President Barack Obama announces he is nominating Sally Jewell as the next Interior secretary. (AP Photo/Pablo Martinez Monsivais)

Senator meets with Interior nominee Jewell

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The two spoke about offshore drilling in Alaska’s Arctic waters.
Categories: Oil field services

Private team plans ‘fly by’ mission to Mars

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Tycoon Dennis Tito’s aims to send a married couple on a 17-month mission to the Red Planet on January 5 2018 in a project estimated to cost $1bn
Categories: Uncategorized

Stocks advance after Bernanke balm

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Equities advance after Federal Reserve chairman affirms commitment to monetary stimulus, but jitters remain over political gridlock in Italy
Categories: Uncategorized

Apple shareholders in protest vote on pay

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Chief sympathised with shareholders who found stock-price performance a ‘disappointment’, after it fell by a third since September
Categories: Uncategorized

Groupon shares tumble as losses rise

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Discount coupon company reported a wider net loss in the fourth quarter than consensus estimates, as sales outside the US dropped considerably
Categories: Uncategorized

JC Penney loses one-third of its sales

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Little evidence that Ron Johnson, chief executive who created Apple’s successful stores, is gaining traction with strategy that is now one year old
Categories: Uncategorized

Emerson to upgrade automation on Statoil North Sea platform

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Statoil has awarded Emerson Process Management a $33-million contract to upgrade safety and automation systems on the Visund oil platform in the Norwegian North Sea.
Categories: Offshore
(Johnny Hanson /Houston Chronicle file photo)

Centerpoint shares increase on MLP formation plan

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Centerpoint Energy Inc., a Houston-based energy distributor, rose the most in more than a year after it said it’s still considering forming a master-limited partnership.
Categories: Electricity

TDW completes two subsea pipeline pressure operations offshore Australia

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TDW Offshore Services has completed two pipeline interventions using its SmartPlug pressure isolation technology offshore Australia.
Categories: Offshore

Shell pauses exploration drilling in offshore Alaska Arctic

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Royal Dutch Shell (NYSE:RDS.A) will pause its exploratory drilling offshore Alaska in the Beaufort and Chukchi seas for 2013 to prepare equipment and plans to resume at a later date.
Categories: Offshore