The global offshore accommodation market has seen significant growth over the past five years, with PoB requirements increasing by 27% between 2009 and 2014. Although the recent oil price decline has negatively impacted the accommodation market to some extent…
The chief financial officer of commodities firm Trafigura, Pierre Lorinet, who led the trading house's headquarters relocation to Singapore from Switzerland in 2012, is stepping down from October, Trafigura said on Monday.Lorinet, 43, said…
Global emissions of carbon dioxide in the energy sector stalled in 2014, breaking steady rises over the past four decades except in years with an economic downturn, the International Energy Agency said on Friday.Emissions of carbon dioxide were flat at 32…
The State of Washington’s Department of Ecology has honored Crowley Maritime Corporation’s petroleum services division with the Exceptional Compliance Program (ECOPRO) award in recognition of excellence in marine safety and environmental stewardship…
Former Eni manager Stefano Cao will be appointed chief executive of Italian oil service company Saipem to replace Umberto Vergine at a shareholder meeting in April, two sources close to the matter said.'There's a consensus in the company and government on this position…
An explosion at an oil field in southeastern New Mexico killed one worker and seriously injured another while the men were installing a drilling pipe on Wednesday afternoon, the Lea County undersheriff said on Thursday.The dead man was identified as James Rusty Harrison…
The United Steelworkers union and oil companies have reached a tentative deal to end the largest U.S. refinery strike in 35 years, the labor group and people familiar with the negotiations said on Thursday.The new agreement for about 30…
ExxonMobil announced today that it has resumed drilling at Point Thomson on Alaska’s North Slope as construction continues toward bringing the initial production system online.“The Point Thomson field is a vital part of unlocking Alaska’s North Slope gas resources…
Mr. Martin Ackermann has been appointed as the Chief Executive Officer of BW LPG Limited. Mr. Ackermann is currently the CEO of Evergas. He will take up his new role at BW LPG in Singapore once his contractual commitments have been finalised…
Danos executives have formed a Project Management Group (PMG) to provide a single point-of-contact for customers with large-scale projects involving multiple services lines.The PMG will streamline critical project communication as well as…
MacGregor launches a new training centre in its Aberdeen office in the UK to deliver specialists skills and competencies to its engineers and customers. Aberdeen office is the leading launch and recovery service provider within MacGregor’s Global Lifecycle Support Division…
The Offshore Technology Conference (OTC), which takes place May 4-7 in Houston, has announced 17 technologies that will receive the Spotlight on New Technology SM Award. The 2015 awards will be presented May 4, in the NRG Center Rotunda Lobby…
The U.S. oil and gas sector bled away more jobs last month as sustained low oil prices forced energy producers to reduce spending, suggesting that further pain may be ahead for the struggling industry. A roughly 50 percent drop in oil prices since June has pummeled the U…
Royal IHC (IHC) has integrated four of its business units – IHC Hydrohammer, IHC Handling Systems, IHC Sea Steel and IHC Fundex Equipment – into one new organization, which will operate under the name IHC IQIP.IHC said the merger aims to…
A special Offshore Supply Vessel (OSV) has been delivered to Shell for its deepwater operations in the Gulf of Mexico. The vessel, Harvey Energy, is chartered from Harvey Gulf International Marine and is the first of its kind in the region to run on both liquefied natural gas (LNG) and diesel…
