People & Company News

U.S. Refinery Workers Contract Proposal Rejected

  Union negotiators said the latest proposal from oil companies for a new three-year contract for U.S. refinery workers was rejected on Friday because it failed meet to members' objectives,

Argentine Biofuels Exports Spike Unlikely

  A policy change allowing Argentina's biofuel producers another way to qualify for U.S. biodiesel credits will not hugely boost fuel exports from the South American country,

Pemex Oil Output Down in December

  Mexico's state-run oil company Pemex said on Friday its crude oil production fell 0.4 percent in December from the previous month at 2.353 million barrels per day (bpd),

Exxon Adds Discrimination Protections in U.S. for LGBT Workers

   Exxon Mobil Corp, the world's largest publicly traded oil company, has changed its U.S. employment policies to prohibit discrimination based on sexual orientation

Azerbaijan Critical After S&P Revises Rating

  Azerbaijan criticised Standard & Poor's for resorting to what it said were "double standards" after the agency revised the country's sovereign credit outlook downward to negative on Friday.

Zamakona, Finnish GS-Hydro Ink Deal

  The presentation ceremony of the Finnish multinational leader in water services GS-Hydro, new partner of Zamakona Yards in Canarias was held yesterday (January 29th at 7 p.

Chevron Budgets $35.0 Bi for Capital, Exploration

Chevron Corporation (NYSE:CVX) today announced a $35.0 billion capital and exploratory investment program for 2015. Included in the 2015 program are $4.0 billion of planned expenditures by affiliates,

Naval EXPO Coming to Washington

  For the first time ever, the general public will be admitted free to the Naval Future Force Science and Technology EXPO general exhibit hall Feb. 4-5 where they

Adani Group Revamps Businesses

  Adani Enterprises Limited together with its subsidiaries Adani Ports and Special Economic Zone Limited (“APSEZ”) and Adani Power Limited (“APL”) today announced

PHA Budgets $ 275 mi for Capital Improvements

  In 2015, the Port of Houston Authority has budgeted $275 million for various capital improvement projects. About $184 million is being allocated to its container

Brazil to Avoid Rationing Energy

  Brazil's government is planning to take steps to save energy through more efficient usage to avoid blackouts and the risk of rationing, Energy Minister Eduardo Braga said on Friday.

Kongsberg Expands Louisiana Office, Training Facility

Kongsberg Maritime has purchased approximately 5.2 acres for new construction on an 82,980 sq ft office and training facility. Construction on the James Business

HII Acquires Engineering Solutions Division

Huntington Ingalls Industries (HII) has acquired the Engineering Solutions Division of The Columbia Group, a designer and builder of unmanned underwater vehicles

Fuel Distribution Boss Jailed on Suspected Corruption

Venezuela arrested an oil ministry official in charge of overseeing the domestic fuel market on suspicion of corruption, the state prosecutor's office said in a statement on Friday.

Sjo Resigns from Polarcus Board of Directors

Polarcus Limited announced that Hege Sjo will resign from its board of directors effective February 2, 2015.   Sjo has accepted an appointment as Deputy Director

Congestion is Port of Long Beach’s Toughest Issue

Slangerup’s State of the Port address outlines goals for Energy Island, smarter supply chain   In his first-ever State of the Port address, Port of Long Beach

Cavazzi Joins ENVITIA’s Applied Research Team

ENVITIA has appointed Dr. Stefano Cavazzi to the role of Geospatial Intelligence (GEOINT) Consultant. Cavazzi will be responsible for providing expertise to customers

Chevron Scraps 2015 Share Repurchase Program

Chevron Corp halted its 2015 share repurchase program on Friday, a move to conserve cash amid tumbling oil prices.   The company's shares extended loses on the news,

Shell Corrects Q4 Results, Earnings Unaffected

Royal Dutch Shell said on Friday it had overstated its fourth quarter results by $178 million due to an error in the valuation of its fuel inventory.   The company said its underlying earnings,

Raytheon Anschütz Opens Service Center in Panama

German navigation system manufacturer Raytheon Anschütz has established its new subsidiary Raytheon Anschuetz Panama, S. de R.L., in Panama City.   The new company,

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