'If I work in your Beijing, I would shorten my life at least five years,' Premier Zhu Rongji, a career politician from Shanghai, quipped in 1999, referring to the notorious air pollution in China's northern capital. Research has confirmed life expectancy in northern China is 5…
The International Association of Drilling Contractors (IADC), North Sea Chapter once again recognized the very best in safety performance at its annual Safety Awards Ceremony held in Aberdeen.Julian Hall of Ensco, North Sea Chapter Chairman…
Q1 2014 revenue up 7% over Q1 2013 to US$ 89.4 million as a result of the expansion of the core vessel fleet and high vessel utilization.Topaz Energy and Marine has announced the results of its subsidiary Nico Middle East Ltd. (“NMEL”) for the three months ended 31 March 2014 (“the period”)…
State-owned French nuclear power engineering group Areva confirmed on Tuesday that it would change its governance structure after pressure from its main shareholders, the state and the French Atomic Energy Commission.The move creates a single board of directors…
Russia's top oil producer Rosneft has issued tenders to sell 876,000 tonnes of vacuum gasoil (VGO) out of the Baltic Sea and the Black Sea between July and December, traders said on Tuesday. One tender calls for bids to buy up to 540,000…
The U.S. needs a better strategy to coordinate and prioritize its policies related to the Arctic region, according to a Government Accountability Office (GAO) study out today that was released by Reps. Rick Larsen (WA-02), Tim Bishop (NY-01)…
Long-range clean tanker rates stayed firm on Monday extending a recent rally with firmer cargo demand bolstering sentiment further. Long Range 1 tankers, carrying 55,000 tonne loads from the Middle East Gulf (MEG) to Japan, reached W117…
French oil major Total has cut its presence in the Libyan capital Tripoli to a minimum over security concerns, although it is not evacuating staff from Libya and offshore operations are continuing, a spokeswoman said on Monday. 'We are monitoring the situation…
China is investigating a corruption inspector for corruption, China's Central Commission for Discipline Inspection (CCDI) said on Monday, as an anti-graft campaign intensifies. Since President Xi Jinping's appointment last year, the government…
Russian Urals prices in the Mediterranean held close to a 14-month low on Wednesday due to very weak refining margins in the region and cheaper alternative grades. Vitol offered a 140,000 tonne cargo from Novorossiisk for loading May 24-28 at dated Brent minus $1…
Argentine oil company Pluspetrol and its partners at blocks 88 and 56 at the Camisea field in Peru are offering to sell two 300,000 barrel naphtha cargoes for delivery from June 6 to July 5 at Pisco, according to an invitation seen by Reuters on Monday…
Volunteers, soldiers build sandbag defences At least 38 killed in Balkan region Bosnia says 1 million cut off from clean water More than a quarter of Bosnia's four million people have been affected by the worst floods to hit the Balkans in more than a century…
Sir Richard Branson is a last minute addition to the list of speakers at All-Energy 2014. The U.K.’s renewable energy exhibition and conference is being held at Aberdeen Exhibition and Conference Centre (AECC), May 21-22. Speaking live from his renowned Necker Island base…
PetroChina's overseas operations chief Bo Qiliang is under official investigation after being removed from his post, a company source with knowledge of the matter told Reuters. Earlier on Friday, PetroChina said in a filing with the Shanghai…
Wellsite Rental Services Appoints FaucheauxWellsite Rental Services has appointed Blair Faucheaux as controller.Faucheaux’s responsibilities include the management of all financial matters and support to the management and ownership teams…