Islamic State Takes Control of Oil Field & Dam in Iraq
Fighters of the Islamic State militia took control Sunday of the largest dam in Iraq, a reservoir of oil and three cities after breaking the biggest defeat the Kurdish…
India's Modi Offers Nepal $1 billion Loan in Regional Diplomacy Push
Indian Prime Minister Narendra Modi offered Nepal $1 billion in concessional loans to help build power plants and roads during a visit on Sunday aimed at shoring up support in a region where China is making inroads. Both India and China are vying for political influence in South Asia, home to more than 1.5 billion people, by offering closer integration with their giant economies. India has long been the dominant force in the region.
Global Entities Convene for Maritime Career Day
The Malta Maritime Careers Day will see the participation of three eminent international entities in its first year of staging. These will be ICOMIA - the International Council of Marine Industry Associations, SNAME - The Society of Naval Architects and Marine Engineers - based in Virginia, U.S. and the IMO International Maritime Law Institute. The objective of the Malta Maritime Careers Day is to bring together professionals…
Patrick T. Mulva, VP & Controller, ExxonMobil, Retires
Patrick T. Mulva, vice president and controller of Exxon Mobil Corporation has announced his intention to retire on Sept. 1, 2014, after more than 38 years of service. Mulva, 63, joined Exxon Company U.S.A. in 1976 as a financial analyst at the company’s refinery in Baton Rouge, Louisiana, and went on to hold a variety of financial positions of increasing responsibility in the upstream and downstream operations. After managing short-range planning for the U.S.
COSCO Corporation (Singapore) announced 2Q 2014 results
Singapore Exchange mainboard-listed COSCO Corporation (Singapore) Limited a leading ship repair & marine engineering and shipping group, today announced its 2nd quarter financial results for the 3 months ended 30 June 2014. Group turnover increased 28.8% to $1.1 billion in Q2 2014 from $890.3 million in Q2 2013 supported by the increase in shipyard revenue. Turnover from shipyard operations increased…
President of Nigeria Dismisses Heads of State Oil
Nigerian President Goodluck Jonathan has replaced the top four executives of Nigeria National Petroleum Corporation, according to his office said Saturday, speaking on one of the most powerful institutions in the country and source of 80 percent of state revenues. Joseph Thlama Dawha replaces Andrew Yakubu as CEO of NNPC Group. Reuben Abati, spokesman cabinet Goodluck Jonathan, declined to give further details.
MOL Liner Present June 2014 KPI Results for Americas
MOL Liner Ltd. announces the June 2014 results of Regional Key Performance Indicators (KPI) in the Americas in the following categories: operations, customer service…
Saipem Awarded New Drilling Contracts of $850 mi
Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately $850 million of which $540 million are related to offshore activity and refer to four different units of Saipem’s fleet. Saipem has signed with Eni Muara Bakau B.V. a contract for the utilization of the Scarabeo 7 which will be operating offshore Indonesia drilling a minimum of 12 wells; the project is estimated to be completed in first quarter 2017.
Industrial Action likely on Curtis Island, Australia
Following BG Group’s second quarter results announcement on Thursday 31 July, the company updates that late yesterday the Construction, Forestry, Mining and Energy Union (CFMEU) – one of the four unions representing workers at the QCLNG plant on Curtis island, Queensland, Australia – has given notice to Bechtel of its intent to take protected industrial action on Thursday 7th August. BG Group is not…
Evergreen to Start Own Rotterdam-Dublin Feeder
Evergreen Line is to operate its own feeder link between Rotterdam and Dublin as part of a local network revamp that includes an upgrade of its Liverpool service. Evergreen will run its own independent service on a weekly shuttle basis between its hub in Rotterdam and Dublin. It will also start a slot exchange arrangement with common carrier X-PRESS feeders on its weekly Dublin service from Rotterdam.
Kara-Summer 2014 Arctic Field Expedition Started
The research and development expedition to investigate ice and metocean conditions in the Russian arctic organized by The Arctic Research and Design Center (the Rosneft and ExxonMobil JV) with the support of Arctic and Antarctic Research Institute experts has started in the White sea. Scientific research vessel Akademik Tryoshnikov departed the Arkhangelsk port to move along the route from the Kara Sea to the Chukchee Sea, virtually along the whole of the Russian Arctic coast.
Manila, Philippines – Congestion Situation Update
Hapag-Lloyd informs that the ongoing congestion in Manila has not improved. Consequently, the situation resulted in cumulative delays and build up of containers…
Fortis to Hold Investor Day on October 1
Fortis Inc. will hold an Investor Day on Wednesday, October 1, 2014, in Toronto, Ontario. Barry Perry, President and incoming Chief Executive Officer, Fortis, along…
Updated Channel Depth at Townsville, Australia
After recent bed levelling at Townsville, the depth of the Platypus Channel has been revised to 11.0m. This means tidal windows for vessels with a draft of 9.70m or greater.
Gazprom Tightening Links with Bosnia & Herzegovina
Led by Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee the Company's delegation paid a working visit to Bosnia and Herzegovina today. As part of the visit, meetings were held with the Government officials, namely Bakir Izetbegovic, Chairman of the Presidency of Bosnia and Herzegovina, Zeljko Komsic, Member of the Presidency, Vjekoslav Bevanda, Chairman of the Council of Ministers…
Maha Energy and Palliser Oil & Gas to Amalgamate
Maha Energy Inc. and Palliser Oil & Gas Corporation are pleased to announce that they have entered into an amalgamation agreement pursuant to which Maha and Palliser…
Axeon Imported Kurdish Oil for its US Refinery in June
Axeon Specialty Products said on Friday it received a cargo of Kurdish Shaikan crude oil in June at its Paulsboro refinery in the United States. Several cargoes of the oil have recently reached U.S.
Crowley in Expansion Mode Opens Office in Singapore
With the changing market conditions and a commitment to proactively support the global needs of its customers, Crowley Maritime Corp.’s solutions group has expanded its presence in the Asia Pacific market by opening a new project management office in Singapore. The office is located at 77 Robinson Road on the 34th floor of the Robinson Building and can be contacted at +65 6809 2160. William Hill, PMP…
Japan PM Tells Brazil Time to do More Business
Japan's Prime Minister Shinzo Abe touted the success of his economic policies on a visit to Brazil on Friday and said it was time for the two nations to expand their trade and investment partnership.
Baghdad Seeks to Have Kurdish Oil Dispute Settled in Iraq
Baghdad wants to settle a high-stakes dispute over $100 million worth of Kurdish crude oil in Iraq's courts, although the oil is sitting in a tanker off the coast of Texas, a U.s.