JPMorgan Chase Analysts Lower Price Target on Teekay
According to a report from American Banking and Market News, equities research analysts at JPMorgan Chase & Co. (NYSE: JPM) lowered their price target on shares of Teekay Tankers Ltd.
Two Greek Oil Tankers Sail from Libya's Es Sider
According to a report from Reuters, two fully loaded Greek tankers carrying around 1.2 million barrels of crude oil left the Libyan port of Es Sider on March 1, the vessels' owner said.
Oil at Libyan Ports May Run Low Due to Political Upheaval
According to a March 1 report from Bloomberg, crude supplies for loading at Libyan ports may start to run low because of disrupted production at oil fields caused…
Australia May Double LNG Exports by 2016
According to a report from Bloomberg, Australia’s liquefied natural gas exports may more than double by 2016 as Asian economies increase gas consumption as part…
Golar LNG Posts Q4 Results
According to a report from RTT News, on March 1, Golar LNG Ltd. (GOL) posted consolidated net income of $4.7m and consolidated operating income of $15m for the fourth quarter of 2010.
Oil studies Find Commercial Fish in Arctic
According to a report from the Associated Press, studies of the Chukchi and Beaufort seas are generating research of value beyond oil exploration. Surveys for possible…
Saipem Wins Offshore Contract in Saudi Arabia
According to a report from Reuters, Italian oil services firm Saipem (SPMI.MI) won a contract for offshore work at Saudi Aramco's [SDABO.UL] non-associated gas fields feeding Wasit…
KPI Bridge Oil Appoints Rasmussen
KPI Bridge Oil, a global bunker broker and trader, has appointed Jesper Rasmussen as Senior Key Account Manager in its London office. Rasmussen, a Danish national, has management and sales experience in the global maritime industry and speaks Danish, English, German, Norwegian and some Dutch and Greek. Rasmussen holds a degree from Copenhagen Business School and has completed various business courses at Management Centre Europe in Brussels and Cranfield University in the UK.
Suncor Questionaire Integrated for Ship Operators
Heidenreich Innovations LLC announced the completion of a project to integrate Suncor's vetting system with Q88.com's questionnaire system. Ship operators are required…
Dive Support Vessel Ocean Project Sold
Marcon International Inc. of Coupeville, Wash. announced the sale of the dive support vessel Ocean Project from Oceaneering International, Inc. of Houston, Texas to private South American interests. The Vanuatu-flagged Ocean Project (ex-Rambo, 0601, George E. Darby, Janie B, Cathy B, Nordic Offshore) was built in 1972 by Bel-Aire Shipyard, Ltd. of North Vancouver, British Columba, Canada as an offshore supply vessel and classed ABS +A1, Ice Class A, Towing Service, +AMS, Unrestricted.
Strategic Marine to Build Barge for Energy Sector
Perth-based ship building company Strategic Marine has won a contract to supply a 88.5-ft work barge to service the energy and resources sector in Western Australia's north-west. The vessel, being built for Karratha business Offshore Plant Hire, will be based in the Port of Dampier and be chartered to marine operations company Bhagwan Marine. It will service the areas around Dampier, Onslow and Barrow Island and be used primarily for port upgrades…
Keppel Acquires Stake in Dyna-Mac, Topside Module Fabricator
Keppel Offshore & Marine Limited (Keppel O&M), through its wholly-owned subsidiary KS Investments Pte Ltd (KSI), has acquired a 27.77% stake (250,000,000 shares)…
This Day in U.S. Coast Guard History - March 2
1799- Congress authorized revenue cutter officers to board all ships of the United States within four leagues of the U.S., if bound for the U.S. and then search and examine them…
This Day in U.S. Naval History - March 2
1859 - Launch of Saginaw at Mare Island, first Navy ship built on West Coast of U.S. 1867 - Birthday of Civil Engineer Corps. 1899 - Act of Congress creates the…
