In December, hotel occupancy rates in Aberdeen dropped 4.5% compared to the same period in 2013, according to market analysts LJ Research. It’s just one of the knock-on effects of the fall in oil prices, with other, more obvious ones being the abrupt slowdown in drilling and near-daily announcements
Stirling Group, a company specializing Health, Safety and Environment (HSE) services with the head office in UAE, is offering a new course tailored specifically to meet the needs of those with safety responsibilities and duties within the oil & gas industry. The organization has recently been approv
Gulf Marine Services, a provider of self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors,has won a long-term contract for one of its Large Class vessels. The contract is for three years with an option to extend for another year. GMS did not
As the oil industry sector is looking for ways to reduce costs amid falling oil prices, similarly to the week of January 12 – 18, 2015, more companies have announced workforce reductions. Accordingly, articles on Talisman and Baker Hughes laying off their workers were the most read. You also read ab
IndustriALL Global Union yesterday in Davos, Switzerland, signed a landmark agreement with Total, the French oil and gas giant, guaranteeing employee rights across the company’s international operations. The agreement was signed by Patrick Pouyanné, the recently appointed Chief Executive Officer of
Wood Mackenzie, an energy intelligence group, has issued a list assessing the challenges facing the Majors, Independents and National Oil Companies (NOCs) in 2015, identifying five themes to look out for which will shape the oil & gas corporate landscape: The financial challenge of low prices Lo
Afren plc, an independent oil company with assets in Africa and the Middle East, has confirmed it has been reviewing its capital structure, liquidity and funding requirements, with its advisors . As part of that process Afren has said it is in discussions with its lenders regarding amendments to its
Lundin Petroleum’s Senior Vice President Development Chris Bruijnzeels will step down at the end of January 2015 following 12 years with the company. Bruijnzeels has worked in various technical, commercial and managerial positions within the Company since 2003 and has been Senior Vice President for
Companies in the deepwater drilling market have lost more than half of their value over the last year; Transocean, Seadrill, ENSCO and Diamond are currently priced 56% lower on average compared to January 2014 in line with the decrease in oil prices, Douglas-Westwood, an energy market intelligence c
The articles you have read the most in the past week include Offshore Energy Today’s coverage of two videos; the first video shows Borgholm Dolphin offshore facility being rocked by waves and strong winds in the North Sea and the second one shows the Alvheim FPSO being battered by the winter storm N
Eversendai Offshore RMC FZE, an oil & gas and marine fabrication company, has held the keel laying ceremony for both units of GustoMSC NG-2500X self-propelled jack-ups, known as liftboats, ordered by Vahana Offshore (S) Pte Ltd in 2014. Keel laying signifies the formal recognition of the start of th
The Ferguson Group, a specialist in the provision of offshore DNV 2.7-1 / EN12079 containers, tanks, baskets, workspace and accommodation solutions, has unveiled a new HVAC system for its workspace modules, which will protect workers from high temperatures and excessive humidity levels whilst offsho
Lamprell, a builder of offshore drilling rigs, with construction facilities in the U.A.E, expects 2015 to be a challenging year. The company has said that while 2014 was an exceptionally strong year for Lamprell, that level of performance will not be replicated in 2015 due to Lamprell’s projects bei
Polarcus Limited has chosen Rod Starr to succeed Rolf Ronningen as Chief Executive Officer of Polarcus. Rolf Ronningen, who informed the Board of his planned retirement in 2014, will continue as Chief Executive Officer until Rod Starr takes up his appointment, expected early Q1 2015, Polarcus said i
