Energy

Seadrill Sees Industry Pain Through 2016

Stock down nearly 5 pct; predicts tough market through 2016. Seadrill, the world's second biggest offshore oil driller, predicted years of pain for the global

Shell Names Top Executive to Lead BG Integration

Royal Dutch Shell has appointed the head of its Chinese operation to spearhead the integration with smaller British rival BG Group once the $70 billion deal is completed.

Norway Oil Fund May Have to Shed Coal Positions

Norway coal sales to affect up to $5 bln investment; plan won't be a model for divestment from oil, gas. Norway's $900 billion wealth fund may have to sell its

Oil Steadies Ahead of U.S. Inventory Data

Dollar steadies after almost two weeks of strong gains. Oil prices steadied on Thursday after a two-day slide as investors awaited data from the U.S. Energy

Tidewater Reports Loss in 4Q

  Tidewater Inc. reported today a fourth quarter net loss for the period ended March 31, 2015, of $9.1 million, or $0.19 per common share, on revenues of $324.

LNG Vessel with Wartsila Integrated Solutions Delivered to Evergas

  The first in a series of 27,500 cbm 'Dragon' class vessels ordered by Evergas, a world renowned owner and operator of seaborne petrochemical and liquid gas transport vessels,

Executive Changes at Transocean

  Transocean Ltd. today announced that, as mutually agreed with the company, Esa Ikaheimonen is stepping down as Executive Vice President and Chief Financial Officer effective immediately.

BMT, Endeavour Energy Win Africa’s LNG Import Terminal Contract

  BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, has been appointed Owners Engineer and lead design consultant by Endeavour Energy for the development

Fugro Extends Contract with McDermott

  Fugro has been awarded a three-year extension to its existing contracts with McDermott Middle East, Inc. The contract covers the provision of survey, positioning,

Rosneft Aero, Air BP Ink Fuel Supply Deal

  Rosneft Aero (Rosneft subsidiary) and Air BP Limited (BP Plc. subsidiary) have signed Aviation fuel supply agreements. The implementation of these agreements

Keel Laid for Russia’s Next Generation Icebreaker

  The world’s biggest nuclear-powered icebreaker keel laying ceremony took place of at the Baltic Shipyard on 26 May 2015. Heads of Atomfflot, the Baltic Shipyard

Calif. Oil Spill Cited by Foes of Offshore Drilling Plan

Environmentalists urged California regulators on Wednesday to reject a proposed expansion of the only offshore drilling operation still permitted in state waters along the Santa Barbara coastline,

Peru to Open Bidding This Year on LPG Pipeline

Peru will likely open bidding late this year on the rights to build a liquefied petroleum gas (LPG) pipeline to help prevent supply crunches that have prompted the import of 292,

Scandlines Orders Ferry Battery System

Corvus Energy announces the signing of marine Energy Storage System (ESS) contract with Scandlines Denmark ApS; world’s largest battery hybrid electric fleet orders additional 2.

Caterpillar CEO Joins ExxonMobil Board

Exxon Mobil Corporation announced today that its shareholders have elected Doug Oberhelman to its board of directors. Oberhelman is chairman of the board of directors

Devon Energy and Apache Shut-in Some Wells on Storms

Apache Corp. and Devon Energy Corp. said on Wednesday they have been shutting in some oil and gas wells as a precautionary measure because of heavy rains this week in Texas and Oklahoma.

India GAIL Sells Some its U.S. LNG to Shell

GAIL (India) Ltd has sold some of its liquefied natural gas (LNG) from the U.S. portfolio to European energy major Royal Dutch Shell ahead of production from early 2018, its head B.

Prosafe CFO Larsen Resigns

Chief Financial Officer of Prosafe Management AS, Sven Børre Larsen, has decided to resign from his position to take on the role as Chief Financial Officer in TGS-NOPEC Geophysical Company in Asker,

Greece's Motor Oil Returns to Profit in the First Quarter

Greece's second-biggest oil refiner Motor Oil returned to profit in the first quarter, mainly thanks to higher refining margins and demand for heating oil. Net profit came in at 41.

How Russia Was Warned Against Oil Output Cut as Prices Dived

As Russia prepares to meet OPEC next week, a briefing paper from a Moscow think tank has shed light on how the government was warned against cutting oil output

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