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Total deepens North Sea exposure with $7.5 billion Maersk oil Deal

PARIS/COPENHAGEN, (Reuters) – Total is buying Maersk’s oil and gas business in a $7.45 billion deal which the French major said would strengthen its operations in the North Sea and raise its output to 3 million barrels per...

22/08/2017 Read

Ten missing after U.S. warship collides with tanker near Singapore

Sam Holmes and Lesley Wroughton, SINGAPORE/WASHINGTON, Aug 21 (Reuters) – Ten sailors are missing after a U.S. warship collided with an oil tanker east of Singapore on Monday, the U.S. Navy said, the second accident involving U.S. Navy destroye...

21/08/2017 Read

U.S. weekly offshore rig count down again

According to the Baker Hughes weekly U.S. rig count report on Friday, the overall North American rig count including Canada fell to 1160 this past week, down from 1169 in the previous week. U.S. Rig Count is down 3 rigs from last week to 946, with...

21/08/2017 Read

TEN finds work for two suezmaxes

Tanker operator Tsakos Energy Navigation (TEN) has chartered out two of its Suezmax vessels to an unnamed US oil concern.  As stipulated by the deal, two Suezmax vessels have been chartered for three years, bringing the relationship to s...

21/08/2017 Read

Houthi rebels carry out series of bomb-boat attacks

Saudi coalition forces have been on guard in the port of Mokha after a recent series of attacks by remote-controlled, bomb-laden boats operated by Houthi rebels. The Houthi forces have had success with this tactic before: in January, they d...

18/08/2017 Read

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