Following the announcement made yesterday regarding fraud in Singapore and significant risk management loss, the board of directors regret not having found able to find a solution with the syndicate banks. On this basis, it has been decided…
ABB has been recognized by Thomson Reuters as one of the world’s top 100 innovators for a third year.This award acknowledges companies around the world for their outstanding commitment to global innovation, the protection of ideas and the commercialization of inventions…
Dorian LPG Ltd. today reported its financial results for the three months ended September 30, 2014.Highlights – Second QuarterTook delivery of the second vessel under our VLGC newbuilding program, the Corsair, from Hyundai Heavy Industries Co…
The senior management of OW Bunker has today been informed about a fraud committed by senior employees in the Singapore-based subsidiary Dynamic Oil Trading (DOT). The case is under investigation. The extent of the fraud is not yet clear…
DryShips Inc. an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, today announced…
Representatives from the Flagship Niagara League were in Toledo on Wednesday to announce two new partnerships --- A new scholarship and training opportunity for cadets at The Maritime Academy of Toledo, and a five-year port agreement with the Put-In-Bay Chamber of Commerce…
Rolls-Royce announced today that David Smith has been appointed as Chief Financial Officer and a Director of Rolls-Royce Holdings plc. He takes up his new role with immediate effect, replacing Mark Morris who has decided to leave the company after 27 years…
Evergas has reached an agreement with INEOS to expand its new-building series of ethane/multigas vessels from six to eight units. In January 2013, Evergas announced for the first time that it had secured shipping agreements of up to 15 years…
By 2016 it should be possible for barges in the port of Antwerp to fuel up with LNG at a fixed station. The possibility for truck-to-ship bunkering with LNG already exists, but the construction of a bunkering station will make LNG continuously available for barges…
London Offshore Consultants (LOC) has opened an office in the district of Vile Parle East in Mumbai, India.Paul Miles, Regional Head of the Middle East, India and Caspian for the LOC Group said, “We have recruited Rohan Murray who is a marine…
Steve Gibson has been appointed Oil & Gas Business Manager, Europe – Global Hub Services, GAC to drive the development of a dedicated hub service for oil and gas customers throughout the region. GAC’s Group Vice President of Europe, Ivo Verheyen said…
Liquefied Natural Gas Limited informed that on 31st October 2014, its wholly owned company Bear Head LNG Corporation, filed for modifications to the existing construction and environmental permits granted by the Nova Scotia Utility and Review Board and Nova Scotia Environment…
Technip was awarded by Sasol a contract to provide engineering and procurement for eight proprietary Ultra Selective Conversion (USC®) furnaces (1) for a world-scale ethane cracker and derivatives complex to be located in Lake Charles, Louisiana…
The gigantic Johan Sverdrup field, one of the most profitable industrial projects in Norway over coming decades, will provide enormous value.Construction of the first phase may lead to 51,000 man-years related to Norwegian deliveries, and…
ExxonMobil has signed an agreement to become a founding member of the MIT Energy Initiative (MITEI), a unique collaboration aimed at working together to advance and explore the future of energy. MIT President Rafael Reif and TJ Wojnar, Jr…
