The Market - Global Floating Production Capex to Double.Douglas-Westwood (DW) forecast that between 2013 and 2017 $91bn will be spent on floating production systems (FPS) – an increase of 100% over the preceding five-year period. This growth…
Emissions monitoring systems manufacturer, Parker Procal, welcomes EU move to monitor, report & verify emissions.The EU announced recently that it will start measuring shipping emissions from 2013 as a first step towards delivering a global…
DryShips Inc. (NASDAQ: DRYS) a provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of off-shore deepwater drilling services, today announced that Pankaj Khanna…
EnQuest PLC, the largest UK independent production company in the UK North Sea, has reached a new North Sea safety milestone by recording five years free of Lost Time Incidents (LTIs) on drilling operations in the Thistle field.The LTI achievement…
Thirty plus Year Offshore Industry Veteran Joins Horton Wison Deepwater, Inc.Horton Wison Deepwater, Inc. announced the appointment of Gregory Navarre as President of the company and a member of the company’s Board of Directors. Mr. Navarre…
Increasing Propulsion Energy Efficiency for a Wide Range of HullsIn a challenging market, commercial shipping operators must be particularly astute in the way they run their fleets. Trim optimization has been revealed to be a powerful means of increasing propulsion energy efficiency…
A young Aberdeen engineer has been recognized for her work inspiring school pupils to take on a career in the oil & gas industry.Katy Crawford, who is employed by offshore lifting and mechanical handling services company Sparrows, has been…
Following a successful re-launch last year, the Society of Petroleum Engineers Aberdeen Section is again hosting the Offshore Achievement Awards with the support of main sponsor TAQA Bratani.This year will see the ceremony move to the Aberdeen…
Aker Solutions wins a Statoil four-year frame agreement to supply wireline tractor services on the Norwegian continental shelf.The wireline tractor can push well intervention equipment several kilometres along highly deviated and horizontal wells…
Deputy Secretary of Defense, Secretary of the Navy, pay a visit to 'USS Makin Island' (LHD 8).Deputy Secretary of Defense Ashton Carter and Secretary of the Navy Ray Mabus met recently with several flag and general officers in the area on…
LNG bunkering logistics dampen owner’s LNG power enthusiasm.When sail gave way to steam, the British Royal Navy dominated global maritime trade routes. It had the power and outreach to build a global chain of coaling stations for its warships…
Energy management means helping the industry understand, and navigate, a way through, the challenges of designing novel concepts and the adoption of new technologies. The shipping industry faces two big challenges right now that will most effectively…
Dynamic Oil Trading launched to meet the fast paced demands of the shipping industry – without limitations.Wrist Group, one of the world’s leading ship services companies, has announced the launch of Dynamic Oil Trading, a new global trading company for marine fuels and lubricants…
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced today that at approximately noon Rio De Janeiro time (11 a.m., ET), September 27, 2012, the federal court in Rio de Janeiro served the company with a preliminary injunction requiring that it…
Andrew Garrad becomes Non-Executive Chairman of GL Group's renewables division. RV Ahilan appointed President of the business segment.Dr Andrew Garrad will hand day-to-day leadership responsibility for the GL Group's renewable energy business segment to Dr RV Ahilan…
