News

London-based energy giant BP plans to invest $12 billion for the development of the Tangguh liquefied natural gas project in West Papua, an official at the state oil and gas upstream regulator says.

Israel, reliant on imported energy since the state’s foundation in 1948, now has more natural gas than it can handle.

A drop in Iranian production coupled with regional tensions were pushing oil prices higher, Kuwait Oil Minister, Hani Hussein, said in remarks published on Sunday.

The Organization of Petroleum Exporting Countries raised estimates for global oil demand to 2015 after a swifter-than-expected economic rebound.

The oil price is likely to be extremely volatile in the coming days as we get the outcome of the US Federal Reserve meeting, the ECB meeting in Europe and Non-Farm payrolls in the US. These will all have huge implications for oil and for commodities in general.

Iraqi Kurdistan’s crude oil is plentiful and easy to get at, rare among undeveloped energy resources. The man managing it, a former North Sea engineer and consultant turned politician, knows how to attract investment.

Following its sister vessel in 2009, the vessel Joseph Plateau was launched on 3 August at the Spanish shipyard Construcciones Navales de Norte in Sestao.

The National Shipping Company of Saudi Arabia (BAHRI) announces that its 80% owned subsidiary company The National Chemical

Oceanteam Shipping ASA (OTS) has concluded a refinancing of the two offshore construction vessels, CSV Bourbon Oceanteam

The National shipping Company of Saudi Arabia (Bahri) announces that its 60 percent owned subsidiary Bahri Dry Bulk has started its

JAXPORT and the TraPac Container Terminal at Dames Point marked a major milestone (Saturday morning) with the first regular

Totem Ocean Trailer Express (TOTE) has received a permit providing a conditional waiver from the current Emissions Control Area (ECA) fuel sulfur

Italian Shipping Company Ignazio Messina & C has placed an order worth USD 300 million with the Korean shipyard STX Offshore & Shipbuilding for construction of four new Ro-Ro container vessels.

MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN SHIP BREAKING YARDS:

Fairmount Marine’s super tugs Fairmount Glacier and Fairmount Summit have delivered FPSO Cidade de Anchieta in the Baleia Azul Field, offshore Rio de Janeiro

Smit Lamnalco, one of the world’s leading providers of towage and associated marine services to offshore oil and gas terminals,

On July 26, 2012, MLL colleagues Gordan Van Hook, Dave Harriss, and Steve Carmel, along with Andy McAleer of MCA Associates, met

Miclyn Express Offshore (“MIO”) announces that its Australian business, Samson Express Offshore (“Samson”), has been awarded

Maritime security issues continue to grab headlines across the shipping industry, and 2012 is on track to be a record year for growth

Air pollution from Port-related sources continues to drop as cargo rebounds at the Port of Los Angeles. New data shows that from 2005 to 2011