Business news - 06 January 2016

Statoil has long been looking for a way to make tank cleaning on supply vessels safer and more effective.

Frightened residents say there was “nothing normal” about the flaring of natural gas from the Corrib field on 31 December.

Oceaneering International will be participating in a panel at the Goldman Sachs Global Energy Conference in Miami.

API highlights the energy issues that will shape America’s economic and political news this year.

The world’s first “out of the box”, self-learning motion compensation system – X-Wave – promises to speed up install and commissioning.

Michels Corporation receives sustainability recognition in Wisconsin.

Minnesota based Lake Superior Consulting, LLC, has been purchased by Shawcor Ltd. for an undisclosed sum and potential earn out in 2016.

Natural gas spot prices in 2015 at the Henry Hub in Louisiana averaged US$2.61/million Btu, the lowest annual average level since 1999.