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Two companies anouce sharp drop in profits

Two Scandinavian companies announced that profits have been fallen. Maersk Oil, a Danish oil firm, saw its profit for the third quarter slashed 86 percent, mainly hit by low oil prices. Also, the company on Friday said it would further reduce...

06/11/2015 Read

Watch world’s first LNG-powered Dry Cargo vessel launching

Ferus Smit recently celebrated the launch of the Greenland, the world’s first dry cargo vessel to be fueled by clean-burning liquefied natural gas. The sideways launch took place October 31 at the Ferus Smit shipyard in Westerbroek, the...

06/11/2015 Read

Maersk Line to cut 4000 Jobs

Maersk Line, the world’s largest container shipping company, said on Wednesday it will slash costs, cut staff by almost a fifth and pull out of vessel orders as trade along the busiest routes in the world, from Asia to Europe, slows down. The...

05/11/2015 Read

Offshore Helicopter Crashes

Two pilots are missing after a Pawan Hans helicopter crashed this evening. There were no passengers on board the helicopter when the accident took place off the coast of Mumbai The chopper crashed at around 7:30 pm while carrying out night la...

05/11/2015 Read

What lies ahead for oil & gas majors in 2016?

After assessing the third quarter results from the major oil and gas companies, Wood Mackenzie, an energy intelligence group, has identified four key themes to look out for in 2016.  Wood Mackenzie says the latest round of earnings resul...

04/11/2015 Read

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