By MarEx 2015-04-21 19:56:56 Crowley Maritime Corp. and Svitzer Salvage have reached an agreement to merge their salvage divisions to create a new company named “Ardent.” The company will be equally ...
Crowley and Svitzer Create New Salvage Company
Who’s Right about Energy Efficiency?
By Wendy Laursen 2015-04-21 19:42:23 Op-Ed by Wendy Laursen In the on-going debate about a CE Delft report on ship efficiency, the group has come out and restated its results (below). The ...
Majors Team Up for Barents Sea Safety
By Wendy Laursen 2015-04-21 18:53:33 Statoil, Eni Norge, Lundin Norway, OMV and GDF SUEZ will collaborate on solving operational tasks tied to exploration in the Barents Sea. The project, called ...
U.S. Should Allow Free Trade of LNG
By MarEx 2015-04-21 18:23:34 The U.S. is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves to approve ...
GasLog tightens BG ties
NYSE-listed GasLog will charter up to nine LNG carrier newbuildings to the BG Group, which is in the process of being acquired by Royal Dutch Shell. GasLog announced on 21 April that BG will charter ...
Small tankers still vulnerable in SE Asia
One coastal tanker is hijacked every two weeks on average in Southeast Asia, the latest piracy report from the International Maritime Bureau (IMB) has warned. "The frequency of these hijackings in ...
US senator urges export ban lifting
The ban on US crude oil exports is "a sanction on itself", US senator Lisa Murkowski told delegates at the opening day of CERAWeek. The senior senator for Alaska, who is chairman of the Senate Energy ...
Demographic dilemma for Big Oil
Oil companies struggling to come to terms with a low oil price environment are facing two critical issues: how to respond to plunging revenues and how to retain skilled engineers. Stephen Chazen, ...
Pan Ocean to raise USD785 million
South Korean bulker operator Pan Ocean is to raise KRW850 billion (USD785 million) through the issuance of 340 million shares in a paid-in capital increase. The shares, worth KRW2,500 each, would be ...
Oil majors see low price environment
Falling oil price is part of the business cycle, "not oil Armageddon or the end of fossil fuels," believes Shaikh Nawaf Al-Sabah, CEO of Kuwait Petroleum Exploration Company. He told a CERAWeek ...
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