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US Drillers Add the Most Oil Rigs since April 2013

© Ghost / Adobe Stock

U.S. energy companies this week added the most oil rigs in nearly four years, extending an eight-month recovery as drillers take advantage of a deal by OPEC to cut supplies that has boosted prices over $50 a barrel since early December.

LNG Icebreaker Polaris Bunkers in Pori

Finland’s first LNG-fueled icebreaker Polaris bunkered in Pori (Photo: SkanGas)

Polaris, the newest icebreaker of the Finnish icebreaking service company Arctia, set out from Katajanokka, Helsinki, for icebreaking duty in the Bothnian Bay and arrived January 10 for bunkering at the

A Tale of Two Tanker Classes

© Sorapop Udomsri / Adobe Stock

In a stark reminder of how volatile shipping markets can be, sentiment in the previously weak Asian Aframax market has flipped while the LR2 market continues its downward slide. The Aframax market

Shipbuilding

2016 Contracting: Hard To Find Our Bearings

Graph: Clarksons Research

Contracting activity in 2016 fell to its lowest level in over 30 years in numerical and tonnage

Scorpio lines up $172m in loans for newbuilds

Photo Scorpio Tankers

Scorpio Tankers Inc. announced today that the Company has received commitments for a loan facility

DryShips Buys First Very Large Gas Carrier

Image: DryShips Inc

DryShips Inc., a diversified owner of ocean group cargo vessels, announced that it has acquired

Contracts

EMGS Inks Charter for BOA Thalassa

BOA Thalassa Photo EMGS

Electromagnetic Geoservices ASA (EMGS) has signed a new charter agreement for the vessel BOA

Seabed Geosolutions mobilizes for West African OBN survey

Partnering for a Wellsite solution Photo Fugro

Seabed Geosolutions has been awarded a 4D baseline ocean bottom node project in West Africa

Enpro Subsea Drives $1.8mln into Flow Assurance Project

(left to right): Ian Donald, managing director of Enpro Subsea, Anke Heggie, company growth director (oil & gas) from Scottish Enterprise and Minister for Business, Innovation and Energy, Paul Wheelhouse MSP. (Enpro Subsea)

Enpro Subsea has announced a research and development grant from Scottish Enterprise which will

Technology

BP’s Juniper platform sets sail for offshore Trinidad

Juniper platform Photo BP

BP Trinidad and Tobago LLC (bpTT) today announced that the new Juniper offshore platform has begun

OneSubsea's Production System for Statoil's Utgard Field

OneSubsea Global Contacts Photo OneSubsea

OneSubsea, a Schlumberger company, today announced it has been awarded an engineering

iContainers Opens Rotterdam Branch

© Benny Klaus / Adobe Stock

iContainers, the 100 percent online global freight forwarder, said it has opened a new branch in

Legal

Orix Buys RBS Shipping Loans

Photo: Orix

Japanese financial services firm Orix Corp has agreed to buy $290 million (272 million euros)

Giuseppe Bottiglieri Files for Creditor Protection

Pic: Giuseppe Bottiglieri

Italian cargo shipowner Giuseppe Bottiglieri Shipping Co. SpA  has filed for court protection

Shipping Loans Weigh Down German Banks

Photo: International Chamber of Shipping

German banks are still struggling with bad loans from exposure to the shipping industry

People & Company News

Nogaholding Secures $741 mln Loan for LNG Terminal

Image: Nogaholding

Nogaholding, the investment and business development arm of Bahrain’s National Oil and Gas

OOIL, COSCO Deny Deal Rumors

Image: COSCO, OOIL

China Cosco Shipping Corporation Limited (Cosco Shipping) and Orient Overseas (International)

Injured Man hoisted from fishing Boat 25 mi off Cape Ann, MA

Photo courtesy USCG

A helicopter crew from Coast Guard Air Station Cape Cod hoisted a man Saturday from the fishing

Maritime Apps