Whiting Petroleum Corp shareholders approved the company's all-stock buyout of Kodiak Oil and Gas Corp on Wednesday, a deal that will make Whiting the largest oil producer in North Dakota.Votes representing about 79 percent of Whiting's shares were cast…
North Dakota Governor Jack Dalrymple proposed a two-year state budget on Wednesday that forecasts rebounding oil prices and a 23 percent jump in oil taxes, a tacit bet the state's energy boom will continue unabated.Oil prices have dropped…
Oil prices are set for wild swings after OPEC's decision to let the market find its level, says the hedge fund manager famous for calling the 2008 oil price spike and crash, adding that U.S. producers are set to feel pain.Pierre Andurand…
Dan-Bunkering (Middle East) DMCC has announced that yet another former OW Bunker employee has joined the Dan-Bunkering Group.Effective from 1st December Kurosh Khonsari joined Dan-Bunkering’s office in Dubai as Senior Bunker Trader. Kurosh…
Chicago’s Christmas Ship Committee, Coast Guard set for 15th anniversary of re-enactment, delivery of 1,200 Christmas trees for deserving families. The Coast Guard Cutter Mackinaw, serving once again as this year’s “Christmas Ship” and loaded with more than 1…
German container shipping group Hapag-Lloyd, which is merging with Chile's Compania SudAmericana de Vapores, is in no rush to list its share on the stock exchange, its chief executive said on Wednesday.'A stock market flotation is currently not top priority for us…
Alexey Miller, Chairman of the Gazprom Management Committee and Mehmet Konuk, Chairman of the Board of Directors of Botas Petroleum Pipeline Corporation yesterday, signed in Ankara a Memorandum of Understanding on constructing an offshore gas pipeline across the Black Sea towards Turkey…
ABB has designed, manufactured, installed and commissioned a 1,200-kilovolt (kV) circuit breaker the highest AC voltage level in the world.Once the 1200 kV ultrahigh-voltage switchgear is fully operational, it will have a switching capacity of 10…
Officials with Norwegian Cruise Line and the Board of Commissioners of the Port of New Orleans signed a new four-year berthing agreement today with three one-year options. The agreement will keep at least one Norwegian cruise ship sailing…
McDermott International, Inc. has successfully concluded the transportation and installation of a Yoke-type Single Point Mooring tower and hook up to a Floating Storage Offloading (“FSO”) vessel for PT Rekayasa Industri offshore Indonesia in the Banyu Urip field…
INMARCO INAvation 2014, the International Maritime Technology Conference & Exhibition on “Innovations for Maritime Sustainability” is being held at the “National Centre for the Performing Arts” (NCPA) in South Mumbai from 11th to 13th December 2014…
MacGregor is presently building its new Global Lifecycle Support organisation to develop and enhance customer service both in the merchant shipping and offshore markets. The installed base of MacGregor's product portfolio of strong MacGregor…
Inmarsat has appointed SpeedCast International Limited (SpeedCast), a leading global network and satellite communications service provider, as a Distribution Partner (DP) for its flagship maritime service, FleetBroadband, and Fleet One, its…
Caterpillar Marine is pleased to announce MaK™ diesel electric propulsion (DEP) solutions have been selected to power four Maersk Supply Services (MSS) newbuilds to be constructed by COSCO (Dalian) Shipyards. Each vessel will be equipped with 4x MaK M 32 E generator sets with a power output of 4…
Europort 2015, the exhibition for maritime technology, has announced a special exhibitor package to benefit companies new to the marketplace and support them in showcasing their talents to the industry worldwide. The Europort ‘New-2-Market’…
