Cost-cutting in Britain's North Sea oil and gas sector could lead to more acute skills shortages in future, industry experts have warned, with some expressing concerns that safety could be compromised. A plunge in crude prices over the last…
Ocean Mineral Singapore Pte Ltd (OMS) has entered into a 15-year exploration contract for polymetallic nodules at a site within the Clarion-Clipperton Fracture Zone of the Pacific Ocean with the International Seabed Authority (ISA). Sponsored by the Singapore Government…
The plugging and abandonment (P&A) of offshore wells represents a significant cost to operating companies and national authorities. On the Norwegian Continental Shelf (NCS) alone, the cost is estimated to be USD108bn (NOK1870bn) over the next 40 years…
United Nations' International Maritime Organization (IMO) adopted globally binding regulations for ships using liquefied natural gas (LNG) as fuel.The IMO has just adopted a new international code of safety for ships using gases or other low-flashpoint fuels – the so-called IGF Code…
The Sparrows Group has boosted its senior management team with the appointment of a director to head up its operations across the Americas.Steve Bertone joins the Sparrows Group, after 33 years with McDermott International.In his new role…
The European Innovation Project LeanShips – Low Energy And Near To Zero Emissions Ships – will demonstrate the effectiveness and reliability of energy saving and emission reduction technologies at real scale. LeanShips is one of the first…
Bulgaria's power grid operator ordered all renewable energy producers on Sunday to reduce their output by 60 percent in an attempt to balance production and consumption in the Balkan country, the state-owned company said.The grid operator…
Egypt received a cargo of liquefied natural gas from Australia after the exporter sent two shipments to the region in the past two years, signaling increasing demand, reports The Daily Star. The Woodside Rogers tanker arrived at Egypt's…
The dirty tanker market enjoyed a general improving sentiment in May for vessels in all reported classes on the back of high tonnage demand and increased activities. Clean tanker freight rates declined on average, mainly as freight rates reported on the West of Suez were weak…
Norwegian energy firm Statoil could lay off another 2,000 employees by the end of 2016, business daily Dagens Naeringsliv (DN) said on Friday. The decision will be finalised in the near future, after discussions with the management and representatives from the unions on Thursday…
Norwegian energy firm Statoil could lay off another 2,000 employees by the end of 2016, business daily Dagens Naeringsliv (DN) said on Friday.The decision will be finalised in the near future, after discussions with the management and representatives from the unions on Thursday…
As the annual Antarctic Treaty Consultative Meeting (ATCM) closed today in the Bulgarian capital, the Antarctic and Southern Ocean Coalition (ASOC) called the meeting’s adoption of a resolution on climate change a “missed opportunity” to…
Dun & Bradstreet will acquire the entirety of Dun & Bradstreet’s ANZ business, including consumer risk and debt collection, and commercial solutions, for AUD $220 million. As part of the agreement, pending regulatory approval, Credit Data…
Stolt-Nielsen Limited and Golar LNG Limited have formed a 50/50 joint venture to pursue opportunities in small-scale LNG production and distribution, the companies announced today. Stolt-Nielsen Limited has invested in Golar LNG through open-market purchases…
JP Morgan has hired James Janoskey, Credit Suisse's European Energy Group head, to lead its oil and gas team in Europe, the Middle East and Africa, according to a memo seen by Reuters.Janoskey will join the investment banking division, reporting to Laurence Hollingworth…
