Excelerate to Manage FSRUs In-house
Houston-based Excelerate Energy’s unit, Excelerate Technical Management (ETM) has been authorized to operate as ship manager for its parent company’s entire fleet of floating storage and regasification…
Exxon to Load First Crude from Guyana This Weekend
The first-ever cargo of Guyana's crude for export is scheduled to begin loading this weekend so the oil can be processed at Exxon Mobil's refining system, the company told Reuters on Friday.Exxon…
Seacor Marine Acquires Three Cosco PSVs
The offshore marine support vessels operator Seacor Marine Holdings announced it has entered into definitive agreements to acquire three platform supply vessels (PSVs) from Cosco Shipping Heavy Industry…
U.S. Imports of Nigerian Crude Fall to 3-year Low
U.S. crude oil imports from Nigeria in July plunged to the lowest level in three years and are continuing to slip as Asian and European buyers increase purchases, trade flow data from Thomson…
Climate-threatened Nations Aim for 100% Renewable Energy
A group of the countries most at risk from climate change said they would strive to make their energy production 100 percent renewable "as rapidly as possible", as part of efforts to limit global warming to below 1.5 degrees Celsius.
How the Marshall Islands became a top U.S. Crude Destination
Best known for diving, lagoons and the island that gave the world the name for the bikini swimsuit, the Marshall Islands is now gaining attention as a top-five destination for U.S. crude exports…
Ocean Rig Redomiciles to Cayman Islands
Ocean Rig UDW Inc. (NASDAQ:ORIG) (“Ocean Rig” or the “Company”), a global provider of offshore deepwater drilling services, has moved its corporate domicile from the Republic of the Marshall Islands to the Cayman Islands.
Nations Seek Early Ratification of Paris Climate Deal
Many nations are pushing for swift ratification of a Paris agreement to slow climate change and lock it in place for four years before a change in the White House next year that might bring…
Shipping Braces for post-Paris Pollution Tax
Brussels sets end-2016 deadline for CO2-cutting proposals by IMO. The shipping industry expects to be stung by a carbon levy as momentum building from climate talks in Paris starting this month…
National Emissions Plans too Weak to Limit Climate Change
National plans for limiting greenhouse gas emissions fall short of tough action needed to slow climate change under a United Nations agreement due in Paris in December, European researchers said on Wednesday.
UN Climate Deal Draft Must be Shorter, Clearer
Ministers working towards a new U.N. deal to tackle climate change, due in December, need a negotiating text that is shorter and more manageable than the current draft, the Marshall Islands'…
Iran Uses Maritime Confrontations to Project Power in Gulf
Iran is using its sea power in the Gulf to show it will not be cowed by Washington's newly assertive Arab allies, prompting critics to accuse Tehran of destabilising the region. Iranian ships…
Yemen War Risk Could Strangle Sea Trade Routes
With Middle East giants Saudi Arabia and Iran squaring up on opposing sides in the Yemen war, the dangers to vital oil tanker and goods voyages are growing daily. Millions of barrels of oil…
Oil Rallies Briefly after Iran Seizes Cargo Ship
Oil prices rallied briefly on Tuesday after reports that Iran had seized a cargo vessel, described initially by Iranian and Saudi media as a U.S. ship, raised geopolitical tensions and concerns…
WFW Advises DNB on Loan to Ocean Rig
DNB Bank ASA, as agent and security agent on behalf of a syndicate of lenders, instructed Watson Farley & Williams (WFW) on a $475 million secured loan to the Ocean Rig Group for the financing…
SWISSCO Sets Up JV with Union Offshore
The Board of Directors of Swissco Holdings Limited has entered into a joint venture with Union Offshore Ltd, a company incorporated in the Republic of the Marshall Islands. The joint venture…
Offshore Rig Firm Transocean Partners LLC Launch IPO
Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., says it has commenced an initial public offering of 17,500,000 common units representing limited…
Tanker with Iraqi Kurdish Oil Anchors off Texas Port
A tanker carrying crude oil from Iraqi Kurdistan was anchored near the Port of Galveston, Texas, and must undergo a routine safety inspection by the U.S. Coast Guard on Sunday before it can unload its cargo, an official said.
Transocean Prices Initial Public Offering
Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., has announced the pricing of its initial public offering of 17,500,000 common units representing…
Enviro Activists Push Protest Pace
As hundreds of protesters joined environmental activists from South Pacific nations trying to blockade ships at the world's largest coal export terminal in Australia on Friday, Marshall Islands…
