Elomatic Ltd and Deltamarin Ltd have signed a tri-party engineering contract with shipbuilder MV Werften for the design of Star Cruises’ new Global Class “mega passenger ship,
Chevron Corp, the second-largest U.S.-based oil producer, posted a second-quarter loss on Friday, its largest since 2001, due to the slump in crude prices and refining income.
Cancelled order part of Statoil's Bressay project.
South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd on Friday said a 1.58 trillion won ($1.41 billion)
MidEast, West Africa rates hit 11-month low.
Freight rates for very large crude carriers (VLCCs), which hit an 11-month low this week, could slide further next
Exxon Mobil Corp, the world's largest publicly traded oil producer, said on Friday its quarterly profit tumbled 59 percent due to the slump in crude prices.
The company posted net income of $1.
Middle distillates remain the one ray of hope for U.S. oil refiners still struggling to clear a glut of gasoline caused by over-production earlier in the year.
Statoil aims to offset declining output from mature fields.
Norway's Statoil agreed on Friday to buy Petrobras' stake in an exploration licence off Brazil for $2.
Phillips 66's quarterly profit halved as an oversupply of gasoline and diesel hurt its refining margins.
Earnings from Phillips 66's refining business plunged 75.
Subsea services provider to the oil and gas industry Bibby Offshore announced that it has secured a multimillion pound contract with an independent UK-based E&P
California's power grid operator extended its call for consumers to conserve electricity into Thursday as a heat wave continued to bake the state, especially the inland cities.
Marathon Petroleum Corp posted a better-than-expected quarterly profit, helped by lower operating costs and robust demand for gasoline during the summer driving season.
Owners anchoring ships rather than fix at low rates. W. Australia-China capesize rates hit over two-month low.
Freight rates for large capesize dry cargo ships
Brent and WTI crude oil hit lowest levels since April; high crude output, refined product glut drag on prices.
Oil prices steadied just above three-month lows
TransCanada Corp, Canada's second-largest pipeline company, reported a 14.9 percent decline in quarterly profit due to costs related to its acquisition of Columbia Pipeline Group.
Baker Hughes Inc reported a bigger-than-expected quarterly loss, hurt by lower drilling activity and pricing, and the oilfield services provider said it did not
India has inked a deal with the US defence and aerospace giant Boeing to procure four more Poseidon-8I (P-8I) long-range surveillance and anti-submarine warfare
Focal Technologies, a Moog Inc. company, said it has been contracted to supply Scotrenewables Tidal Power Ltd. with a 6.6 kV electrical slip ring for the company’s new tidal turbine.
Trelleborg’s engineered products operation announces it has been awarded a contract by Petrofac for its first floatover installation of an offshore converter platform - BorWin3 wind farm project.
Cyprus received expressions of interest from ENI, Total, Statoil, Exxon Mobil, Qatar Petroleum, and Cairn in a licensing round for offshore hydrocarbon blocks which lapsed last week,
Glaucus questions how Itochu's classifies some investments.
Japan's Itochu Corp became the target of short-seller Glaucus Research Group on Wednesday with a