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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

Norway oil income heading for six-year low amid price plunge

The state’s oil income is on track to dip to the lowest in at least six years. Net income from the Norway’s direct stakes in offshore oil and gas fields for the first nine months is 13 percent behind the same period last year and barri...

04/11/2015 Read

Fugro letting even more workers go

Dutch marine engineering firm Fugro will lay off hundreds of workers in the coming quarters. The company is trying to keep its expenses at bay due to a deteriorating market situation in the oil and gas market, caused by low oil prices. The oil and...

03/11/2015 Read

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