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…
Joe McGladdery, a partner with the London law offices of Wikborg Rein & Co, says that, while falling oil prices have exerted pressure on the LNG charter markets, the new generation of low-speed, dual-fuel LNG carriers now in service and on order remain an attractive option for owners and operators…
The largest U.S. refinery strike in 35 years entered its fourth week on Sunday as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines.Sources familiar with the negotiations said talks may resume by mid-week to end the walkout by 6…
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…
DNV GL was named the ‘Risk Management Consultancy of the Year’ at the Global Risk Awards 2015 for the second year running. With a cross-continent judging panel comprising of more than 24 risk management practitioners and academics, and entries submitted from across the globe…
Union negotiators on Thursday rejected the latest contract offer from oil companies and said the largest U.S. refinery strike since 1980 may spread to more plants beyond the 11 where walkouts are underway.The United Steelworkers union (USW)…
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…
The plunge in oil prices since mid-2014 will lift airline profitability, ease pressure on mining companies, perk up retailers, but strain the oil and gas sector, Moody's Investors Service said in its analytical report 'Low Oil Price Will Lift Airline Profitability…
Swedish bearing company SKF has been awarded one of the first global ISO 50001 certifications for its energy management system by Den NorskaVeritas (DNV), the company announced today.The group's energy management system has been deployed across 38 manufacturing facilities around the world…
The largest U.S refinery workers strike since 1980 passed its 18th day on Wednesday but talks between union and oil company representatives over safety and pay restarted after a gap of a week and went into the night, according to a union text message…
Gas gathering and transmission companies have until now taken on the cost of external consultants or specialized in-house expertise for multiphase network analyses. With DNV GL’s new Multiphase Module in Synergi Gas software, users can take full control of their analyses…
The number of major contracts awarded across the global oil and gas industry declined during the last quarter, according to the latest quarterly report from the UK-based Energy Industries Council (EIC).There were 117 major contract awarded between October and December 2014…
U.S. Attorney Karen L. Loeffler announced that AML Ship Management GMBH, a German company, and Nicolas Sassin, Chief Engineer of a vehicle carrier ship it operated, the M/V City of Tokyo, were both charged with knowingly dumping oil into United…
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…
Norwegian oil services firm Aker Solutions plans to cut its domestic workforce in response to lower demand after crude prices tumbled, the company said on Wednesday.Around 300 employees within the maintenance, modifications and operations…
