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…
Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) won five contracts worth about $120m in total.'We are glad to have the support of repeat…
Production from U.S. shale plays is expected to continue growing for the next few years, driving stable investment in pipeline infrastructure. The latest edition of the DW North American Pipeline Database identifies $22 billion in expenditure for the construction of over 23…
ABS, a provider of classification services to the global offshore industry, is establishing an office in Houston's Energy Corridor near the intersection of Interstate 10 and Highway 6. The new facility will co-locate members from ABS engineering…
As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Bureau of Ocean Energy Management (BOEM) today announced that it will hold Gulf of Mexico Eastern Planning…
The Offshore Marine Service Association announced that Ben Billings has officially assumed the position of President and Chief Executive Officer. Billings comes to OMSA from Washington, D.C. where he has worked for the past nine years on maritime issues in the U…
Rotterdam-based law firm AKD said a recent decision in the Dutch Court of Appeal substantially extends the jurisdiction of Dutch courts following a ship arrest. In the case of the Hero (HSH Nordbank vs Hero Shipping) the court ruled that the 1952 Arrest Convention applies to all vessels…
Robert Gordon University (RGU) in Aberdeen is establishing an International Institute for Oil and Gas, as part of the university’s strategy to build on its achievements in this sector and to develop its reputation as a global leader in oil and…
Transocean Ltd. announced that Lars Sjöbring has been appointed Senior Vice President and General Counsel of Transocean Ltd. He will join the company upon completion of the notice period with his current employer and will be based in Geneva…
GAC opened a new office in Galliano, La., which the company said is part of its response to the increase of offshore oil and gas activity in the region.The new GAC Shipping USA office near Port Fourchon, Morgan City and Amelia enables the provider of shipping…
The board of directors of Keppel Corporation Limited announced that Chan Hon Chew has been appointed to succeed Loh Chin Hua as Chief Financial Officer with effect from February 1, 2014.Mr. Chan, 48, has been with Singapore Airlines Limited…
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) entered into an agreement with Carl Icahn and certain investment funds managed by Mr. Icahn. Under the terms of the agreement, Transocean's Board of Directors has agreed to propose and support at…
The Middle Eastern oil and gas industry is still highly dependent on foreign workers with over half of the industry’s labour force coming from the expatriate community according to latest research released by international jobs board OilCareers…
