Contracts

SAAM SMIT Towage Brazil Signs on with Helm

Helm Operations has signed on Brazilian harbor services company SAAM SMIT Towage to its Helm Marine Operations software to manage its billing and dispatch.    SAAM

Siemens Wins Vessel Electrical Installation Contract

Nautilus Minerals Inc. announces that the order for the supply of the entire electrical installation for the production support vessel has been awarded to Siemens International Trading (Shanghai) Ltd.

New Domestic Ferry for Faroe Islands Service

Third generation domestic ferry for service between Nólsoy and Tórshavn in the Faroe Islands.   According to the vessel's designer, this project is the second

CWind Orders More Composite Workboats

CTruk has won an order for two more of its 22m multi-purpose catamaran Wind Farm Service Vessels (WFSVs). Both will be delivered to offshore wind service supplier

Stena Bulk Charters Out LNG Carrier

Stena Bulk has signed an agreement covering the charter of the LNG carrier Stena Blue Sky for the North West Shelf Project in Australia. The duration of the

PDVSA Wants Harvest Out, With Conditions

Venezuela would prefer oil company Harvest Natural Resources Inc to leave the OPEC nation, but wants it to sell a project stake to a company with financial muscle to make major investments,

Vens Push New OPEC Oil Blending Strategy

PDVSA head Del Pino says aim is to increase market competitiveness. Venezuela has launched talks this month on a novel plan to blend the country's heavy crude with light oil from other OPEC allies,

'Ducks' and Oil: Near Term US Crude Deluge Unlikely

Conventional wisdom holds that come June a pending $5.3 billion tax break in the No. 2 U.S. oil producing state, combined with a modest uptick in oil prices, will

Speculators Divided Over U.S. Oil Prices: Kemp

Despite the surge in U.S. oil prices, hedge funds are still divided about what will happen next, according to the latest data from the Commodity Futures Trading Commission (CFTC).

Petrofac Expects Further Loss on Shetland Project

Shares fall as much as 14 pct. Petrofac Ltd said its loss on the Laggan-Tormore project in the Shetland Islands would now be larger than it expected, highlighting

Gazprom Chief Heads to Athens for Energy Talks

The head of Russian gas giant Gazprom Alexei Miller will be in Athens on Tuesday for talks with Greek Prime Minister Alexis Tsipras and Energy Minister Panagiotis Lafazanis,

Acquisitions, Mergers Show Changing LNG Dynamics

Nothing shows the changing nature of the global liquefied natural gas (LNG) market than the creation of super-sized producers and buyers. The $70 billion merger

Halliburton Posts Quarterly Loss

Halliburton Co, which is buying smaller oilfield services provider Baker Hughes Inc for $35 billion, posted a quarterly loss compared with year-earlier profit as it took $1.

Brent Crude Long Positions at New Record

Hedge funds and other money managers raised their bets on rising Brent crude oil prices last week to a record level, in the biggest weekly increase since December, exchange data showed on Monday.

Oil Falls as Saudi Output Nears Record High

Saudi oil production "around 10 million" bpd in April. U.S. rig count falls for 19th straight week. Oil prices fell to under $63 a barrel on Monday after Saudi

Halliburton Warns of International Headwinds

Halliburton Co warned of headwinds in its international operations and pricing pressure for its oilfield services in North America, its largest market, as an extended

MacGregor Inks Deal with Grupo CBO

  MacGregor, part of Cargotec, has secured a contract with the Brazilian shipowner and shipbuilder Grupo CBO. The contract is to supply Triplex deck handling equipment

U.S. Ports Expands to be with Panama’s $5 Billion Canal Upgrade

 A report in the USA Today says that the U.S. ports are busy deepening harbors and building bigger terminals to draw the bigger ships. Across the USA, public ports

Termination of Seadrill Unit's and Rosneft Deal Extended

 North Atlantic Drilling (NADL), a subsidiary of Seadrill, will delay the closing of a deal with Russia's Rosneft by two years and has agreed to renegotiate the terms of the agreement,

China's Shenhua Signs First Coal Trade Deal with Mongolia

  China's biggest coal producer, the Shenhua Group, has signed a deal to buy 1.2 million tonnes of high-grade coking coal from Mongolia, a move that could help

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