Aban Offshore, which provides offshore services to the oil sector, said on Friday its joint venture, Venture Drilling AS , has signed an agreement for early redelivery of a drillship to its Russian owner. 
Anadarko Petroleum Corp shut its Ivory Coast operations in February because of political unrest in that country, the U.S. oil and gas company said Wednesday in a filing with regulators.
Repsol posted net income of 4.693 billion euros for 2010 compared to 1.559 billion euros in the previous year. Excluding extraordinary items, recurring net profit improved 54.9% to 2.360 billion euros.
Korea's Daewoo Shipbuilding & Marine Engineering seems to obtain optional 10 boxships of 18,000 TEU with ease from Denmark's AP Moller-Maersk no later than May.
Chinese shipbuilders, who used to flood the market with a huge amount of newbuildings, are increasingly moving to high value-added ships that require high technology, threatening Korean counterparts.
Pirates in Somalia said Wednesday they are ferrying ammunition and men to the 30 hijacked vessels still under their control, and they threatened to kill more captives after the violent end to a hostage standoff that left four Americans dead.
Lyttelton Port was one of many Canterbury companies counting the cost of the earthquake last night.
The hull of the first of the Royal Australian Navy’s two new amphibious ships has been launched in Spain.
After almost three decades of transporting heavy lift and project cargo, Jumbo's Fairmast will be the first of its two D-Class vessels to be decommissioned.
Apache Corp. will start its gas plant at Varanus Island today after production was halted by a tropical cyclone that also flooded the site of Chevron Corp.’s Gorgon project off Western Australia.
Ship orders for Japanese yards have more than tripled in January year on year and with gains of 218.5 per cent averaged over 14 consecutive months to 1.5 million gross tons, according to the Japan Ship Exporters Association.
Filipino seafarers will find greater opportunity as tens of thousands of seafarer jobs will be available in the next few years.
Unique 'diving bird' technology highlighted for design innovation
The Philippine government will be not ban the deployment of seafarers on board ships that will navigate the Gulf of Aden and other pirate infested areas.
Navios Maritime Holdings, Inc., a global, vertically integrated seaborne shipping and logistics company, announced yesterday it has received the 2011 Panama Maritime Excellence Award from the Panama Maritime Authority.
A new report from London-based shipbroker Gibson said that the Suezmax market could experience a firm rise in earnings over the next few weeks. With the tightening supply of VLCC tonnage in the Atlantic and growing resistance by charterers to rocketing VLCC rates, it is the best time for Suezmax owners to join the party. “The recent sharp rise in VLCC freight rates has left the rest of the tanker market trailing in their slipstream. Due to the high number of cargoes coming from the Middle East after the Chinese New Year, the demand for VLCCs has been growing rapidly. Within the last two weeks, TCE earnings on the benchmark VLCC route TD3 (ME Gulf – Japan) have jumped from $9,000/day to $49,000/day. At the same time VLCC tonnage in the West has also thinned significantly, leading to a jump in VLCC earnings on TD4 (WAF-USG) from $24,000/day at the start of February to $46,000/day currently” mentioned the report.
SOCAR (State oil Company of Azerbaijan) President Rovnag Abdullayev has met with BP President Robert Dudley in the head office of this company.
Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. reported fourth quarter GAAP net income attributable to the partners of $50.0 million, compared to $26.7 million in the same period last year. Adjusted net income attributable to the partners were $13.8 million.
Rolls-Royce Marine has been awarded a contract by STX OSV Trading to supply anchor handling systems for three new vessels for South America.
Ensco plc reported fourth quarter 2010 earnings of 90 cents per share from continuing operations, handily beating the Zacks Consensus Estimate of 69 cents. However, results were well below the year-ago quarter’s earnings of $1.40 per share, mainly due to lower dayrates and utilization.
UOB KayHian (Thailand) says jack-up rig orders are “roaring” while containership ordering has begun. The house upgrades Keppel Corp. (BN4.SG) to Buy from Sell, raises its target to S$13.00 from S$9.70, and ups its O&M pre-tax margin assumptions for 2012 and 2013 by 1.5 percentage points from 13.5% to 15.0%. It also raises its 2011 contract win forecast (excluding Petrobras) to S$7 billion from S$4 billion.
Seadrill Ltd. reported that its fourth quarter net income attributable to the parent declined to $253.5 million or $0.58 per share, down from $379.1 million or $0.88 per share last year.
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