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  • 31 January 2020

    Exports of liquefied natural gas from the United States’ facilities increased over the week ending January 29.

  • 8 January 2019

    Some 2500 offshore workers in the UK represented by Unite the union have accepted the revised pay offer from the Offshore Contractor Association following an online ballot on a 71 percent turnout.

  • 30 May 2017
    Business & Finance

    The first ships to be classed with Lloyd’s Register’s cyber notations have been delivered to Global United Gas Carriers in Korea. Built by Hanjin Heavy Industries, in collaboration with Alpha Ori Technology, the ships have been awarded the notation Cyber (AL-SAFE) certifying the autonomous systems onboard as safe. The SMARTShip technology was installed on board […]

  • 5 February 2016

    Unite, Britain’s biggest offshore oil trade union, has warned the UK government that billion-pound losses announced this week by oil industry super-majors could, without serious interventions, bring an end to meaningful production in the North Sea within years. The union highlighted results by Shell which on Thursday announced a drop in annual profits of 80 […]

  • 5 October 2016
    Business & Finance

    Singapore-based Pan-United Corporation has entered into a conditional sale and purchase agreement with the investment holding company Sedgefield Corporation to sell its wholly-owned subsidiaries, Pan-United Shipping and and P.U. Vision on October 4. Pan-United’s P.U. Vision, which owns 12 tugboats and 10 barges, is primarily engaged in the tug and barge business of the shipping division. Operating in the Southeast Asia region, the company […]

  • 7 March 2017
    Business & Finance

    Japanese shipping company United Ocean Group has reached an agreement to sell its Panamax bulk carrier United Prestige for a price of USD 21.2 million, according to VesselsValue. The 81,900 dwt bulker, which has a market value of USD 20.4 million, was purchased by Greece-based shipowner Alassia Newships Management. United Prestige will become a part of Alassia Newships Management’s fleet of 9 bulk […]

  • 24 February 2017
    Business & Finance

    China COSCO Shipping Corporation plans to acquire shipyards owned by its subsidiary COSCO Corporation (Singapore) Limited. Under the plan, China COSCO will take over equity interests in COSCO Shipyard Group, COSCO (Nantong) Shipyard and COSCO (Dalian) Shipyard. The acquisition is part of China COSCO’s plan to centralize operations and management of the shipyard businesses. “The plans […]

  • 13 July 2016
    Business & Finance

    Dubai-based container shipping firm United Arab Shipping Company (UASC) is considering to sell its USD 600 million-worth chemical tanker segment as part of the merger plans with the German shipping line Hapag-Lloyd AG, Bloomberg cited sources familiar with the matter. The company is reportedly working with the Bank of America Corp. to find buyers for its stake in United […]

  • 5 April 2017

    Unite, UK’s largest offshore union, has repeated its calls for transparency on jobs, in relation to the proposed merger of oilfield services giants Wood Group and Amec Foster Wheeler. Wood Group on Wednesday said it expects for its cost savings stemming from the AFW takeover to be 36 percent higher than previously estimated. These would be […]

  • 11 June 2018

    UK’s workers’ union Unite has called for the government to create a strategy for the offshore oil and gas industry, highlighting the importance of a growing offshore decommissioning industry, as well.

  • 27 March 2017

    Six offshore workers were exposed to radiation during work on an EnQuest-operated platform in the UK North Sea. According to Unite, a UK maritime and offshore workers’ union, six Wood Group workers claim they were put at risk by the potentially dangerous particles while carrying out maintenance work on the Thistle offshore platform last December. […]

  • 26 September 2019
    Business & Finance

    Offshore wind generation in the UK rose by 25% in the second quarter of 2019, contributing to a 9.9% rise in renewable generation, according to the latest report by the Department for Business, Energy and Industrial Strategy (BEIS). In Q2 2019, generation from offshore wind saw an increase from 1.2 TWh to 6 TWh, which is […]

  • 2 November 2016
    Business & Finance

    Congressman Joe Courtney announced last week that the United States Navy has committed $5.4 million dollars for design and replacement of Pier 32 at Naval Submarine Base New London to better serve operational needs. This funding supports planning and design work for a replacement of Pier 32, one of eleven currently operational piers at the […]

  • 28 January 2015

    The oil tanker United Kalavrvta, carrying 1 million barrels of Kurdish oil, is finally leaving US waters after Baghdad and the Kurds agreed to share the disputed oil revenue, Reuters reports. The tanker headed east on Tuesday across the Atlantic to Gibraltar, having spent six months idling off Texas coast as the legal dispute over the cargo ownership awaited solution. The […]

  • 19 September 2018

    China has decided to impose a 10 percent tariff on imports of liquefied natural gas (LNG) from the United States. 

  • 7 October 2016

    The threat to 600 manufacturing jobs at OneSubsea, the Leeds oil and gas engineering firm, reinforces the need for a strong industrial strategy to protect such skilled jobs, UK’s biggest trade union Unite has said. Unite said the news that the Houston-based multinational wanted to shed 600 of its 900-strong workforce by the end of […]

  • 7 May 2015

    The recovering price of oil should bring an immediate end to the oil and gas industry’s opportunistic campaign of job cuts and impositions to working conditions, Unite, a workers’ union in the UK has said today. The call comes after talks with Offshore Contractors Association (OCA) employers convened yesterday in the wake of a consultative […]

  • 7 June 2018

    German marine transportation specialist United Heavy Lift has said it has taken the management of a new the newly built DP2 Deck Carrier Vessel, MV Zhi Xian Zhi Xing from Shanghai-based Zhixian Transportation.

  • 14 December 2017
    Exploration & Production

    Offshore drilling contractor Odfjell Drilling is looking to reduce pay for its offshore workers. 

  • 13 February 2018
    Business & Finance

    UK-based offshore fabrication yards owned by BiFab are facing closure, which will bring about the loss of 260 jobs. 

  • 19 February 2018
    Business & Finance

    United Oil & Gas (UOG) has named a non-executive chairman of the company with immediate effect.

  • 4 September 2015

    The article has been amended to include a statement by COTA ( 16:34 pm CET, October 22, 2015) Britain’s large worker’s union Unite has notified employers in the Catering Offshore Trade Association (COTA), that it will ballot its members across the agreement for industrial action. According to Unite, the dispute centres on the refusal of […]