A U.S. federal judge on Wednesday denied BP Plc's request to halt payments from the $2.3 billion fund it created to compensate commercial fishermen for financial losses after the British company's 2010 offshore oil spill, according to court records…
The 12,000 barrel-per-day (bpd) Harding oil platform in the UK North Sea is being shut down as a precaution after a worker fell off and died early on Thursday, a spokesman for operator TAQA said.'Production is being shut down,' the spokesman for the Abu Dhabi National Energy Co…
Maritime consultancy firm MirTac announced that Conquest Offshore has purchased the Star software and related database and implementation services. Conquest Offshore will be implementing the maintenance, purchase and safety management software both in the office as well as onboard its fleet…
Reuters - Chesapeake Energy Corp said it planned to cut drilling and well-completion costs by nearly $900 million in 2014 after reporting quarterly results that missed analysts' estimates.The No.2 U.S. natural gas producer, whose shares fell 3 percent in premarket trading…
(Reuters) Singapore's Sembcorp Marine Ltd, one of the largest offshore drilling rig producers in the world, said its net profit in the fourth quarter rose 9.2 percent as higher operating profit offset lower contributions from associates and joint ventures…
Energy sector breathing equipment specialist Air2Work has announced the appointment of new CEO Kevin O'Connor in Aberdeen, as it confirms an investment of more than £1million to expand its UKCS fleet of equipment for workers operating in hazardous environments on and offshore…
Bibby Offshore Singapore (BOS) said it has successfully completed a call out contract with PTT Exploration & Production Co Ltd (PTTEP).The project involved a short notice mobilization, and saw the BOS-operated DP2 ROV Support Vessel, the…
The Aasta Hansteen and Polarled development projects will have significant spinoff effects in the north. So far the projects are set to ensure jobs for 200 people on the Helgeland coast.'Aasta Hansteen is a pioneer project in Northern Norway…
Lloyd's Register Energy provides insight into operational integrity at the 2014 Australasian Oil & Gas Exhibition and Conference, February 19-21. The event will showcase Lloyd’s Register Energy’s (LRE) capability in the oil and gas sector…
Drum Cussac's maritime security market share grew by 50 percent in 2013 In the second half of 2013, the number of secured transits conducted by Drum Cussac, using both armed and un-armed security consultants, was 16% up on the same period in 2012…
Maritime and Merchant AS (to be renamed Maritime & Merchant Bank ASA), which was granted a banking license by The Financial Supervisory of Norway (FSAN) on the 28th of January for establishing a global bank dedicated solely to the shipping and offshore industries…
Global energy technology services company Proserv has secured two contract wins in the Gulf of Mexico worth a combined $17 million. The deals with Noble Energy and Talos Energy will see Proserv carry out work at the operators’ respective Gunflint and Phoenix Field Expansion developments…
Hutton’s Group is expanding its Renewables Division to better service the growing offshore oil and gas and renewable energy sectors.Hutton’s Renewables has relocated to larger quayside premises in the centre of Great Yarmouth’s vibrant maritime…
Stewart Mitchell will take over as chief executive of global offshore and mechanical handling group, Sparrows, on March 10, 2014.The announcement follows the decision of current chief executive, Doug Sedge, to stand down after four and half years with the company…
White House Releases Implementation Plan for the National Strategy for the Arctic RegionThe White House yesterday released the Implementation Plan for the National Strategy for the Arctic Region. The Administration solicited input from Alaska Natives…