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Oil propelled past $70 first time in three years

Robert Tuttle (Bloomberg) — Oil reached new highs in London as OPEC members called for output curbs to continue, allaying concerns that the recent rally could weaken their commitment. Brent crude closed above $70 a barrel for the first time...

16/01/2018 Read

Ineos sets up six new oil and gas units

Following the completion of a number of North Sea oil and gas acquisitions that began in 2015, Ineos, a chemicals company, is launching six new oil and gas businesses. Today, Ineos is a top ten company in the North Sea and the biggest pr...

16/01/2018 Read

Northern Offshore expands fleet with new jack-up rig

U.S. offshore driller Northern Offshore has taken delivery of a new jack-up drilling rig built by Shanghai Waigaoqiao Shipbuilding Co., Ltd. (SWS) in China. The Energy Emerger is a high specification jack-up of the Gusto CJ-46 design rat...

16/01/2018 Read

All hope lost for crew of Iranian tanker as it sank

The Iranian tanker Sanchi that has been ablaze off China since January 6 sank on Sunday, causing the Iranian government to give up hope of finding any of the crew alive. The bodies of three people have been recovered, and Irani...

15/01/2018 Read

Tanker missing off West Africa

U.K. tanker-owner Union Maritime has reported that its tanker MT Barrett, which was at anchor off Benin, West Africa, has not been heard from since late on January 9. Local maritime authorities have been alerted. “Whilst we are tirel...

15/01/2018 Read

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