Some cash-strapped U.S. oil and gas companies are considering creating an unusual layer of debt as a way of surviving the rout in oil and gas prices, according to restructuring advisors.Chesapeake Energy Corp for example is considering the strategy to swap some of its roughly $9 billion debt…
Subsea IMR provider, N-Sea, has won the Safety Innovations award at this year’s SPE Aberdeen Offshore Achievement Awards. Winners were announced at an awards ceremony last night at the Aberdeen Exhibition and Conference Centre (AECC). The…
In a meeting in the Corporate Assembly of Statoil ASA on 17 March 2016, Jeroen van der Veer was elected as a new member of Statoil's board of directors. Van der Veer was the Chief Executive Officer in the International oil and gas company Royal Dutch Shell Plc (Shell) in the period 2004 to 2009…
The nomination committee in Statoil (OSE:STL, NYSE:STO) recommends that the company's corporate assembly elects Jeroen van der Veer as a new member of Statoil's board of directors. Van der Veer was the Chief Executive Officer in the…
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that the company, along with Tokyo Keiki Inc. (President & CEO: Kenichi Waki; Headquarters: Ota-ku, Tokyo), conducted a performance demonstration test of its autopilot route control function…
FleetWeather Ocean Services, experts in business intelligence and analytics for the commercial shipping industry, today opened its doors under a new name and new brand: Accuritas Global Solutions…A business intelligence and analytics company…
AS Mosley has strengthened its senior management team with two new appointments. Aberdeenshire-based AS Mosley has welcomed Dr Andrew Trim (Andy) and Dr Appapillai Thavalingam (Thava) as it prepares to strengthen existing capabilities.…
Tekmar Energy Ltd, a leading supplier of subsea cable protection, has strengthened its senior management team with the appointment of Barry Cooper as Operations Manager. Bringing more than 15 years of experience in the offshore sector, Cooper…
In recent years, fishing communities in North West Europe have reaped numerous benefits from the rise of offshore wind – fishing vessels and their crews have been regularly employed for the transfer of technicians and equipment to wind farms off the coast…
GTT Training, a specialist LNG training and simulation provider, announces the award of a first contract to supply its G-Sim LNG simulator software to L-3 DPA and Chevron. The contract involves the development of a new LNG Carrier model…
The five international financial institutions partially financing the Panama Canal Expansion Program traveled to Panama earlier this week to see the 96.6 percent progress made thus far.During their three-day visit to the Canal, representatives were guided through the Agua Clara and Cocoli locks…
Scientists are better able to measure how climate change may cause extreme weather such as droughts, heat waves and heavy rain, but research does not clearly tie wildfires, tornadoes and hurricanes to global warming, the top U.S. scientific organization said on Friday…
Indian shipping trade union the National Union of Seafarers of India (NUSI) has asked the Indian Ministry of Shipping for financial help toward the training of maritime workforce in oil exploration activities. The union’s General Secretary…
SSI members and key industry stakeholders work together to define tangible milestones across all areas of sustainability that must be collectively delivered by the industry to meet the SSI’s 2040 Vision London – 7 March 2016 - The Sustainable Shipping Initiative (“SSI”)…
DNV GL has appointed Ditlev Engel as the new CEO of its Energy business area. Starting April 4, Engel will succeed acting CEO Elisabeth Harstad and report to the Group President & CEO Remi Eriksen.Engel will join DNV GL as CEO of the group’s Energy business area…