Brent crude rose close to $110 a barrel on Wednesday due to mounting tensions in Ukraine, while prices for U.S. oil fell after a report showed a huge build in stockpiles in the world's largest oil consumer.Ukrainian government forces and…
Benchmark Brent oil rose slightly on Tuesday after news that Ukrainian armed forces launched military operations in the east of the country, but crude futures encountered headwinds from the prospect of rebounding oil exports from Libya and the expiration of the front-month contract…
His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World has been invited to speak at the London Summit of Leaders, organized by the Europe Business Assembly from April 15-17, 2014 at the prestigious and historic premises of the British Institute of Directors in London…
Kanoo Machinery, a member of The Kanoo Group received the DP World, UAE Region’s Top Vendor for 2013 during the awards ceremony held recently at Jebel Ali port, Dubai. This is the second consecutive year that Kanoo Machinery earned the top honor…
Noble Energy Inc said Chief Executive Charles Davidson plans to retire on May 1, 2015 and that it intended to appoint Chief Operating Officer David Stover as his successor in October.Davidson will serve as the oil and gas producer's chairman until the company's annual meeting in 2015…
Claudio Descalzi faces a delicate balancing act as he takes the helm of Italian oil major Eni - guaranteeing Italy's gas supply by nurturing relations with Russia, while exploring new drilling frontiers in Africa and Asia to boost profit.The Italian government's choice of Descalzi…
The Board of Braemar Adjusting announced the appointment of Geoff Jones as Group Managing Director of the company with immediate effect.Grant Smith, Chief Executive Officer of Braemar Adjusting, said, “Geoff brings to the company a vast wealth of knowledge and experience…
U.S. crude oil rose to near a six-week high on Friday, steered by stronger gasoline demand and a positive consumer confidence report, but gains were capped by profit taking and a declining demand outlook. The International Energy Agency…
Eike Batista, who was Brazil's richest man for most of the past decade, is under investigation for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and shipbuilding firms, securities industry watchdog CVM said on Friday…
The Subcommittee on Energy and Power today approved H.R. 6, the Domestic Prosperity and Global Freedom Act, by a vote of 15 to 11. Authored by Rep. Cory Gardner (R-Colo.), the legislation would cut through the red tape blocking exports of U…
A new pushboat used to push barges convoys along the Paraguay River will be powered by a Wärtsilä integrated propulsion solution. The vessel is being built at the 'Astillero la Barca del Pescador' (Shipyard SA) yard in Paraguay on behalf of Naviera Yeruti…
President Vladimir Putin warned on Thursday that Russian gas supplies to Europe could be disrupted if Moscow cuts the flow to Ukraine over unpaid bills, drawing a U.S. accusation that it is using energy 'as a tool of coercion'. In a letter to the leaders of 18 European countries…
The National Ocean Industries Association (NOIA) Board of Directors has elected John T. Rynd as Chairman of NOIA and Cindy B. Taylor as Vice Chair of NOIA for the upcoming 2014-2015 term. Rynd and Taylor assumed their positions at the NOIA Annual Meeting today in Washington…
ConocoPhillips, the largest independent oil company, is using the knowledge it gained drilling in Texas' Eagle Ford rocks to fuel growth in less-developed shale formations in North American and even Poland.'The value associated with that learning curve has been pretty tremendous…
Wireline and well intervention technology specialist Wireline Engineering has announced the addition of three key appointments to develop and strengthen its global management team. The company has bolstered its workforce with the addition…