Oilfield services provider Halliburton Co , pressured by a prolonged slump in crude oil prices, will further slash its workforce by about 8 percent, or by 5,000 jobs, company spokeswoman Emily Mir told Reuters on Thursday.The more than 70…
Royal Dutch Shell announced that after a 34-year career with the company, Unconventional Resources Director and U.S. Country Chair, Marvin Odum, will leave Shell at the end of March, 2016. Concurrent with Marvin’s departure, and in a move that will simplify Shell’s structure…
-40 years of standardization paves way for cost efficient offshore pipeline systems -Growing global energy demand and requirements for additional pipeline capacity are driving the pipeline segment. However, pipeline related innovation is prioritized by only 4% of senior oil & gas professionals…
AkzoNobel has announced the issue of more than 126,000 carbon credits worth more than $500,000 – the first to be awarded under the company’s landmark scheme for the shipping industry – which was developed in conjunction with the Gold Standard Foundation and the Fremco Group…
Genel Energy plc announces that Jim Leng has indicated his intention to retire from the Board of Genel at the AGM in April 2016. Jim Leng has served over five years at Genel as Non-Executive Director, Senior Independent Director and as Chairman of the Remuneration Committee…
Three heavy weights have come together in the Middle East to promote LNG as marine fuel in the region - Qatargas, the Maersk Group and Royal Dutch Shell Plc signing a memorandum of understanding to explore future opportunities. All three…
In recent days, tankers chartered by several European companies such as Total, Litasco, and Cepsa were monitored loading crude at Kharg Island, a major Iranian loading port, according to Genscape. The vessels are bound for European destinations…
Straightpoint Inc. has named Myron Jones operations manager, as the former CEO of NMB Technologies joins the Camarillo, California-based load cell manufacturer.Jones brings a wealth of experience from the electromechanical components and aerospace industries…
GAC has reinforced its long-term commitment to the oil & gas industry with the addition of a Group Vendor Manager to its dedicated Oil & Gas team.Based at the Corporate HQ in Jebel Ali, Dubai, Madhu Vallur, oversees third party suppliers and agents GAC works with to support the sector…
Qatar’s Gulf International Services (GIS), the leading service group, has announced that its subsidiary Gulf Drilling International (GDI) has signed a contract with Dolphin Energy for drilling rig services. The contract was signed by Mubarak A al-Hajri…
Technip has been recognized as industry leader and has received Gold Class distinction for its sustainability performance in the ‘Energy Equipment and Services’ sector according to the 2016 RobecoSAM Sustainability Yearbook. Technip has been…
Forth Ports Limited announced today that it plans to make the largest investment in the history of the Port of Dundee. The port owner is to invest more than £10 million to create a new quayside with an industry-leading “heavy lift” capability…
With profit margins under pressure, oil and gas companies are focused on getting more out of existing assets while significantly reducing capital expenditure. Recent data shows that a 5% improvement in Opex could save £490 million on the UK Continental Shelf alone…
According to a weekly update from the U.S. Energy Information Administration (EIA), an oversupply of European distillates is raising the amount of product being held in floating storage, and also causing changes to shipping routes to slow delivery to the continent…
The National Oceanographic Partnership Program (NOPP) will present the 2015 Excellence in Partnering Award to 17 organizations involved in the Atlantic Canyons study during Ocean Sciences 2016 in New Orleans. The ceremony will take place on Tuesday…