Chevron Corporation (NYSE:CVX) today announced a $35.0 billion capital and exploratory investment program for 2015. Included in the 2015 program are $4.0 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron…
Some 10 pct of oil workers laid off; Energy sector at risk of cutting too much.Norway's offshore energy sector may be repeating the mistakes of the last big oil slump, removing too much capacity too soon and leaving the industry unprepared for any eventual rebound…
Three large new escort tugs contracted by Norwegian operator Østensjø Rederi, will feature Wärtsilä dual-fuel (DF) engines integrated with a customized gas storage and supply system also supplied by Wärtsilä. The tugs will operate primarily…
Greatship (India) Limited (GIL), a wholly owned subsidiary of The Great Eastern Shipping Company Limited, has signed a contract to buy a 2015-built 4000 dwt Platform Supply Vessel (PSV). The vessel is expected to join the Company’s fleet during Q4FY2015…
CWind has appointed Ben Hooker as Sales Manager U.K. and Stefan Marschner as Sales Manager Germany. Hooker and Marschner will play key roles in developing CWind’s customer relationships and will support the delivery of the business’s portfolio of services…
Fugro N.V. announces that the Supervisory Board of Fugro nominates Mrs. P.H.M. Hofsté and Mrs. A.H. Montijn for appointment as members of the Supervisory Board at the Annual General Meeting of Shareholders (AGM) to be held on 30 April 2015…
Technip and EDGE Certified Foundation announce today that Technip in Brazil, in France and in Italy, including flexible pipe manufacturing plants in Brazil and France and Group’s headquarters, have been certified to the EDGE (Economic Dividends…
U.S. oil company Apache Corp announced the retirement of Chief Executive Steve Farris, effective Tuesday, and named John Christmann, chief operating officer - North America, as his replacement.Farris, who has helmed Apache for 14 years,…
People Factor Consultants Ltd (PFC) has celebrated the second operational anniversary of its exclusive, in-house designed high fidelity power distribution simulator.Unique in Europe (the only other is based in Houston and was also designed by and commissioned to PFC)…
The United States District Court for the Eastern District of Louisiana yesterday ruled on the issues raised in the Phase 2 trial of the Deepwater Horizon case: the quantification of oil spilled and BP’s source control efforts following the accident…
Brazilian natural gas and oil producer QGEP Participacoes SA said on Friday it abandoned an offshore exploration block it owns with Brazil's sate-run oil company Petrobras after deciding continued exploration was not economically viable.The returned block…
Shlumberger Ltd, the world's No.1 oilfield services provider, said it will cut 9,000 jobs, or about 7 percent of its workforce, as it focuses on controlling costs amid plummeting oil prices.The company said it took charges amounting to $1…
MacGregor, part of Cargotec, has won a contract from Fujian Southeast Shipyard in China to supply deck equipment packages for two 78m anchor-handling/offshore support vessels under construction for Singapore-based Adhart Shipping Pte Ltd…
Oil majors BP and ConocoPhillips will cut over 500 jobs in the North Sea following similar moves by rivals to reduce costs in one of the world's most expensive exploration areas as oil prices tumble.Although the cuts are relatively small for companies with dozens of thousands of employees…
Meriaura Group to strengthen its position in the market by increasing its cargo fleet. The company has ordered a Dutch Royal Bodewes shipyard two VG EcoCoasterTM -kuivarahtialusta, both a carrying capacity of 4700 tons. The new building contracts were signed in December in Turku…
