Peter Hutton has been appointed senior vice president CFO investor relations and will report to chief financial officer Torgrim Reitan.Hutton is currently director of oil and gas research in RBC Capital Markets London, and has broad international experience from the oil and gas industry…
Mexico's state-owned oil company Pemex reported a sharply deeper third quarter loss, nearly 50 percent larger compared to the same period last year, the company said on Friday in a filing with the Mexican stock exchange.Pemex said its quarterly loss totaled 59…
Diana Containerships Inc. (NASDAQ: DCIX) has agreed to extend the present time charter contract with A.P. Møller-Maersk A/S, for its Panamax container vessel, the m/v Sagitta, for a period of minimum 10 months to maximum 12 months. The gross charter rate is US$7…
Singapore, the world's biggest bunkering port, plans to end the so-called 'cappucino effect' in ship fuelling through new meters designed to stop suppliers from short-changing customers, although the industry is warning of a short-term sales dip…
Singapore-based offshore oilfield services firm Ezra Holdings Ltd's quarterly net profit rose 10 percent, with full year revenue rising to a record, powered by a strong performance in its subsea services division. The company said net profit…
Technip, in a joint venture with Fluor, was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities Sdn. Bhd. for the PETRONAS Refinery and Petrochemical Integrated Development (RAPID) project located in the state of Johor…
The Gazprom Board of Directors took note of the information on the Company's financial strategy under the conditions of negative trends in the global financial market for the Russian business entities.It was pointed out that the geopolitical…
On November 13, the newly formed New York Maritime Consortium, a coalition of leaders from New York Maritime Inc. (NYMAR), the Society of Maritime Arbitrators (SMA), the Maritime Law Association (MLA) and the Association of Shipbrokers and Agents (ASBA)…
* TGS Q3 operating profit $71 mln vs forecast $75 mln* PGS Q3 EBITDA $182 mln vs about $180 mln in Oct.15 warning (Adds PGS, detail) Norwegian seismic surveyors TGS and PGS said on Thursday that demand from oil companies had deteriorated…
Yara International ASA delivered strong third-quarter results, with record fertilizer deliveries and continued margin benefit from lower European gas price.'Yara reports a strong third-quarter result with record deliveries, reflecting both organic growth and the Bunge acquisition in Brazil…
Lerwick Port Authority has awarded a construction contract for the latest expansion of the harbour’s facilities in a project costing a total of £16.5 million and which will benefit the fishing and oil sectors.The new jetty at Holmsgarth…
Energy sector service group Glacier Energy Services confirmed the appointment of Jim McAleese as managing director of its newly-formed heat transfer division.McAleese, 51, will lead Glacier's heat transfer repair and refurbishment services business…
Company plans to invest $100 million over the next five years in the development of a new shipyard in Dubai Maritime City to build a global luxury yachts manufacturing facilityDubai Maritime City (DMC), a maritime cluster in Dubai, today…
French oil major Total on Wednesday appointed refining head Patrick Pouyanne as chief executive and former CEO Thierry Desmarest as non-executive chairman.The nominations at the head of the world's fourth-largest integrated oil company came…
The CKYHE Alliance (COSCO, 'K' LINE, Yang Ming, Hanjin Shipping, and Evergreen Line) has announced they will expand their cooperation scope to U.S. Trades and CKYHE files an Agreement and reports to related regulators to comply with their regulations…