Sevan Marine Investigates Petrobras Corruption Case
Norway's Offshore drilling firm Sevan Marine ASA has appointed law firm Selmer to investigate claims by Brazilian media that a former manager and agent of Sevan…
TGS to Acquire Polarcus' Multi-Client Library
Polarcus Limited has signed a Letter of Intent (LOI) with TGS-NOPEC Geophysical Company for the sale of its multi-client projects in Northwest Europe and West Africa…
Northern Offshore acquired by Shandong Offshore
Offshore oil and gas drilling firm Northern Offshore Ltd. has reached agreement on the terms of a recommended $165m cash acquisition by Shandong Offshore International Company Limited.
China's State Audit Uncovers Misdeeds in Cosco
Intensifying crackdown on corruption China’s National Audit Office released an audit report for state-run shipping conglomerate Cosco Group in which it has uncovered…
Brand New Ro-Ro Ran Aground in Norway
Ro-ro cargo vessel Kvitbjørn ran aground off Ulsteinvik port, Norway, in the afternoon June 28, while approaching the port. The vessel, owned by Norway-based Nor Lines…
Dalian Shipbuilding Wins Cosco Order for 7 Ships
Dalian Shipbuilding Industry Corporation (DSIC) has announced an order win for two 319,000 dwt VLCCs and five 72,000 dwt product tankers from Cosco Dalian, the tanker…
Statoil Cancels Rig Contract, COSL Cuts Jobs
COSL Drilling Europe is reportedly being forced to make 229 rig staff redundant as a result of Statoil’s decision to cancel the charter for semi-submersible unit COSL Pioneer.
Cheniere’s Maiden LNG Spot Deal At $7.20/MMBtu
Cheniere concluded its maiden LNG spot trade earlier this week at for late-July delivery to an Asian buyer, reports Platts quoting a source with direct knowledge of the deal.
China Oil Rig Returns Off Vietnamese Coast
China has again deployed the Haiyang Shiyou 981, a semi-submersible oil platform which caused a standoff between Chinese and Vietnamese vessels last year, to the disputed South China Sea region…
Malta Shipbuilding Site Converted for Oil and Gas Industry
The Maltese government is all set to set to transform the ex-Malta Shipbuilding site into a service hub for the oil and gas industry, directly employing 160 people…
Chinese Submarine Docked in Karachi ?
The intervention of China in the Arabian Sea is increasing with each passing day. China's deadliest attack submarine crept past Indian waters and docked in Karachi.
Cosco Orders of 20,000-TEU Ships may Go Up to 13
Several media outlets now report confirmations that Cosco is also targeting ultra-large vessels by ordering nine ships of 20,000 teu, with options for four additional vessels.
Abu Dhabi Wins Volvo Ocean Race's In-port Series
Abu Dhabi Ocean Racing won the Volvo Ocean Race (VOR), despite pulling into the port of Gothenburg, Sweden, in fifth place on Monday. The Emirates team, skippered by Walker…
More Legal Woes for Bankrupt OW Bunker
A group of 27 Danish institutional investors say they will launch a legal action against the former management of OW Bunker, a shipping company that filed for bankruptcy…
Fight Over Port of Melbourne Sale
Victorian Labor is ramping up the pressure on Matthew Guy's Coalition over its decision to block the sale of the Port of Melbourne, reports The Age. Victoria’s plans…
Indian Warships Visit Cambodia, Thailand
In pursuit of India’s ‘Look East’ and ‘Act East’ policy, the Indian Navy’s Eastern Fleet ships under the command of Rear Admiral Ajendra Bahadur Singh, VSM, Flag…
COSCO Dalian Built PSV Completes Sea Trials
The first of the two 9,000 horsepower COSL deepwater supply vessel (PSV)built at the COSCO Dalian Shipyard ship has successfully completed sea trials. The trial…
Baker Hughes helping IOG develop North Sea resource base
Independent Oil and Gas PLC (IOG) is extending its seismic remapping agreement with Baker Hughes’ Reservoir Development Services (RDS) group to better understand…
USCG Suspends Search for Missing Olympic Sailor
Search efforts for a missing Olympic sailor, Trevor Moore, in Biscayne Bay, Florida, were suspended Saturday evening at sunset. The Coast Guard and partner agencies…
Shell's Arctic Drilling a Threat for Pacific Walrus
A number of environmental groups are asking the Department of the Interior to rescind permission Shell has been granted to begin exploratory drilling in the Arctic…