News

Uganda expects to start refining crude oil from its fields in 2014 and the proceeds will help end the economy's dependence on donor aid, its president said.

In January-May 2011, State Oil Company of Azerbaijan exported 2.066bn cubic meters of natural gas, according to sources in the company.Export of gas was at 293.3m cubic meters

Russia's fifth-largest oil producer Gazprom Neft expects its net profit to rise 73 percent this year to $5.4 billion, a source who had seen the company's presentation told Reuters on Tuesday.

Navigation safety and environmental protection in the Straits of Malacca and Singapore could further improve following a detailed investigation into accident reports by the International Chamber of Shipping (ICS).

South Boats Special Projects Ltd. and Offshore Wind Services BV announce the two companies have signed a contract for the construction of a pair of South Catamaran

Wilhelmsen Ships Service (WSS) has launched a new integrated service solution for vessels within and passing through the Straits of Gibraltar.

CWind has taken delivery of the first of the three support vessels contracted to fulfil a deal with Siemens.

Vosta LMG BV, one of the world’s biggest dredging technology firms, has tied up with Chennai-based Tebma Shipyards Ltd to build dredges, or special ships that are used to deepen the channels of ports and harbours.

Aker BioMarine has entered into an agreement with Krillsea Group AS to acquire the vessel Thorshøvdi for approximately NOK 138.9 million.

The Shipping Corporation of India Ltd. (SCI) accepted delivery of a 80 T BP Anchor Handling, Towing & Supply vessel “m.v. SCI Ratna” on October 14th 2011.

Golar LNG Limited announced today that it has agreed principal terms in connection with a time charter for one of its modern LNG carriers, the

Maersk Tankers, the tanker shipping unit of Danish shipping and oil group A.P. Moller-Maersk (MAERSKb.CO), said on Monday it would lease two vessels from Korean shipping management company Cido Shipping.

ATWOOD OCEANICS, INC., announced that on October 15, 2011, Alpha Eagle Company, a wholly-owned subsidiary of Atwood Oceanics, Inc., entered into a turnkey

The Port of Corpus Christi and the Tianjin Port​ (Group) Co., Ltd signed a memorandum of understanding yesterday ( October 18th). The Tianjin Port

Russia's United Shipbuilding (USC) has ordered a pair of platform supply vessels at St Petersburg-based Baltic Shipyard.

Denmark-based Vestas has secured an order to supply 99 turbines with a total capacity of 178MW for two wind-energy projects in south-western Ontario, Canada.

DONG Energy has signed a sales and purchase agreement with Shell UK to acquire 100% of the shares of Shell Gas Direct for £30m.

ABB has secured a $36m contract from Aker Solutions to provide equipment for the world's first subsea power distribution system from onboard the Asgard A floating vessel off the northern coast of Norway.

Iranian Oil Minister Rostam Qasemi says the country's crude oil output should increase to 5.2 million barrels per day by 2015 through exploiting joint oil fields.

Libyan oil production has resumed more quickly than expected, but the country still has enormous political and technical obstacles to surmount before the situation returns to normal, experts said.