By Ron Bousso LONDON (Reuters) – Royal Dutch Shell is under pressure from shareholders to cut annual spending below $30 billion (21.3 billion pounds) after buying BG Group to ensure it can maintain its dividend given the slow oil price recovery. Shell and other large oil companies slashed budgets, s
The US Department of Justice (DoJ) has indicted the owner and the captain of the commercial fishing vessel Native Sun for conspiracy and violations of the Clean Water Act (CWA) and Act to Prevent Pollution from Ships (APPS). According to the indictment, starting in 2011 and continuing into 2013, Bin
Positive results from Dutch ship owners while global shipbreaking industry still slow to react The NGO Shipbreaking Platform recently published a list of all the ships that were brought to Indian, Pakistani and Bangladeshi shipbreaking facilities last year. The results show that a total of 768 ships
Energy provider and natural gas distribution company Gaz Metro on Thursday said the Energy Policy 2030 revealed by the Canadian province of Quebec could trigger a wider use of LNG as fuel.
Norway’s Electromagnetic Geoservices (EMGS) reported vessel utilization for the first quarter 2016 at 55% compared with 76% for the first quarter 2015. In the first quarter of 2016, the vessels were allocated 29% to contract and 26% to multi-client projects. EMGS had two vessels in operation in the
Energy giant Chevron said on Thursday that its CEO John Watson received $22 million in total compensation last year, a drop of 15 percent as compared to 2014. Watson, who has been chief executive of Chevron since 2010, received $26 million in total compensation in 2014. According to a filing with th
TGS, a marine seismic data acquisition specialist, expects net revenues for the first quarter of 2016 to be approximately $64 million. With operational investments of approximately $53 million and good cash collections in the quarter, the cash balance increased to around $210 million, TGS said. The
Oil and gas company Tullow Oil said on Friday that, following an issue with the turret bearing on the Jubilee field, offshore Ghana, an investigation has confirmed that the turret has been damaged. Namely, Tullow identified the potential issue with the turret bearing in February which was followed b
In Baltimore last September at the AWEA Offshore WINDPOWER conference the buzz words heard over and over again were “we have steel in the water.” This is, of course, a reference to the jacket foundations for the five French built GE Haliade 6MW wind turbines which will be installed on the first Nort
Oil & Gas UK, a representative organisation for the UK offshore oil and gas industry, has launched a manifesto for oil and gas in run-up to Scottish elections. According to the organization, the manifesto is outlining the four key commitments the next Scottish Government can make to help secure the
Oil and gas services company Wood Group has acquired Ingenious Inc., a supplier of software and consulting services to the global chemical, oil & gas, and energy industries, from its executive leadership team. According to Wood Group, the acquisition provides a manufacturing operations management (M
While the newbuilding market in superyacht construction was severely hit by the recession, the refit activity stayed at a constant pace, and even experienced some growth. Several Dutch superyacht builders successfully took on refit projects to weather the dry spell in newbuild orders. The amount of
U.S. oil and gas exploration company Kosmos, together with its Portuguese partner Galp, are reportedly preparing a seismic survey offshore Sao Tome and Principe. According to Macau Hub news website, the news was revealed by the island nation’s director of National Oil Agency, Orlando Sousa Pontes. H
Norwegian marine geophysical company, PGS, has informed it will cover Aasta Hansteen area, in the Norwegian Sea, in 2016. In May 2016, PGS will start acquisition of a new 4 400 sq. km 3D GeoStreamer survey over the Aasta Hansteen area. The survey is scheduled to be completed in August 2016. Fast tra
