News

Marine bearings that use seawater as lubrication rather than oil have earned a Burlington company a spot on the short list for an international environmental award.

After publication of a joint investigative report in The Jerusalem Post and the German business daily Handelsblatt late last month, French shipping giant CMA CGM S.A.

Ocean carrier named top Liner Owner/Operator, wins Environment Protection Award APL, the world’s seventh largest container shipping carrier, won the Liner

Russia's state-controlled gas monopoly Gazprom said Monday that it hopes to clinch a multibillion dollar deal with China by year-end to become the largest supplier of natural

Rich enough to buy a Bentley on a whim or poor enough to be set back by a simple traffic fine, Americans are angry about gas prices. That anger has a long list of targets

Azerbaijan may turn to a liquefied natural gas project if proposed rates via the planned Nabucco pipeline and competing links to Europe are too expensive, ANS television reported.

Electric power producers will continue to switch from coal to natural gas, according to a recent analysis from energy investment firm Tudor Pickering Holt.

Tsakos Energy Navigation Ltd. yesterday announced the charter of the 105,000 dwt, DNA design Aframax tanker, Maria Princess, to a major Chinese oil concern for a twelve month period. This charter comes in line with the Company's pre-stated policy

Galvanic corrosion is an issue that has challenged U.S. warships since 1844, when the USS Michigan, the first iron-hulled Navy ship, entered service. Today, two common and robust solutions, impressed current cathodic protection systems and the use of strategically-placed sacrificial anodes, are in wide use throughout the world, particularly in ships where two different metals such as steel and aluminum are utilised in the one vessel.

Keppel FELS Limited (Keppel FELS) is on track to deliver ENSCO 8504, the fifth of seven ENSCO 8500 Series® ultra-deepwater semisubmersible drilling rigs being built exclusively for Ensco plc .

The first container ship arrived at the Port of Charleston in 1966. It was carrying the equivalent of 600 20-foot-long steel boxes loaded with an assortment of goods.

Dolphin Geophysical AS has signed a contract with Lundin Norway AS for the acquisition of more than 600 km2 of 3D seismic data in the Barents Sea. The survey will be acquired by the Artemis Arctic and is estimated to commence in early August.

Despite extensive opposition to Port Otago’s Next Generation Project, the company has been granted resource consent to dredge Otago Harbour and dispose of the soil at sea. The independent hearing panel, led by John Lumsden , has just released its decision approving the proposal.

Scheldepoort Repair & Conversion Yard in Vlissingen has signed a contract for the conversion of jack up drill rig “GFS Labrador” into an accommodation rig.

On 17 June 2011 at the St. Petersburg International Economic Forum, Sovcomflot – the largest operator of ice-class LNG tankers – signed a contract with Gazprom Global LNG Limited (GGLNG), a subsidiary of Gazprom, for the long-term time charter of two ultra-modern ice-class LNG-carriers. The long-term time charter provides for a minimum of 15 years’ employment for both vessels each of nearly 170,000 cubic meters cargo capacity.

Russia and France signed the procurement contract for two Mistral class assault landing ships at 15th Saint Petersburg International Economic Forum, reports RIA Novosti.

South Korean shipbuilding and shipping conglomerate the STX Group said Monday it has signed an initial deal to build a $1 billion shipyard in Russia.

The first batch of oil industry’s foreign exchange bonds for current Iraniancalendar year (started March 21), worth 2.7 billion euros, will be offered next week through branches of three domestic banks, managing directorof the National Iranian Oil Company (NIOC), Mr. Qalebaniannounced here on Tuesday.

Noble Energy Inc. has applied to the Ministry of National Infrastructures for a permit to bring a fourth offshore drilling rig to Israel to develop the North Noa natural gas field.

IN A world facing rising energy prices in the midst of the worst economic crisis since the Great Depression, any discovery of new oil and gas deposits is welcome as another