Capacity for oil movements around the US Gulf has been expanding dramatically, according to recent reports. Most notably, the Houston/Corpus Christi area has benefited as they have become hubs for “tight oil” produced from the Eagle Ford and...

Sembcorp Marine is to relocate all its Singapore shipyards to its new integrated mega-yard by 2024, Singapore Prime Minister Lee Hsien Loong revealed at the official opening on Wednesday.

Offshore services firm Swiber Holdings is expected to receive a net gain of $90.6m from selling its controlling stake in subsea services provider Kreuz Holdings.

Vard has secured a NOK55m ($9m) contract to construct a survey vessel for Kazakhstan-based marine services company Circle Maritime Invest (CMI).

Sembcorp Marine (Sembmarine) made a $130m profit in the third quarter of 2013, a 12% increase on 2012’s $116m.

As Greece prepares to assume the rotating six-month European Union presidency on 1 January 2014, an unlikely issue is becoming a focus point for the country and Europe as a whole. Developments in the energy sector are always watched with interest...

Viking Offshore & Marine (Viking O&M) has entered into the offshore rig building and charter market by signing a newbuilding deal at a Chinese yard, and plans to build up a fleet of offshore support vessels (OSVs) in future.

Nordic American Tankers' (NAT) recently announced OSV spin off, Nordic American Offshore (NAO), has entered into a preliminary option agreement for a seventh vessel for its fleet.

Singaporean billionaire and rigbuilding veteran Tan Boy Tee has entered into an agreement to buy up to 10.1% stake in Singapore-listed Viking Offshore & Marine (Viking O&M).

Singapore-based Otto Marine has entered into an agreement to sell an anchor handling tug supply (AHTS) vessel for $95m to its affiliate Go Marine International.