Maritime and Merchant AS (to be renamed Maritime & Merchant Bank ASA), which was granted a banking license by The Financial Supervisory of Norway (FSAN) on the 28th of January for establishing a global bank dedicated solely to the shipping and offshore industries…
Global energy technology services company Proserv has secured two contract wins in the Gulf of Mexico worth a combined $17 million. The deals with Noble Energy and Talos Energy will see Proserv carry out work at the operators’ respective Gunflint and Phoenix Field Expansion developments…
Hutton’s Group is expanding its Renewables Division to better service the growing offshore oil and gas and renewable energy sectors.Hutton’s Renewables has relocated to larger quayside premises in the centre of Great Yarmouth’s vibrant maritime…
Stewart Mitchell will take over as chief executive of global offshore and mechanical handling group, Sparrows, on March 10, 2014.The announcement follows the decision of current chief executive, Doug Sedge, to stand down after four and half years with the company…
White House Releases Implementation Plan for the National Strategy for the Arctic RegionThe White House yesterday released the Implementation Plan for the National Strategy for the Arctic Region. The Administration solicited input from Alaska Natives…
Pulse Structural Monitoring, an Acteon company, has appointed Mike Campbell as its new operations director. Based in the U.K., he will lead the production, project management and offshore departments and help to manage Pulse’s recent geographical expansion…
The Ferguson Group announced the appointment of industry experts to be based at its Aberdeen headquarters. The newly appointed team will offer technical support to the group’s international bases and provide advice and guidance to partners and customers alike…
According to The Women in Science and Engineering (WISE) institute, statistics suggest that while more are women seeking job opportunities in oil and gas, the industry still has a long way to go.The WISE institute said that it is encouraged by recent figures released by OilCareers…
The International Chamber of Shipping (ICS), a global trade association for shipowners, has issued a paper drawing upon the international shipping industry’s experience of Somali-based piracy during the period 2007 to 2013. “The intention…
Brazil’s Petrobras has been one of the leading players in deepwater, subsea development projects since the turn of the century. These projects include pre-salt and post-salt plays, which require extensive and complex subsea engineering and construction efforts…
Elisabeth Tørstad has been appointed CEO in DNV GL - Oil & Gas. She took on the role from January 2014, operating from the company’s Oil & Gas headquarter in Oslo.“I am very pleased to announce that Elisabeth Tørstad has accepted this role…
Decom North Sea (DNS), the offshore oil and gas decommissioning forum, will host a lunch and learn event to share valuable insight into decommissioning, including lessons learned from recent projects.The event will take place on Wednesday…
Dana Gas received from the Egyptian Government authorities $53m from the current total outstanding receivables of $330m. Payment of $42 million has been received in US dollars and the balance in equivalent Egyptian pounds. Including this tranche…
Teekay Offshore GP LLC., the general partner of Teekay Offshore Partners L.P. announced that it has agreed to issue 1.75 million common units in a private placement to an institutional investor for proceeds of approximately $53.4 million (excluding…
Currently, 319 oil/gas floating production units are now in service, on order or being remarketed for reuse. FPSOs account for 66% of the existing systems, 73% of systems on order. Another 25 floating LNG processing systems are in service or on order…
