The ship will be used to install and remove offshore oil and gas rigs as well as to lay pipes. Allseas says the Pieter Schelte, which was built by Daewoo Heavy Industries in South Korea, will be ...

Transporting massive cargo like oil rigs, cruise ships, and even other ships requires something extraordinary—semi-submersible heavy transport vessels. These engineering marvels, like the BOKA ...

and transport offshore oil. A major deposit, known in the trade as an “elephant,” can produce up to 20,000 barrels a day for years. So a single rig can produce revenues of about $550 million ...

More than 30 oil ships could be at risk of deadly accidents ... and gas producing regions around the world," according to oil rig supplier MODEC. From our morning news briefing to a weekly ...

Vietnamese naval vessels and Chinese ships collided in the South China Sea yesterday as Hanoi sought to prevent Beijing setting up an oil rig in an area claimed by both nations. A Vietnamese ...