'This is the really crappy part of the job, and this is what I hate about this industry frankly,' the chief executive of oilfield services company Baker Hughes complained as he announced it would lay off 7,000 employees.Baker Hughes is cutting…
Electromagnetic Geoservices ASA (EMGS) will receive uplift revenues of USD 2.5 million related to the licensing round for mature areas on the Norwegian continental shelf - Awards in Predefined Areas (APA). EMGS' multi-client data library in Norway now covers 44…
Rolls-Royce announced today that James Guyette, President and Chief Executive Officer of Rolls-Royce North America, has decided to retire after 17 years with the company. He is currently an Executive Director on the Board of Rolls-Royce plc and Chairman of Rolls-Royce North America Holdings Inc…
Hafnia Tankers Ltd have entered into an agreement to acquire 4 LR1 product tankers.This acquisition confirms the commitment of Hafnia Tankers and its stakeholders to further expand the business within the product tanker segment.The vessels are: Kihada – to be renamed Hafnia Africa…
The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licences of Hong Fatt Oil Trading Pte Ltd and Tankoil Marine Services Pte Ltd with effect from 9 February 2015.The two companies…
The ExxonMobil Foundation today identified the 30 Dallas County nonprofit agencies that will receive grants through the 2015 ExxonMobil Community Summer Jobs Program, now in its 25th year in Dallas. The eight-week summer program provides…
The American Association of Port Authorities (AAPA) is sponsoring a its first ever seminar on new and emerging energy technologies for port and maritime industry professionals in Pensacola. Hosted by the Port of Pensacola, The Maritime Economic…
Jay Daga has been named Chief Financial Officer of Topaz Energy and Marine, an international offshore support vessel owner with operations in the Middle East, Caspian and West Africa. Daga will take his position with immediate effect, having…
The cleanup and response operations continue for oil released at the Shell Wharf in Martinez, Wednesday.Assessments conducted throughout Wednesday continue to show no impact to the shoreline or wildlife, and no impact to the Martinez Marina or nearby marsh…
On Friday 6 February 2015, Wuchang Shipbuilding Industry Co., Ltd., China, held a steel cutting ceremony for the first of four platform supply vessels of ULSTEIN’s PX121 design being built for Otto Offshore Limited. The shipbuilding contracts at Wuchang were announced in August 2014…
Five new Arc 7 design ice-class LNG carriers being built at the Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea will be powered by a total of 30 Wärtsilä 50DF dual-fuel engines. The vessels will operate in arctic conditions to serve the Yamal LNG project in Northern Russia…
Australia Pacific LNG today announced it had reached a significant milestone with the arrival of first gas from its coal seam gas fields in the Surat Basin to its liquefied natural gas (LNG) facility on Curtis Island, near Gladstone, Queensland…
Royal Dutch Shell Plc and the United Steelworkers union (USW) negotiated for hours on Tuesday over a new labor contract for U.S. refinery workers, the company said on day 10 of the biggest refinery walkout since 1980.They have been unable to agree since this year's talks started on Jan…
UL/ULC and ATEX Approved LVDT Position Sensors for Worldwide Operation in Offshore Drilling Markets.Macro Sensors offers the HLR 750 Series of UL/ULC listed and ATEX-approved LVDT Linear Position Sensors for use in the high temperature…
NewLead Holdings Ltd. has succeeded in growing the fleet of the Company from two to ten vessels in less than one year following its growth strategy and delivering on its commitments.NewLead's fleet has been entirely transformed to include younger…
