Americas
-
Paragon Offshore in talks with creditors as bankruptcy looms
Struggling US drilling contractor Paragon Offshore announced on Friday that it has decided not to make a due interest payment…
Read More » -
Ultrapetrol’s loan negotiations continue after deadline, share price takes a hit
Ultrapetrol’s 30-day grace period following a missed interest payment has ended, and the NASDAQ-listed company is seeking an extra two…
Read More » -
Vantage Drilling’s chapter 11 plan confirmed
A US judge has confirmed Vantage Drilling’s chapter 11 plan, which aims more than halve the company’s debt load. The…
Read More » -
Mississippi bridge struck for third successive day
The Vicksburg Railroad Bridge over the Mississippi River was struck by a barge towboat on Thursday, making it three successive…
Read More » -
Amazon looks likely to enter ocean shipping space
Amazon, the giant American online retailer, is moving into ocean shipping. Having made inroads of late into trucking and air…
Read More » -
More delays to start of Sabine Pass LNG exports
The much-anticipated Sabine Pass LNG facility is running behind schedule. Cheniere Energy has warned that the first shipments from the…
Read More » -
International Shipholding Corporation continues bulker sell-off
US-based operator International Shipholding Corporation (ISH) has offloaded two dry bulk vessels and reached an agreement to sell its interests…
Read More » -
Chemical fire in containers halts shipping at Santos port
A chemical fire erupted in containers at Brazil’s port of Santos on Thursday, causing vessels to be denied entry to…
Read More » -
Charleston Harbour deepening project nears with Fed office approval
The plan to deepen Charleston Harbour shipping channel has just one more hurdle to clear – in the US Congress…
Read More » -
BGP wins Jamaica survey contract
Tullow Oil has commissioned Chinese company BGP, a subsidiary of China National Petroleum Corporation (CNPC), for a seismic survey in…
Read More » -
Barges hit Mississippi bridges in two separate incidents
Two separate incidents saw barges slam into bridges over the Mississippi River, with some barges sinking. The US Coast Guard…
Read More » -
Former Petrobras director given four years for rigging contract to favour Odebrecht
The former director of Petrobras’ international division, Jorge Zelada, on Tuesday was given a four-year jail sentence for his role…
Read More » -
BAE Systems lets go of another 300 staff from its Jacksonville yards
BAE Systems will lay off 300 employees from its two Jacksonville shipyards in mid-March, the company said yesterday. “The workforce…
Read More » -
Regulator approves Pemex request to drill two deepwater wells in Gulf of Mexico
Mexico’s state oil firm Pemex on Tuesday was granted permission to drill two offshore wells in the Gulf of Mexico,…
Read More » -
Hyperdynamics sues foot-dragging partners in offshore Guinea project
Houston, Texas-based E&P company Hyperdynamics is suing its partners in projects offshore Guinea over alleged breaches of contract. It is…
Read More » -
Ottawa determined to proceed with BC tanker ban, despite legal hurdles
Plans by the Trudeau government to create a crude oil tanker ban off British Columbia face a number of obstacles.…
Read More » -
Premier Oil confirms find at Isobel Deep off Falkland Islands
UK-based Premier Oil on Monday confirmed an oil find at its offshore Falkland Islands wells, the Isobel Deep. The initial…
Read More » -
BC opposes expansion of Kinder Morgan oil pipeline to Burnaby terminal
British Columbia has announced it opposes the expansion of Kinder Morgan’s Trans Mountain oil pipeline over concerns for safety and…
Read More » -
Seaman Guard Ohio crew handed five-year hard labour sentences
Fully 27 months since they were first detained in India the 35 men onboard US private security vessel Seaman Guard…
Read More » -
Jim Miller to return as Philly Shipyard chairman
Philly Shipyard, formerly Aker Philadelphia Shipyard, has announced that Jim Miller will return to the role of chairman of the…
Read More »