The gigantic Johan Sverdrup field, one of the most profitable industrial projects in Norway over coming decades, will provide enormous value.Construction of the first phase may lead to 51,000 man-years related to Norwegian deliveries, and…
ExxonMobil has signed an agreement to become a founding member of the MIT Energy Initiative (MITEI), a unique collaboration aimed at working together to advance and explore the future of energy. MIT President Rafael Reif and TJ Wojnar, Jr…
Last Friday (10/31) Petrobras and PPSA (Pré-Sal Petróleo S.A.) signed a Production Individualization Agreement (PIA) for the Tartaruga Mestiça field, in the southern part of the Campos Basin. This Agreement sets out the rules for joint production…
Global safety standards body, OPITO, says safety in the oil and gas industry is still not good enough despite a five year improvement in the Middle-east. At its fifth annual safety and competence conference (OSCC 2014) in Abu Dhabi today (4 November 2014)…
Around 66 students from universities across Scotland will compete to be named the 2014 Energy Apprentice in a competition organized and hosted by the Society of Petroleum Engineers (SPE) Young Professional Aberdeen Section Committee.Sponsored by Total…
MTN Communications (MTN) is building a business development and technical team in Houston in response to 20 percent year-over-year growth in oil and gas vessels served, the company said.“Building our Houston team is one more investment in…
A new recruitment business catering for the specialist recruitment needs in the shipping, maritime, logistics and oil and gas sectors has been launched in Singapore.Headed up by Managing Director Jason Tay, Direct Search Asia will seek to…
In accordance with DTR 5.6.1 of the FCA's Disclosure and Transparency Rules (DTR), the Company is required to notify the market of its total number of voting rights and capital as at the end of each calendar month. The issued share capital of the Company is comprised of the following:- 1…
Gibbs & Cox, Inc., an independent naval architecture and marine engineering firm, announced the appointment of Mr. Benedict P. Capuco as Chief Naval Architect. In this role, Capuco will provide corporate leadership to the company's naval…
Marine and coastal environment specialist, BMT Oceanica (BMT), a subsidiary of BMT Group Ltd, has been awarded the Australian Petroleum Production & Exploration Association’s (APPEA) “Understanding the Risks of Unplanned Discharges” study…
Monthly oil output in Russia, the world's biggest producer, was flat in October, according to energy ministry data published on Sunday.Russia pumped an average 10.6 million barrels per day (bpd)last month, producing a monthly total of 44…
Denmark should ban coal use by 2025 to make the Nordic nation a leader in fighting global warming, adding to green measures ranging from wind energy to bicycle power, Denmark's climate minister said on Saturday.Denmark has already taken…
Venezuela and Ecuador are working on a joint proposal to defend oil prices that the two countries will present at the next OPEC meeting, Venezuelan President Nicolas Maduro said on Friday.Venezuela was the first country to request an…
Egypt signed $350 million worth of financing agreements with Saudi Arabia on Saturday aimed at upgrading its power grid and securing imports of petroleum products as it seeks to end its worst energy crisis in decades.Power cuts have become…
Unidentified drones illegally overflew five French nuclear power plants overnight, a source with knowledge of the matter said on Saturday, in the latest of a series of unexplained incidents that have raised safety concerns.The small unmanned…