Mitsui O.S.K. Lines, Ltd., today announced the delivery of the LNG carrier Papua by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong) on January 30. The Papua is the first in a series of four ships to be built by Hudong to provide LNG…
Chevron Corporation today named Jeanette L. Ourada as their new corporate vice president and comptroller effective April 1. Ourada succeeds Matthew J. Foehr, who will retire after 33 years with the company. Ourada, 49, will oversee corporate-wide accounting…
ClassNK granted type approval to the new 28AHX-DF dual-fuel engine built by Niigata Power Systems Co., Ltd.Whilst the adoption of emerging maritime technologies can prove challenging due in part to the time required to gain approval,…
EnQuest PLC announced today that it has exited from its small investment in Tunisia.In May 2013, EnQuest announced an agreement to acquire interests in the Didon producing oil field and the Zarat permit, from PA Resources AB and certain of its subsidiaries (‘PAR’)…
Carimin Petroleum Berhad one of the leading providers of offshore oil and gas (O&G) support services in Malaysia, has received an umbrella contract for provision of spot charter marine vessel services from Petronas Carigali Sdn Bhd (PCSB)…
ABB announced that it will deliver advanced electrical propulsion systems for four LNG carriers under construction by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. The LNG vessels are a joint venture between China National Offshore Oil Corporation (CNOOC)…
Abu Dhabi investment firm Waha Capital plans to invest 3.2 billion dirhams ($872 million) in the short-term to grow its energy, healthcare and infrastructure portfolio, its chief executive said on Sunday.Salem Rashid al-Noaimi spoke…
SBM Offshore is pleased to announce the appointment of Philippe Barril as Chief Operating Officer (COO) effective March 1, 2015. Philippe's appointment as a member of the Management Board is subject to approval at the Annual General Meeting of Shareholders to be held on April 15…
A hijacked Malaysian coastal tanker has been recovered by the prompt actions of the Malaysian Maritime Enforcement Agency (MMEA) off the coast of Malaysia.The owners of the Malaysian tanker lost contact with the tanker at 2200 hours on 28 January 2015…
Scorpio Tankers Inc. has taken delivery of STI Veneto, an LR2 product tanker from Hyundai Samho Heavy Industries Co., Ltd. This vessel will begin a voyage for 60 days at approximately $32,000 per day.With this Scorpio Tankers owns 63 tankers (nine LR2 tankers…
Azerbaijan criticised Standard & Poor's for resorting to what it said were 'double standards' after the agency revised the country's sovereign credit outlook downward to negative on Friday.S&P said Azerbaijan's fiscal and external balances would be hurt by the substantial drop in oil prices…
Chevron Corporation (NYSE:CVX) today announced a $35.0 billion capital and exploratory investment program for 2015. Included in the 2015 program are $4.0 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron…
Adani Enterprises Limited together with its subsidiaries Adani Ports and Special Economic Zone Limited (“APSEZ”) and Adani Power Limited (“APL”) today announced a composite Scheme of Arrangement (“Scheme”) for the demerger of the ‘Port Undertaking’…
Brazil's government is planning to take steps to save energy through more efficient usage to avoid blackouts and the risk of rationing, Energy Minister Eduardo Braga said on Friday.The worst drought in more than 80 years has drained hydroelectric…
Lead industry negotiator Royal Dutch Shell Plc said on Thursday it was 'optimistic' a new three-year agreement could be reached with a union representing hourly workers at 63 U.S. refineries that account for two-thirds of U.S. refining capacity…
