexico oilfields as it unloads assets following its 2010 spill in the region, two people with knowledge of the matter said.

Royal Dutch Shell will restart in September at the earliest a crude distillation unit (CDU) shut for maintenance at its 500,000 barrels-per-day refinery in Singapore, industry sources said on Wednesday.

Europa Oil & Gas, the AIM listed oil and gas exploration, development and production company focussed on Europe, has provided the following trading statement

The state Department of Mineral Resources reports that North Dakota oil producers pumped an average of about 660,000 barrels of oil each day in June.

Booming like never before, the offshore oil and gas industry is exploring ever deeper into the ocean and drilling further under the sea bed, bringing strikes like one this week off Brazil that may be one of the biggest yet in the region

Ukraine has picked a consortium led by ExxonMobil (XOM) and Royal Dutch Shell (RDSA.L) to develop its Skifska gas field in the Black Sea, it said on Wednesday, as it seeks to wean itself off increasingly expensive Russian gas imports.

The German shipping company Held has recently picked the GL ShipManager system as the new platform for their technical ship management activities. The software will be installed in their Haren office and on all vessels.

Otto Marine Limited, a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers

Continuing its Shipping Certification Campaign, United Against Nuclear Iran (UANI) on Wednesday called on Russian Maritime Register of Shipping (RS) to stop certifying Iranian vessels.

Intermarine and Scan-Trans announced today their completed merger, creating a new leader in project and heavylift cargo maritime transportation.

The Council for Economic Planning and Development (CEPD) of the ROC approved a US$2.2 billion expansion plan on August 6th for Taiwan’s international ports.

During the reporting period of 08 to 16 August 2012, there have been two dhows pirated (NSC Alert 023/12) and one disruption in the High Risk Area.

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