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Crew kidnappings reach decade high in 2016

More crew were kidnapped at sea in 2016 than in any of the previous 10 years, despite global piracy reaching its lowest levels since 1998, according to the ICC International Maritime Bureau’s (IMB) annual piracy report. In its 2016 report, I...

11/01/2017 Read

Maersk Oil to lay off 160 employees

Maersk Oil announced Monday that it would be reorganizing its core Danish Business Unit, consolidating all employees at one location and eliminating 160 positions. The first phase of reorganization will be completed in the first quarter. ...

10/01/2017 Read

Panama Canal cost overrun claim rises $2 billion

Grupo Unidos por el Canal (GUPC), the contractors' consortium that built the Panama Canal Expansion, may claim a total of up to $2 billion in additional cost overruns from the Panama Canal Authority, according to figures published Monday by ...

10/01/2017 Read

Fire breaks out on Deepsea Atlantic rig off Norway

A fire reportedly broke out on the Deepsea Atlantic drilling rig working for Statoil at the Johan Sverdrup field, off Norway.  According to a report by the Norwegian news website, the fire broke out last Wednesday in the rig&rsquo...

10/01/2017 Read

U.S. rigs up in first weekly count of 2017

The first U.S. weekly rig count of 2017 has shown a rise in both offshore and onshore drilling rigs, compared to the last week of 2016. Canadian rigs are on the rise too. BHI Rig Count: U.S. +7 to 665 U.S. Rig Count is up 7 rigs from last week...

09/01/2017 Read

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