As Imperial Oil, as senior partner in the northern venture with ExxonMobil and BP, told Canada’s National Energy Board (NEB) that the exploration program has been deferred, the plan to revive arctic gas and oil drilling in deep Canadian waters of the Beaufort Sea ground to a halt…
Sustainability is now firmly on the global business agenda, but there is an urgent need to turn words into action. This is a key conclusion in the independent report; “Impact – Transforming Business, Changing the World” prepared by DNV GL on behalf of the United Nations Global Compact…
BAM International has completed its €65 million project to construct the Aqaba LNG terminal for Aqaba Development Corp. (ADC). The operating company of Royal BAM Group handed over the project on 23 June, two months ahead of schedule. The…
China Ocean Shipbuilding Industry Group (COSIG) with its unit, China Ocean LNG has bought a 47% stake in Jiangxi Petrochina Kunlun Gas (Jiangxi Gas) for a total of ($6.2m), according to a stock market statement. The Chinese yard noted the benefits of investing in Jiangxi Gas…
Xodus Group has promoted Andrew Sewell to the role of Global Subsurface Lead to drive forward its global subsurface capabilities.Sewell has more than 24 years’ experience working in the oil and gas industry, initially as a Geophysicist, and joined Xodus in 2012 as Subsurface Manager…
Classification society and IACS member Indian Register of Shipping has established an ‘India and Offshore Advisory Committee’ with a vision to raise the profile of its services and receive strategic advice for growth in South Asia region…
TransCanada Corp, the backer of the controversial Keystone XL pipeline project, said on Tuesday it has eliminated 185 jobs following a restructuring of its major projects department.The company said 100 of the cuts came from its full-time staff while the remainder were contract employees…
Webb Institute presented Thomas B. Crowley, Jr., CEO and Chairman of the Board of Directors at Crowley Maritime (Oakland, CA), with an Honorary Doctorate of Commercial Science degree at Webb Institute’s 119th commencement on Saturday, June 20th…
Oil and gas industry service provider Petrofac has selected a range of Alfa Laval environmental products for the new Petrofac JSD6000. Alfa Laval PureDry, PureBilge and PureBallast will all be installed aboard this game-changing derrick lay vessel…
An oil platform run by Mexico’s state oil company Petroleos Mexicanos (Pemex) in the southern Gulf of Mexico suffered what appeared to be an explosion on Monday. Pemex confirmed that there had been an “accident” and a “fire” after a leak of oil and gas…
Polish energy company Polskie Gornictwo Naftowe i Gazownictwo (PGNiG) will compete with Russian companies Rosneft and Lukoil, as well as a number of other companies, for Norwegian Arctic licenses. If successful, PGNiG could potentially…
Nigeria Liquefied Natural Gas Company (NLNG) is sponsoring the construction of the first major ship yard in Africa's biggest economy at the cost of $1.5 billion, in its attempt to turn the country into a hub for maritime operations on the continent…
The multi-function PowerhouseTug & Barge (PTB) system is a novel design that utilizes electric propulsion in the barge and a tugboat with a set of generators as a power pack. This concept has two basic differences with traditional ATB (Articulated Tug &…
Mitsui O.S.K. Lines, Ltd., today announced that its group ship management company for dry bulkers, Magsaysay MOL Ship Management, Inc. has acquired certifications from Nihon Kaiji Kyokai, for Energy Management Systems (ISO50001*1) and Environmental Management Systems (ISO14001*2) on June 18…
The hijacked oil tanker Orkim Harmony has been released by pirates, who fled in the ship's rescue boat, Malaysian navy and maritime officials said on Friday. The Orkim Harmony, hijacked on June 11 off the Malaysian coast by pirates reportedly armed with pistols and machetes…