Norwegian explorer Revus Energy has announced the resignation of its chief financial officer Geir Hjellvik.
Acergy has captured a contract to replace a water injection line between two installations in the Danish sector of the North Sea for Dong Energy under a recently signed frame agreement.
BG has hit more pay while drilling in the Santos Basin offshore Brazil with the Guara exploration well which it says is on trend with last year’s huge Carioca discovery.
City officials and the company behind a Hunters Point shipyard housing development say they’ll still finish the project even though state officials have denied them a $25 million grant.
News has been coming in from the US that a two-year-old yacht, Cynthia Woods, which left Galveston on 6 May to race to Veracruz, Mexico, was being towed to an undisclosed location after losing its keel and capsizing. Six crewmen from the Texas A&M University offshore sailing team were onboard.
Classic yacht followers will be thrilled to know that the 1933 J Class yacht “Velsheda” is entered in the JP Mrogan Round The Island Race 2008.
Mining giant Rio Tinto is set to develop a new deep water port at its Weipa mine in far north Queensland, Australia to allow loading of larger ships to meet a rising demand for bauxite, according to The Australian Financial Review.
KUALA LUMPUR, Malaysia – Oil prices fell in Asian trading Thursday as the dollar climbed, but traders said the outlook was for further gains amid worries about global supplies.
Mitsui OSK Lines’ Vision will complete the long quest for a direct connection from Jacksonville to Asia.
ROME – A geology-driven 3D subsurface modeling program was released by Paradigm at the European Association of Geoscientists and Engineering 70th Annual Conference and Exhibition.
A new study carried out by Arthur D. Little and commissioned by industry body Subsea UK has revealed that the Subsea oil and gas sector has grown from £3.35 billion in 2006 to £4.3 billion in 2007.
Petrofac has agreed to become the duty holder for the Northern Producer floating production unit which is due to be deployed on the Don West and Don South West developments in the UK North Sea.
Shares in China-based shipyard and bulk shipping operator Cosco Corp (Singapore) rose on Wednesday on news that its unit Cosco Shipyard Group has secured options to build six additional drilling units from Norwegian oil services group Sevan Marine ASA.
The World Sailing Speed Record Council has announced the ratification of a new 60ft Monohull 24 Hour World Record set by Alex Thomson and Andrew Cape (see photo) onboard the Open 60 Hugo Boss.
