Some of the world’s largest oil traders are reportedly hiring supertankers in a possible attempt to stockpile oil supplies following the plunge in world prices. Trading firms including Vitol, Trafigura and energy major Shell have all booked crude tankers for up to 12 months…
BP Plc and Anadarko Petroleum Corp narrowly failed to persuade a U.S appeals court to reconsider its 2014 ruling that they could face civil fines under federal pollution laws over the 2010 Gulf of Mexico oil spill.By a 7-6 vote, the 5th U…
Petrobras announced results of drilling well 9-SES-188D (Petrobras nomenclature) / 9-BRSA-1280D-SES (ANP nomenclature), located at concession area BM-SEAL-11, in block SEAL-M-426, in Sergipe Basin ultra-deep waters.The results confirm…
Royal Boskalis Westminster N.V. (Boskalis) announced that it has increased its holding in Fugro N.V. to 20.01%, stressing that the move is not a step towards making an offer. Boskalis said views Fugro as “an interesting company with strong market positions in its core activities…
TRIYARDS Holdings Limited an offshore vessel fabrication and engineering solutions provider to the oil, gas (O&G) and marine industry, started the year on a promising note, armed with US$75.4 million in new liftboat orders.The latest liftboat contracts not only add to its orderbook…
ALMACO Group Offshore Division Receives ISO 14001 and OHSAS 18001 Certifications ALMACO Group has received multi-site certifications for ISO 14001:2004, for implementation of Environmental Management Systems (EMS), and OHSAS 18001:2007,…
The Thome Group has announced the appointment of a new Chief Executive Officer, Olav Magnus Nortun, who will take up the position on 1st April, 2015.Mr Nortun, a Norwegian national, brings with him vast experience in the maritime industry…
The new Board of Directors of Electromagnetic Geoservices ASA (EMGS) has reviewed the Company's organization, and has resolved to appoint Bjarte H. Bruheim as Chief Executive Officer of the Company effective from 7 January 2015. Bjarte Bruheim…
McDermott International, Inc. announced today that one of its joint venture companies, Qingdao McDermott Wuchuan Offshore Engineering Co. Ltd. (“QMW”), recently completed a fast-track compression process module fabrication subcontract for Jord Oil & Gas Systems B…
Statoil has today, 7 January, awarded the service contracts for seven bases for the company in Norway. These contracts have been awarded to NorSea Group AS, Saga Fjordbase AS and Asco Norge AS. The contracts awarded include terminal and…
AVEVA Group plc one of the world's leading providers of engineering design and information management solutions has acquired 8over8 Limited from management and certain private individuals. 8over8 is a software business, headquartered in Northern Ireland with operations in North America…
Electromagnetic Geoservices ASA (EMGS) releases information on vessel activity and utilisation 4-5 working days after the close of each quarter. The Company defines 'vessel utilisation' as the percentage of the vessel charter period spent on contracted or multi-client data acquisition…
For the fourth consecutive year, Harris CapRock Communications has been ranked number one on The Independent Top Twenty listing by the World Teleport Association (WTA). The company also ranked fifth on The Global Top Twenty in 2014 based on total revenue and year-over-year growth…
Specialised shipbuilder Keppel Singmarine Pte Ltd (Keppel Singmarine), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured two contracts worth a total of about S$65 million.The first contract was awarded by Seaways International Pte…
Transpetro’s board of directors approved CEO José Sergio de Oliveira Machado’s request to extend unpaid leave to January 21, 2015. The decision was made at a meeting held on January 5, 2015, Petrobras announced. Cláudio Ribeiro Teixeira…
