Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service.It is anticipated that the board of directors of Exxon Mobil Corporation will appoint Neil A…
The United States welcomes an agreement between Iraq's central government in Baghdad and its northern Kurdistan region over the management of oil exports, U.S. Vice President Joe Biden said on Saturday.Biden told an Atlantic Council summit…
Kinder Morgan Energy Partners said on Friday that crews have resumed survey work related to its Trans Mountain pipeline expansion project in the Vancouver suburb of Burnaby, even as Canadian police arrested more protesters at two work sites…
Nigeria plans to cut subsidies on petroleum products by half next year after sharp falls in global crude prices, spurred the government to revise its 2015 budget downwards, data from the revised budget seen by Reuters showed on Friday.President…
Former chief of car maker Peugeot Philippe Varin confirmed that the French government plans to propose him as chairman of state-controlled nuclear group Areva's new executive board.'You know I am being considered to become chairman of Areva…
Shareholders in Danish wind turbines maker Vestas are anxiously waiting for U.S. lawmakers to decide if a crucial tax break for wind power will be extended, as a favorable decision could send its share price bouncing up by over 10%, according to analysts…
Electromagnetic Geoservices ASA (EMGS) has received a contract worth USD 1.5 million for a research project in Brazil. The project will use 3D EM data to map shallow gas hydrates in the Pelotas Basin.The project is a collaboration between…
Achinsk Refinery started shipping high octane gasoline and diesel fuel of the quality no lower than environmental class IV of the Technical Regulations. The Company, therefore, resumed output of commercial motor fuels after the accident that happened on 15 June…
Rosneft reports on 100% completion of the geological survey program on Company's offshore license areas for 2014.In the current year geological survey covered 24 license areas with the scope considerably exceeding license obligations…
To offset the additional cost incurred by switching to cleaner fuels in Emission Control Areas, as required by the new regulation, Maersk Line will introduce a new Low Sulphur Surcharge (LSS). The surcharge will be effective from 1 January 2015 and affect all cargo with load port…
Rowan Companies plc informed today that its monthly report of drilling rig status and contract details have been updated as of November 20, 2014. Notable events in the current report include:Rowan Louisiana: As previously indicated…
The Bureau of Safety and Environmental Enforcement (BSEE) is responding to an explosion at West Delta 105 in the Gulf of Mexico, approximately 12 miles off the coast of New Orleans. The offshore oil and gas operator, Fieldwood Energy, reported…
A Panama Canal delegation headed by Administrator Jorge L. Quijano visited Japan to hold discussions with the Japan Shipowners’ Association (JSA) and the major Japanese shipping lines, as well as end customers such as Japanese car manufacturers and energy sector companies…
A maritime care home in Surrey has taken a huge leap into the world of green living, cutting its carbon footprint and working towards becoming self-sufficient. The Royal Alfred Seafarers’ Society has installed solar panels, a biomass boiler and a borehole at its facilities in Banstead…
Nordic American Tankers Limited Chairman & CEO Herbjørn Hansson addressed the impacts of low oil prices on the tanker business in a letter to shareholders, citing the decrease in oil price as an overall positive for the world tanker market and…