News

Weekly oil inventory data to be released this week by the American Petroleum Institute (API) and the U.S. Energy Information Administration

Firefighters battled a blaze at Venezuela’s biggest oil refinery for a fourth day today, pushing out forecasts for resuming production. Gasoline traded near a four-month high in New York.

At last, the government has started its quest to develop a liquefied natural-gas export project in the form of liquefied natural gas (LNG) export facility.

Tokyo Gas Co., Ltd. yesterday concluded with Malaysia LNG Sdn. Bhd. (hereafter "Malaysia LNG"), a Memorandum of Agreement to

It is well known that Petronet LNG Ltd has benefited from the shortage of domestic gas supplies in the country. In recent weeks

The Republic of Indonesia has formally acceded to the International Convention for the Prevention of Pollution from Ships (MARPOL Convention)

Sembcorp Marine’s subsidiary Jurong do Brasil Prestacao de Services Ltda (JDB) has secured a contract worth US$674 million

Tsuneishi Shipbuilding Co. will, on September 5th, hold the launching ceremony for 82.000 DWT KAMSARMAX bulk carrier which is being build for ASL JUPITER SHIPPING S.A.

Responding to new oil and gas industry opportunities, Foss Maritime Company will build the first three tugs in

Princess Cruises yesterday marked the beginning of construction of the second of its new generation of ships with the official keel laying ceremony at the Fincantieri shipyard in Monfalcone, Italy.

The ceremony of Delivery and Acceptance of MD096, 25.000 DWT IMO II Chemical/Product Tanker named Reinhold Schulte, was successfully carried out in the evening of 27th August.

The Government will continue to support the construction of modern ships for the Naval Forces of Ukraine.

The ability of coastal shipping to reduce congestion in landside transport has long been recognised although the relative cheapness of road haulage has, until recently

Costamare Inc. announced yesterday that it has agreed to purchase the 1997-built container vessel Messini (ex. Pembroke) and to charter the vessel for a period of approximately 18 months

In what appears to be yet another testament of the volatile nature of the spot tanker freight rate markets, with major turnarounds occuring in a few weeks.

GL Noble Denton, the global independent technical advisor to the oil and gas industry, will poll hundreds of industry professionals on the current

BP Egypt yesterday announced the Taurt North and Seth South gas discoveries in the North El Burg Offshore Concession, Nile Delta. These are the fourth and fifth discoveries made by BP

Every year in August there is a weeklong event, the Oil & Gas Conference. It’s in Denver and draws an international audience. By most accounts EnerCom is the best on the schedule.

Mohammad-Ali Khatibi, director of National Iranian Oil Company for international affairs, said on Monday that customers of Iranian crude can ship their consignments by oil tanker enjoying full insurance services

Even as U.S. crude prices are expected to touch $100 this week as the strengthening Tropical Storm Isaac threatens to disrupt offshore oil production in the Gulf of Mexico, experts say the upside will likely be short-lived, recommending investors sell into the rally.