GAC Dubai’s introduction of a suite of practical innovations to improve safety in working conditions and reduce the company’s carbon footprint has won it the Group Chairman’s Award for HSSE (Health, Safety, Security and Environment) Excellence for 2015…
Network of regional maritime technology cooperation centres to be established through €10 million funding contribution. An ambitious IMO project to establish a global network of Maritime Technology Cooperation Centres (MTCCs) in developing…
Conductor Installation Services Ltd (CIS), an Acteon company that provides hammer services to install conductors and drive piles, announced that it has completed its second conductor installation operation during the last 12 months for a North Sea oil and gas operator…
BP plans to cut 4,000 jobs in upstream operations, 600 in North Sea.British oil and gas company BP announced plans on Tuesday to slash 5 percent of its global workforce in the face of a continued slump in oil prices.It said it aims to reduce its global oil production…
A complete package of training materials on IMO’s energy efficiency requirements is now available to download free of charge from the IMO website. The package, including presentations, posters, exercises and assignments, will be of interest…
Beach Energy Ltd has appointed Matthew Kay as its new Chief Executive Officer, effective July 17, 2016 or such earlier date as is available and mutually agreed.Kay holds tertiary qualifications in economics and a Master of Business Administration…
Global commodities trader Trafigura said on Monday it had hired former asset manager Chin Hwee Tan as its chief executive officer for the Asia-Pacific.Tan will be responsible 'for continuing the growth of Trafigura's business across the region'…
The reduction in the new 2016 Worldscale flat rates of Very Large Crude Carriers (VLCC) has led to spot rates increasing as owners look for equivalent 2015 returns, says tanker market assessments from the Baltic Exchange. Thus we are now seeing rates for long east of around WS 107…
Marathon Petroleum Corp. (MPC) announced the retirement of Richard D. Bedell, senior vice president of Refining, effective March 1. Raymond L. Brooks, currently general manager of MPC's Galveston Bay refinery in Texas City, Texas, will replace Bedell…
JDR said that James Young will take up the role of Chief Technology Officer with effect from 1st February 2016. In his prior role as Engineering Director, Young led the attraction and development of JDR's engineering talent for many years…
The Navy is aligning limited duty officers (LDO) who support the nuclear enterprise under the 640X designator into the 62XX nuclear power series, according to NAVADMIN 006/16 released Jan. 6.This change aligns all submarine and nuclear enterprise LDOs' job functions…
Drydocks World, an international service provider to the shipping, offshore, oil, gas and energy sectors, announced it has received a five star rating from the British Safety Council for the Occupational Health and Safety. The company underwent a detailed…
The Saudi-Iran standoff is certainly one to worry over given its ramifications for oil supply as they sit on either side of the Persian Gulf, the world’s biggest concentration of oil tankers, reports Bloomberg. The Strait of Hormuz at the…
Global economy: menacing clouds in the sky cast a shadow on global economic developments 2015 never really took off, even though the global economic activity looked stronger earlier in the year. The negative indicators seen at the end of 2014 were not overcome…
Houston-based Cheniere Energy Inc has began production at what will become the first U.S. terminal to export natural gas from shale formations. It has officially flipped the switch at its liquified natural gas (LNG) export terminal in Louisiana…
