Chassis Pools for Port of Long Beach

  Three companies that own the vast majority of chassis serving the San Pedro Bay ports are on track to activate a “gray chassis fleet” of truck-trailers on March 1,

Davie Building LNG-powered Ferries

Canadian shipbuilder Davie held a keel laying ceremony for MV Armand-Imbeau II, marking the beginning of the hull assembly for this first of two sisterships under

Rowan Reports Q4 Loss

Contract driller Rowan Cos Plc reported a quarterly loss compared with a profit a year earlier, as it wrote down the value of 12 of its oldest jack-up rigs by $438.

Statoil: Peregrino Phase II Plan Submitted

Following the sanction of the Peregrino phase 2 project in December, Statoil together with its partner Sinochem submitted the Plan of Development (PoD) to the National Agency of Petroleum,

Lithuania Looks to U.S. for Gas

Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation's dependence on Russia.

Naftogaz Sends $15 mln Gas Payments to Gazprom

Ukrainian state gas company Naftogaz has sent $15 million to Russian gas producer Gazprom for gas supplies, Naftogaz CEO Andriy Kobolev said on Friday. Earlier,

Petrobras Denies Hiring JPMorgan for License Sales

Petróleo Brasileiro SA denied on Friday that it has hired JPMorgan Chase & Co to handle the sale of oil exploration licenses in deep-sea areas off the coast this year.

Angola to Auction 15 Offshore Blocks

Angola will this year auction 15 new oil blocks in the ultra-deep offshore waters where most of its current oil production comes from, while rights to explore 10 onshore blocks will also be issued,

Watch the Shale Spread: Brent vs WTI Crude Prices

U.S. shale oil is deepening the discount of U.S. crude prices to global benchmarks, with the price gap turning into the de facto indicator of the health of American shale supply,

Asia-Europe Container Freight Rates Fell 6.5 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 6.5 percent to $938 per 20-foot container (TEU) in the week ended Friday,

PetroChina, Sinopec Merger Makes Little Sense

The market chatter over forming a giant Chinese oil major through merging PetroChina and Sinopec has ramped up again recently, but the motivations for such a deal struggle to stand up to scrutiny.

Brent up to $61, First Monthly Gain Since July

Brent premium over U.S. crude widens to $12; China's implied oil demand set to grow 3 percent this year. Crude oil futures rebounded on Friday and Brent headed

Vattenfall Win Offshore Denmark Wind Tender

Sweden's state-owned Vattenfall has won a tender to build a wind park off Denmark, which is expected to produce the world's cheapest offshore wind energy, Denmark's

Iridium Announces Manufacturing Partners for Next-Generation Broadband Service

Iridium Communications Inc. today announced the selection of four manufacturing partners that will design, manufacture and distribute products for its Iridium Certus broadband service.

Electronics Retrofit for Taiwanese Research Vessel

L-3 SAM Electronics has been awarded a contract to retrofit propulsion control and automation systems aboard the Taiwanese Navy’s Ta Kuan hydrographic and oceanographic research vessel.

Keels Laid for Two Aluminum OSVs

Triangle Marine Services and Marine Core & Charter host keel laying ceremony for two Aluminum Fast Offshore Support Vessels   UAE-based shipbuilder Triangle Marine

Van Oord, Falck Ink Safety Training Deal

Van Oord has signed a two year contract with Falck Safety Services for the provision of safety training.   Van Oord, a contractor for dredging, marine engineering and offshore energy projects,

Oil Glut Boosts Frontline

Company profits from oil supply glut; expects to be able to pay off convertible bond in April. Operating profit at Norwegian tanker firm Frontline beat forecasts

Vitol CEO: U.S. Oil Output Flattens by Mid-Year

U.S. oil production growth will probably flatten by the middle of the year as a result of a decline in oil prices, chief executive of top global oil trader Vitol, Ian Taylor, said on Thursday.

Top Drillers Face Pain, Tackle Costs

Transocean reports loss, Seadrill profit falls; Moody's cuts Transocean to junk. The world's biggest offshore drillers reported plunging earnings and orders

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