Today four oil majors – Chevron, ConocoPhillips, ExxonMobil and Shell – announced a plan to build and deploy a rapid response system that
Secretary of the Interior Ken Salazar directed the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEM) to issue new suspensions of deepwater
According to the International Energy Agency’s July 2010 Oil Market Report, global oil demand through 2011 is projected to rise 1.6% or 1.3 mb/dyear‐on‐year to 87.
Tsakos Energy Navigation Limited announced the delivery and charter of the 105,000 dwt DNA-Aframax tanker Uraga Princess from Sumitomo Heavy Industries in Japan,
Last month MR’s Henrik Segercrantz traveled to Hamburg for an exclusive preview of the SMM 2010 exhibition.
The SMM international trade fair for shipbuilding,
Since the marine industry continually laments restocking engineering talent to power its future, Maritime Reporter & Engineering News decided to hit the road and find where the future lies.
Saipem has been awarded new offshore contracts worth over 1 billion euro. The contracts refer to activities to be carried out between 2010 and 2012 in the main offshore areas where Saipem is present,
Maersk Tankers, Hyundai Heavy Industries (HHI) and Det Norske Veritas (DNV) have agreed to collaborate on the design and risk assessment of tankers for shipping CO2.
Samsung Heavy Industries (SHI) apparently found no troubles in Greece this year, as the company reports inking a deal for five ships at Posidonia 2010, meaning its contracting amount has reach $3.
Regardless of today’s economic and financial reality, wealth creation and oil prosperity go hand in hand. While the medium to long term prospects are good,