People & Company News

B COOL Acquires MEMAC

With the acquisition of MEMAC, B COOL A/S now offers customers one entry to multiple maritime systems – both refrigeration solutions and monitoring of the

Oman Oil Eyes Local Oxy Assets

Oman Oil Co. is in talks with Occidental Petroleum Corp to buy a minority stake in its assets in the Gulf Arab sultanate, the Omani firm's chief executive said on Tuesday.

Wind Could be 20 pct of Global Power by 2030

Installed wind capacity totalled 318 GW at end of 2013; could surge by 530 pct to 2,000 GW by 2030. Installed wind power capacity could swell by 530 percent to 2,

Total CEO Killed in Moscow Runway Accident

Private jet collided with snow plow during takeoff; Total's CEO a defender of Moscow policies. Insiders Boisseau and Pouyanne long seen as potential successors.

French Prosecutors Open Probe into Total's CEO Death

Paris prosecutors opened a manslaughter investigation following the death of Christophe de Margerie, the head of French oil group Total, in a plane crash in Russia,

Ukraine, Russia, EU Try to Finalize Gas Deal

Differences over debt, prepayments; Ukraine struggling to secure funds for gas payment. Russia says hopes to finalize a deal. Russia and Ukraine aim to resolve

Finances Delay Norway Oil Projects

Several Norwegian oil and gas projects with development plans due next year will be delayed because of high costs and technological challenges, while several will also go ahead,

EU Syria Sanctions Now Target UAE Firms

EU follows U.S. lead with sanctions on Pangates; asset freezes, travel bans on 12 Syrian ministers. military figures, oil trading executives also targeted. The

US Offers Mediators for INA-MOL Energy Row

Croatia government, MOL at odds over INA for years; USA proposes international mediators, cites energy concerns. Both sides launched arbitration suits last year.

Singapore’s MPA Discuss LNG Bunkering

  The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG)

Key to Somalia's Recovery

  Piracy, terrorism and criminal activities originating in Somalia can only be addressed by creating a climate of security, engagement and empowerment that will encourage home grown businesses,

Long Beach Port Honors OOCL Executive

  Andrew Tung, CEO and Managing Director of Orient Overseas Container Line, was presented today with the prestigious “Port Pilot Award” by the Long Beach Board of Harbor Commissioners.

Ocean Power Technologies to Deploy PB40 PowerBuoy Off New Jersey

Ocean Power Technologies, Inc., announced today that the PB40 PowerBuoy(R) fabricated for the WavePort Project has shipped from Santander, Spain to Bayonne, NJ

Salamander Energy Updates on SONA Transaction

  Salamander Energy said it has submitted a draft shareholder circular to the Financial Conduct Authority in relation to previously stated plans to divest of an interest in the Greater Bualuang Area.

Mitsubishi: First-Ever Licensing Deal to Chinese for Marine Propellers

Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME), a group company of Mitsubishi Heavy Industries, Ltd. (MHI),  concluded a licensing agreement

Nordic American Offshore Declares Dividend

Nordic American Offshore Ltd. today announced that its board of directors has declared a dividend of $0.45 per common share for the third quarter 2014. This is the same as for the second quarter 2014.

Bollore Africa Logistics Sees Profit Plunge in H1

First half 2014 profit at shipping company Bollore Africa Logistics plunged to 5.89 billion CFA francs ($11.48 million) from 9.45 billion CFA francs in the same period last year,

Ocean Rig, Petrobras Agree to $1.1b Drill Ships Lease

Cyprus-based Ocean Rig UDW Inc said on Monday that it signed a $1.1 billion three-year contract with Brazil's state-run oil company, Petroleo Brasileiro SA, to

Ship Owning and Management Summit Held in Singapore

The role played by the niche manager; the benefits of ship owners and ship managers working more closely together as well as how best to project shipping’s image further afield,

Thrustmaster Announces Factory Expansion

Thrustmaster of Texas, a manufacturer of commercial marine propulsion products, signed a deal last week to expand its Houston-based production facility by 100,000 sqft (93,000 sq m).

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