China Supreme Court says Mitsui pays about $29 mln; Ship released about 0030 GMT Thursday. Ship was seized over dispute dating back to 1930s. Advisor to plaintiffs says will likely demand more money.
New supplier CMM Gravity to start on long-term contract with Petrobras.
CMM has taken delivery of a Damen Platform Supply Vessel 3300. The 80-meter, 3,300t deadweight
It all began with a pre-World War II contract between China's then "ship king" and a Japanese company to lease two Chinese freighters.
When the one-year lease was up in 1937,
Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,
Ecochlor, Inc. announced that it has completed a $10 million equity financing to support its growth into the burgeoning ballast water treatment market. Since its formation in 2001,
More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off,