True Heading, a leading manufacturer of Automatic Identification System (AIS) and telematics solutions, announced today they will fulfill a major order from the world’s largest defense contractor, Lockheed Martin.Building on a longstanding partnership…
The board of directors of General Dynamics has elected S. Daniel Johnson to be executive vice president, Information Systems and Technology, effective January 1, 2015, to succeed David K. Heebner, who has informed the company of his intention to retire on December 31…
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…
Caterpillar Marine informed that its Cat® power and propulsion solutions have been selected to power four AHTS vessels for Grupo CBO, headquartered in Rio de Janeiro, Brazil. Each AHTS vessel will be equipped with 4 x 6 M 32 C propulsion…
Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, today said its Mundra Port successfully berthed the largest bulk carrier to call at any port on the west coast of India, thereby making history in the Indian maritime sector…
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…
Dan-Bunkering (Middle East) DMCC has announced that yet another former OW Bunker employee has joined the Dan-Bunkering Group.Effective from 1st December Kurosh Khonsari joined Dan-Bunkering’s office in Dubai as Senior Bunker Trader. Kurosh…
Chicago’s Christmas Ship Committee, Coast Guard set for 15th anniversary of re-enactment, delivery of 1,200 Christmas trees for deserving families. The Coast Guard Cutter Mackinaw, serving once again as this year’s “Christmas Ship” and loaded with more than 1…
German container shipping group Hapag-Lloyd, which is merging with Chile's Compania SudAmericana de Vapores, is in no rush to list its share on the stock exchange, its chief executive said on Wednesday.'A stock market flotation is currently not top priority for us…
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…
Officials with Norwegian Cruise Line and the Board of Commissioners of the Port of New Orleans signed a new four-year berthing agreement today with three one-year options. The agreement will keep at least one Norwegian cruise ship sailing…