Singapore Technologies Engineering Ltd (ST Engineering) today announced that it has injected US$66m (approximately S$89m) into the capital of its US Headquarters, Vision Technologies Systems, Inc. (VT Systems), for the repayment of bank loans…
Ship owners and operators can now compare fuel cost savings reaped by hull cleaning with GAC EnvironHull’s online fuel savings calculator.A foul-free hull offers the benefits of significantly enhanced fuel efficiency and lower operating costs by reducing resistance in the water…
Shell has started discussions with employees in Australia about job reductions, the company said on Wednesday, as part of plans to cut 10,300 jobs worldwide to lower costs.'Shell last week commenced conversations with employees about business…
Aker Solutions and ABB agreed to build on their combined strengths in subsea, power and automation technologies to develop solutions that will improve oil and gas production for the global energy industry.The cooperation will integrate Aker…
Technip has signed a four years extension of its five-year initial contract signed in January 2011 with Petrobras S.A. for its Flexible Pipes Logistic Base (BAVIT), located in Vitória, Brazil.The scope covers storage, handling, inspection…
Leading specialist in well diagnosis, EV, has announced the acquisition of Aberdeenshire-based well integrity software supplier, Epidote Limited, to enable a world-class well diagnosis service. The acquisition results in EV taking full ownership of the company and its five employees…
ExxonMobil has compiled five ‘top-tips’ to help vessel operators effectively switch fuels when entering and exiting Emission Control Areas (ECAs) without introducing maintenance issues. ExxonMobil highlights that switching fuels at correct time is key to meeting 0…
Babs Omotowa, Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), has raised alarm over Nigeria’s dwindling investments in Liquefied Natural Gas (LNG), according to a report in Thisday. He noted that with no new investments…
Royal Dutch Shell will close the head office of BG Group, the gas producer it agreed to acquire for $50 billion in February, by the end of the year, it said on Monday, as part of a plan to save costs and cut 10,300 jobs worldwide.The oil…
Statoil today enters the German offshore wind market, through a 50% acquisition of the Arkona offshore wind farm. Statoil and E.ON also announced the final investment decision on the 385 megawatt project.The estimated total investment for the project will be in excess of EUR 1…
Veritas Petroleum Services (VPS) and Seagull Maritime AS announced today that they have signed a collaborative agreement that will capitalise on their complementary strengths to bring state-of-the-art fuel management training to the maritime industry…
ExxonMobil and its employees contributed a total of $45.4 million to institutions of higher education across the country as part of the ExxonMobil Foundation’s 2015 Educational Matching Gift Program.ExxonMobil employees, retirees, directors and surviving spouses contributed $13…
A large number of Qatargas employees participated in the third annual Qatargas beach clean-up held on Saturday (23rd April) at Al Ghariya beach, 85 kilometers North of Doha.Qatargas launched the annual beach clean-up day initiative in 2013…
ExxonMobil said today it has started production at its Point Thomson project, the first company-operated project on Alaska’s North Slope.Central pad facilities are designed to initially produce about 5,000 barrels per day of condensate and 100 million standard cubic feet per day of recycled gas…
Transocean, the world's leading offshore drilling contractor with 61 rigs in its fleet, has issued a Fleet Status Report that provides the current status of and contract information for the company's entire fleet of offshore drilling rigs. Being…