Kirby Corp. agreed to acquire K-Sea Transportation Partners LP, an operator of seagoing barges, for $335 million.
Nigeria and Cameroon have agreed to jointly exploit oil and other cross-border reserves found in the Bakassi Peninsula.
BHP Billiton will resume drilling of a production well at its Shenzi oilfield in the Gulf of Mexico after winning the second US deep-water permit since BP's spill last year.
The Nigerian Maritime Administration and Safety Agency (NIMASA) has been given approval to establish a national carrier, a top government official has said.
Quetzal Energy Ltd., Calgary, which is contemplating a spinout of Guatemala assets to its shareholders, will tender this month for a 3D seismic program to better define the producing structure at Atzam oil field in Guatemala.
As one third of Japan's refining capacity shuts down following Friday's earthquake, near-tern demand for crude tankers would suffer, Wells Fargo Securities said.
The earthquake and subsequent tsunami that hit Japan this morning is first and foremost terrible for the people affected by this natural disaster.As a side effect to this disaster, shipping is also affected by the event but the scale of the damage and the way it will impact shipping is still unknown.
The Ministry of Petroleum and Energy announced Awards in Predefined Areas 2011. The Areas comprise the predefined areas with blocks in the North Sea, the Norwegian Sea and the Barents Sea. 
Producing LNG on vessels at sea could turn into a billion-dollar industry as engineers develop shipboard technology to help quench Asia's thirst for energy.
Korea's Samsung Heavy Industries, which has not been able to grab any newbuilding order so far this year, seems to win a series of new orders from this month.
Hyundai Heavy Industries Co., the world’s top shipbuilder, appointed Kim Oi-hyun as co-chief executive during its shareholders’ meeting on Friday.
The period of the compensation process in the former Gdynia Shipyard is coming to an end. All assets key for shipyard production including the "heart" of the yard - the dry dock and the gantry - have found buyers.
Rolls-Royce, the global power systems company, has opened its newly expanded and modernised Marine Service Centre in the Port of Rotterdam.
Broker Derrick Offshore reports that, towards the end of 2010, Seahold Geoships Ltd (SGL) took a charter with minimum firm period 18 months on the recently delivered Stril Explorer from Simon Møkster Shipping.
Germany energy company Wintershall signed a memorandum of understanding with Russian gas monopoly Gazprom to exploit resources in western Siberia.
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, provides an update on its Joint Industry Project ('JIP') initiative, launched in October 2010, to develop a new method of engineering for subsea wellheads. 
Euro Exchange Rate