News

In the northern reaches of Alberta lies a vast reserve of oil that the U.S. views as a pillar of its future energy needs.China, with a growing appetite for oil that may one day

The industrialized world has likely capped oil prices for the rest of the year by releasing emergency reserves, a Reuters poll found, suggesting they have bought

The oil market will be “well supplied” in the second half of 2011 as consuming and producing nations are pumping more crude when necessary, said Noe van Hulst,

While marking the first ever Day for the Seafarers on June 25, a group urged the maritime industry to address problems plaguing sea-based workers, such as piracy,

Despite receiving its daily quota of drinking water from various sources, the city is facing a water shortage. And, taking advantage of the demand for water tankers, drivers

While the effects of the earthquake and tsunami which devastated north east Japan and wrecked a nuclear power station are still fresh in people’s minds, nuclear power

China Rongsheng Heavy Industries has inked an agreement to obtain RMB11bn ($1.7bn) credit line from China CITIC Bank to expand its operations. A credit line of RMB9bn

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NOL Group yesterday confirmed it has signed contracts with Korea's Daewoo Shipbuilding & Marine Engineering Co. and Hyundai Samho Heavy Industries Co., Ltd to build

Mitsui O.S.K. Lines, Ltd. yesterday announced a decision to order two containerships (8,600 TEU) from Mitsubishi Heavy Industries, Ltd., with delivery slated for 2013.

At a time when markets are still down, ship owners need to address maintenance concerns head on and turn to suppliers they can trust. That’s the message from

ClassNK announced that it had reached an agreement to establish a capital tie-up with Japan Marine Science Inc. at a meeting in Tokyo today. The tie up agreement will see

Yesterday, at a signing ceremony in Tokyo, Japan, Maersk Line exercised its option with Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build an additional 10 Triple-E ships, the world’s largest and most efficient container vessels.The event

West Elara – the first of two ultra-large, high-specification, harsh-environment Gusto MSC CJ70 150A jack-up rigs built by Sembcorp Marine’s subsidiary Jurong Shipyard for North Atlantic Drilling, a subsidiary of Seadrill Limited – is poised to make rigbuilding history in Singapore as the nation’s largest jack-up newbuild following its turnkey construction success.

Topaz Energy and Marine, a leading oilfield services group, has recently signed long-term vessel support contracts with prominent clients totaling US$ 160 million.

Keppel FELS Limited (Keppel FELS) is on track to deliver its third KFELS N-Class jack-up rig to Rowan Companies, Inc. on time and within budget.

Endeavour Energy UK Ltd, a subsidiary of Endeavour International Corporation, awarded Technip an EPCI lump sum contract, worth around €70 million, for the East Rochelle development in the United Kingdom North Sea. The field is located approximately 185 kilometers north-east of Aberdeen, Scotland in 140 meters of water.

ScottishPower Renewables and DONG Energy have signed a turbine supply agreement with Siemens whereby Siemens will supply 108 machines of 3.6 MW capacity each for the 389 MW West of Duddon Sands offshore wind project, in the Irish Sea.

Keppel Singmarine Pte Ltd (Keppel Singmarine), the specialised shipbuilding arm of Keppel Offshore & Marine Limited (Keppel O&M), is on track to deliver GLOBAL 1201, the second new generation derrick pipelay vessel to Global Industries Ltd (Global Industries) safely, on time and within budget.

DP World Nava Sheva Wins Important Environmental Award in India DP World Nava Sheva at Jawaharlal Nehru Port in Mumbai, recently won the prestigious Golden Peacock Award for Environment Management at an awards ceremony held at the Leela Kempinski, New Delhi.