Halliburton Company and Baker Hughes Incorporated today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughes share…
President Energy gave a mid-November update on the progress of the Lapacho well, Chaco Region, Paraguay.The well has been drilled to 4,490m since setting casing at 4,125m. President has previously announced that a light oil/condensate…
OSX Brasil SA, a shipbuilding and ship leasing firm controlled by Brazilian tycoon Eike Batista, presented a revamped bankruptcy protection plan to a judge in Rio de Janeiro on Monday. In May, OSX had presented a plan to pay $2.6 billion in debt over 25 years…
The 19th Annual Career Days organized by Istanbul Technical University Maritime Faculty Career Club hosted Akmar Shipping on November 17.Akmar Shipping was represented by Personnel Manager Özge Ataman and Operation Manager Tarık Gürsoy. Ataman and Gürsoy began by introducing the company…
Containers Adrift in Oakland EstuaryContainers fell into the water from motor vessel NYK Aquarius while offloading cargo at SSA Facility Berth 57 in the Oakland estuary, causing the U.S. Coast Guard (USCG) and local fire department personnel to enforce a safety zone in the area…
Rajaish Bajpaee, Chief Executive Officer of Bernhard Schulte Shipmanagement, will receive the Tanker Shipping & Trade Lifetime Achievement Award in recognition of a career spanning more than 40 years and characterized by outstanding commercial acumen…
The Department of International Relations and Cooperation, in collaboration with the Institute for Global Dialogue associated with UNISA, the Open Society Foundation South Africa, the Friedrich-Ebert-Stiftung and the South African Defense and Security Management Network…
Directors of the 180 million GT North P&I club have decided on an overall premium increase of 4.75% for mutual protection and indemnity (P&I) cover next year, with a minimum increase per member of 2.5%. According to North’s chairman Pratap Shirke…
International accountant and shipping consultant Moore Stephens is to make representation to Her Majesty’s Revenue & Customs in connection with recently issued draft revised guidance in respect of the U.K. tonnage tax regime, some of which it considers to be unhelpful…
Tidewater Inc. announced the election of Richard D. Paterson to its board of directors for a term beginning November 13, 2014 and expiring in July 2015.Richard D. Paterson is a certified public accountant who retired from Price Waterhouse Coopers LLP (PwC)…
Lloyd’s Register has nominated Shipdock Amsterdam for ISO 9001:2008 (quality), ISO 14001:2004 (environmental management) and OHSAS 18001:2007 (health and safety management)Shipdock Amsterdam, part of Damen Shiprepair & Conversion, has been…
On November 14, 2014, at the International Association of Drilling Contractors’ (IADC) annual general meeting in New Orleans, Ed S. Jacob, III was elected chairman of the IADC by its board of directors. In addition, in recognition of his career and significant industry contributions…
LUX Assure appointed Scott Rankin as its technical expert for the company’s chemical monitoring technology, CoMic.Rankin joined LUX Assure a year ago and has since taken part in specialist training and gained in-depth experience working with CoMic…
The Georgia Ports Authority reported that its terminals in Brunswick and Savannah moved a combined 2.79 million tons of freight in October, a record for the authority.'Strong growth across all key sectors of our business is an indication…
August 20, 2014 marked the first anniversary of the entry into force of the Maritime Labor Convention (MLC, 2006). During the first 12 months, 113 ships were detained by one of the Paris MoU Authorities for MLC-related deficiencies, representing 17…
