There are questions whether the low oil price is benefiting South Africa. ICE Brent spot price is trading around $30, the lowest level in 12 years, seen in the context of market surplus. The December meeting in which OPEC failed to set a total…
VARO Energy, a growing downstream player in the North West European-market, today announced that the group has completed its acquisition of Hydrocarbon Hotel (HCH), a modern hydrocarbon product blending and storage terminal in the port of Amsterdam from Blue Ocean Associates Ltd (BOA)…
Global liquefied petroleum gas (LPG) export volumes for the calendar 2015 reached 80 million metric tons, an 11 percent increase over the previous year. U.S. LPG exports alone reached a record of nearly 21 million metric tons, which is a 50 percent increase over the previous year…
ATPI Griffinstone, part of the ATPI Group, has secured a travel management agreement with Teekay Offshore. Teekay Offshore has decided to consolidate all of its travel management through ATPI Griffinstone a global travel management company with specialist dedicated services for energy…
VARD’s new LNG tank design has been granted General Approval for Ship Application (GASA) by DNV GL. The new LNG-type B-tank design is based on vertical cylindrical-shape geometry and has a patented support design.The tank is the result of…
InterMoor, an Acteon company, has appointed Folabi Bolatiwa as general manager in Nigeria. Bolatiwa will be responsible for overseeing the company’s continued growth in the region. InterMoor provides integrated solutions that include the design…
Merger creates significant opportunities for candidates, clients and contractors. Air Energi Group Limited and Swift Worldwide Resources Limited have merged to form Airswift Holdings Limited, a $1.2bn turnover company specialising in global workforce solutions for the energy…
Press release - KPI Bridge Oil, a trader and broker in marine fuels, marine lubricants and risk management products, has launched its anticipated brand refresh.The refreshed brand delivers the company’s new tagline ‘responsive maritime…
Norwegian oil major Statoil expects to have between 20,700 and 21,000 employees and consultants working for it by the end of 2016, down from 25,500 at the height of the crude price boom, the company said on Tuesday.'This corresponds to a…
Today Vladivostok-based Far Eastern Federal University (FENU) opened the International School of Ice Ice Mechanics to 30 students and young scientists from Russia, China, Korea, India, Indonesia and Norway. They will study the basics of field…
Research reveals 86% of respondents expect oilfield services M&A to increase in the next 12 months, 30% anticipating major surgeA desire to capitalize on distressed situations, grow international market share and acquire new technology will…
An agreement has been signed between Wärtsilä and Cavotec to jointly develop the world's first combined induction charging and automatic mooring concept.Wärtsilä has developed a wireless charging system based on inductive power transfer…
Following the allegations made on December 17, 2015 by the Brazilian Public Prosecutor's Office (Ministério Público Federal - 'MPF') regarding SBM Offshore's CEO, Mr. Bruno Chabas, and a member of the Company's Supervisory Board, Mr. Sietze Hepkema…
A majority of senior oil and gas professionals (56%) believe that the industry is repeating the mistakes of previous downturns and have concerns over the loss of jobs and experience and lack of efficiency, according to a new report published today by DNV GL…
Keppel plans to consolidate its interests in business trust, REIT and fund management under Keppel Capital and grow its asset management business.In a major restructuring exercise to grow the contribution from its Investment Division, Keppel…