Russian Partners Agree Icebreaking OSV Constructions
Sakhalin Energy and Sovcomflot (SCF) inform they have agreed to extend their co-operation having signed a number of agreements for construction and long-term operation…
China Shipyards Win US$100-Million OSV Contracts
1. COSCO (Dalian) Shipyard Co., Ltd., has secured a contract from an Asian company to build four Emergency Response / Rescue / Field Support Vessels (ERRVs), scheduled…
Risk-Taking Container Terminal Operator Spotlighted
International Container Terminal Services Inc. (ICTSI) is considered one of the biggest risk takers amongst global container terminal operators. Drewry Maritime…
Search Continues for Missing MH370: Latest Update
Australia's Joint Agency Coordination Centre (JACC) advises that up to 10 military aircraft and 10 ships will assist in today's search for missing Malaysia Airlines flight MH370.
Pertamina To End Loss-Making LPG Sales By 2016
State-owned energy firm Pertamina plans to raise the non-subsidized liquefied petroleum gas (LPG) price gradually by 2016, ending years of loss-making business due…
China's New Environment Law Submitted To Parliament
Amendments to China's 1989 environmental protection law that will mean stiffer punishments for polluters have been submitted to the country's parliament for deliberation…
Carnival Corp on Target to Cut GHG Emissions 20%
In honor of Earth Day and the importance of year-round environmental awareness, cruise ship company Carnival Corporation & plc says it will meet its goal to reduce…
Argentina To Eliminate Taxes Paid By Biodiesel Producers
Argentine President Cristina Fernandez on Monday asked Congress to eliminate some of the taxes paid by biodiesel manufacturers in a bid to support an industry hard…
Keystone Backers Keep Their Faith In Embattled Pipeline Plan
Six years after applying to build the Keystone XL pipeline, Canada's frustrated oil industry appears steadfast in its support of the plan even though Washington…
Alaska Plan To Export North Slope Gasp
Alaska's legislature on Monday approved Governor Sean Parnell's plan to join four energy companies in moving ahead on plans to build infrastructure to transport…
U.S. Could Hit Russian Officials With Sanctions
The United States could impose sanctions on a range of Russian officials over the crisis in Ukraine, U.S. State Department spokeswoman Jen Psaki said on Monday.
Holland American Line Launches 'Dive-in At The Terrace Grill’
Holland America Line is enhancing the Terrace Grill on its 15 premium ships and rebranding the popular lunch spot as “Dive-In at the Terrace Grill.” The outdoor…
PPG Reports Record Q1 2014 Results
PPG Industries (NYSE:PPG) reported record first quarter 2014 net sales from continuing operations of $3.6 billion, up $528 million, or 17 percent, versus the prior year.
Polish PM Calls For EU Energy Union To End Dependence On Russian Gas
The European Union must create an energy union to secure its gas supply because the current dependence on Russian energy makes Europe weak, Poland's Prime Minister Donald…
Shippers Vapores, Hapag-Lloyd Merger
A significant majority of shareholders in Chilean shipper Compania SudAmericana de Vapores lent their support to the firm's merger with Germany's Hapag-Lloyd, allowing…
USCG to Medevac Injured Mariners Battling Rough Seas off Alsaka
The U.S. Coast Guard said it is preparing to medevac three injured mariners from a vessel currently more than 300 miles south of Kodiak Monday after a large wave…
Noble Energy Announces Increased Quarterly Dividend
Noble Energy, Inc. announced that its Board of Directors has approved a quarterly cash dividend of 18 cents per common share, which represents an increase of nearly 29 percent from the prior 14 cents per common share quarterly dividend. The dividend is payable on May 19, 2014, to the shareholders of record at the close of business on May 5, 2014. Charles D. Noble Energy is an independent energy company engaged in worldwide oil and gas exploration and production.
Offshore Floating Production Hits Headwinds
Floating production has been one of the most significant developments in the oil and gas industry over the past four decades. Since the first floating production unit (Argyll) was installed in 1975, more than 350 offshore fields too deep, too remote or too small for fixed platforms have been developed using floating production facilities. Looking forward, the future of the sector continues to look very promising, but some barriers and threats to growth have appeared.
Oiltanking Partners Report Q1 Distribution Increase
Oiltanking Partners, L.P. announced that the board of directors of its general partner declared a cash distribution of $0.495 per unit, or $1.98 per unit on an annualized basis, for the first quarter of 2014. The first quarter distribution represents a 5.3% increase over the prior quarter distribution of $0.47 per unit and a 22.2% increase over the prior year distribution of $0.405 per unit. The distribution will be paid on May 14, 2014, to unitholders of record on May 2, 2014.
Two Rescued from Grounded Fishing Vessel
The U.S. Coast Guard said it rescued two men from a grounded fishing vessel near Sitka Monday. A Coast Guard MH-60 Jayhawk helicopter crew from Air Station Sitka…
