Latest Maritime News

Kuwait Petroleum International says Oil prices to reach $50 a barrel mid-2017

Kuwait Petroleum International said on Saturday oil prices could reach a range of $50 to $60 a barrel by mid-2017, the official Kuwait news agency reported. The

Nord Stream II to be Implemented on Schedule - Gazprom CEO

The Nord Stream II pipeline project will be implemented on schedule by the end of 2019 and laying of pipes for the project will start next year, Alexei Miller, chief executive of Russia's Gazprom,

Brazil's CEEE to sell stakes in Wind Farms, Dams

Brazil's Companhia Estadual de Energia Elétrica (CEEE), a power utility controlled by the state of Rio Grande do Sul, will sell assets including stakes in wind farms,

Chile Exports Electricity to Argentina for First Time

Chile begun selling electricity to neighboring Argentina for the first time ever on Friday, said local power producer AES Gener SA, which owns the transmission line used for the transfer.

Pemex Taps Alternative Funding Source in KKR Loan

 A US$1.35bn loan to finance KKR's purchase of Pemex assets could be the first of several such transactions as the Mexican state-owned oil company seeks to tap alternative funding sources.

N.E. Fishermen Warned of Extreme Cold, Wind Chills

The Coast Guard is urging the Massachusetts and Rhode Island fishing fleet to take caution heading into the weekend when life threatening temperatures and wind chills are forecasted.

Europa Wins Licensing Option in offshore Ireland

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, announced that it has been awarded

Hapag-Lloyd Enhances Conosur Service

Hapag-Lloyd has informed about its service enhancements on the Conosur Service (South America West Coast to South America East Coast). This is being upgraded by

SBM Offshore Dividend Returns in 2015

Financial Highlights   * Directional revenue in line with expectations at US$2.6 billion   * Underlying Directional1 EBIT of US$348 million and underlying EPS of $0.

Indiana Ports Sets Cargo Record in 2015

State's three ports handle 12 million tons for first time in 54-year history  INDIANAPOLIS (Feb. 11, 2016) - The Ports of Indiana handled over 12.2 million tons of cargo in 2015,

Green Appointed President, Chevron Asia Pacific E&P

Chevron Corporation (NYSE:CVX) today named Stephen W. Green president of Chevron Asia Pacific Exploration and Production effective April 1, 2016. Green, 58, succeeds Melody B.

DARPA All Set To Launch Submarine Hunting Drone

 The Defense Advanced Research Projects Agency (DARPA) will launch in April a sleek, 132-foot warship from Portland, OR, testing its abilities over a succeeding period of 18 months.

Submarine Tourism in Turkey's Waters

 The first tourist submarine in Turkey is waiting to be sent on a voyage that will reveal the wonders of the undersea world of the Mediterranea.   The first submarine

Cautious Optimism on Pacific NorthWest LNG Report

 Canadian Environmental Assessment Agency (CEAA)  has ruled that Pacific NorthWest LNG’s project in British Columbia would likely harm harbour porpoises and contribute to climate change,

Premier Oil and Rockhopper Abandon Ocean Rig Contract

 Two of the major British players in Falkland Islands offshore oil development, Premier Oil and Rockhopper Exploration, cancelled a joint venture contract with Ocean Rig UDW.

UPS Oposes CP-NS Merger

 UPS, one of North America’s largest intermodal shippers, has told federal regulators that it is against Canadian Pacific Railway's (CP's) proposed acquisition of Norfolk Southern Corp.

DP World Bolsters Investment in India

 DP World Pvt. Ltd, the world’s fourth biggest container port operator majority owned by the Dubai government, has plans to invest over $1 billion in India for augmenting its port-related operations.

All-Women Crew Indian Navy Ship Enters Chennai Port

 The Indian Navy said on Saturday that its sailing vessel Mhadei, having an all-women crew of naval officers, has entered the Chennai Port.    The vessel which had left Visakhapatnam on February 9,

Andy Lawrence Joins T&T Salvage

Andy Lawrence has signed on to bring his background and experience to T&T Salvage’s global response team, where he will have the opportunity to apply his know-how and grow professionally,

New AUV from RTsys: COMET

RTsys, specialist in underwater acoustics, has revealed the results of a four-year development combining acoustics and underwater robotics. RTsys has developed a next generation AUV,

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