Nigerian oil services firm Caverton plans to start the process of raising fresh equity by the fourth quarter after its $197 million stock market listing next Tuesday, the company's chief executive told Reuters on Thursday. Caverton, which…
An EPC contract for a production unit can easily exceed $1 billion – and $3 billion for an FPSO has recently been breached. Overall, this is a $20 to $30 billion annual market. But, as described below, the sector is hitting some headwinds that could impact future business opportunities…
Around a 190 oil workers of ExxonMobil in Norway would go on strike from June 16 if government mediation on wages and pensions fail, labor union SAFE said in a statement on Wednesday.Talks between Norwegian oil firms and two key unions broke…
Norwegian oil service workers begun three days of wage talks on Tuesday, demanding a new collective agreement and higher pay, days after two unions representing platform workers broke off negotiations, raising the prospect of a strike.Oil service employees…
Cummins Inc. Chairman and CEO Tom Linebarger outlined the company's most extensive plan to date for environmental sustainability, including specific goals for reducing waste, water and energy.A core part of the company's mission is demanding that everything Cummins does leads to a cleaner…
The Board of Directors of Saipem S.p.A. convened today and, in compliance with the resolutions taken by the Shareholders’ Meeting on May 6, 2014, confirmed the appointment of Umberto Vergine as CEO of Saipem S.p.A. The Board of Directors…
Hayward also CEO of London-listed oil firm Genel. Source: Hayward will eventually step down from Genel. Genel declines to comment.Glencore Xstrata named Tony Hayward, the ex-BP chief severely criticized for his role in the Gulf of Mexico oil spill…
Enteq Upstream PLC (Enteq), a provider of systems and components for Measurement While Drilling (MWD) and directional drilling, has appointed CS Fan as China and South East Asia (SEA) sales manager, announced Martin Perry, Enteq’s chief executive officer…
Petrotechnics, a global company in transforming frontline operational performance and lowering operational risk has announced that leading analyst firm Gartner has named Petrotechnics a “Cool Vendor” in Oil & Gas in a report published by Gartner on April 25…
Liverpool headquartered global company Bibby Line Group is hosting a series of events at this year’s International Festival For Business during the Maritime, Logistics and Energy thematic of the four-week program. Being held at the Museum of Liverpool on June 12…
On Tuesday, May 6, at 9 a.m. EDT, the Maritime Administration and the Marine Transportation System National Advisory Council will host the second National Maritime Strategy Symposium in Washington, D.C. Building upon the first Symposium held in January…
Brazil's state-run oil company Petroleo Brasileiro SA said on Monday it expects to save about 10 billion reais ($4.51 billion) by 2018 after one in eight employees agreed to quit under an early retirement plan.Petrobras, as the company is known…
Diamond Petroleum Ventures LLC (DPV), a thermal unit provider based in Lafayette, Louisiana, has appointed Em Roosevelt as technical sales representative. Roosevelt is responsible for direct sales and account management and will work toward…
Business advisory firm, AlixPartners say that Louis Besland has joined the firm’s global Energy Practice as a managing director and will be based in the consultancy's Dubai office.AlixPartners add that Besland has deep experience in the worldwide oil…
Congressmen Jim Sensenbrenner (R-Wis.) and Rick Larsen (D-Wash.) introduced a bill to amend the State Department Basic Authorities Act of 1956 to establish a United States Ambassador at Large for Arctic Affairs. Currently, 20 government agencies are handling Arctic policy…
