IRClass (Indian Register of Shipping) has just completed the new construction survey of a high value, technologically sophisticated Buoy Tender cum multi-purpose vessel built by Cochin Shipyard Ltd (India) under single class.The new vessel MV Indira Point…
Monaco-based liquefied natural gas carrier owner GasLog has reported a sharp increase in profits in 1Q15, saying the sector's medium- to long-term outlook remains encouraging. Group net profits jumped to $13.8 million in 1Q15 from $6.4 million in the same period last year…
In October, Rio de Janeiro will transform into the “oil capital”. The city, which is already an international marketplace for the sector, prepares to host two of the largest international energy events: the Brazilian edition of OTC, the major global Offshore conference…
Golar LNG has signed a binding Heads of Terms with Ophir Energy Plc for the provision of the GoFLNG vessel Gimi. Golar has started discussions with partners Keppel and Black & Veatch aimed at exercising an option, under an existing framework agreement…
Royal Dutch Shell's quest to return to Arctic drilling for the first time in three years could face delays after Seattle ruled that the city's port must apply for a permit before hosting rigs. Seattle Mayor Ed Murray, a Democrat who has fought against new projects by coal and oil companies…
Petrobras’ Exploration and Production Director, Solange Guedes, received the OTC Distinguished Achievement Award for Companies, Organizations and Institutions, the highest recognition that an oil company can be given as an offshore operator…
China has appointed new chairmen for the country's top three energy groups, according to company statements on Monday, in a top-down reshuffle of the industry which faces the challenges of spending cuts, low oil prices and easing demand.Earlier…
The Wärtsilä 50DF marine engine has been tested and certified to run on ethane (LEG) fuel. The testing program was carried out by Wärtsilä in close collaboration with Evergas, an owner and operator of seaborne petrochemical and liquid gas transport vessels…
ABB, the leading power and automation technology group, has created an international research award to honor Hubertus von Gruenberg, who is stepping down after eight years as Chairman of the Board of Directors. The award is intended to encourage…
Offshore facility operators can now consider an alternative and more cost-effective means to transfer personnel to and from their facilities, which is safe, efficient and regulatory compliant.An industry guideline, which is issued today…
BP Shipping today celebrates its 100-year anniversary, making it the longest continually operating company in the BP group.Formed on April 30, 1915 as the British Tanker Company, the business has adapted to significant world events including two world wars…
The 2014 Maritime Innovation Award, given jointly by the Royal Institution of Naval Architects and QinetiQ, has been presented to Subsea Industries for the product Ecolock.The Maritime Innovation Award is presented to an individual or…
At a festive ceremony, held in Moscow today to honor the 70th Anniversary of Victory in the Great Patriotic War, LUKOIL employees received decorations from the Russian government, its agencies and from their own company.Vladimir Osipov…
ClassNK released PrimeShip-GREEN/ProSTA, making it the world’s first classification society to develop software which analyzes and calculates a ship’s speed trial results for EEDI calculation in compliance with the latest IMO Guidelines on 1 May 2015…
Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno will be traveling to Houston for the 2015 Offshore Technology Center May4-7 at NRG Park. The annual conference is an international gathering showcasing leading‐edge technology for offshore drilling…
