The chief executive of Transocean Ltd , one of the world's top offshore drilling companies, is stepping down and the company is slashing its dividend as business slows on tumbling crude oil prices.Transocean said on Sunday that Chairman Ian Strachan…
When Ian Sandlin was laid off last week after 13 months working on oil rigs in southeast Texas, he was surprised to have lasted that long.'I knew it was coming,' he said. 'I wasn't the first to be let go.'The 27-year-old Houston native…
An agreement has been reached between Wärtsilä and Cryonorm Systems BV, the Netherlands based developer and supplier of cryogenic vaporizers, to form a consortium to deliver LNG systems for the Inland Waterway (IWW) European market.The…
As previously announced, Electromagnetic Geoservices ASA (EMGS) has issued claims against Petroleum Geo-Services (PGS) in the High Court of Justice, Patent Court, in London, UK, and in Norwegian courts on the basis that PGS used its Towed Streamer EM in the territory of the United Kingdom…
Petroleum Geo-Services ASA ('PGS' or the 'Company') today announces that Oslo District Court in its judgment of 13 February 2015 ruled in favor of PGS in the lawsuit filed by ElectroMagnetic GeoServices ASA ('EMGS') against PGS for patent…
Keppel Corporation Limited (Keppel) is pleased to announce the appointment of Mr Till Vestring as Independent Director on the Company's Board with effect from 16 February 2015Mr Vestring, 50, is a partner in Bain & Company's (Bain) Southeast Asia office…
Jacob Stolt-Nielsen, 83, passed away today in the company of his family at his home in Oslo. An entrepreneur and visionary of boundless enthusiasm and energy, Jacob Stolt-Nielsen founded Parcel Tankers, Inc. in 1959 and pioneered the global trade for liquid chemicals…
The founder of India's Sun Pharmaceutical Industries Inc, Dilip Sanghvi, has agreed to buy a 23 percent stake in Indian wind turbine maker Suzlon Energy Ltd for about $290 million, the company said late on Friday.Sanghvi, India's second-richest man…
Crude price volatility may not have completely closed the funding doors for US high-yield energy companies as private equity firms and new funds prepare to snap up juicy yields on offer after a recent slump in the sector's bonds.In a likely sign of things to come…
In order to remain competitive and reduce costs, the management of Viking Supply Ships A/S (VSS) has decided to close down the Aberdeen office with effect from 1 July 2015.The Aberdeen office has operated the Viking PSV fleet and the organisational…
*Sales of NOK 9.2 billion 4Q 2014 vs NOK 7.5 billion 4Q 2013*Earnings before interest, taxes, depreciation and amortization (EBITDA) of NOK 786 million vs NOK 661 million a year earlier*Earnings before interest and taxes (EBIT) of NOK…
Mitsui O.S.K. Lines, Ltd. announced today that through a joint venture ship-owning company with Itochu Corporation charter agreements have been signed with E.ON Global Commodities SE, a wholly owned subsidiary of E.ON SE. The joint venture…
Harvey Gulf International Marine LLC made maritime history in North America last week by being not only the first owner/operator of a dual fuel offshore support vessel to bunker LNG as a marine fuel but to also successfully complete the first…
New leadership for BOEM’s Office of Renewable Energy Programs The Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced James (Jim) F. Bennett as BOEM’s new Chief for the Office of Renewable Energy Programs (OREP)…
When Ian Sandlin was laid off last week after 13 months working on oil rigs in southeast Texas, he was surprised to have lasted that long. 'I knew it was coming,' he said. 'I wasn't the first to be let go.' The 27-year-old Houston native…
