Barely two months into his new job as the head of the world's largest offshore driller, Steven Newman was steering Transocean through the 2010 Gulf of Mexico oil spill, quickly earning a reputation as a CEO with a steady hand.Too steady…
The plunge in oil prices since mid-2014 will lift airline profitability, ease pressure on mining companies, perk up retailers, but strain the oil and gas sector, Moody's Investors Service said in its analytical report 'Low Oil Price Will Lift Airline Profitability…
Swedish bearing company SKF has been awarded one of the first global ISO 50001 certifications for its energy management system by Den NorskaVeritas (DNV), the company announced today.The group's energy management system has been deployed across 38 manufacturing facilities around the world…
The largest U.S refinery workers strike since 1980 passed its 18th day on Wednesday but talks between union and oil company representatives over safety and pay restarted after a gap of a week and went into the night, according to a union text message…
Gas gathering and transmission companies have until now taken on the cost of external consultants or specialized in-house expertise for multiphase network analyses. With DNV GL’s new Multiphase Module in Synergi Gas software, users can take full control of their analyses…
The number of major contracts awarded across the global oil and gas industry declined during the last quarter, according to the latest quarterly report from the UK-based Energy Industries Council (EIC).There were 117 major contract awarded between October and December 2014…
U.S. Attorney Karen L. Loeffler announced that AML Ship Management GMBH, a German company, and Nicolas Sassin, Chief Engineer of a vehicle carrier ship it operated, the M/V City of Tokyo, were both charged with knowingly dumping oil into United…
A sixth victim of last week's deadly explosion on a Petrobras offshore oil and natural gas production ship has been found, according to a statement on Wednesday from BW Offshore Ltd, which operates the vessel for Brazil's state-run oil company…
Norwegian oil services firm Aker Solutions plans to cut its domestic workforce in response to lower demand after crude prices tumbled, the company said on Wednesday.Around 300 employees within the maintenance, modifications and operations…
The Australian Renewable Energy Agency (ARENA) today joined Minister for Industry and Science Ian Macfarlane to officially switch on the Carnegie Perth Wave Energy Project’s onshore power station.Following successful testing last year…
The World Ocean Council is partnering again with The Economist to help engage the ocean business community in upcoming events:For the third Arctic Summit, the WOC is working with The Economist to help ensure Arctic business community participation…
Transocean Ltd's decision to replace its chief executive will do little to help the company cope with an aging fleet and lower demand for its rigs due to a steep fall in oil prices, analysts said. Shares of the company, which also slashed its dividend by 80 percent to 60 cents per share…
Niels Alexander Lange took over as Managing Director of the recently founded Schottel Hydro GmbH, a subsidiary of the Schottel Group comprising activities in three segments: Schottel Instream Turbines (SIT), semi-submerged Triton platforms and components…
The chief executive of Transocean Ltd , one of the world's top offshore drilling companies, is stepping down and the company is slashing its dividend as business slows on tumbling crude oil prices.Transocean said on Sunday that Chairman Ian Strachan…
When Ian Sandlin was laid off last week after 13 months working on oil rigs in southeast Texas, he was surprised to have lasted that long.'I knew it was coming,' he said. 'I wasn't the first to be let go.'The 27-year-old Houston native…
