News

Damen Shipyards and Smit Lamnalco have today signed a contract for delivery of three tug boats.

As officials from the United States and other oil-consuming countries contemplate another drawdown from strategic reserves

Russian leaders hailed their powerful energy industry on Sunday as the country posted a post-Soviet record high rate of oil production that should boost coffers in

Iraq's Kurdistan will keep pumping its share of national oil exports until September 15, extending a deadline for the central government to make disputed payments to companies working in the autonomous region, Kurdish sources said on Saturday.

Kuwait is assumed to have achieved actual oil revenues during the first five months in the amount of about KD11.3 billion, said a report by Al-Shall Economic Consultants Saturday.

A cooler-than-usual start to Japan's summer this year has reversed the trend of Asia's year-on-year spot LNG price gains for the first time since 2009, an analysis of Platts price data and weather information showed.

British oil giant BP is expected to invest a whooping $24 billion for the first phase full-field development of its block 61 tight gas fields in north-central Oman.

Asian liquefied natural gas (LNG) LNG-AS spot prices slipped below $13 per million British thermal units (mmBtu) for October deliveries this week as a third month of weak demand shielded the market from a string of supply losses.

Iraq will make future energy exploration contracts more lucrative in a bid to lure a greater number of foreign firms to auctions for exploration blocks, a spokesman said on Sunday.

The discovery along Africa's east coast of the world's biggest gas finds in a decade threatens to undo investment plans on the other side of the Indian Ocean.

Asia's demand for natural gas may be insatiable and a case existed for the construction of at least a few more multi-billion dollar gas-export projects in Australia

Gearbox specialist Mekanord is now launching a gearbox which is up to 30 % lighter than traditional ones. The new product

On Thursday (August 30, 2012), McDermott International, Inc. announced that it will build another high capacity reeled pipelay vessel with top-tier payload capacity, tentatively named Lay Vessel 108 (“LV108”).

Unifeeder A/S announced that it has reached agreement to acquire Feederlink Shipping & Trading b.v. (Feederlink) from Irish Continental Group, plc (ICG).

After 12 months of research and analysis, Lloyd’s Register has concluded its 2011-12 study on LNG bunkering and newbuilding demand for deep-sea shipping.

On the first of August 2012 product-carrier SCF Neva (DWT – 47,125 tons, year of construction – 2006, ice class – 1A) started

Funding and operating “green” ships which can be used worldwide without restrictions is a very important task

Höegh LNG Holdings Ltd. announced that it has been selected the preferred bidder for the floating LNG import terminal (FSRU) sponsored by Colbún S.A. and AES Gener S.A. (the “Client”) in Chile.

IHC Merwede has successfully launched the largest backhoe dredger in the world on 31 August 2012. The name of the vessel will be revealed

Tognum to make upgraded MTU Series 4000 workboat engines available summer 2013. Tognum will enhance its MTU Series 4000 Ironmen workboat engines for compliance with US EPA Tier 3 emissions regulations.