People & Company News

Azerbaijan: Natural Gas Production Will Rise

Azerbaijan expects natural gas output to rise from 2016, when new wells are due to start production, with a further increase seen from 2018, thanks to greater production

IEA: Morocco’s Energy Policies on Track

Strong initiatives on energy access and renewable energy as well as subsidy reform reflect government determination. Morocco’s energy strategy is very much on target,

Global LNG Prices Lower on Supply & Demand

NWS project to award two-cargo tender on Friday; Trading firms close out positions as price disappoints. Asian spot liquefied natural gas prices this week extended

Vestas Wins Turbine Order in Turkey

Danish wind turbine manufacturer Vestas Wind Systems said on Friday it had received a 66 megawatt turbine order for a wind project in Turkey. The order was for 20 units of the V126-3.

Nova Oceanographic Center Adds Guy Harvey

Artist, scientist and conservationist offers generous financial gift to aid Undergraduate and Graduate Students as well as Research. Nova Southeastern University

Risky Business: High-Yield E&P Energy Bonds

Investors betting that oil prices will recover are starting to support the battered prices of high-yield bonds from exploration and production (E&P) energy companies.

Norton Saint-Gobain Offers Neon Abrasive Blend Products

Norton Saint-Gobain has recently launched a product line expansion to provide a full portfolio of Norton Neon abrasive products.  The Norton Neon family of products

Exxon Capex Won't Exceed $37 billion

The recent slide in crude oil prices has not affected Exxon Mobil Corp's plans to spend a little less than $37 billion over the next several years, an executive told investors on Friday.

OPEC Oil Output Slips in October, Still Close to Two-Year High

OPEC's oil supply in October has fallen by 120,000 barrels per day (bpd) due to lower production in Angola and Nigeria, a Reuters survey found, although recovery

MARAD Tests Alternative Power for Ships

The Maritime Administration (MARAD) is testing state-of-the-art, environmentally efficient technology onboard the Training Ship (TS) Kennedy.   The National

IMCA Inks Pact with China's CDSA

During meetings held at the China International Diving, Salvage and Offshore Summit 2014, a Cooperation Framework Agreement was signed between the International Marine Contractors Association (IMCA),

Delta "T" Hooks for Offshore Customer

Gaining further ground into the offshore crane market, Delta "T" Systems supplied Cranston Eagle hooks to crane manufacturer Appleton Marine, Inc.   These cranes

Saipem Awards BMT Riser Monitoring Contract

BMT Scientific Marine Services (BMT) was selected by Saipem to supply the riser integrity monitoring systems for the Total Egina development located 150km off the coast of Nigeria.

St. Lawrence Seaway Workers Extend Strike Deadline

The union that represents workers on the St. Lawrence Seaway, the waterway that links the Great Lakes and the Atlantic Ocean, has extended a strike deadline to Monday at 5 p.

Ecopetrol 3rd-qtr Profit Plunges 41 pct, Oil Output Lower

Colombia's state-owned oil company, Ecopetrol, reported a 41 percent drop in third-quarter profit on Friday, due in part to lower crude output and selling prices.

EU Oil Majors' Q3 Refining Boost Temporary

BP, Shell see refining profit double in Q3; falling oil price and maintenance boost refining margins. Refining overcapacity to continue weighing on sector. Refining

New Functionality in WatchMate Vision

Vesper Marine has announced updates to its WatchMate Vision and XB-8000 product lines.   Now, in addition to transmitting and receiving position, course, speed

Freshwater Marine Crane for Chicago

Palfinger Marine delivers a PK 23500 (M) B freshwater marine crane.   The Palfinger Marine dealer Pine Hill Equipment, Inc., operates on the east coast and great lakes.

Mitsubishi Exits Cruise Business; Books $357m Loss

Mitsubishi Heavy Industries, Ltd. (MHI) announced its decision to book an extraordinary loss from its cruise ship business in the company's consolidated financial

Asia-Euro Box Rates Jump 88 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 88.2 percent to $1,312 per 20-foot container (TEU) in the week ended on Friday,

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