A chronic shortage of drivers means America's long-haul trucking companies are struggling to capitalize on cheap fuel prices that could allow them to take goods shipments away from railroads.A 50 percent fall in oil prices from their…
The new cruise terminals at North Harbor provide the innovative setting when global key leaders meet for the Danish Maritime Forum on 7-8 October.With just five meters to the blue waves of Oresund the World’s maritime key leaders will…
Brazil's Petrobras chose current Banco do Brasil SA Chief Executive Aldemir Bendine as its new CEO on Friday, government sources said, as the embattled state-run oil company tries to regroup following the sudden resignation of nearly all of its senior managers amid a corruption scandal…
Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 52.5 million in the fourth quarter 2014, up from USD 41.7 million in the third quarter and from USD 44.9 million in the corresponding quarter in 2013. Contract sales totaled USD 25…
Gazprom held the 10th annual Investor Day for the first time in the Asia-Pacific Region – in Hong Kong (February 3) and Singapore (February 5).Taking part in the events were Andrey Kruglov and Alexander Medvedev, Deputy Chairmen of the Gazprom Management Committee…
The President of the Russian Federation Vladimir Putin held a working meeting on Wednesday with the Head of Rosneft Igor Sechin, who reported on the Company’s 2014 operational results to the President of the country.The overall hydrocarbons…
InterMoor has appointed Cohen Guidry regional manager, West Africa, the company announced on Thursday. Guidry, who is taking over InterMoor’s lead West Africa management role, will report to InterMoor Global President Tom Fulton.Guidry joined…
The shipping and bunker refining industries should work to the possibility that the global 0.5% sulphur in fuel cap, required by the International Maritime Organization (IMO), is more likely to be implemented worldwide from 2020, rather than 2025…
Gazprom set up a new department to be headed by Pavel Krylov.The department will be in charge of implementing the Gazprom corporate unified technical policy in search, creation and introduction of state-of-the-art solutions, equipment and materials acknowledged worldwide…
Scorpio Tankers Inc. today took delivery of STI Alexis, an LR2 product tanker from Daehan Shipbuilding Co. Ltd. This vessel will begin a voyage for 52 days at approximately $33,500 per day. The Company has also exercised an option to…
Euronav NV announces today that following the closing of its Initial Public Offering (“IPO”) of its ordinary shares on NYSE, the Company will repay the USD 235.5 million bond issued to partly finance the acquisition of 15 VLCCs from Maersk Tankers Singapore Pte Ltd announced on 5 January 2014…
A.P. Moller-Maersk's oil industry service companies Maersk Drilling and Maersk Supply Services, are to cut staffing at their Danish head offices due to the slump in oil prices. Oil companies and as a result the firms servicing them, have…
Mitsubishi Heavy Industries released its consolidated financial results for the first nine months of fiscal year 2014 today. The company posted a 47.9% increase in ordinary income over the same period for FY 2013, as well as a 29.9% increase in operating income…
Statoil’s board of directors has appointed Eldar Sætre as the company’s new president and CEO. Sætre, who has 35 years’ experience from Statoil and the oil and gas industry, has been acting as president and CEO since October, and assumes the role with immediate effect…
For the third time, Petrobras is set to receive the highest award that an oil company can be given, bestowed by the Offshore Technology Conference (OTC) committee, based in Houston, USA. The OTC Distinguished Achievement Award for Companies…
