Latest Maritime News

UK's SFO Launches Investigation into Soma Oil & Gas

  Britain's Serious Fraud Office (SFO) has launched a criminal investigation into British exploration firm Soma Oil and Gas, which has been searching for oil in conflict-ridden Somalia.

Eletrobras to Cut Investments by 17.3%

  Brazil's state-run power company Centrais Eletricas Brasileiras SA said on Friday it plans to invest 50.3 billion reais from 2015 to 2019, a 17.3 percent reduction

Brazil: Leniency Deal with Builder in Corruption Probes

  Brazil's antitrust regulator CADE and federal prosecutors signed a leniency deal on Friday with engineering company Camargo Correa aimed at obtaining evidence

Mexican Crude Oil Output Up in June

  Mexican crude oil output in June rose nearly 1 percent from the previous month, while June crude exports slid 6 percent, national oil company Pemex said on Friday.

IEnova to Buy Pemex Stake in Pipeline JV

  Mexican energy infrastructure firm IEnova, a unit of U.S.-based Sempra Energy , said on Friday it will buy out the 50 percent stake in the pipeline company Gasoductos

On USCG Anniversary, Gov. McAuliffe Urges Hurricane Preparedness

  Gov. Terry McAuliffe encouraged Virginians to get ready for hurricane season and provided an update on the commonwealth’s preparations Friday at a press conference

Fugro Wins BG Honduras Contract

  Fugro has been awarded a contract by BG International Limited Sucursal Honduras to conduct an integrated multibeam echosounder survey and seabed coring campaign

Diana Shipping Nets 2Q Loss

  Diana Shipping Inc. today reported a net loss of $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.

Exxon Profit Falls by half to $4.2 Bln

  Exxon Mobil Corporation today announced estimated second quarter 2015 earnings of $4.2 billion, or $1 per diluted share, compared with $8.8 billion a year earlier.

Optimized Tug-Barge System Designs by Robert Allan

Optimized Tug-Barge System Designs by Robert Allan Ltd. by David R. Connand Robert G. Allan, P.Eng. Some veteran Mississippi pushboats and barges have been

WKCTC to Host Open House for ILM Institute

  West Kentucky Community and Technical College will host an open house and ribbon cutting for the Inland Logistics and Marine Institute August 10 from 4 ­– 6 p.

Ecuador Inks Supply Deal with Thailand

Ecuador's state oil company Petroecuador has signed a crude oil supply agreement with a division of Thailand's state-run PTT under which the Andean country will receive a $2.

U.S. Nuclear Operators Look to Save Plants

The U.S. nuclear industry has made a last-minute push to urge the Obama administration to protect the country's 100 nuclear units in its forthcoming carbon rule

Tumbling Prices Slam Profit at Exxon Mobil, Chevron

Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June,

Thordon Bearings Secures AK Ferry Contract

Thordon Bearings has received an order to supply its COMPAC system to two Alaska Ferry newbuilds under construction at the Vigor Industrial shipyard in Ketchikan, Alaska.

West Africa's August Crude Exports to Asia to Slip

West African crude oil exports to Asia were expected to fall to 1.84 million barrels per day (bpd) in August, Reuters data and a survey of traders showed.     Slower

Two Iranian Oil Firms off EU Sanctions List

The European Union has removed two Iranian oil companies from its sanctions list, the first such action since Iran reached a nuclear agreement with world powers earlier this month,

Bhutani Joins Solomon Associates as E&P Analyst

Experienced E&P data analyst brings expertise in upstream benchmarking methodologies to Solomon Associates. Solomon Associates (Solomon) has announced  that

IAMPE Announces Veteran & Merchant Mariner Program

The International Association of Maritime and Port Executives Veteran and Merchant Mariner Seminar Introduction and Opportunities, The Modern Port Industry. The

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