9288 Search results for ‘’

Other News

Yachtsman vessel sinks miles from safety after drifting towards North Sea platform

09/10/2015

An 82-year-old man who spent more than 18 hours adrift in the North Sea was forced to watch as his yacht sank while being towed back to safety in Norway. Julian Mustoe was rescued by a Norwegian Coastguard cutter on Wednesday after his craft lost power halfway between Shetland and Bergen. The rescue effort was prolonged because of bad weather but eventually Mr Mustoe was taken aboard the coastguard boat with the 25ft yacht, Harrier of Down, taken under tow.

Other News

State review says Californian oversight of oil well injection sites ‘inadequate’

09/10/2015

California's oversight of wells where oil companies dispose of wastewater brought to the surface is hindered by inadequate staffing and poorly organized paper records, a state review of the program said Thursday. In a report to the state legislature, California's Department of Conservation (DOC) found that wastewater injection wells also suffer from inconsistent permitting, monitoring and enforcement of their construction and operation, among other problems. "The division hasn't owned up to its responsibilities as a regulator in the past, but we are rapidly moving towards doing that," Steve Bohlen, head of California's Division of Oil, Gas and Geothermal Resources, which oversees the state's drilling activities, said on a conference call with reporters.

Other News

Environmental group raises fear over Statoil spill

09/10/2015

An environmental group in Norway is reportedly threatening to file a police complaint against Statoil following an oil leak in the North Sea. The company announced yesterday an oil spill had been discovered during the loading of oil from the Statfjord A platform tanker.

Other News

Prediction: Brent Crude to hit $60 a barrel by the end of the year

The price of a barrel of Brent crude is expected to reach $60 by the end of the year - according to at least one economist. Carl Paraskevas, senior economist for the Bank of Scotland said the lender’s house view was that the price of a barrel of oil would start rising, driven by a fall in production of oil and gas. Speaking at an event in Aberdeen yesterday, Paraskevas added: “There has also been a marked pick up in demand,” he said. “Chinese imports of crude are up and seems relatively stable.”

Health & Safety

Workers killed in explosion at Louisiana gas plant

09/10/2015

Three people have died while two others have been seriously injured after an explosion at a natural gas plant in Louisiana. The fatally injured were contractors working at the Williams Partners facility in the town of Gibson which is around 60 miles from New Orleans. The two seriously injured are being treated at nearby hospitals following the explosion.

Other News

Divided Libya announces national unity leadership

09/10/2015

Libya is forming a national unity government after months of difficult talks between the country’s two rival administrations. The north African country’s United Nations envoy Bernardino Leon said candidates for the new government had been decided. The announcement, made in Morocco, is a step towards stitching together the oil-rich but chaotic country that fell apart after the overthrow of former dictator Muammar Gaddafi in 2011. The country has been split between an Islamist-backed government based in Tripoli and an internationally-recognised administration in the east.

Other News

VW’s US chief exec apologises for emissions rigging scandal

08/10/2015

Volkswagen’s top US executive has apologised as the emissions-rigging scandal engulfing the world’s largest carmaker deepened and members of Congress said the company violated the public’s trust. “On behalf of our company, my colleagues in Germany and myself, I would like to offer a sincere apology for Volkswagen’s use of a software program that served to defeat the regular emissions testing regime,” Volkswagen of America chief executive Michael Horn told a House subcommittee. Calling the company’s admission “deeply troubling”, Mr Horn said: “We have broken the trust of our customers, dealerships and employees, as well as the public and regulators.”

Other News

Former Sinopec chairman under investigation

08/10/2015

The governor of Fujian province in has been placed under investigation by Chinese authorities on suspicion of “serious disciplinary violations”. The move has been made by China’s anti-graft watchdog against Su Shulin who has been governor since 2011 and was formerly chairman of Sinopec.

People

AWE Limited chief exec to step down next year

08/10/2015

AWE Limited’s chief executive will step down next year after more than five years in the top job with the company. The firm said a new search has already begun to find Bruce Clement’s successor to the role. Chairman of the firm Bruce Phillips paid tribute to Clement for his leadership in “reshaping” the company into a more “diversified oil and gas producer”.

Other News

IMES Marine Safety Systems invest £250,000 in upgrading quayside facility

08/10/2015

IMES Marine Safety Systems (IMES MMS) has invested £250,000 in upgrading its quayside facility at Montrose Port. The company, has been leasing the site from the Montrose Port Authority (MPA), has opened a new workshop and warehousing facility in a bid to increase its customer coverage. The 20,000 square foot quayside facility will allow IMES MMS to provide support vessels for lifesaving equipment inspections combined with lifting inspection and testing, marine inspectionsm and winch spooling operations.

Other News

Norway looks at riskier assets as wealth fund withdrawals loom

08/10/2015

As Norway prepares to make the first withdrawals from its $820 billion wealth fund, the government is considering letting it take on riskier investments. The Finance Ministry is looking into whether to boost the fund’s stock allocation to beyond 60 percent as the investor struggles with record low bond yields. The government is forming a panel to assess the impact of changing the limit that will report back in 2017.

Other News

Cyber security attacks costing more than £1.7million, with oil and gas firms at risk

08/10/2015

Almost 10% of companies in the UK are unaware they have been victim to cyber security attacks with incidents now costing an average of £1.7million, according to a new report. The annual survey, which involved more than 10,000 executive from more than 127 countries, showed an escalation in the frequency, severity and impact of cyber-attacks. Insiders - either current or former employers - top the list as a major source of incidents. But it was also found firms are becoming more adept at prevention and detection methods with innovation also on the rise.