News

Israel’s National Planning Council has given final approval for a plan to establish a floating LNG terminal off the country’s central Mediterranean coast, the council said on Wednesday.

Saudi Arabia will sell crude to Indian refiners in August after Iran said it may no longer provide them with oil, people familiar with the situation said last week. Iran has said it resolved the payment dispute.

he official selling price of crude oil grades produced by the Abu Dhabi National Oil Company (Adnoc) averaged $106.62 per barrel during the first six months of 2011,

Brazil's demand for refined oil products will carry on rising, forcing the nation to increase imports, because Petrobras cannot keep pace even though it is growing faster than

Boom time beckons Bangladesh's fledgling shipbuilding industry as nearly a dozen foreign buyers are on a bargain-hunt for local ship makers to place orders

OSX Brasil S.A., a brazilian publicly held corporation focused on the supply of equipment and services to the offshore oil and gas industry, through integrated operations

MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS:

Turkey has resumed talks with Japanese companies Toshiba and Tokyo Electric Company (Tepco) to discuss a potential collaboration to build Turkey's second nuclear plant in Sinop.

Electric Boat Corp., Groton, Conn., is being awarded approx $17 million cost-plus-fixed fee order under previously awarded basic ordering agreement (N00024-10-G-4314) to support nuclear carrier repair work at Norfolk Naval Shipyard during on-going availabilities.

Gulmar Atlantis last week left the port of Singapore Offshore for her maiden voyage to go on a minimum 6 months charter in Brazil. The vessel will be working for Petrobras with Fugro providing diving and ROV services.

TGS has commenced a new multi-client 3D survey in the Faroe-Shetland Basin. The survey covers 2,500 km2 west of the British Isles over quads 6004, 204 and 205 and is acquired in partnership with PGS.

ABB, the leading power and automation technology group, has won an order worth around $1 billion from the Dutch-German transmission grid operator TenneT to supply a power link connecting offshore North Sea wind farms to the German mainland grid.

Jensen Maritime Consultants, Inc., recently completed the custom design work for the Bob Franco, a new Azimuth Stern Drive (ASD) tugboat for Harley Marine Services. The vessel – measuring 120 feet in length and 35 feet in width – is one of the first to be powered by Tier III CAT C175 engines

The international shipping industry has taken its first steps to increase fuel efficiency and reduce emissions. The International Maritime Organisation (IMO) has agreed to enforce stronger energy efficiency standards for new ships beginning in 2013.

OSX Brasil S.A., a brazilian publicly held corporation focused on the supply of equipment and services to the offshore oil and gas industry, through integrated operations in shipbuilding, chartering of exploration and production (E&P) units, and operation and maintenance (O&M) services, informs of its Plan of Activities, to be implemented by its subsidiary OSX Construção Naval S/A, for production of offshore oil and gas E&P equ

Brent oil prices will soften in the second half of this year to around $110 a barrel on worries that government debt problems and sluggish growth will cap demand,

Gazprom Neft, the oil arm of energy giant Gazprom, has bought a 30 percent stake in a project to develop four blocks on the Cuban shelf of the Gulf of Mexico, the company said on Monday.

Kuwait National Petroleum Company (KNPC) announced Sunday that it has made great strides in reducing gas emissions from its oil facilities using the most sophisticated environment protection systems.

The release of 60 million barrels of crude oil from strategic stocks by the International Energy Agency (IEA) was camouflaged to cover the loss of Libyan exports but it was seen

Petroleo Brasileiro, or Petrobras, plans to invest $11 billion in oil exploration, production and refining projects in Mexico between now and 2015, an official said.