State commission on reserves confirmed the fact of discovery of the new arctic oil and gas field Pobeda on the Kara sea shelf. The field was discovered as the result of the drilling of the northernmost well in the world – the Universitetskaya-1 well…
In the previous stock exchange notices where Norwegian Energy Company ASA has informed of expected impairments of Oselvar and Huntington and negative developments in production performance, including its announcement on 19 November 2014 where…
Petroleo Brasileiro SA began operating the furnaces in the atmospheric distillation unit at its Abreu e Lima or 'RNEST' refinery near Recife, said the state-run oil company in a statement on Thursday.The furnaces began operation Wednesday…
The sharp decline in oil prices should not prevent Canada's Conservative government from balancing its next fiscal year budget according to Prime Minister Stephen Harper.He noted that the federal government does not get direct royalties from oil companies…
No longer an abstract ‘pie-in-the-sky’ technology, wind assist propulsion could well be a game-changer in the ‘Carbon Wars.’ Wind assist technologies have come of age for shipping companies. A panel discussion entitled “Accelerating Adoption of Double Digit Fuel Saving Technologies…
If shipyards are the bellwether of maritime market trends, then U.S. yards should today be considered the industry’s market leaders, as well. Notwithstanding the recent (and dramatic) drop in global crude oil prices, the ongoing, so-called ‘domestic…
2H Offshore, an Acteon company, has invested in office facilities in Malaysia and Australia, to support ongoing growth in the Asia Pacific region, the company announced. “The subsea oil and gas industry in Asia Pacific continues to grow rapidly…
On 4 December, in Seoul, at an extraordinary meeting of the general assembly, the Korean Register (KR) elected Dr Park Bum-shik, formerly COO (Chief Operating Officer) of the Korea P & I Club as its new Chairman & CEO. Dr Park graduated…
The Liberian Maritime Authority has released the mandatory MLC Annual Report for 2013. This report confirms that Liberia’s approach to enforcement of the Maritime Labour Convention (MLC) 2006 has resulted in low deficiency rate for Liberian-flag ships…
The drugs were seized following the search of the cargo vessel Star Stratos at Portsmouth port yesterday evening.Approximately 300 kilos were discovered concealed within a shipment of bananas which had originated in Colombia.Investigations…
Vessel traffic on the Intracoastal Waterway near Bal Harbor, Florida is restricted following an incident involving a yacht and the Broad Causeway bridge. Due to the incident, only the bridge's west leaf is able to open. Restrictions…
The Board of Lerwick Port Authority is strengthening its senior management team in support of continuing activity and development at the busy harbour.The move follows an external organisational review, particularly looking at the staff…
The public is invited to attend the first community workshop to discuss the Livable West Long Beach Plan and Green Terminal Island (TI) Plan on Saturday, Dec. 6, at 10 a.m. at Silverado Park, 1545 W. 31st St.“The goal of both plans is to improve the quality of life in West Long Beach…
Swire Pacific Offshore (SPO) was presented the Sustainable Business Award (SBA) for Business Responsibility and Ethics at the inaugural Responsible Business Forum on Sustainable Development held in Singapore on Tuesday, 25 November 2014.…
The development of gas transmission and distribution infrastructure of Kyrgyzstan was discussed during a meeting held at the Gazprom headquarters hosted today between Alexey Miller, Chairman of the Company's Management Committee and Djoomart Otorbaev…
