After 20 years in the oil business, Craig Reed, 62, is thinking about winding down his career just as a second downturn in six years rocks the industry.Reed is part of the baby boomer generation that forms the backbone of the U.S. oil workforce…
BP has appointed John Sawers, former head of Britain's MI6 secret intelligence service, to its board as a non-executive director, the energy company said on Thursday.Sawers completed a 5-year tenure at the head of MI6 in November 2014 and…
Coal mining giant Glencore has now applied to have the competition watchdog oversee pricing in the newly privatised Port of Newcastle, reports The Sydney Morning Herald. The NSW port is hiking some shipping charges up to 60 percent after its $1…
Nippon Yusen Kabushiki Kaisha (NYK Line) has concluded time-charters for two new LNG carriers with Diamond Gas International, a Singapore affiliate of Mitsubishi Corporation. NYK also concluded a contract with MI LNG Company Limited for the construction of the LNG carriers…
Despite industry gloom about the offshore market, orders for production floaters continue to flow. Over the past few weeks a speculatively-ordered FLNG found use off Africa, negotiations began to convert a third LNG carrier to an FLNG, an FSRU…
Maersk Line lost market share in container shipping in the first quarter, disappointing analysts who said A.P. Moller-Maersk's forecast-beating results on Wednesday had been helped by one-offs. While the world's largest container shipping…
Universal LNG Holdings has launched West Africa LNG Development, a ground-breaking solution partnership between Universal LNG Holdings and Sembcorp Marine Group Company. With Sembcorp Marine's wholly owned subsidiary Jurong Shipyard participation…
A potential deep-water port LNG export project for the Gulf of Mexico has submitted applications to the Maritime Administration and the United States Coast Guard for approval. Delfin LNG LLC has submitted an application to the Maritime…
Statoil appoints new chief financial officer (CFO), and launches business area for New Energy Solutions (NES). Three new executive vice presidents (EVPs) are appointed as members of the corporate executive committee (CEC).CFO Torgrim…
Mitsui & Co. has signed a 25-year time charter deal with Trinity LNG Transport for the eight liquefied natural gas (LNG) carrier that will ship the liquefied natural gas from Cameron LNG project in the United States. “Mitsui has newly contracted yesterday the eighth ship…
New offices boost Schiphol freight services and oil and gas support from Den Helder GAC Netherlands announced it is expanding its range of services with the opening of two new branches to offer air freight solutions at one of northern Europe’s…
Surprisingly, it seems that the use of VLCCs for floating storage has increased in recent weeks, says a report by Poten & Partners Information about the ships reveals that about every third vessel on charter contract earlier this year is now being used for floating storage…
United Nations Secretary-General Ban Ki-moon has appointed Dr Henrik O. Madsen, Group President & Chief Executive Officer of DNV GL, as a new board member to the UN Global Compact board, the world’s largest voluntary corporate sustainability initiative…
Inchcape Shipping Services (ISS) said it has expanded its operations in North and Central America with the opening of a new office in Anchorage, Alaska. The new office will give ISS a physical presence in this strategically important area of Alaska…
Loss-making French state-controlled nuclear group Areva plans to axe as many as 6,000 jobs, about 14 percent of its headcount, as it seeks to reduce labour costs by about 15 percent in France and 18 percent in total internationally.'We expect 3…