United States
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Americas
Harvey Gulf International Marine files for Chapter 11 bankruptcy
New Orleans-based offshore support vessel (OSV) company Harvey Gulf International Marine (HGIM) has filed for Chapter 11 bankruptcy protection in…
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Americas
American fund manager focuses on FFAs
American fund manager Breakwave Advisors is launching the first exchange-traded fund (ETF) focused on freight forward agreements (FFAs). The move…
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Americas
US Interior Secretary announces plan to improve offshore inspections
US Secretary of the Interior Ryan Zinke has introduced some initiatives to improve federal offshore oil and gas inspection procedures.…
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Asia
Singapore identifies poor US Navy training in tanker collision report
Singapore authorities have laid the blame on last year’s collision between the USS John S. McCain and the tanker on…
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Americas
Petrobras chief says sale of Texas refinery still in the works
Brazil’s state oil firm Petrobras is pressing ahead with plans to sell off its oil refinery in Pasadena, Texas, according…
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Americas
McDermott earns contract on BP project offshore Trinidad
Houston, Texas-based oil industry service company McDermott International has announced it has won a contract from BP Trinidad and Tobago…
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Americas
US seaborne exports of oil products at an all-time high
Following a seasonal surge in December 2017, the US seaborne export of oil products reached the highest annual level ever,…
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Americas
Oceaneering acquires Ecosse Subsea
Houston-headquartered Oceaneering International has acquired Scottish engineering firm Ecosse Subsea for around £50m ($69m). Ecosse builds and operates seabed preparation, route clearance and trenching tools…
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Americas
Limited US refining capacity will see more shale oil shipped overseas
A study by an energy consultancy says that US oil refineries could be overwhelmed by the country’s rapidly burgeoning shale…
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Americas
Dozens of containers fall from Maersk ship off North Carolina
Dozens of containers fell off a Maersk vessel off the coast of North Carolina, prompting the US Coast Guard (USCG)…
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Americas
Logistec Corporation acquires Gulf Stream Marine
Montréal-based marine services provider Logistec Corporation has announced the acquisition of terminal operator Gulf Stream Marine to expand its network…
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Americas
DOI recommends lowering offshore royalty rates
A committee at the US Department of the Interior (DOI) on Wednesday recommended a reduction in federal royalty rates for…
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Americas
Democrats urge DOI not to cut offshore oil royalty rates
Politicians of the Democratic Party are urging the US Department of the Interior (DOI) to not proceed with a proposed…
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Europe
Sea World Management and Trading fined in the US for illegal dumping
US authorities have hit a vessel operator and ship’s master with fines and jail time for illegal dumping of oil…
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Asia
US preparing ship interception strategy to enforce North Korea sanctions
Just days after ramping up sanctions on North Korea, with an emphasis on shipping, the US government is preparing to…
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Americas
Ocean Rig drillship awarded Tullow Namibia contract
Offshore driller Ocean Rig has signed a new one-well deal with Tullow Namibia for drilling offshore West Africa, utilising 2011-built…
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Americas
DOI considering lower royalties for oil and gas drilling in the US Gulf of Mexico
The US Department of the Interior (DOI) is weighing up whether or not to cut the royalty rate for deep-water…
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Americas
US anti-trust agency to challenge Wilhelmsen takeover of Drew Marine
The US Federal Trade Commission (FTC) is going to make a legal challenge to prevent a proposed takeover of marine…
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Americas
J C Flowers and Cerberus Capital Management tipped to buy out HSH Nordbank
The Wall Street Journal (WSJ) is reporting that American private equity firms J C Flowers and Cerberus Capital Management have…
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Europe
Subsea 7 and Schlumberger poised to form joint venture
Subsea service provider Subsea 7 and oilfield services company Schlumberger have entered into exclusive negotiations to form a joint venture,…
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