Americas
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Baker Hughes to combine with GE’s oil and gas business
Houston-based global oilfield services giant Baker Hughes is teaming up with the oil and gas business of Boston-based General Electric…
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Emissions show dramatic plunge at Port of Oakland
The Port of Oakland is touting huge drops in diesel emissions from ships and trucks over a 10-year period. Figures…
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Argo LNG orders $1.8bn facility at Honghua
China’s drilling rig manufacturer Honghua Group has announced that its subsidiary Honghua Offshore has entered into a $1.8bn offshore LNG…
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Paragon Offshore plan to exit Chapter 11 is turned down by court
Houston-based rig operator Paragon Offshore has been denied its request to exit Chapter 11 bankruptcy. In an unusual move for…
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Court approves injunction against investigation of missing billions at PDVSA
Venezuela’s Supreme Court has approved an injunction against a congressional investigation into the alleged disappearance of $11bn at state oil…
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Petrobras targets 2020 for first FPSO at Libra field JV project
Petrobras has set a target year of 2020 for when it will install the first floating production, storage and offloading…
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Peter Evensen calls it a day at Teekay
Peter Evensen is stepping down from his role of president and CEO of Teekay Corporation, retiring after more than 13 years…
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Transpetro cancelling 17 tanker orders
Brazillian energy major Petrobras transport subsidiary Transpetro is cancelling orders for 17 tankers. The move seriously dashes government plans to…
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The tale of two canals – game theory in action
What comes to your mind when you think about the Suez and Panama Canals? Marvels of engineering? An exotic waterway…
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Matson to raise $75m via bonds for fleet renewal
US shipping company Matson has entered into a private placement commitment letter under which it expects to issue $75m of…
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Panama Canal Authority rejects ITF safety claims
The Panama Canal Authority (ACP) has rejected claims by the International Transport Workers’ Federation (ITF) that the ACP is putting…
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Fugro going back to Massachusetts for offshore wind contract
Fugro has been awarded a contract by Vineyard Wind, formerly named OffshoreMW, to perform a marine geotechnical site investigation within…
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JSC secures FEED contract for Woodfibre LNG project
Japan’s JGC Group has announced that its wholly-owned subsidiary, JGC America, has been awarded a contract to provide front-end engineering…
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Case put forward for offshore drilling in the Arctic
Officials in the administration of US President Barack Obama and former senior military figures have spoken out in favour of…
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Seacor makes $305m GulfMark approach
Seacor Holdings chief executive Charles Fabrikant has written to GulfMark Offshore chairman David Butters suggesting the pair merge. Seacor, which…
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Wood Group wins long-term EPC deal off Canada
Wood Group has been awarded a five-year contract for engineering, procurement, construction and maintenance services at the Hibernia platform, offshore…
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ITF raises concerns for worker safety at expanded Panama Canal
The International Transport Workers Federation (ITF) has raised more concerns about safety issues at the new locks of the expanded…
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Is the Federal Reserve finally waking up?
Does the Federal Reserve finally begin to realize their low interest policy has failed? For example in the minutes from…
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Petrobras announces agreement to team up with Total
Brazil’s troubled energy giant Petrobras announced on Monday it is forming a strategic alliance with France’s Total to work on…
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Tide still not turned for troubled US OSV operator
Tidewater has received extensions of the waivers on certain covenants until November 11 – the second extension in quick succession…
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