The oil price drop has not discouraged investment in rival wind power as much as feared, the chairman of Danish Vestas Wind Systems said on Monday.
Sea Star Line, LLC has entered an agreement to on-hire another barge to add to its current service package for shipments from Jacksonville to Puerto Rico.
Norfolk, UK-based offshore site investigation company Calecore has entered into administration, the company announced today.
Joint administrators Matt Howard
Rand Logistics, Inc. announced today that it has closed a $170.0 million revolving loan facility which refinanced approximately $102.0 million of the company's
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Monday as rates rose for vessels across all segments.
Sales tax receipts in the thriving oil town of Midland, Texas, fell this month, only the third decline in five years and one of the first signs of how low oil prices
The EU's TEN-T Program will back with over $976,000 a study and pilot deployment of automated road and rail gates in the Port of Ravenna in Italy.
The new ICT-based
Maersk Line selected Transas Marine for ECDIS implementation on more than 100 vessels.
The contract features Transas state-of-the-art Navi-Sailor ECDIS 4000
The cash reserves at Russia's third-largest oil producer Surgutneftegaz have swelled 80 percent to 1.8 trillion roubles ($31.2 billion), company data and Reuters calculations showed on Monday.
Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered a KFELS B Class jackup rig to Mexican national oil company,
With North Sea producers reeling with the impact of the oil price collapse and jobs and spend being slashed, on March 18th the UK Chancellor of the Exchequer announced tax cuts.
An Iran nuclear deal could bring new oil supply; more price falls seen as U.S. stocks are sold off.
Oil prices fell on Monday as officials from Iran and six
Russia's Eurasia Drilling said on Monday it had agreed to extend a deadline on a proposed deal to sell a stake to international oilfield services firm Schlumberger from March 31 to April 30.
India has rejected a request from BP Plc to be allowed to sell jet fuel to the booming aviation market in Asia's No. 3 economy, saying it did not meet the conditions necessary,
The tech geeks are coming to the oil industry's rescue.
With the price of crude plumbing lows not seen since 2009, Royal Dutch Shell, Whiting Petroleum Corp
CMA CGM, the world's third-largest container shipper, announced on Monday plans to order three giant vessels and said higher volumes and profit last year showed
It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals,
Hedge funds increased their bets on rising Brent crude oil prices last week to their highest since July 2014, exchange data showed on Monday, in a sign large speculators
It's somewhat ironic that as Australia ramps up to being the world's biggest exporter of liquefied natural gas (LNG), domestic industries are under threat from not being able to source the fuel.
Oil production at Vankor oilfield, one of the largest deposits controlled by state-run Russian top oil producer Rosneft , may start declining next year, a top official at the company told reporters.