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Offshore - Oil & Gas

  • Abu Dhabi awards Spanish firm stake in offshore oil...

    The 40-year deal worth $1.5bn aims to double production at the emirate's offshore fields of SARB and Umm Lulu

  • BP commissions Sparrows to manage offshore Angola cranes

     BP has awarded Sparrows Group a three-year contract to manage crane operations and maintenance on two FPSOs offshore Angola.

  • Stay united against offshore oil

    No oil has ever been discovered in South Carolina — on land or offshore — and it’s inconceivable that a renewed search for offshore deposits will turn up a bounty worth putting the state’s coastline at risk. The economics just don’t make sense and even exploring is damaging. Seismic testing threatens sea mammals and fisheries by continually peppering the water column with deafening, disorienting air-gun blasts for months at a time, which has been shown to reduce commercial catches by 40-80 percent.

  • Oil majors strike it rich on rising crude prices

    French giant Total saw its bottom line jump by more than a third, Shell’s net profit tripled, ExxonMobil’s fourth-quarter earnings rose nearly five-fold

  • UAE’s ADNOC awards 10% stake in offshore concession to...

    ADNOC said it was the first time Indian oil and gas companies had been given a stake in Abu Dhabi’s hydrocarbon resources

  • Trust seeks offshore restarters

    The Carbon Trust’s Offshore Wind Accelerator (OWA) has launched a competition that aims to develop and enhance capabilities for offshore wind turbines to play a role in restarting power grids following a black out.




  • The quiet king of Japanese shipbuilding expands...

    It buys more steel than any other Japanese company except Toyota Motor, and its shipbuilding dominance is such that rivals Mistui and Mitsubishi group are now turning to it for help.

  • Sberbank and Sovcomflot conclude new USD 106...

    Sberbank and Sovcomflot have signed a new USD 106 million project financing agreement, with a term of up to 14 years. According to Sovcomflot’s press release, the funds will finance the construction of a high ice class Arctic shuttle tanker (Arc7) for the Novy Port project, under a long-term agreement with Gazprom Neft.

  • Dutch shipping bosses in court over 'toxic...

    Six Dutch shipping company bosses will appear before a Rotterdam court  accused of deliberately dumping old ships on the beaches of India and Turkey.

  • Maersk positive on global container shipping...

    A.P. Moller-Maersk missed fourth-quarter profit expectations on Friday but earnings were up and the chief executive leading a turnaround at the world's largest container shipping company said the outlook was positive.

  • Agility Joins Maersk-IBM Blockchain Community

    Global logistics provider Agility has become the first freight forwarder to collaborate on Maersk and IBM's blockchain solution which aims to provide more efficient and secure methods for conducting global trade.

Legal & Regulations

  • NYK Discovers Illegal Conducts in Chinese Subsidiary

    Nippon Yusen Kabushiki Kaisha (the “Company”) has discovered that there is a possibility that former locally-hired management personnel in NYK Car Carrier (China) Co., Ltd., our consolidated subsidiary located in Shanghai, China, which is engaged in finished-car logistics business in China, had committed unlawful expenditure or embezzlement.

  • New maritime code on way

    The revised code will amend or add regulations to existing legislation to support businesses in the sector

  • IMO is ready for ban on non-compliant fuel

    It should be prohibited to have non-compliant fuel on board as from 2020.This is the clear signal from the IMO Sub-Committee PPR, Pollution Prevention and Response, which this week has been discussing how to ensure that the global sulphur requirements are implemented and enforced effectively



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