People & Company News

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

Sioux Receives Pillar of the Industry Award

Sioux Corporation received the Pillar of the Industry Award from the Association of Equipment Manufacturers for its dedication and support of America’s manufacturing

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Circle Oil Makes Second Gas Discovery in Morocco's Sebou

Circle Oil drilling in the KSR-12 well in Morocco has found gas on two levels in the Sebou onshore permit, the Office of Hydrocarbons and Mining said in a statement on Friday.

Petrobras Cancels Fertilizer Plant Contract with Galvao, Sinopec

Brazil's state-run oil firm Petrobras said on Friday it had canceled a contract with a joint-venture group comprised of China's Sinopec and local engineering company

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

San Jacinto College Breaks Ground on New Training Center

San Jacinto College has broken ground along the Port of Houston for its new 45,000-square-foot Maritime Training Center.   At the site of 3700 Old Highway 146 in La Porte,

L-3 SAM Equips RollDock Vessels

L-3 SAM Electronics has completed the supply and installation of an extensive range of electrical and electronic equipment aboard two new sister vessels, RollDock Star and RollDock Storm,

API Publishes RP forr Structual Integrity Management

The American Petroleum Institute (API) has published a new recommended practice for structural integrity management. The new guidelines emphasise the importance

New Chinese Shipyard Launches First Ship

The new shipyard facility of Honghua Offshore Oil & Gas Equipment Company in Jiangsu, China, has launched its first ship, an IMT982 Platform Supply Vessel. The vessel,

Maven Invests $6.65m in MBO of Fathom Systems

Maven Capital Partners (Maven) has led the management buy-out of subsea technology firm, Fathom Systems Limited. The $6.65million investment by Maven in the

GE Wins$1b Cheniere LNG Train Service Deal

Construction well underway on the first four LNG trains at Cheniere Partners’ Sabine Pass LNG export facility located in Cameron Parish, Louisiana, with first LNG

Winds, Lower Demand Pressure Spot Prices

Strong winds and lower demand ahead of the Christmas holiday slashed Czech and Slovak prompt power prices on Friday, while Hungary and Romania remained at a regional premium, traders said.

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Optimarin ,Goltens Ink BWT Retrofit Agreement

Ballast Water Treatment (BWT) specialist Optimarin and Goltens, a provider of engineering and installation solutions for the shipping industry, have signed a nonexclusive

Libya's Two Biggest Oil Ports Were Not Damaged During Clashes

Libya's two biggest oil export ports, Ras Lanuf and Es Sider, have not been damaged during recent clashes between forces allied to the country's competing governments, port engineers said on Friday.

Oil's Impact: Transocean Feet Update

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) has issued a monthly Fleet Update Summary which includes new contracts, changes to existing contracts, and changes in estimated

WSS Appoints HR Director in Singapore

Wilhelmsen Ships Service (WSS) has appointed Adrian Lau as Regional Human Resources and Organization Development Director, Asia Pacific, with a focus on driving the company’s performance culture,

Ennsub Delivers ROV Deployment Systems

Ennsub has completed the design and manufacture of two workclass remotely operated vehicle (WROV) deployment systems for ROVOP, due to be installed into a newbuild

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,

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