Norwegian Energy Company ASA (Noreco) has agreed to transfer its 30 per cent ownership in PL484 in the Norwegian Sea to North Energy ASA (North). The transfer is subject to government approval.Further, the companies have agreed that Noreco…
The Port of Cork will invest over €1.5 million in upgrading facilities at Cobh Cruise Terminal, Ireland’s only dedicated cruise berth, with the installation of a number of high load mooring bollards at the east and west end of the Cobh Cruise Berth which will enable larger ships to be berthed…
Golar LNG announced today that it has been awarded 2 time charters by Nigeria LNG Ltd ('NLNG') to employ the recently delivered Golar Frost and Golar Crystal. Employment of both vessels under these contracts will commence in January 2015…
The United States District Court for the Eastern District of Louisiana yesterday ruled on the issues raised in the Phase 2 trial of the Deepwater Horizon case: the quantification of oil spilled and BP’s source control efforts following the accident…
Dun & Bradstreet, the world's most trusted source of commercial data and insight, today became the first certified vendor of the Small Business Financial Exchange, Inc.'s wholly owned subsidiary SBFE, LLC. As an SBFE Certified Vendor™, Dun…
Brazilian natural gas and oil producer QGEP Participacoes SA said on Friday it abandoned an offshore exploration block it owns with Brazil's sate-run oil company Petrobras after deciding continued exploration was not economically viable.The returned block…
Ingalls Shipbuilding donates more than $102,000 in STEM grants to Gulf Coast schools Huntington Ingalls Industries’ Ingalls Shipbuilding division has awarded more than $102,000 in grants for 28 projects at schools and educational organizations in Mississippi and Alabama…
ASA Electronics, an Elkhart, Indiana-based manufacturer and supplier of premium mobile audio and video equipment, has announced that Missy Vaughn has been promoted to company Controller.In her new position, Vaughn will oversee the Accounting…
Shlumberger Ltd, the world's No.1 oilfield services provider, said it will cut 9,000 jobs, or about 7 percent of its workforce, as it focuses on controlling costs amid plummeting oil prices.The company said it took charges amounting to $1…
Zargon Oil & Gas Ltd. confirms that the monthly cash dividend for the month of January in the amount of Cdn. $0.03 per common share will be paid on February 17, 2015 to shareholders of record on January 31, 2015. Our dividend policy is reviewed…
Seanergy Maritime Holdings Corp. while announcinbg their financial results for the third quarter and nine months ended September 30, 2014 informed that they plan to acquire a Secondhand Capesize vessel.In this regards Stamatis Tsantanis…
Oil majors BP and ConocoPhillips will cut over 500 jobs in the North Sea following similar moves by rivals to reduce costs in one of the world's most expensive exploration areas as oil prices tumble.Although the cuts are relatively small for companies with dozens of thousands of employees…
Meriaura Group to strengthen its position in the market by increasing its cargo fleet. The company has ordered a Dutch Royal Bodewes shipyard two VG EcoCoasterTM -kuivarahtialusta, both a carrying capacity of 4700 tons. The new building contracts were signed in December in Turku…
Rolls-Royce has been selected by the Alaska Department of Transportation and Public Facilities, via its Alaska Marine Highway System, and Vigor Industrial, to provide a highly efficient propulsion system for its future Alaska Class ferries that will be built by Vigor Shipyards in Ketchikan…
The Port of Corpus Christi Authority announces the upcoming retirement of Frank Brogan, Managing Director. Mr. Brogan will retire on February 2, 2015. He has been actively involved with the Port for over 40 years. 'Frank Brogan has been the…
