Repsol YPF SA will delist its American depositary securities and terminate the registration of ordinary shares and ADSs from the New York Stock Exchange due to the low volume of trading of the securities, Repsol said late yesterday in an e-mailed statement.
Employees at the Liquified Natural Gas (LNG) plant in Nikiski were notified on Wednesday the plant will be shutting down later this spring.
Drydocks World, a leading player in the maritime and offshore industry, has completed the launch of Anchor Handling Offshore Support Vessel Olympus Crest at its shipbuilding yard in Nanindah, Indonesia.
Nearly 40 oil workers have been taken off a North Sea platform.
ARMED robbers have used “a diversionary tactic” to steal from the crew of a Japanese chemical/products tanker off Malaysia, ReCAAP ISC reported today.
Korea National Oil Corp., a state- run energy resources developer, plans to invest as much as $4 billion in overseas oilfields this year as it aims to increase crude production by 33 percent.
INTERTANKO has warned that piracy “is now spinning out of control into the entire Indian Ocean".
The leading oil producer in Ghana, UK based Tullow Oil says it has discovered more oil in Ghana.
Transocean Ltd., an offshore drilling company, has announced that its high-specification semi-submersible rig has received a three-year contract from a subsidiary of Statoil ASA for operations in Norway.
French dockworkers Feb. 10 suspended a six-week-long campaign of strikes after port employers agreed to resume negotiations on union demands for early retirement.
Multraship christened its two newest Azimuth stern-drive multipurpose tugs in a ceremony at the Portaal van Vlaanderen in Terneuzen, the Netherlands, on February 4.
Statoil reported that at 03.25 on Thursday morning a well incident was detected on the exploration rig Deepsea Atlantic. 
The German navigation system supplier Raytheon Anschütz has introduced a new advanced steering control system NautoSteer AS to the market which will be available for commercial and naval vessels by the end of the year.
After sustaining damage from a storm last week, the Gryphon oil and gas field development will remain shut-in for “a considerable time,” reports operator Maersk Oil.
RigZone is out with their 2011 outlook on Deep and Shallow water newbuilds on order from exploratory drilling companies worldwide.
Bergen Group performed a strong boost in the group’s order book during Q4 2010. Compared to previous quarter, the turnover is increasing and the profit margin has improved to an EBITDA of 4.4 %. The general outlook for the group’s market areas is considered positive in both short term and long term.
Companies building vessels on the U.S. Gulf are servicing a flock of domestic and overseas clients while their offshore oil and gas customers wait for Washington to issue more drilling permits and safety rules. Some of the region's builders are busy making repairs. After a federal ban on deepwater drilling ended in October — three months after BP's well was capped — the Gulf remains quiet, but industry members expect business to improve eventually.
Primorsk International Shipping Limited ("Prisco") wishes to announce the "en bloc" sale by Prisco and purchase by OAO Sovcomflot ("SCF") of six tanker vessels employed on the Sakhalin shuttle trades. The terms of the sales are confidential.
CMA CGM could be about to raise an extra US$800 million through a high-yield bond issue to help secure its financial base.
Mel Fitzgerald, Director of Subsea 7 S.A. and former Chief Executive Officer of Subsea 7, was last night recognised for his significant and positive impact on the subsea sector. The Outstanding Achievement award was made by Subsea UK at its annual Subsea Business Awards in Aberdeen, UK.
Having military personnel aboard ships would help combat piracy in the Indian Ocean, the chairman of NATO's Military Committee said after an Italian oil tanker was seized by Somali pirates on Tuesday.
BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, has been recognised for its outstanding achievements in generating sustainable growth and jobs by Europe’s 500, a non-profit organisation which promotes entrepreneurship.
The Transportation Safety Board (TSB) has completed its thorough investigation into the cause and contributing factors behind the crash of Cougar Flight 491. The TSB report provides very valuable insight into the reasons for the accident and the factors that played a role in the tragedy. Arising from the investigation are recommendations for Transport Canada, the US Federal Aviation Administration and the helicopter manufacturer.
Wärtsilä's Board of Directors has appointedMr Björn Rosengren M.Sc. (Tech.), born 1959, as the new President and CEO ofWärtsilä Corporation. He will assume the position on 1 September 2011,succeeding Mr Ole Johansson, who will retire.
South Korean shipbuilder Hyundai Heavy Industries expressed regret Thursday over the sinking of a Cambodian-flagged freighter that left four Russian sailors dead and seven missing.
Drydocks World recently launched the anchor handling offshore support vessel ‘Olympus Crest’ at its shipbuilding yard in Nanindah, Indonesia.
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