Norwegian energy firm Statoil could lay off another 2,000 employees by the end of 2016, business daily Dagens Naeringsliv (DN) said on Friday.The decision will be finalised in the near future, after discussions with the management and representatives from the unions on Thursday…
As the annual Antarctic Treaty Consultative Meeting (ATCM) closed today in the Bulgarian capital, the Antarctic and Southern Ocean Coalition (ASOC) called the meeting’s adoption of a resolution on climate change a “missed opportunity” to…
Dun & Bradstreet will acquire the entirety of Dun & Bradstreet’s ANZ business, including consumer risk and debt collection, and commercial solutions, for AUD $220 million. As part of the agreement, pending regulatory approval, Credit Data…
Stolt-Nielsen Limited and Golar LNG Limited have formed a 50/50 joint venture to pursue opportunities in small-scale LNG production and distribution, the companies announced today. Stolt-Nielsen Limited has invested in Golar LNG through open-market purchases…
JP Morgan has hired James Janoskey, Credit Suisse's European Energy Group head, to lead its oil and gas team in Europe, the Middle East and Africa, according to a memo seen by Reuters.Janoskey will join the investment banking division, reporting to Laurence Hollingworth…
Mitsubishi Heavy Industries, Ltd. (MHI) has developed a new series of centrifugal chillers, dubbed the 'ETI-Z Series,' adopting a new refrigerant, HFO-1233zd(E), that offers outstanding environmental compatibility. The various models in the…
Companies struggle to balance cost-cutting with skills retention.If you can’t accept the rollercoaster of employment that is the offshore industry, adding and shedding jobs like clockwork through its cyclical ups and downs, don’t get on for the ride…
Teekay LNG Partners L.P. announced changes to Teekay LNG’s board of directors. Jane Hinkley has been appointed to the chairmanship position succeeding C. Sean Day, who will remain a director of Teekay LNG and chairman of the partnership’s sponsor…
In a meeting in the Corporate Assembly of Statoil ASA on 9 June 2015 Øystein Løseth was elected as new chair and Roy Franklin as a new member and deputy chair of Statoil's board of directors.Chair of the board Svein Rennemo and board member…
Glander International Bunkering, a global leader in Bunker, Lubricant trading/brokering has promoted Piyush Raghuvanshi as Senior Bunker/Lubricant Trader & Team Leader of the Mumbai office. Piyush joined the firm in 2013 and demonstrated strong leadership and trading skills…
DryShips Inc. a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc. of offshore deepwater drilling services, announced today that Ocean Rig closed the previously announced offering of 28…
RCG deepens leadership and capabilities with two senior hires Two executives from the renewables industry have been appointed by The Renewables Consulting Group (RCG) to oversee the firm’s day-to-day business, develop its global growth strategy…
Kvaerner in a joint venture with KBR has signed a contract with Statoil for the complete delivery of the platform topside to the Johan Sverdrup field development. The agreement to deliver the deck for the utility and living quarter (ULQ) platform comes after a tough international competition…
Specialist shipbuilder, Strategic Marine, has appointed Rob Osborn as General Manager for Fabrication and Engineering. Over the last few years, Strategic Marine has established and rapidly developed production capability in the sectors of marine infrastructure…
SNAME announced the recipients of the Graduate Scholarships awarded for year 2015-16. The winners are:Wilbur N. Landers Scholarship Award goes to Alyssa M. Bennett, 2015 Ocean Engineering graduate of Texas A&M University, to study at the University of Michigan…