Mitsui O.S.K. Lines, Ltd., today announced that its group ship management company for dry bulkers, Magsaysay MOL Ship Management, Inc. has acquired certifications from Nihon Kaiji Kyokai, for Energy Management Systems (ISO50001*1) and Environmental Management Systems (ISO14001*2) on June 18…
The hijacked oil tanker Orkim Harmony has been released by pirates, who fled in the ship's rescue boat, Malaysian navy and maritime officials said on Friday. The Orkim Harmony, hijacked on June 11 off the Malaysian coast by pirates reportedly armed with pistols and machetes…
Drydocks World, provider of maritime and offshore services to the shipping, oil, gas and energy sectors, showcased its global services, projects and infrastructure to an international audience at the 50th Nor-Shipping Exhibition in Oslo from June 2-5…
Rig workers on two Norwegian oil fields plan to strike from June 25 unless a wage settlement with employers is reached during talks with a state appointed mediator, labor union Safe said on Thursday.101 workers on the Petrojarl Varg vessel…
National Oilwell Varco Inc., the largest U.S. oilfield equipment maker, said it will cut its Norwegian workforce by 1,500 by the end of this year as low oil prices have reduced investments. It plans to cut 900 permanent jobs and 600 contractors…
Euronav has entered into an agreement for the acquisition through resale of four VLCCs which are completing construction at Hyundai Heavy Industries for an aggregate purchase price of $384 million or $96 million per unit. The vessels are due to be delivered as early as September 2015…
PETRONAS achieved another milestone with the official steel cutting of its second floating liquefied natural gas facility, the PETRONAS Floating LNG2 (PFLNG2) in a ceremony held on 11 June 2015 at the Samsung Heavy Industries (SHI) Shipyard in Geoje Island…
The International Energy Agency (IEA) says prospects for British Columbia’s nascent LNG sector export projects have ‘darkened’ and deferrals are likely. British Columbia faces intense competition from the rest of the world in developing…
Unique Group, an integrated turnkey subsea and offshore solution provider, has collaborated with Singapore –based KBA Training Centre (KBAT) to offer a series of health, safety and diving courses in the United Arab Emirates (UAE). KBAT is…
The maritime industry was front and center yesterday in Washington, D.C., as “getting more oil on the water” was touted as one piece of the puzzle in ensuring future U.S. energy security, said U.S. Secretary of Energy Ernest Moniz. Sec. Moniz spoke yesterday at the U…
Dennis de Bruin, Marine Director at BMT Surveys, explains the current issues and new regulations concerning the on-board blending of fuels.Fuel oils are mainly a blend of oils and other components, for example; aromatic hydrocarbons such as benzene…
Cost-cutting in Britain's North Sea oil and gas sector could lead to more acute skills shortages in future, industry experts have warned, with some expressing concerns that safety could be compromised. A plunge in crude prices over the last…
Ocean Mineral Singapore Pte Ltd (OMS) has entered into a 15-year exploration contract for polymetallic nodules at a site within the Clarion-Clipperton Fracture Zone of the Pacific Ocean with the International Seabed Authority (ISA). Sponsored by the Singapore Government…
The plugging and abandonment (P&A) of offshore wells represents a significant cost to operating companies and national authorities. On the Norwegian Continental Shelf (NCS) alone, the cost is estimated to be USD108bn (NOK1870bn) over the next 40 years…
United Nations' International Maritime Organization (IMO) adopted globally binding regulations for ships using liquefied natural gas (LNG) as fuel.The IMO has just adopted a new international code of safety for ships using gases or other low-flashpoint fuels – the so-called IGF Code…
