Oil News

Zentech Awarded Contract  | Rigzone

OASES Offshore, Inc. of Covington, Louisiana announces the award of a contract for the design of an "OASES" (Offshore All-purpose Self-Elevating, Self-Propelled) vessel to Zentech, Inc. OASES Offshore plans to build a fleet of these multi-service vessels for Gulf of Mexico and International operations and will commence construction on four of these vessels by year-end.

Oil markets wary as another tropical storm heads for Gulf of Mexico

SINGAPORE (Reuters) - Oil markets were cautious on Friday as traders monitored a tropical storm heading for the Gulf of Mexico and as China remained closed for a week-long public holiday. But the prospect of extended oil production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and other producers led by Russia helped support prices. U.S.

Former Toby Keith's to become the new Boathouse

If it was summer, a younger Sean Pepe and his friends could end up at the Boathouse three times in one month.We talk about some of our fondest memories, driving to Norfolk to go to a Boathouse show, Pepe said.The warehouse-like Norfolk music venue was considered legendary, offering a stage for the likes of Merle Haggard…

BPs Expanding LNG Tanker Fleet to Support Freeport Exports, Global Portfolio | 2017-10-05

Finance partners KMarin and ICBC Leasing are investing more than $1 billion in the tankers, which would join existing tankers in BP Shipping’s fleet in 2018 and 2019, the London-based supermajor said. The vessels in part would  service a 20-year liquefaction contract with the Freeport LNG facility, as well as other international LNG projects in BP’s global portfolio.

Pollution lurks behind cruise ship luxury | News | Eco-Business

China’s eight-day holiday, which covers both National Day and the Mid-Autumn Festival, is big business for the tourism industry. As the holiday comes to a close, the China Tourism Academy estimate that as many as 710 million trips will have been made.Of course, most people will have travelled the conventional way using planes, trains, buses and cars.

New tool for oil and gas exploration beats all competition

IMAGE: An autonomous seismic station developed at MIPT is unmatched in terms of several key parameters. view more Credit: MIPT Press OfficeThe MIPT Center for Molecular Electronics (CME) has developed and tested a seismic station for hydrocarbon exploration. The new device has an unparalleled bandwidth, enabling it to reveal…

Lebanons fiscal conundrum | Executive Magazine

There are two arguments being made today. Both agree the state should maximize its share of benefit, though they do not agree on what is the maximum benefit achievable. Some aim for a bid round that is as competitive as more comparable bid roundswhile others demand a greater level of state participation. While it is commendable to stand up for Lebanons rights…

Is This the Next Russian Submarine Threat?

Michael PeckSecurity, NATO is considering whether to revive its Cold Warera Atlantic Command.Is This the Next Russian Submarine Threat?As for NATO, many alliance members slashed their fleets of maritime patrol aircraft after the 2008 financial crisis, and as the alliance focused on areas such as the Balkans and Afghanistan.

Judge rules suit over Charlottesville Lee statue can proceed

A Virginia judge ruled Wednesday that a lawsuit over Charlottesville's plans to remove a statue of Confederate Gen. Robert E. Lee should go forward. Charlottesville Circuit Court Judge Richard Moore ruled against a request from the city to drop the lawsuit, which centers on a state law that protects memorials for war veterans, local media reported.

The Motorship | New generation shuttle tanker for Canada

Canadian-registered 'Beothuk Spirit' is set to join Teekays shuttle tanker fleet (image by courtesy of Teekay Offshore). The first of Teekay Offshore Partners new series of Suezmax shuttle tankers is nearing completion in South Korea at Samsung Heavy Industries Geoje Island yard, reports David Tinsley.With a planned delivery date of 16 October 16…

Captain, Owner, Coast Guard to Blame for Sinking of El Faro

Thursday, October 5, 2017 7:14 AMA report released on Sunday, October 1, exactly two years after a U.S.-flagged cargo ship sank near the Bahamas, spreads the blame for the accident between the ship’s captain, its owner, its port operator, and the U.S. Coast Guard. The heaviest blame for the sinking of the El Faro and the…

Brinker Names Riddell Sales Engineer  | Rigzone

After seven years in the electronics sector, David Riddell has made the leap into the subsea oil and gas sector by joining Brinker Technology as a sales engineer. Best known for Platelets, a technology for leak location and sealing based on the human body's own healing mechanism, Brinker Technology is on course to become a multi-million pound international business.
global chemical tanker shipping market

Global Chemical Tanker Shipping Market 2017: Odfjell, Stolt-Nielsen

Global Chemical Tanker Shipping Market 2017 Research Report presents a professional and deep analysis on the present state of Chemical Tanker Shipping Market 2017 in Industry. High Use of Chemical Tanker Shipping in Industry Driving the Market Growth of Chemical Tanker Shipping. Chemical Tanker Shipping Market 2017 by Type (Inland Chemical Tankers – 500 to 4000 tonne DWT…

Collision-damaged USS McCain departs Singapore for repairs in Japan - News

YOKOSUKA NAVAL BASE, Japan The USS John S. McCain has left Singapore for its homeport in Japan, where it will undergo repairs from a summer collision that killed 10 sailors. The decision to do the work at Yokosuka was made after damage assessments revealed it would be faster and cheaper than sending the ship stateside, the Navy said in a statement.

Tropical depression that could grow into hurricane is forecast to hit U.S. Gulf Coast this weekend

A tropical depression that could grow into a hurricane is forecast to strike the U.S. Gulf Coast late Sunday, potentially shutting down offshore oil and natural gas rigs and dealing another blow to citrus growers.The system off the Nicaraguan coast is expected to strengthen into a tropical storm later Wednesday and reach…

Transocean Will Raise $750 Million - Transocean Ltd. (NYSE:RIG)

Transocean (RIG) has just announced that it commenced an offering of $750 million of senior unsecured notes due 2026. The company plans to use the proceeds to repay in full and retire 2.5% senior notes due Oct. 15, 2017, redeem all outstanding 6.00% senior notes due March 2018 and 7.375% senior notes due April 2018, repay in full the amounts outstanding on its Eksportfinans loans due January 2018…
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Offshore marine service companies partner on new gangway prototype

10/4/2017S-type gangway designABERDEEN -- Ampelmann, a company with offshore access solutions, has announced an exclusive partnership with Seaqualize, a Dutch marine motion technology company, to collaborate on the development of its latest S-type gangway.Ampelmann develops and manufactures motion compensated offshore access systems and its latest gangway solution…

Trump teams sees Russia riding to Venezuela rescue in debt crisis

Trump administration insiders are seeing signs that Russia may be planning to rescue Venezuela by helping Caracas cover $3.5 billion in debt payments over the next two months.Russia is already laying the groundwork, with Venezuelan President NicolásMaduro traveling to Moscow this week to meet with Vladimir Putin, whose…
Reuters

World Needs New Offshore Oil Investments to Avoid Shortages  | Rigzone

|Thursday, September 28, 2017TweetHOUSTON, Sept 28 (Reuters) - Higher investments in offshore oil production are critical to avoiding a supply squeeze by 2020, as expanding shale output will not match projected demand increases in the next few years, U.S. oil producer Hess Corp said on Thursday.The past four years of low oil prices have major producers pulling back on needed offshore investment…

$1.2 Bn Autonomous Underwater Vehicle Market 2017 - Global Forec

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