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Oil producers consider output cut extension as support grows

OPEC members weigh an extension of their output reduction deal as member states say more time is needed to reduce the stockpiles. Ministers from oil countries have asked OPEC to make a recommendation a month from now on the possibility of prolonging the cuts.

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Maersk Drilling forms alliance with Aker BP and Halliburton

Maersk Drilling has formed an alliance with Norway's Aker BP, which also sees Halliburton play a part. ""We see great potential in a deeper collaboration across the industry to eliminate inefficiencies and create joint value," says CEO Jørn Madsen.

Monjasa founder dug out crucial evidence to secure acquittal

An unknown bunker company, a technical report and testimony from a former head of sales helped secure the acquittal of Monjasa and founder Jan Jacobsen at Denmark's Western High Court. Jacobsen himself unearthed several crucial pieces of evidence.

ICS criticizes shipbuilding subsidies

The shipping industry must be financially sustainable to be able to live up to the impending environmental requirements on CO2 emissions reductions, stresses ICS, criticizing the subsidies which support the construction of new vessels.

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