The Lastest News

Oil

Seadrill: Sell The Insane Rally - Seadrill Limited (NYSE:SDRL)

Seadrill (NYSE:SDRL) is at $0.70. I never thought I'd see it with the pre-restructuring equity, but it's the reality. The market is making just one more push before new, post-restructuring equity emerges - and at a substantially lower valuation.Here's a quick synopsis of what is going on for those new to the stock (I'm…

Whats Next for Platform Holly?

California State Lands Commission staffers presented updates Monday on the soon-to-be-decommissioned Ellwood oil fields off Goletas coast. Venoco filed for bankruptcy just over a year ago, and the commission is chipping away at closing facilities the oil company once operatedthe Ellwood Onshore Facility petroleum processing plant…

China, Iran, Panama sign probe report on sunken oil tanker Sanchi

China, Iran and Panama have signed an investigation report on the sinking of the Iranian oil tanker Sanchi, according to the Ministry of Transport.On Jan. 6, the Panama-registered oil tanker Sanchi, carrying 136,000 tonnes of light crude oil from Iran, collided with the CF Crystal, a Hong Kong-registered bulk freighter…

Boeing Jumbo 747s Get Extended Life as Airfreight Haulers

A funny thing happened to an older generation of Boeing Co. 747 jumbo jets on their way to dusty oblivion in desert parking lots.Instead of being scrapped, the humpbacked planes are back in demand as workhorses of global shipping. Booming trade is stoking the need for big, long-range jets to haul time-sensitive goods, from Apple Inc.

The Motorship | CROE to supply emissions-reducing scrubbers for Songa Shipmanagements vessels

CR Ocean Engineering (CROE) will supply sulphur-emissions reducing exhaust gas cleaning systems for Songa Shipmanagements oil/chemical tankers and heavy-lift vessels.The scrubbing systems will enter commercial operations in late summer. The contract also includes an option to add scrubbers to additional vessels.Songa Shipmanagement’s…

Gas

Interview: IMO head says 'no possibility of delay' to sulfur limit rule for marine fuels - Shipping

International shipping is coming under increased scrutiny due to its role in global environmental emissions. S&P Global Platts had an exclusive opportunity to interview Kitack Lim, Secretary-General of the International Maritime Organization, recently to address some of these concerns.Why has it taken so long for shipping to implement emissions regulation compared with other industries?First…

Seismic testing threatens New York waters

Have you ever wondered what the loudest sounds in the ocean are? You might guess a whales song or a motor boat. Few people would guess a seismic airgun, or even know what one is, but the device is about to wreak havoc on the ocean off the coast of New York state as a result of the Trump administrations 2017 decision to…

Florida's bipartisan congressional delegation on Thursday offered a strong "no thanks" to the prospe

Florida's congressional delegation, citing the state's vibrant tourism industry, delivered a unanimous, bipartisan and stern message of opposition to offshore energy exploration during a hearing on Capitol Hill on Thursday.Congressional Republicans and Democrats took turns blasting the idea of putting fossil-fuel development…

United Oil & Gas announced the completion of a 3D seismic survey for Tullow Oil, offshore Jamaica

5/15/2018United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce the completion of a 2,250 km2 3D seismic acquisition survey over the Walton-Morant licence, offshore Jamaica, which includes the high-graded Colibri target. United holds a 20% equity interest in the 32…

Nord Stream 2 company says starting preparatory work off German coast

FRANKFURT, May 15 (Reuters) - A consortium of western companies and Russia’s Gazprom that is due to build the controversial subsea Nord Stream 2 gas pipeline to Germany said on Tuesday it was starting preparatory work in the Greifswald bay off Germany’s Baltic coast. “Five dredgers are now working on the trench for the two pipeline strings…

Renewable

Seven Democrats on path to Blaine House

The seven Democratic contenders for governor agree on many of the broad issues facing the state, such as the need to expand Medicaid and put more money into K-12 education.But the candidates differ on the details of how to accomplish those goals and who among them has the best work experience, life skills and political…

Xodus celebrates strong twelve months with £5million in field development contracts

International energy consultancy Xodus Group has revealed it has won £5million worth of field development work over the past twelve months.The company has recently been awarded two projects by Apache for its Storr and Seagull developments.For Storr, Xodus will initially complete a conceptual assessment to streamline the…

Offshore drilling should get a 'No' from Florida's would-be governors | Letters

I commend the Sun Sentinel Editorial Board for bringing to light that opposition to offshore drilling is a bipartisan issue. From the bipartisan support of banning fracking to Gov. Rick Scott's and Sen. Marco Rubio's "flip flop" on offshore drilling, clearly no Floridian, especially an elected official, can sit idly by…

Gulf Marine Services PLC (GMS) Rise 3.48% on May 19

May 19, 2018 - By Linda RogersShares of Gulf Marine Services PLC (LON:GMS) last traded at 47.6, representing a move of 3.48%, or 1.6 per share, on volume of 1.13M shares. After opening the trading day at 45, shares of Gulf Marine Services PLC traded in a close range. Gulf Marine Services PLC currently has a total float…

Interactive map shows where maritime industries, offshore wind energy could overlap

A new interactive map showing potential offshore wind energy areas in the New York Bight is now online to help mariners assess the potential impacts on their livelihoods, as federal officials gather information and comments this month.The Mid-Atlantic Regional Ocean Council (MARCO), an ocean planning partnership of state governments, posted the mapping tool Thursday.