AVEVA Group plc announces that it has agreed to acquire FabTrol Systems, Inc. from the Dowco Group of Companies the acquisition is expected to complete by Friday 26 June 2015.FabTrol is a software business, headquartered in Eugene, Oregon…
Mexico's oil regulator voted on Friday to relax rules on bidding terms and contracts that form the first step in a historic sector opening that kicks off this summer with the public auction of 14 shallow water fields.The July auction…
Scorpio Tankers Inc. announced today (i) a new $250 million Securities Buyback Program, (ii) that it has recently taken delivery of an MR product tanker and (iii) that it will not exercise the options to purchase two LR2s currently under…
Maritime Employment: The next three to five years could be a defining era for the Maritime industry. That’s because, in the United States, demand for skilled/technical labor continues to increase in an industry seeing less and less graduates…
The price of oil: everyone seems to be fixated on it. That’s because it also seemingly drives every aspect of the offshore energy business. This includes OSV day rates, rig utilization, shipbuilding and repair, and yes, manpower recruitment…
Remi Eriksen has been appointed as the DNV GL Group’s new president and CEO, succeeding Henrik O. Madsen, who will retire August 1.The DNV GL board of directors began an executive search and selection process in October 2014 to find and…
BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, has been appointed Owners Engineer and lead design consultant by Endeavour Energy for the development of the LNG storage and regasification facility, a part of the Ghana 1000 Gas to Power Project and Africa’s first LNG import terminal…
The world’s biggest nuclear-powered icebreaker keel laying ceremony took place of at the Baltic Shipyard on 26 May 2015.Heads of Atomfflot, the Baltic Shipyard and the RS Branch Office for Nuclear Vessels signed a Keel Laying Acceptance Report of the first serial nuclear-powered icebreaker…
Exxon Mobil Corporation announced today that its shareholders have elected Doug Oberhelman to its board of directors. Oberhelman is chairman of the board of directors and chief executive officer of Caterpillar Inc. With the election of Oberhelman…
Chief Financial Officer of Prosafe Management AS, Sven Børre Larsen, has decided to resign from his position to take on the role as Chief Financial Officer in TGS-NOPEC Geophysical Company in Asker, Norway. The final day of Larsen’s employment at Prosafe is yet to be determined…
Local Nigerian staff at U.S. oil services company Halliburton have ended a nationwide strike over job cuts, a spokesman for one of two oil unions involved in the dispute said on Wednesday.'The strike was called off,' Emmanuel Ojugbana, spokesman…
Glander International Bunkering is proud to announce that Ajay Menon has been appointed as the Managing Director of Glander International Bunkering (India) Private Limited. Prior to his promotion, Mr. Menon was Senior Bunker/Lubricant Trader & Team Leader in the Dubai office…
CSIRO is set to increase confidence in large scale solar by more accurately predicting how different solar photovoltaic (PV) systems will perform on Australian shores.Over the course of a 32 month project supported by $1.3 million ARENA funding…
Oslo-based Höegh LNG said it has signed an Floating Storage and Regasification Unit (FSRU)contract with Chilean Octopus LNG for the Penco-Lirquén LNG import terminal to be located in Concepción Bay, Chile. The contract is for a period…
China's biggest oil and gas company China National Petroleum Corp.(CNPC ) has expressed interested in a terminal in Kyaukphyu in Myanmar to receive imported Liquefied natural gas (LNG). China National Petroleum Corporation has proposed…