Eco Marine Power (EMP) today revealed details of its Aquarius Unmanned Surface Vessel (USV) and announced that it will begin work related to the construction of a prototype. The Aquarius USV is being developed as a cost-effective unmanned surface…
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced the appointment of Captain Rahul Khanna to Global Head of Marine Risk Consulting, effective July 1, 2014. In this position, Captain Khanna…
Marathon unit Speedway to buy the business Deal to give Speedway gas stations, East Coast stores Marathon shares up slightly, Hess up 1.8 percent Refiner Marathon Petroleum Corp said it would buy oil and natural gas company Hess Corp's retail and transport business for $2…
An attorney for Texas' leading power company, the bankrupt Energy Future Holdings, told a court hearing on Thursday that it will delay seeking court approval of a restructuring support agreement that lays a path out of Chapter 11.At the…
The innovative walking jack-up platform WaveWalker 1 was presented with the Product and Equipment Innovation Award at the prestigious Ground Engineering (GE) Awards ceremony in London earlier this week.WaveWalker 1, developed by Fugro and Van Oord…
Oilennium Ltd, a Petrofac Training Services (PTS) company that provides eLearning training services to the oil and gas industry, is expanding its UK and USA offices as demand for its services continues to fuel dramatic growth in the UK and USA…
'If I work in your Beijing, I would shorten my life at least five years,' Premier Zhu Rongji, a career politician from Shanghai, quipped in 1999, referring to the notorious air pollution in China's northern capital. Research has confirmed life expectancy in northern China is 5…
The International Association of Drilling Contractors (IADC), North Sea Chapter once again recognized the very best in safety performance at its annual Safety Awards Ceremony held in Aberdeen.Julian Hall of Ensco, North Sea Chapter Chairman…
Q1 2014 revenue up 7% over Q1 2013 to US$ 89.4 million as a result of the expansion of the core vessel fleet and high vessel utilization.Topaz Energy and Marine has announced the results of its subsidiary Nico Middle East Ltd. (“NMEL”) for the three months ended 31 March 2014 (“the period”)…
State-owned French nuclear power engineering group Areva confirmed on Tuesday that it would change its governance structure after pressure from its main shareholders, the state and the French Atomic Energy Commission.The move creates a single board of directors…
Russia's top oil producer Rosneft has issued tenders to sell 876,000 tonnes of vacuum gasoil (VGO) out of the Baltic Sea and the Black Sea between July and December, traders said on Tuesday. One tender calls for bids to buy up to 540,000…
The U.S. needs a better strategy to coordinate and prioritize its policies related to the Arctic region, according to a Government Accountability Office (GAO) study out today that was released by Reps. Rick Larsen (WA-02), Tim Bishop (NY-01)…
Long-range clean tanker rates stayed firm on Monday extending a recent rally with firmer cargo demand bolstering sentiment further. Long Range 1 tankers, carrying 55,000 tonne loads from the Middle East Gulf (MEG) to Japan, reached W117…
French oil major Total has cut its presence in the Libyan capital Tripoli to a minimum over security concerns, although it is not evacuating staff from Libya and offshore operations are continuing, a spokeswoman said on Monday. 'We are monitoring the situation…
China is investigating a corruption inspector for corruption, China's Central Commission for Discipline Inspection (CCDI) said on Monday, as an anti-graft campaign intensifies. Since President Xi Jinping's appointment last year, the government…