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Kinder Morgan Bolsters Gulf Logistics Infrastructure

Photo courtesy of Kinder Morgan

To capitalize on a flood of domestic and Canadian crude into the U.S. Gulf Coast, logistics giant Kinder Morgan Energy Partners is spending more than $1.5 billion in Houston to build the most flexible oil and fuel transport hub in the country.

Billionaire Fredriksen Commits to Seadrill

John Fredriksen

Shipping billionaire John Fredriksen reaffirmed on Friday its commitment to Seadrill, the world's largest rig company by market capitalisation, whose shares have fallen a quarter in value since the beginning of the year.

Scotland's 'No' to Independence Welcomed by Shell

Union flag: File photo

Royal Dutch Shell CEO Ben van Beurden on Friday welcomed Scotland's vote against independence. "Shell welcomes the decision by the people of Scotland to remain within the UK, which reduces the operating

Shipbuilding

Ingram Barge Order 20 Tank Barges for 2015

Tank barges: File photo

Ingram Barge Company say they will be building 20 tank barges in 2015 to meet growing demand for

ClassNK Issues New Rules for Inland Waterway Ships

Inland waterways vessel

Leading classification society ClassNK has released new technical rules and guidance for the

Steel Cut for Third RCI Quantum-class Cruise Ship

Quantum-class shipyard scene: Photo RCI

The steel cutting for 'Ovation of the Seas', scheduled to be delivered in the autumn of 2016

Contracts

U.S. Crude Falls on Worries About Glut, Brent Flat

Front-month expires Monday, long liquidation seen; dollar index highest in more than four years.   U.S. crude oil fell on Friday, on track for its fourth daily decline on

Oil Firms Keep Drilling as Price Drops

A 13 percent slide in crude oil prices since June has eroded some of the allure of drilling U.S. shale resources and raised investor concerns, but companies are pushing ahead as

Rising Wind to Pressure Spot Prices

Offline 858 MW Belchatow unit on schedule to restart next week; wind generation forecast to rise to above 8 GW on Monday. Fresh talks on Russia-Ukraine gas pricing lined up for

Technology

MAN-Powered Cargo Vessel Meets Tier III

Classification society awards SCR system emissions certificate. MAN Diesel & Turbo has been awarded a Tier III - compatibility certificate by the DNV- GL classification society

Transas Simulators Boosts Western Shipping Training Center

Western_Shipping Web.jpg

Transas Marine Pacific has successfully completed the upgrade of a simulator complex for Western

Kongsberg/Ricardo in Wind Farm Bearing Collaboration

Offshore/Onshore WF: Image Koningsberg

Ricardo and KONGSBERG say that they have signed a framework agreement that will see Ricardo

Legal

Russian Businessman Freed From House Arrest

Russian billionaire Vladimir Yevtushenkov was freed from house arrest on Friday, a company spokeswoman said, but the tycoon will have to stay in Russia to face money laundering

Exxon: U.S. to Allow Wind Down Ops in Russian Arctic

U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic. U.S.

Novatek Bonds Could Carry 15-year Maturity

Russian Finance Minister Anton Siluanov

Russian Finance Minister Anton Siluanov said on Friday that a possible bond issue from Russia's

People & Company News

Dann Marine Repowers With Cummins Tier 3 Engines

Photos courtesy of Dann Marine

Dann Marine Towing, LC., is a fifth generation family owned and operated tugboat company based in

Statoil Finds Gas in Arctic Norway

Norwegian energy firm Statoil has found gas in the Pingvin prospect in the Norwegian Arctic, one of its partners said on Friday. "The well has identified gas in a sandstone

FPSO Petrojarl Knarr Delivered to Norway

Knarr1 small.JPG

Three tugs of Fairmount Marine have towed the brand new FPSO Petrojarl Knarr from South Korea to