Shipping company Navig8 Product Tankers Inc. has entered into a USD 130.3 million senior secured credit facility agreement for post-delivery financing for four 74,000 DWT LR1 product tankers.
The loan, entered into with Citibank N.A., London...
A crew member on board a Technip-operated pipelay vessel Deep Energy has died as the result of an incident on quayside at Invergordon, Scotland.
The crewman is believed to had been of Philippine nationality and the accident reportedly involve...
The UK is the world’s leading maritime business services hub as the country’s companies offering marine insurance, shipbroking, legal services and education contribute GBP 4.4 billion (USD 6.3 billion) to the economy and employ over...
Oilfield services provider Baker Hughes has posted Weekly Rig Count reports to its Investor Relations website, according to which the number of offshore rigs in the U.S. has dropped.
BHI Rig Count: U.S. -9 to 431 rigs
U.S. Rig Count is do...
Brazil’s oil giant Petrobras has exercised the option to extend the fixed term of the lease contract for BW Offshore’s FPSO BW Pioneer for three years.
The contract was extended from the first quarter of 2017 to the first quarter of 20...
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