EFC Group, a designer and manufacturer of instrumentation, monitoring, handling and control systems for the global oil and gas industry, has appointed Anand Puthran as its managing director, a newly created role for the company.Anand joins…
Danos recently named Glenn Gros General Manager of the company’s Fabrication Division. In addition to the day-to-day management and oversight of Danos’ nearly 30-year-old fabrication yard at the company’s headquarters’ in Larose, Gros will also be responsible for establishing the company’s new…
Maersk Tankers, a unit of A.P. Moller-Maersk, said on Thursday it had quit four unprofitable crude oil charter contracts by buying out supertankers and selling them onwards, continuing its exit from crude oil transportation.The company now has charters for just two supertankers…
France has received EU backing for a new decree allowing the government to block foreign takeovers of French companies in strategic industries, Economy Minister Arnaud Montebourg said on Thursday.In a surprise move, the government widened…
CWind Ltd, a provider of services to the offshore wind industry, is once again among the winners at the RoSPA Occupational Health and Safety Awards 2014. The Gold award in the prestigious annual scheme run by the Royal Society for the Prevention…
World shares close to peaks, bond yields creep higher ADP report fuels hopes for upbeat non-farm payrolls ECB keeps rates at record low, Draghi expected to stay dovishWorld shares dipped from a record high and the dollar and U…
Two executives from offshore drilling contractor Noble Corp have agreed to settle civil claims they participated in a bribery scheme to obtain permits for oil rigs in Nigeria, days before the case was set to go to trial.Jury selection had been scheduled for next Monday in the U…
The website www.lngbunkering.org is launched that features Liquefied Natural Gas (LNG) as a shipping fuel. The website is an initiative of the World Ports Climate Initiative (WPCI) LNG Fuelled Vessels Working Group under the auspices of the independent…
U.S. shipbuilders are making a $500 million bet on robust domestic demand for crude oil from newly-tapped shale fields by building new tankers without having lined up customers to lease them.Philly Tankers AS, majority-owned by Aker Philadelphia Shipyard is building four ships on spec…
Graham Hacon, founder and CEO of 3sun Group,is set to present at a BGF (Business Growth Fund) event next week.In March last year, 3sun Group, secured a £10m investment from BGF following six years of considerable growth and expansion. The…
Despite its unquestionable allure, LNG as a fuel carries with it as many risks as it does answers to the problems it promises to solve. As industry and OEM’s work to remove any doubt, the collaborative effort outpaces the slow-moving regulatory machine…
Sitting in our Mercedes Benz at a major truck stop, I pressed up against the window of the passenger seat to watch my wife fill the tank at the gas pump. I am not allowed to drive her car, much less anything else having to do with its operation…
“There is a large potential for Germany to cut its climate emissions in a cost-effective way through the increased use of natural gas”, said Statoil CEO Helge LundSwitching from coal to gas as the power sector is a significant opportunity to cut emissions…
Currently, 320 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 65% of the existing systems, 76% of systems on order. Production semis, barges, spars and TLPs comprise the balance…
Sunni insurgents capture three towns in Iraq's Anbar Iraq's oil exports near record rates in June U.S. Secretary of State John Kerry lands in Baghdad Brent crude dipped below $114 a barrel on Monday as worries about disruptions…
