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UK Is world’s top maritime business hub

The UK is the world’s leading maritime business services hub as the country’s companies offering marine insurance, shipbroking, legal services and education contribute GBP 4.4 billion (USD 6.3 billion) to the economy and employ over...

25/04/2016 Read

Baker Hughes: Weekly offshore rig count dips

Oilfield services provider Baker Hughes has posted Weekly Rig Count reports to its Investor Relations website, according to which the number of offshore rigs in the U.S. has dropped.  BHI Rig Count: U.S. -9 to 431 rigs U.S. Rig Count is do...

25/04/2016 Read

FPSO BW Pioneer stays with Petrobras for 3 more years

Brazil’s oil giant Petrobras has exercised the option to extend the fixed term of the lease contract for BW Offshore’s FPSO BW Pioneer for three years. The contract was extended from the first quarter of 2017 to the first quarter of 20...

25/04/2016 Read

Wartsila’s order intake down, 550 jobs to be cut

Finnish engine manufacturer Wärtsilä on Thursday informed its order intake for the first quarter 2016 was at €1.27 billion, 1 percent down on the same period in 2015. The company’s net sales also went down 2 percent from &euro...

22/04/2016 Read

Schlumberger’s profit nearly halved in 1Q 2016

World’s largest oilfield services provider Schlumberger saw its profit nearly halved in the first quarter of 2016. The company’s CEO Paal Kibsgaard said on Thursday that the quarter had been one of the worst since the downturn started....

22/04/2016 Read

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