The sharp decline in oil prices should not prevent Canada's Conservative government from balancing its next fiscal year budget according to Prime Minister Stephen Harper.He noted that the federal government does not get direct royalties from oil companies…
No longer an abstract ‘pie-in-the-sky’ technology, wind assist propulsion could well be a game-changer in the ‘Carbon Wars.’ Wind assist technologies have come of age for shipping companies. A panel discussion entitled “Accelerating Adoption of Double Digit Fuel Saving Technologies…
If shipyards are the bellwether of maritime market trends, then U.S. yards should today be considered the industry’s market leaders, as well. Notwithstanding the recent (and dramatic) drop in global crude oil prices, the ongoing, so-called ‘domestic…
2H Offshore, an Acteon company, has invested in office facilities in Malaysia and Australia, to support ongoing growth in the Asia Pacific region, the company announced. “The subsea oil and gas industry in Asia Pacific continues to grow rapidly…
Swire Pacific Offshore (SPO) was presented the Sustainable Business Award (SBA) for Business Responsibility and Ethics at the inaugural Responsible Business Forum on Sustainable Development held in Singapore on Tuesday, 25 November 2014.…
The development of gas transmission and distribution infrastructure of Kyrgyzstan was discussed during a meeting held at the Gazprom headquarters hosted today between Alexey Miller, Chairman of the Company's Management Committee and Djoomart Otorbaev…
The Petrobras Orca–1 exploratory well (Tayrona Block) has revealed a natural gas accumulation in Colombian Caribbean deep waters, 40 km off the coast of La Guajira. This is the first discovery in the history of the deep water exploration of this region of the Caribbean…
Petronas, Malaysia's state-owned oil and gas company, delayed giving the final investment go-ahead on Wednesday for its $11 billion liquefied natural gas export terminal in British Columbia, citing high costs and other outstanding issues.'Costs…
Whiting Petroleum Corp shareholders approved the company's all-stock buyout of Kodiak Oil and Gas Corp on Wednesday, a deal that will make Whiting the largest oil producer in North Dakota.Votes representing about 79 percent of Whiting's shares were cast…
North Dakota Governor Jack Dalrymple proposed a two-year state budget on Wednesday that forecasts rebounding oil prices and a 23 percent jump in oil taxes, a tacit bet the state's energy boom will continue unabated.Oil prices have dropped…
Oil prices are set for wild swings after OPEC's decision to let the market find its level, says the hedge fund manager famous for calling the 2008 oil price spike and crash, adding that U.S. producers are set to feel pain.Pierre Andurand…
Alexey Miller, Chairman of the Gazprom Management Committee and Mehmet Konuk, Chairman of the Board of Directors of Botas Petroleum Pipeline Corporation yesterday, signed in Ankara a Memorandum of Understanding on constructing an offshore gas pipeline across the Black Sea towards Turkey…
ABB has designed, manufactured, installed and commissioned a 1,200-kilovolt (kV) circuit breaker the highest AC voltage level in the world.Once the 1200 kV ultrahigh-voltage switchgear is fully operational, it will have a switching capacity of 10…
Europort 2015, the exhibition for maritime technology, has announced a special exhibitor package to benefit companies new to the marketplace and support them in showcasing their talents to the industry worldwide. The Europort ‘New-2-Market’…
The first ban on new hydraulic fracturing in Texas went into effect in the city of Denton, a month after voters deemed the oil and gas extraction method behind the U.S. energy boom a community nuisance.The Texas Oil & Gas Association, an industry group…