Why Venezuela Is Poor Despite Having The World's Largest Oil Reserves

Ship Recycling Industry Playing “Musical Chairs”

Indian sub-continent ship recycling markets have been reflecting on what has been escalating on the international stage of late, reports cash buyer GMS. The company notes extremely turbulent effects emanating week after

Read more: %s

HII Names Daniel Marks Vice President of Contracts and Pricing at Ingalls Shipbuilding

HII announced that Daniel Marks has been appointed vice president of contracts and pricing at its Ingalls Shipbuilding division. Marks succeeds Stephen Fitts, who has been appointed vice president of supply chain

Read more: %s

Denmark, Germany Agree to Proceed with Bornholm Energy Island Wind Project

Denmark's Prime Minister Mette Frederiksen said on Monday that her country has agreed with Germany to jointly proceed with the Bornholm Energy Island, a large offshore wind project.Frederiksen was speaking at a press conference at an energy conference

Read more: %s

Norway Files Oil Bribery Charges in the Republic of Congo

Norwegian police said on Monday they had charged an oil company and two executives in Norway on suspicion of paying millions of dollars in bribes to close family members of Congo Republic President

Read more: %s

BOEM Invites Public Input on Potential Offshore Oil Leasing Areas in California

The Bureau of Ocean Energy Management announced the issuance of two Calls for Information and Nominations to solicit industry nominations and public comments on areas of interest for potential offshore oil and

Read more: %s

First of Five Maersk Tankers’ Vessels Fitted with bound4blue Suction Sails (Video)

Wind propulsion specialist bound4blue has completed the first installation under its agreement with Maersk Tankers, fitting four 24-meter eSAIL suction sails on the medium-range tanker Maersk Trieste as part of a wider

Read more: %s

Nuclear-Powered DP Vessels Technically Feasible, Vard Study Shows

A study led by Vard, a subsidiary of Italy’s Fincantieri, has found that nuclear-powered offshore vessels are technically feasible, confirming that small fourth-generation nuclear reactors can be integrated into dynamically positioned vessels

Read more: %s

Gulf Marine Services Lines Up First Fleet Addition in 10 Years

Gulf Marine Services (GMS), a provider of jack-up support vessels to the offshore energy industry, has agreed to acquire a new mid-class self-propelled, self-elevating support vessel, marking its first vessel acquisition in

Read more: %s

Finland Joins EU, Baltic Partners to Strengthen Subsea Monitoring

Finland’s Border Guard is setting up a maritime surveillance centre together with other Baltic Sea states and the European Commission for the protection of critical undersea infrastructure in the Gulf of Finland,