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McDermott Starts Construction at Aramco Maritime Complex
Wednesday, February 26, 2020 Dignitaries pose for a photo before breaking ground on McDermott's new fabrication facility in Ras Al-Khair, Saudi Arabia. PHOTO SOURCE: PRNewsfoto/McDermott International, Inc.
Coast Guard Okays LNG Bunkering Vessel Design
Tuesday, February 25, 2020 Above is a rendering of a Q-LNG ATB vessel designed to carry 8,000 cubic meters of LNG. IMAGE SOURCE: Harvey Gulf International Marine
Crew Kidnapped from Oil Tanker
Friday, February 21, 2020 Reporting indicates that the Alpine Penelope crude oil tanker has been attacked while in transit towards Lagos.
Eni Unit to Develop Plastic Waste Recycling Tech
Wednesday, February 19, 2020 Eni's Versalis subsidiary and the Italian engineering firm S.R.S. are developing a technology to chemically recycle plastic waste.
Oil Bounces Back from One-Year Low
Tuesday, February 11, 2020 Oil bounced back from a one-year low in New York but the emergence of a glut since the coronavirus outbreak loomed over the market.
Mermaid Sets Up UK Subsidiary
Monday, February 10, 2020 Thailand-headquartered Mermaid Maritime Public Company Limited has incorporated an indirect wholly owned subsidiary in the UK.
Shipping Gets Smashed by Coronavirus
Monday, February 10, 2020 The shipping industry tends to do badly when Chinese demand disappoints, but the outbreak of the coronavirus has done more than just damage the amount of cargo that needs to be transported.
Ocean Infinity Launches Pioneering New Company
Tuesday, February 04, 2020 Ocean Infinity has announced the launch of a new, 'pioneering' marine technology and data company called Armada.
Ammonia-Fueled Supply Vessel on the Drawing Board
Friday, January 24, 2020 Equinor announced Thursday that the world's first carbon-free ammonia-fueled supply vessel is on the drawing board.
Seadrill Rig Order Goes to Semco
Friday, January 24, 2020 This photo shows the Seadrill-operated West Bollsta harsh-environment rig, which will mobilize on the Norwegian Continental Shelf. PHOTO SOURCE: Semco Maritime.
Snake Oil Goes Mainstream
Monday, January 20, 2020 An obscure part of the global marine-fuel market, once viewed as having little value for most shippers, is about to have its day.
Prized Crude Offered Near $100 on New Ship Rules
Thursday, January 09, 2020 Just shy of $100 a barrel - that's the asking price for a type of crude that's become prized thanks to the scramble for cleaner-burning fuels.
Hormuz Oil Flow Disruption Efforts Very Likely
Wednesday, January 08, 2020 Continued efforts to disrupt the flow of oil through the Strait of Hormuz are very likely, according to Verisk Maplecroft.
Oil Shippers Raise Offers for Middle East Route
Wednesday, January 08, 2020 Owners of oil tankers are boosting their rates to haul crude on a key route from the Middle East as risks in the Gulf escalate.
Sailors Kidnapped from Greek Tanker
Tuesday, December 31, 2019 Five Greeks, two Filipinos and a Ukrainian were abducted by unidentified assailants from the Greek-flagged tanker 'Happy Lady'.
MF Bags 2 Deepwater Gulf of Mexico OBN Projects
Monday, December 30, 2019 Magseis Fairfield has been awarded two consecutive deepwater ocean bottom node projects in the Gulf of Mexico by 'an undisclosed repeat customer'.
Kidnapped SPO Crew Released
Thursday, December 26, 2019 SPO revealed that the seven crew members of the Pacific Warden who were said to have been taken by attackers in November offshore Equatorial Guinea have been released.
Damen Shipyards Group Appoints New CEO
Monday, December 23, 2019 Damen Shipyards Group revealed Monday that Arnout Damen will become the new CEO of the business.
Oil Tanker Attacked in West Africa
Monday, December 16, 2019 An oil tanker was attacked on Sunday in West Africa's Gulf of Guinea and most of its crew were kidnapped.
Solstad Announces Several Contract Awards in Dec
Friday, December 06, 2019 Solstad Offshore ASA has announced several contract awards this month already.
Sludgy Crude Oil Gets Surprising Price Boost
Tuesday, November 26, 2019 One of the world's sludgiest crudes is getting a curious price boost just weeks before the introduction of ship-fuel rules that were expected to sap demand for heavier oil.
SPO Crew Kidnapped Offshore Equatorial Guinea
Monday, November 25, 2019 The Pacific Warden Anchor Handling Tug Supply Vessel has been attacked offshore Equatorial Guinea.
Shippers Struggling to Get 2020-Compliant Fuel
Tuesday, November 19, 2019 Ships hauling everything from iron ore to coal and grains are struggling to obtain the fuels they need to test them in time for the start of sweeping environmental legislation.
