Transocean has secured a contract for the semi-submersible drilling rig Transocean Arctic. It will be used for drilling in the Alvheim and Volund fields, offshore Norway.
The news was revealed on Monday by Det norske oljeselskap, a Norwegian...
Denmark-based tanker owner TORM says it has ordered four new build LR2 tankers from Guangzhou Shipyard International (GSI) in China for $200 million, with options to build up to six additional tankers.
The four LR2 tankers are scheduled for delive...
PANAMA CITY, Nov 30 (Reuters) – Waiting times for ships at the Panama Canal have returned to normal after poor weather and a spike in traffic caused delays for several weeks, the waterway’s operator said on Monday.
HONG KONG (Bloomberg) -- Oil bulls can say farewell to another quiet Atlantic hurricane season in the Gulf of Mexico, which ends Monday without a storm-induced price rise to lift crude from its once-in-a-generation slump.
Barely an oil worke...
Eleven people are missing and presumed lost after a Panama-flagged cargo ship sank in the South China Sea off the Philippines, the Philippines Coast Guard has confirmed.
The ship, the MV Fortune Life, is believed to have sank Friday approxima...
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