People & Company News

Eni to Revive Saipem Sale Plans

The new management of Italy's Eni plans to press on with the sale of a controlling stake in oil services subsidiary Saipem so it can focus on the more lucrative business of finding oil and gas,

ClassNK Holds LNG Fuel Technologies Seminars

ClassNk held LNG-Fuelled Vessel Technologies seminars in Shanghai and Singapore on 22 July and 24, July 2014, respectively. With the industry looking to adopt

USCG Change of Command in Galveston

A Coast Guard lieutenant commander and graduate of Hastings High School in Houston, took command of Maritime Safety and Security Team Galveston during a ceremony in Galveston Thursday.

SeeByte Sells Additional SeeTrack CoPilot Units to Seatronics

SeeByte, a creator of smart software for unmanned maritime systems, announced the sale of a further five SeeTrack CoPilot licenses to Seatronics. This market-leading

Losses Widen for Mexico's Pemex

State-owned oil company Pemex reported a wider second quarter loss hurt by higher sales costs, declining asset values and higher taxes, the company said on Friday.

Miller Rejoins TITAN as Salvage Master

Captain Stuart Miller has rejoined Crowley Maritime Corporation’s TITAN Salvage operations team as salvage master, bringing with him over 30 years of worldwide,

Hamburg Süd to Acquire CCNI Liner Service

Compañía Chilena de Navegación Interoceánica S.A. (CCNI) with headquarters in Valparaiso, Chile, and Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (HSDG) with headquarters in Hamburg,

Candu and Chinese Firm to Cooperate on Romanian Reactors

Canada's Candu Energy said on Friday it will help China Nuclear Power Engineering Company (CNPEC) build two nuclear reactors in European Union state Romania if

MOL Commended with Quality Ship Awards

MOL Commended for ‘FY2013 Best Quality Ship Award’; MOL president Koichi Muto meets with captain and chief engineer, exchanging views and working to establish a more solid safe operation system.

Hydro Group: Invest in the Future

Hydro Group shows a clear commitment to the next generation of employees Figures published earlier this year show that Scotland’s current levels of youth unemployment (16-24-year-olds) is at 853,

Gas Prices Help Offset Statoil's Output Drop

Statoil's second quarter 2014 net operating income was NOK 32 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.

McMillan, Sea Catch Celebrate 20 Years

McMillan Design is celebrating 20 years of design, manufacturing and sales of the Sea Catch Toggle Release. Since 1994, Sea Catch, a quick release hook designed

Danos Adds Environmental Services

Danos recently added an Environmental Services Division to the company’s collection of oilfield related services, which includes production workforce, construction,

Croatia Shows No Sign of Interest in MOL's INA Stake

Hungarian oil and gas group MOL has not received any official notification from the Croatian government indicating that Zagreb would want to purchase MOL's stake in Croatian energy firm INA,

Kazakhstan's Energy Company Moves Towards Float

Kazakhstan's state-owned national energy company KazMunaiGas took a significant step towards a possible stock market flotation on Friday, confirming it had approached

Asia VLCC Rates Could Nudge Higher on Activity

Rates for very large crude carriers (VLCCs) on key Asian freight routes could hold steady or gain next week as charterers seek to complete their vessel chartering

Power Benchmarks: Curve Prices Hold Gains

German Cal '15 remains at 4 1/2-month high; traders say need detail of EU-Russia sanctions to react. Spot mixed, Germany up on weaker green energy supply. FRANKFURT,

Polish LNG Terminal Consortium Needs More Money

The consortium building Poland's first liquefied natural gas (LNG) terminal is in talks to increase the amount it is being paid, but there is no risk to the completion of the project,

Asia-Pacific Crude-Buyers, sellers in tug-of-war

Buyers and sellers in the Asia-Pacific crude market remained at odds as ample supply and weak refining margins weighed on prices, traders said on Friday. "This market is just so weak,

Statoil Expects European Gas Price Rebound

Norwegian oil and gas company Statoil expects natural gas prices to rebound after a big fall in the first half of this year, Chief Executive Helge Lund said on Friday.

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