The first lifejacket custom-designed specifically for offshore personnel carrying out rope access or work at height has been developed by Survitec Group, the leading provider of survival and safety equipment to the offshore industry.The jacket…
Express Global Logistics Pvt. Ltd.,(EXG), formerly known as Express Transport Private Limited has been bestowed the ‘ Freight Forwarder of the Year – Project Cargo’ at the Gujarat Junction Award 2015. This Gujarat Junction Award function was held recently in Kandla…
DryShips Inc. and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, today announced its unaudited financial and operating results for the fourth quarter ended December 31, 2014.Fourth Quarter…
Brazil's top prosecutor is expected to file charges in coming days against politicians implicated in the Petrobras corruption scandal, a political bombshell that could involve members of Congress and President Dilma Rousseff's government. Under Brazilian law…
Offshore survey service provider Tesla Offshore LLC has promoted Matt Keith to vice president, geoscience manager and an officer with the company, as announced by the company’s president C. D. Schempf, Jr. As a vice president, Keith will…
Norwegian engineering firm Kvaerner will initiate further cost cuts after losing a key Statoil contract to rival Aibel, it said on Tuesday.'We take this as a signal to not only step up the cost reduction measures in Kvaerner but we will…
Khamis Juma Buamim, Chairman of Drydocks World Group and Maritime World participated in the 'Annual Offshore Support Journal Conference' held from February 17th to 19th 2015, in London. The conference saw good participation from key global and regional speakers in the marine…
The Board of Directors of Robert Allan Ltd. have accepted the announcement from Ken Harford, P. Eng. of his intention to retire in June, 2016 after eight years of leadership at Robert Allan Ltd.“Having completed the ownership transition…
Barely two months into his new job as the head of the world's largest offshore driller, Steven Newman was steering Transocean through the 2010 Gulf of Mexico oil spill, quickly earning a reputation as a CEO with a steady hand.Too steady…
Offshore survey company Fugro Chance Inc. has appointed Blaine Thibodeaux to president. His responsibilities include Fugro’s Gulf of Mexico and Arctic offshore operations, including marine positioning, offshore construction and subsea projects…
A sixth victim of last week's deadly explosion on a Petrobras offshore oil and natural gas production ship has been found, according to a statement on Wednesday from BW Offshore Ltd, which operates the vessel for Brazil's state-run oil company…
The Australian Renewable Energy Agency (ARENA) today joined Minister for Industry and Science Ian Macfarlane to officially switch on the Carnegie Perth Wave Energy Project’s onshore power station.Following successful testing last year…
The World Ocean Council is partnering again with The Economist to help engage the ocean business community in upcoming events:For the third Arctic Summit, the WOC is working with The Economist to help ensure Arctic business community participation…
Singapore Technologies Engineering Ltd (ST Engineering) announced today that ST Education & Training Private Limited (“STET”) has increased its issued and paid up capital from S$1m to S$2m. This increase in paid-up capital is by way of a bonus issue of 1…
Transocean Ltd's decision to replace its chief executive will do little to help the company cope with an aging fleet and lower demand for its rigs due to a steep fall in oil prices, analysts said. Shares of the company, which also slashed its dividend by 80 percent to 60 cents per share…