TechnipFMC Announces Intent to Sell Vessel
Wednesday, November 13, 2019 TechnipFMC has announced its intent to sell the G1201 vessel.
U.S. Keeps Eye on Iran Oil Buyers
Wednesday, October 30, 2019 The U.S. has a message for buyers of sanctioned Iranian crude - we're watching you.
Small Ships Next Big Thing for $150B LNG Market
Wednesday, October 09, 2019 The next expansion opportunity may come from ships a seventh of the normal size.
China Oil Imports from Ship to Ship Transfers Surge
Tuesday, October 08, 2019 Chinese oil imports from ship-to-ship transfers surged last month.
Seized Oil Tanker Released
Monday, September 30, 2019 The Stena Impero vessel has been released, Erik Hanell, president and CEO of Stena Bulk, has confirmed.
Iran State Media Say Tanker Has Left Iranian Port
Friday, September 27, 2019 Iranian state news agencies aired footage on Friday of what they said was the British-flagged tanker Stena Impero leaving an Iranian port.
Iran Says it is Ready to Release Oil Tanker
Monday, September 23, 2019 Iran has completed all legal procedures necessary to release a UK-registered oil tanker it seized more than two months ago, a government spokesman said.
Iran to Release UK Flagged Oil Tanker
Monday, September 16, 2019 Iran said that it will release a UK-flagged oil tanker it has detained for nearly two months.
Venezuela Cannot Find Vessels to Ship Its Oil
Friday, September 13, 2019 Exports of sanction-hit Venezuelan oil now face a new concern.
Iran Oil Exports to Withstand Renewed US Pressure
Tuesday, September 10, 2019 Iranian oil exports will withstand renewed U.S. pressure, according to a new research note from Fitch Solutions Macro Research.
Iran Dark Tanker Fleet Poses Biggest Industry Mystery
Monday, September 09, 2019 Serious oil watchers remain absorbed by a big mystery.
Crew of Seized Oil Tanker Set for Release
Wednesday, September 04, 2019 Iran is releasing seven of the crew on board the UK-flagged ship it seized in July.
Heavy Oil Premiums Shrink
Tuesday, August 27, 2019 A plunge in fuel oil margins driven by impending environmental rules for shipping is beginning to take its toll on heavier grades of crude.
Iran Oil Tanker Makes Distress Call
Wednesday, August 21, 2019 The Iranian oil carrier Helm experienced technical issues in the Red Sea off the Saudi port of Yanbu and the crew is working to resolve the issues, according to the National Iranian Tanker Co.
Iran Warns US Against Seizing Oil Tanker
Monday, August 19, 2019 Iran warned the U.S. against apprehending a supertanker carrying the Middle East country's oil.
US Seeks to Block Release of Oil Ship
Thursday, August 15, 2019 The U.S. is seeking to block authorities in Gibraltar from releasing the supertanker Grace 1.
Oil Reverses Drop Following China Yuan Fix
Tuesday, August 06, 2019 Oil reversed a decline as China's central bank set the yuan fixing stronger than expected.
Oil Drops as Demand Fears Dwarf Tanker Seizure
Monday, August 05, 2019 Oil resumed its decline as a sharp drop in the Chinese yuan compounded fears that a deepening trade war will depress demand.
Iran Seizes Small Oil Tanker
Monday, August 05, 2019 Iran's Revolutionary Guards seized a foreign oil tanker in the Persian Gulf on July 31.
UK Union Launches App for Offshore Workers
Tuesday, July 30, 2019 UK union RMT has launched a new app for offshore energy workers.
Oil Near $56 as Hormuz Tensions Simmer
Monday, July 29, 2019 Oil traded near $56 a barrel as the U.K. deployed a warship to the Strait of Hormuz to help escort commercial ships.
Crew of Seized Oil Tanker in Good Health
Monday, July 29, 2019 The crew members of the seized Stena Impero vessel are in good health, according to a statement posted on Stena Bulk's website on Sunday.
Oil Holds Loss on Growth Gloom
Thursday, July 25, 2019 Oil held its biggest loss in a week as signs that growth is slowing in major economies overshadowed the longest run of declines in U.S. crude stockpiles since the start of 2018.
MMA Offshore to Acquire Neptune Marine Services
Wednesday, July 24, 2019 Australia-based MMA Offshore Limited entered into an agreement to acquire Neptune Marine Services Limited's key operating subsidiaries for A$18.5 million (US $12.9 million).
Oil Advances on Iran Tension
Tuesday, July 23, 2019 Oil rallied for a third day as heightened tensions in the Persian Gulf threatened to disrupt energy flows from the crude-rich region.
US Sanctions China State Oil Trader
Tuesday, July 23, 2019 The U.S. has sanctioned a Chinese state oil trader for violating restrictions on Iranian crude.
IEA Stands Ready to Act
Tuesday, July 23, 2019 The International Energy Agency is closely monitoring developments in the Strait of Hormuz and is ready to act to ensure global markets remain adequately supplied.