SBM Offshore has entered into an agreement to sell the DSCV SBM Installer, a Diving Support and Construction Vessel (DSCV), to OS Installer AS for US$150 million in cash.OS Installer AS is a newly established joint venture between Ocean Yield ASA (75%) and SBM Offshore (25%)…
Liquefied Natural Gas Limited informs that its wholly owned subsidiary, Magnolia LNG LLC (MLNG) has agreed to an EPC contract with SK E&C USA (EPC Contract) in relation to the Company’s Magnolia LNG Project. The Contract covers the initial 4 mtpa LNG installation…
CMA CGM Agent in Munich will be Relocated from Friday, November 28th, 2014, CMA CGM (Deutschland) office in Munich will move to the following address:CMA CGM (Deutschland) GmbHBranch Office MunichOtl-Aicher-Str. 70D-80807 MünchenGERMANYPhone and fax numbers remain unchanged.
United Nations’ International Maritime Organization (IMO) has decided to make it mandatory to weigh loaded containers before they are transported by sea. This will enhance safety and prevent pollution of the marine environment.In the future…
Norwegian Energy Company’s (Noreco) production in the third quarter of 2014 was basically unchanged from the previous quarter, significant impairments took down Noreco net results after tax to minus NOK 1 101 million.Revenues in the third quarter 2014 were NOK 296 million…
Keppel Infrastructure Holdings Pte Ltd (KI), through its wholly-owned subsidiary, has signed an agreement for the sale of its entire stake in Keppel FMO (KFMO) to Cofely GDF SUEZ for a cash consideration of S$44.72 million, subject to a post…
Statoil has been recommended as Johan Sverdrup operator. Their agreement will be included in the Unit Operating Agreement (UOA), which is planned to be submitted to the authorities in February 2015 together with the Plan for Development and Operation (PDO)…
Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers.Ali al-Naimi won the argument at Thursday's meeting…
Sweden's Vattenfall will drop plans to build new nuclear reactors because a new government, which includes the Green Party, doesn't support them, the company said on Friday.The previous centre-right government overturned a policy of phasing out nuclear power…
Electrabel temporarily closed a nuclear reactor on Sunday after an electrical fire, Belgium's electricity transmission system operator said, leaving only three of the Belgian firm's seven nuclear plants in action.Electrabel, part of France's GDF Suez…
Total and Rosneft signed a Term Sheet that envisages the main terms and conditions of the purchase of 16.67% share in a refinery located in Schwedt, Germany (PCK Raffinerie GmbH). The document was signed in Sochi by the Head of Rosneft Igor…
Petrobras is now the world’s 12th largest oil and gas company, according to the 2014 edition of the Petroleum Intelligence Weekly (PIW) ranking, published by the Energy Intelligence Group. This annual ranking lists the 50 largest companies in the sector…
A few days after delivering our latest tuna freezer vessel Ljubica to our distinguished customer, the Jadran Group, the ship is already across the hemisphere operating at full capacity and excellent results. The pictures show the satisfaction of the ship owner Mr…
The Gazprom Board of Directors took notice of the information about the results of monitoring shale gas industries evolution around the world.It was stressed that the key trends of the global shale gas industry in 2013–2014 were the declined…
One of a series of management improvement measures adopted by Petrobras in the last two years, the Logistics Infrastructure Optimization Program (Infralog) should generate approximately R$1.8 billion (US$719 million) in savings for the company…
