California's oil industry is being hit harder than any other state by falling prices because of the comparatively poor quality of its crude and its aging fields.The number of active drilling rigs in the state has more than halved since June 2014…
The 500-kilovolt Skagerrak 4 HVDC Light® link between Norway and Denmark's Jutland peninsula boosts integration of renewable powerZurich, Switzerland, January 12, 2015 – ABB, the leading power and automation technology group, successfully…
Liquefied Natural Gas Limited wishes to provide an update on the status of Information Requests from the United States Federal Energy Regulatory Commission (FERC) in relation to the Company’s wholly owned subsidiary, Magnolia LNG LLC (MLNG)…
The Panama Canal Authority (ACP) signed a cooperation agreement with the Port of Lake Charles in Louisiana earlier this week, which aims to attract new customers from the liquefied natural gas (LNG) industry; a strategy that builds upon the advantages that the expanded Canal will offer…
Brazil's Petrobras has asked contractors implicated in a kickback scheme with the state-run oil company to admit guilt and pay damages in return for lifting a ban on bidding for future contracts, Estado de S.Paulo reported on Saturday.The move is the latest example of how Petroleo Brasileiro…
Secretary of State John Kerry will push India to make it easier for U.S. companies to do business there on a trip next week that also takes him to Europe to meet officials from Oman, Iran and Bulgaria, U.S. officials said on Friday.Earlier this week…
Ballast Water Treatment (BWT) specialist Optimarin and Goltens, a leading provider of engineering and installation solutions for the shipping industry signed a non-exclusive worldwide agreement for retrofitting Optimarin’s Ballast System (OBS)…
ABB, the leading power and automation technology group, has won an order worth about $40 million from Ceylon Electricity Board (CEB) to supply two new 220-kilovolt (kV) substations and upgrade an existing substation in Sri Lanka.The order was booked in the fourth quarter of 2014…
TRIYARDS Holdings Limited an offshore vessel fabrication and engineering solutions provider to the oil, gas (O&G) and marine industry, started the year on a promising note, armed with US$75.4 million in new liftboat orders.The latest liftboat contracts not only add to its orderbook…
Inchcape Shipping Services (ISS) the world-leading marine, cargo and supply chain solutions provider has announced another key hire to its African regional management team as the company gears up for ambitious growth across the region in 2015…
In recent years, Blue Water Shipping's port activities have developed rapidly with activities in an increasing number of Danish port. Blue Water now extends its activities within shipbroking and port agency in the ports at Lolland-Falster…
Current COO Patrick J. Gallwey to Retire in March After 34 Years.Brandy D. Christian has been named the new Chief Operating Officer of the Port of New Orleans by President and CEO Gary LaGrange, succeeding Patrick J. Gallwey, who will retire March 1 after 34 years with the Port…
Trans Adriatic Pipeline (TAP), the 870 km (540.59 miles) pipeline set to bring gas from Azerbaijan to Europe, has appointed BG executive Ian Bradshaw as new Managing Director to replace departing Kjetil Tungland.Bradshaw, who will take up his new position on Feb…
Hanjin Heavy Industries is trying hard to retain its leadership by reviving the shipyard in Subic Bay, the Philippines. Since running at full capacity in 2009, the Subic Shipyard has won orders continuously, surpassing $5 billion dollars in…
Statoil has today, 7 January, awarded the service contracts for seven bases for the company in Norway. These contracts have been awarded to NorSea Group AS, Saga Fjordbase AS and Asco Norge AS. The contracts awarded include terminal and…