Russia's rouble and shares hit new lows on Friday as oil prices collapsed after OPEC decided to leave its output unchanged despite heavy oversupply.At 1000 GMT, the rouble was around 2.2 percent below the previous close at 49.72 roubles per dollar…
Royal IHC (IHC) has today successfully launched Subsea 7's 550t pipelaying vessel, Seven Rio, at its shipyard in Krimpen aan den IJssel, The Netherlands. The naming ceremony was performed by Mrs Anelise Lara, Petrobras Executive Manager for the Libra Project…
Rolls-Royce has won a £12 million order to provide design, integrated power and propulsion systems and equipment for a highly advanced multipurpose service vessel for the Norwegian ship owner Myklebusthaug Management to be built at the Beşiktaş Shipyard in Turkey…
Classification society DNV GL recognised that E.R. Schiffahrt has retrofitted seven ultra large container vessels to meet the highest energy efficiency standards and improve its cargo capacity through the DNV GL Modification Excellence Award…
Norwegian ship builder Kleven has secured a new contract for a high specification, 116-metre long Expedition Support Vessel. The order is placed by Mr Graeme Hart, who currently has another vessel of the same type under construction at Kleven Verft…
The race is on in global maritime circles to be the “world’s first” in every aspect of environmental friendliness, particularly in regards to the incorporation of LNG as fuel onboard commercial ships.There was yet another “world first” today…
A new series of six Anchor Handling Tug Supply vessels to be built at the Kleven Verft AS in Norway for the Danish based Maersk Supply Service A/S - part of the A. P. Møller-Mærsk Group, will feature fully integrated solutions from Wärtsilä…
Zargon Oil & Gas Ltd. announces that it has entered into a definitive purchase and sale agreement to sell its Hamilton Lake property for $25 million. Property DispositionZargon has entered into an agreement to sell its petroleum and…
SENER presents the module for the ship General Arrangement definition in FORANSENER took part once again in the Annual Society of Naval Architects and Marine Engineers (SNAME) Convention in the U.S., this time in Houston from October 20-24…
Reach Subsea has secured a deal worth up to $10.3 million with Technip to provide remote-operated vehicle services on a newbuild subsea construction vessel to be supplied by Eidesvik Offshore.Eidesvik Offshore and Reach Subsea have in…
Media pressure, and particularly the posting of unverified stories on social media, has become a significant factor in major maritime search and rescue (SAR) events.Bruce Reid, CEO of the International Maritime Rescue Federation (IMRF) told…
SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore south Vietnam (Blocks 01/97 & 02/97, Blocks 10&11.1, Block 46-CN) for a total purchase price of US$400 million…
Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.The rig contract will cease with effect from 21 November 2014…
Former chief of car maker Peugeot Philippe Varin confirmed that the French government plans to propose him as chairman of state-controlled nuclear group Areva's new executive board.'You know I am being considered to become chairman of Areva…
Offshore workers will for the first time be able to access their training records at the touch of a button wherever they are in the world thanks to a new mobile application which launched November 19. Oil and gas skills organization OPITO…