Chevron’s massive Gorgon liquefied natural gas (LNG) facility in Australia has hit technical difficulties, a spokesman said on Monday, resulting in a temporary suspension of exports less than a month after it started first production.
A.P. Moller-Maersk’s oil subsidiary said on Monday it will shut Denmark’s largest gas field in 2018 if it cannot find an economically viable solution for the ageing site by the end of this year.
Executives of Brazil’s state-run oil producer Petroleo Brasileiro SA approved a voluntary layoff program to cut about 12,000 jobs and save 33 billion reais ($9.20 billion) by 2020, the company said in a statement on Friday.
Lockheed Martin Corp and Australia’s Austal have each won contracts worth up to $564 million to build one Littoral Combat Ship (LCS) for the U.S. Navy, the U.S. Defense Department said on Thursday in its daily digest of arms deals.
China COSCO Shipping Corp has placed an order for 10 very large ore carriers (VLOC) from China State Shipbuilding Corp (CSSC), the official Xinhua news agency reported late on Thursday.
The world’s third largest port operator APM Terminals said it will invest 758 million euros ($858.3 million) in a new transhipment terminal in Tangier, Morocco, that will be the first automated terminal in Africa.
Italy on Wednesday asked judges in The Hague to order India to release a detained Italian marine, hours before Indian Prime Minister Narendra Modi was due at an EU-India summit in Brussels at which he aims to defuse the long-running row with Rome.
DONG Energy has terminated a contract to build an oil and gas platform for its Hejre field, postponing indefinitely the major development offshore Denmark, the Danish majority state-owned utility said on Tuesday.
Access to capital for cash-hungry Norwegian offshore shipowners is expected to tighten further as lower activity and falling profits continue in 2016, the Norwegian Shipowners’ Association said in its yearly outlook report on Tuesday.
Seven Somali men accused of hijacking a French yacht in an assault in which its owner was killed and his wife abducted in the Arabian Sea four years ago appeared before a French court on Tuesday, all facing life sentences.
Huntington Ingalls Industries Inc Chief Executive Mike Petters urged the U.S. Navy to accelerate its new LX(R) dock landing ship program to fiscal 2018 from 2020 to avoid significant costs associated with restarting a production line.
The amount of time it takes for imports to clear Indonesian ports will be reduced to 3.7 days from 4.7 days under new reforms of procedures, the chief economics minister said.
Feb 19 China Cosco Shipping (COSCOCS), China’s biggest shipping line, plans to carry out a careful selection of its future vessel-sharing alliance partners, but will maintain its two current alliances for the moment, the company said on Friday.
India’s Oil and Natural Gas Corporation has approved an investment of 340 billion rupees (about $5 billion) over the next few years in its east coast oil and gas asset, in a bid to boost production and benefit from a change in government policy.
China reacted frostily on Friday after Taiwan ally Panama said it had invited leaders from both China and self-ruled Taiwan to attend the inauguration of the expansion of the Panama Canal in late June, in what would be an awkward diplomatic encounter.
A federal judge in San Diego on Friday sentenced a U.S. Navy captain caught in a $30 million bribery scandal to 46 months in prison, bringing to a close the case against the highest-ranking officer in the fraud scheme.
Japan’s whaling fleet returned on Thursday from its Antarctic hunt after a year-long suspension with a take of more than 300 whales, including pregnant females.
A U.S. Navy tug missing since 1921 has been discovered sunk off San Francisco, officials said on Wednesday, solving a nearly century-old maritime mystery.