The Government of Georgia and the Anaklia Development Consortium (ADC) signed an investment agreement for the construction and operation of the USD 2.5 billion Anaklia Deep Sea Port in the Black Sea Region. Under the agreement, the country’s government grants the ADC, comprised of TBC Holding from G
Progress Energy, the Canadian unit of Petronas informed that Michael Culbert will step down from his position as president and CEO of the company effective October 31, 2016, as he begins to transition into retirement.
British oil company BP has provided an estimate of the amount of oil spilled into the sea from the Clair platform in the North Sea on Sunday. In an update on Monday afternoon, BP said that the most likely volume of oil to sea has been calculated from platform data “as around 95 tonnes.” The [&hellip
Head of Russian gas giant Gazprom, Alexey Miller met on Monday in St. Petersburg with Marco Alvera, CEO of Italy’s Snam. The two executives discussed the future development of the European gas infrastructure and potential areas of cooperation, Gazprom said in a brief statement. Snam specializes in t
Singapore-based BW Group on Tuesday said it has named Jakob Bergholdt as the company’s CFO.
The UK government must take steps to tackle the crisis facing British shipping and seafarers as a consequence of the downturn in the North Sea, general secretary for the trade union Nautilus International, Mark Dickinson, told the union’s UK branch conference on Tuesday. Opening the meeting in Cardi
Gas exports from Iran have reached almost 4 billion cubic meters in the first half of the Iranian calendar year that started on March 20.
The Gulf of Mexico Research Initiative (GoMRI), scheduled to complete its work in 2020, has released a new $65 million funding call for research proposals. GoMRI is an organization that supports research directed at improving the understanding of the effects of oil spills on the environment and peop
Seismic contractor, Polarcus, has seen a slight drop in the vessel activity in the third quarter of 2016. The utilization of the vessel fleet was 90 percent in Q3 2016 compared to 93 percent in the corresponding period in 2015. On the contracted basis the vessel activity was 20 percent higher, comin
Damen Shiprepair Van Brink Rotterdam in the Netherlands has completed a three-week repair project on the Jumbo Javelin, a DP2 heavy lift crane vessel owned and operated by Jumbo. According to Damen’s statement on Monday, the major aspect of the repair was the replacement of the frames of 15 box cool
Oil firm DEA has submitted the Plan for Development and Operation (PDO) for the Dvalin field (previously named Zidane) to the Ministry of Petroleum and Energy in Norway. Dvalin, located in the Norwegian Sea some 15 kilometers north-west of Heidrun and 290 kilometers from Nyhamna in Mid-Norway, will
A trade union for personnel working in the Norwegian energy sector, SAFE, on Monday said some 338 workers will go on strike unless a new deal with the Norwegian oil and gas association is reached.
Dutch manufacturer of offshore wind foundations, Sif Group, is working full steam at its new facilities in Rotterdam after assembling the first monopiles there at the end of the last month. Expecting to have more than 150 people working in Rotterdam in two years, the company is continuously looking
Ships calling Canadian ports are in compliance with the 0.10% sulphur limit in the North American Emission Control Area (NA-ECA), according to results of tests conducted by Transport Canada (TC). An official with TC told the International Bunker Industry Association (IBIA) “that the sulphur content
