The United States District Court for the Eastern District of Louisiana yesterday ruled on the issues raised in the Phase 2 trial of the Deepwater Horizon case: the quantification of oil spilled and BP’s source control efforts following the accident…
Dun & Bradstreet, the world's most trusted source of commercial data and insight, today became the first certified vendor of the Small Business Financial Exchange, Inc.'s wholly owned subsidiary SBFE, LLC. As an SBFE Certified Vendor™, Dun…
Brazilian natural gas and oil producer QGEP Participacoes SA said on Friday it abandoned an offshore exploration block it owns with Brazil's sate-run oil company Petrobras after deciding continued exploration was not economically viable.The returned block…
ABB traction technologies to drive reliable, energy-efficient trains destined for markets ranging from the United States to Europe’s highest mountain railway stationZurich, Switzerland, January 16, 2015 – ABB, the leading power and automation technology group…
Shlumberger Ltd, the world's No.1 oilfield services provider, said it will cut 9,000 jobs, or about 7 percent of its workforce, as it focuses on controlling costs amid plummeting oil prices.The company said it took charges amounting to $1…
MacGregor, part of Cargotec, has won a contract from Fujian Southeast Shipyard in China to supply deck equipment packages for two 78m anchor-handling/offshore support vessels under construction for Singapore-based Adhart Shipping Pte Ltd…
Liquefied Natural Gas Limited informed that the United States Patent and Trademark Office has allowed a patent application related to the Company’s core LNG processing design…
Zargon Oil & Gas Ltd. confirms that the monthly cash dividend for the month of January in the amount of Cdn. $0.03 per common share will be paid on February 17, 2015 to shareholders of record on January 31, 2015. Our dividend policy is reviewed…
Oil majors BP and ConocoPhillips will cut over 500 jobs in the North Sea following similar moves by rivals to reduce costs in one of the world's most expensive exploration areas as oil prices tumble.Although the cuts are relatively small for companies with dozens of thousands of employees…
Meriaura Group to strengthen its position in the market by increasing its cargo fleet. The company has ordered a Dutch Royal Bodewes shipyard two VG EcoCoasterTM -kuivarahtialusta, both a carrying capacity of 4700 tons. The new building contracts were signed in December in Turku…
Yara Marine Technologies (former Green Tech Marine) – a world leading scrubber supplier – has won a contract to deliver 6 exhaust gas cleaning systems (“scrubbers”) to an undisclosed ship-owner in 2015. The vessels are currently under construction at Hyundai Mipo Dockyard in Korea…
California's oil industry is being hit harder than any other state by falling prices because of the comparatively poor quality of its crude and its aging fields.The number of active drilling rigs in the state has more than halved since June 2014…
Dorian LPG Ltd. a leading owner and operator of modern Very Large Gas Carriers ('VLGCs'), today announced that is has received commitments for up to $761 million of debt financing for its VLGC newbuilding program. ABN AMRO Capital (USA)…
The 500-kilovolt Skagerrak 4 HVDC Light® link between Norway and Denmark's Jutland peninsula boosts integration of renewable powerZurich, Switzerland, January 12, 2015 – ABB, the leading power and automation technology group, successfully…
Eagle Bay, the second of two new U.S.-flag crude oil tankers for Exxon Mobil Corporation’s marine affiliate SeaRiver Maritime, Inc., was named at a ceremony at Aker Philadelphia Shipyard. The first-in-class vessel constructed at the shipyard incorporates the latest safety…