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Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Obama: Keystone Benefits for US Nominal

U.S. President Barack Obama said on Friday that construction of the Keystone XL pipeline to transport crude oil from Canada to the U.S. Gulf Coast would only nominally

Shipyard Recruitment, Training and Retention Roundtable

The domestic shipyard industry is traditionally a cyclical business that sees wild upswings followed by deep downturns. More than 30 deep draft vessels reside on the back order books,

Maritime & Offshore Employment: Contractors, Coverage and Confusion

Faststream USA Managing Director Eric Peters defines the risks in hiring contract workers in today’s marine and offshore markets, and lays out the course to mitigating those headaches.

DNB Bank: Loan Book Risk is Manageable

Norway's DNB bank, one of the lenders most exposed to the energy sector, has tested its loan book against big oil price falls and expects losses to remain below their usual levels next year,

Petrobras Graft Involves at Least 28 Politicians

At least 28 Brazilian politicians, including government ministers, governors and congressional leaders, allegedly received money from a corruption scheme that diverted

Oil Price Bloodbath will Fuel Sector M&A Activity

Cash-rich majors the most likely buyers; M&A flurry expected once oil prices stabilize. Large oil companies flush with cash are expected to seize on the recent

Norway Delays New Oil & Gas Licensing Until 2015

Norway has delayed the launch of its 23rd oil and gas licensing round until next year, the oil ministry said on Friday. The ministry did not give a reason for

Damen Shipyards Galati wins Dutch Romanian Award

  Damen Shipyards Galati has been presented with the Dutch Romanian Business Award for its Corporate Social Responsibility plan, particularly the Group’s community investment initiatives.

Lowrance Renews Insight Genesis College Cup

  Lowrance®, a world-leading brand in fishing electronics since 1957— announced today the renewal of its Insight Genesis™ College Cup. In its second year, the

Jaenichen Tours Port of Brownsville

The U.S. Department of Transportation’s Maritime Administrator Paul ‘Chip’ Jaenichen today visited the future site of a marine cargo dock at the Port of Brownsville made possible,

Abigail Ross Hopper Named BOEM Director

Secretary of the Interior Sally Jewell today named Abigail Ross Hopper as the Director of the Bureau of Ocean Energy Management (BOEM), which manages the development

Bulker Chief Engineer Convicted of Environmental Crimes

A chief engineer from the M/V Trident Navigator was convicted by a federal jury in New Orleans late yesterday after a week-long trial, of knowingly falsifying the

Saudis: OPEC Can't Cut Pricing Without Help

Saudi Arabia's powerful oil minister said on Thursday that OPEC could not cut output without the support of other big producers and attempts to get them on board had not worked.

Transpacific Container Shippers Plan Price Rise

A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Jan. 15, corresponding to an increase of 26.

DP World: Shareholders Back EZW buy, London Delisting

Shareholders of DP World have approved buying Economic Zones World from its majority shareholder and also backed the port operator's delisting from the London Stock Exchange,

Maersk to Continue Russian Operations

Denmark's A.P. Moller-Maersk said its four subsidiaries with activities in Russia continue to operate as planned despite the recent sharp drop in oil price and the rouble's collapse.

S.Korea: No Arrest of KOGAS CEO

A South Korean district court said on Thursday it had rejected an arrest warrant application against the president and chief executive of Korea Gas Corp (KOGAS), Jang Seok-hyo.

Thermal Coal Futures Steady at 7-yr Low

Russian rouble down around 45 pct this year; China unlikely to become coal exporter after tariff cut. Thermal coal futures prices steadied on Thursday, having

Former Shell Head Voser Returning as ABB Chairman

ABB nominates ex-Royal Dutch Shell boss as chairman; current chairman von Gruenberg has decided to step down. Swiss engineer ABB has named former Royal Dutch

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