People & Company News

Rosneft and NADL Sign Exchange of Assets Deal

  Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects.

Norman Murray, Petrofac Chairman Quits

  Petrofac, the international oil & gas facilities service provider, today announces that Norman Murray, who has been Chairman since May 2011, has resigned from

MN 100: AEP River Operations

16150 Main Circle Drive, Suite #400 St. Louis, MO 63017 Tel: (636) 530-2100  Email: info@aepriverops.com Website: www.aepriverops.com President: Keith Darling The

MN 100: Caterpillar Marine

Neumühlen 9 22763 Hamburg/Germany Tel: (713) 895-1449 Email: cat_power@cat.com Website: www.marine.cat.com Managing Director: Nigel Parkinson The Company: Caterpillar

Pemex 2014 Crude Output to Hit Decades Low

Mexican national oil company Pemex said on Friday it had lowered its crude oil output forecast for 2014 to at least 2.35 million barrels per day (bpd) as it revised outdated measurements.

Airbus May Sell Stake in Submarine Supplier

Airbus is considering a sale of its 49 percent stake in submarine supplier Atlas Elektronik as part of a reshuffle of its military business, German newspaper Die

Roll-iT Reacts to Growing Demand

Roll-iT reaches new peaks with SCHEUERLE Self-Propelled Modular Transporters Roll-iT from Stabroek, Belgium is a co-partnership of Aertssen Kranen (Aertssen

Ferguson Norge Unveils New NORSOK Workshops

As a result of market demand for NORSOK workspace modules, Ferguson Norge, specialists in the rental of DNV 2.7-1 / EN 12079 certified offshore containers, refrigeration/freezer modules,

Emperor Expands Pump Range

Emperor Pump, a leader in triplex plunger pumps for the pressure cleaning industry, has expanded into industrial pumps rated up to 112 gallons per minute or pressures up to 21,

Duke Energy Sells Generation Business to Dynegy

Duke Energy announced Dynegy will buy its non-regulated Midwest Commercial Generation Business for $2.8 billion in cash, which includes ownership interests in 11

New HSPA RTU Brings Industrial Reliability

Moxa, a producer of industrial-grade networking solutions, has introduced the new ioPAC 5542-HSPA, a compact hardened cellular RTU controller designed to provide

Odfjell 2Q Results In Line with Expectations

Chemical Tankers had an EBITDA of $24 million, compared with $17 million in the first quarter. Improved utilization with only minor interruptions of trade. Time-charter results were up by 10%.

New Partnership Targets Enhanced Tracking Solutions

Globe Tracker International, a  global asset tracking, monitoring and data sharing, has announced  a strategic relationship with Total Soft Bank Ltd. (TSB), a global

MECNW Helps Tackle Skills Shortages

Fears that UK industry is failing to tackle widespread skills shortages and that skill sets are falling short of employers’ expectations can be avoided if business

India: Govmt Panel to Tackle Gas Pricing

India has set up a four-member panel of secretaries from different ministries to work out a new gas pricing mechanism, a senior official at the oil ministry said on Friday.

UK Oil Output Threatened by Offshore Power Shortages

More platform power needed to boost recovery from mature fields; producers say sellers offer gas on unhelpful terms. Loss of hubs will toll death knell for dependent fields.

UK Funding Scottish Tidal Project

Britain says tidal array will be biggest in the world; array should start delivering electricity in 2016. The British government will help fund a tidal project,

Dynegy Buys Duke Energy, Energy Capital assets

U.S. power company Dynegy Inc said on Friday that it would buy coal and gas generation assets from Duke Energy Corp and Energy Capital Partners, in two deals totaling $6.

Can Shale Revive China's flagging oil fields?

"I believe and will prove that our country is not deficient in oil reserves. If I can use my 20-year lifetime in exchange for a large oil field, I will." Those comments,

GDF shut Gjoea Field in mid-August

France's GDF Suez shut production at its Gjoea field off Norway on Aug. 15 and its Vega field on Aug. 11 for planned work, it said in a statement on Friday. The

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