News

Trai Thien USA today announced that, due to growing demand for the Company’s services, it has signed six long-term

At least two onshore oil blocks will be awarded to multinational firms for development on production sharing basis by the year-end, even as plans are afoot to re-tender offshore block 18

Danish Underground Consortium's (DUC) oil output from Denmark's part of the North Sea fell about 1.6 percent in September from the previous month, operator A.P. Moller-Maersk (MAERSKb.CO) said on Wednesday.

Global oil demand may be more robust than expected, even with a slowdown in economic growth in the United States and Europe, the chief economist of the International Energy Agency (IEA) said.

Moscow and Beijing are discussing increased deliveries of oil to feed the Tianjin refinery, a joint project between Russia's Rosneft oil company and China National Petroleum Corporation (CNPC),

The South Yolotan region of Turkmenistan is the second largest gas field in the world as per the audited figures unveiled by Gaffney, Cline & Associates.

The National Iranian Offshore Oil Company (NIOOC) plans to simultaneously develop six new gas fields in the Persian Gulf with the in-place gas reserves of 25.7 trillion cubic feet, a report says.

China plans to produce 6.5 billion cubic metres (bcm) of shale gas by 2015 and aims for 80 bcm by 2020, an official with top Chinese oil and gas producer China National Petroleum Corporation (CNPC)

In the Interim Management statement dated 11 May 2011, A.P. Møller - Mærsk A/S announced its intention to sell its LNG business as it wished to reallocate resources to strategic

Cheniere Energy Inc. (LNG)’s Sabine Pass terminal in Louisiana is scheduled to receive a cargo of liquefied natural gas Oct. 18, according to vessel tracking data compiled by Bloomberg.

Aker Solutions has been awarded contracts for the supply of Pusnes offshore loading systems for ten shuttle tankers that will operate in Brazil and Norway. The total contract value for Aker Solutions is approximately NOK 150 million.

Seismic operator Dolphin Geophysical renews the charter party regarding the seismic vessel “Polar Explorer” with 12 months, starting from January 2012.

Germany’s chief naval base during two world wars will be transformed into its only deepwater port as part of a 950 million-euro ($1.3 billion) plan to stop a new generation of container “superships” diverting to Rotterdam.

Russia is pledging to spend billions on icebreakers and search and rescue bases along the country’s Northern Sea route to help turn it into a major shipping lane capable of supporting tankers and cargo ships.

Nigerian pirates hijacked tanker Cape Bird with three Russian crewmen on board, reports website of Russian Guild of Sailors.

JSC United Shipbuilding Corporation (USC) has placed an order for two platform supply vessels at St. Petersburg-based Baltic Shipyard​​. The ships will be built for Gazprom, USC’ head told journalists.

Australia’s Minister for Defense Stephen Smith and Minister for Defense Materiel Jason Clare have announced that the Royal Australian Navy​

Teekay LNG Partners L.P. today announced that its joint venture with Marubeni Corporation has agreed to acquire ownership interests in eight liquefied natural gas

Ocean carriers and charter shipowners have placed orders worth $57 billion for new container vessels over the next four years, with about half of the value of orders made as the industry emerged from a slump in 2009, said Alphaliner.

Saudi Arabia will keep the crude oil supply volume to its Asian and European customers in November steady from October, sources said, ahead of the northern hemisphere winter