Houston-based ConocoPhillips revealed on Thursday that its executive vice president, finance and chief financial officer Jeff Sheets has retired after 35 years of service.
American oil and gas company Marathon Oil recently posted a time-lapse video of its Alba B3 platform being installed offshore Equatorial Guinea. The jacket and topsides for the Alba field compression project were installed in January. In its 4Q 2015 report on Wednesday, Marathon said that commission
Teekay LNG, one of the world’s largest owners of LNG carriers, reported a cash flow of US$61.5 million for the fourth quarter 2015, compared to $69 million in the same quarter the year before.
The court hearing for the Seaman Guard Ohio crew that was supposed to be held on February 16th has been postponed for next week, the Mission to Seafarers told World Maritime News. Namely, the crew’s defense lawyers are seeking from the court to release the seafarers on bail due to their good conduct
Marathon Oil, an oil and natural gas exploration and production company, has posted a quarterly loss and decided to cut spending due to low oil price environment. The company reported a fourth quarter 2015 net loss of $793 million, compared to a profit of $926 million in the year-ago quarter. Marath
Origin Energy of Australia reported a first-half loss of $254 million, as compared to a net loss of $25 million a year ago.
Norwegian offshore safety watchdog the Petroleum Safety Authority (PSA) has issued orders to Italian oil company Eni following an audit of logistics and employee participation on the Goliat FPSO, in the Barents Sea. Following an audit by the PSA conducted on the Goliat FPSO during the period 5-7 Jan
UK consumers could save more than £2 billion if the Government’s planned renewable energy auctions are opened up to include a wider mix of technologies, according to a report published by Drax on 16 February. Drax, an electricity production and sales company also focused on biomass, informed that it
Centrica plc, an energy and services company, has announced plans to lay off 3,000 employees by the end of 2016. Centrica’s E&P business holds assets in the UK, the Netherlands, Norway, Western Canada and Trinidad and Tobago. In the company’s full year 2015 report on Thursday, the company said that
C-bed Floating Hotel’s advanced Service Operation Vessel (SOV), MS Wind Innovation, has successfully completed all offshore testing and is now ready to engage in the commissioning phase of the 600MW Gemini offshore wind farm off the coast of The Netherlands. The last stage of testing equipment and s
GEV Wind Power has developed a ‘factory to site’ Quality Assurance Programme to tackle the risk of wind turbine blades and generators being damaged during the transit. Over 90% of turbine blades are damaged to some degree in transit, GEV said, and with the new service, the company’s technicians will
GEV Wind Power has developed a ‘factory to site’ Quality Assurance Programme to tackle the risk of wind turbine blades and generators being damaged during the transit. Over 90% of turbine blades are damaged to some degree in transit, GEV said, and with the new service, the company’s technicians will
Florida’s Port Everglades and the US-based marine terminal operator King Ocean Services Limited have renewed their 20-year lease agreement. The agreement calls for a minimum 72,000 container lifts annually over an initial 10-year term with two five-year renewal options, and is expected to generate a
Austrian integrated oil and gas company OMV has deepened its losses in the fourth quarter of 2015 due to low oil price and impairment charges. OMV on Thursday posted a loss of EUR 1 billion for the fourth quarter of 2015, compared to a loss of EUR 404 million in the corresponding period of 2014. [&h
