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Contract with Statoil to create new jobs

Wood Group, an international energy services company, has been awarded a framework agreement with Statoil. The agreement is expected to create approximately 250 jobs. On Tuesday, the Norwegian oil major Statoil dished out maintenanc...

16/12/2015 Read

Baltic Dry Index Plummets to New All-Time Low

The shipping industry’s most-watched measure of rates for hauling commodities plunged to a fresh record amid a persisting glut of ships and speculation weakening Chinese steel output could translate into declining imports of iron ore to make th...

16/12/2015 Read

Technip wins offshore work in Gulf of Mexico

Technip, an oilfield services provider, has been awarded a lump sum contract by Deep Gulf Energy II, LLC for the development of the Odd Job field, in the Gulf of Mexico.  This ultra-deep-water field is located in Mississippi Canyon, offshore...

15/12/2015 Read

Teekay Tankers Nets USD 900m Loan

Nasdaq-listed tanker shipping company Teekay Tankers has secured a new USD 900 million long-term debt facility that will be used to refinance 36 of the company’s existing vessels. The loan, set to mature in January 2021, will include re...

15/12/2015 Read

Magseis reveals more on seismic deal

Magseis, a Norwegian seismic survey company, in November said it had secured a letter of award for a project outside the North Sea region with an undisclosed client.  On Tuesday, December 15, the company revealed both, the name of the client...

15/12/2015 Read

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