Oil News

Advanced Anti-Corrosion Coatings for North Sea

OGTC is conducting trials using EonCoat on Total and Nexen platformsIn a collaborative effort, designed to improve vital protection of offshore assets, the Oil & Gas Technology Center (OGTC) is successfully conducting trials of an advanced anti-corrosion coating on two North Sea offshore platforms.The mission of the OGTC…

Coast Guard searching for missing medical plane

The Coast Guard is searching for an aircraft carrying three people that disappeared about 20 miles west of Kake, Alaska on Tuesday. Coast Guard Sector Juneau watchstanders received a warning from the Sitka Flight Service Station that a twin-engine Guardian King Air 200 medical flight was due to land at the village of Kake…

J M Smucker Co (SJM) Expected to Announce Earnings of $2.03 Per Share

Analysts expect J M Smucker Co (NYSE:SJM) to post earnings per share of $2.03 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for J M Smucker’s earnings. The highest EPS estimate is $2.05 and the lowest is $2.00. J M Smucker reported earnings of $2.50 per share during the same quarter last year…

Green campaigners condemn disgraceful North Sea gas discovery hailed as biggest in a decade

Green campaigners have been left dismayed as a Chinese firm announced the discovery of the biggest gas field in the North Sea for more than a decade.Drilling revealed gas reserves equivalent to 250 million barrels of oil, which could go a long way to supplying the UKs demand.But with the nation facing strict targets to cut greenhouse gas emissions under the Paris climate agreement…

DHT Holdings Inc. (DHT) and Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Comparison side by side

DHT Holdings Inc. (NYSE:DHT) and Seanergy Maritime Holdings Corp. (NASDAQ:SHIP), both competing one another are Shipping companies. We will contrast their risk, analyst recommendations, institutional ownership, profitability, dividends, earnings and valuation. Earnings & ValuationGross RevenuePrice/Sales RatioNet IncomeEarnings…

DHT Holdings, Inc. (NYSE:DHT) to announce fourth quarter 2018 results on Wednesday February 6, 2019

HAMILTON, BERMUDA, January 29, 2019 - DHT Holdings, Inc. (NYSE:DHT) will release its fourth quarter 2018 results after market close on Wednesday February 6, 2019.The company will host a conference call and webcast which will include a slide presentation at 8:00 a.m. EST/14:00 CET on Thursday February 7, 2019 to discuss the results for the quarter.

Maritime ll contribute 10% to GDP, says Peterside

THE Federal Government, yesterday projected a 10 per cent growth in the maritime industry. This was contained in the 2019/2020 maritime forecast unveiled by the Nigerian Maritime Administration and Safety Agency (NIMASA) in Lagos.The forecast, the second in the series, tagged: Harnessing the maritime and shipping sector for sustainable growth…

Oil prices edge up on US sanctions against Venezuela

Workers clean oil leaks from pipes aboard an offshore oil platform in the Persian Gulf’s Salman Oil Field. (Bloomberg pic)SINGAPORE: Oil prices crept higher on Tuesday after the US government slapped sanctions on Venezuela’s state-owned oil firm PDVSA in a move aimed at severely curbing the Opec member’s crude exports to…

Teekay Offshore Partners (TOO) Lowered to Market Perform at Wells Fargo & Co

Teekay Offshore Partners (NYSE:TOO) was downgraded by analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, January 10th, Marketbeat.com reports.TOO has been the subject of a number of other research reports. ValuEngine cut Teekay Offshore…

How the catastrophe sparked a modern environmental movement

Jan. 28, 2019, marks 50 years since the pristine shores and Pacific waters of Santa Barbara, California, were blemished and blackened by an estimated 3 million gallons of crude oil that spewed out for months from a platform off the coast, forming an oil slick 35 miles long down the coastline across 800 square miles of ocean.The…

'I'm not concerned' about Pallone -- Monday, January 28, 2019 -- www.eenews.net

Dan Simmons, the new head of the Department of Energy's renewables and efficiency office, says he doesn't have an opinion on the "Green New Deal." He's not worried about investigations by incoming House Energy and Commerce Committee Chairman Frank Pallone (D-N.J.). And "affordability" is his No. 1 priority.Dan Simmons.

Three Endangered Right Whale Calves Seen off Florida Beaches

This is the third North Atlantic right whale calf spotted this birthing season. It was seen with its mother, #1204, on January 17, 2019, off of Amelia Island in northeast Florida. (Florida Fish and Wildlife Conservation Commission, taken under NOAA permit 20556-01)The North Atlantic right whales give birth off Florida and…

CNOOC plans new wind farm

China National Offshore Oil Corp, a leading domestic oil and gas producer, will expand its presence in the offshore wind sector this year to develop its clean energy portfolio, following its involvement in a related project in East China's Jiangsu province in January.The offshore wind sector aligns with the company's overall business…

Euronav NV (EURN)'s Financial Results Comparing With Euroseas Ltd. (NASDAQ:ESEA)

Euronav NV (NYSE:EURN) and Euroseas Ltd. (NASDAQ:ESEA), both competing one another are Shipping companies. We will compare their risk, analyst recommendations, profitability, dividends, earnings and valuation, institutional ownership. Earnings and ValuationGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings…

Reviewing Navios Maritime Acquisition Corporation (NNA)'s and Scorpio Bulkers Inc. 7.5 SR NT 19 (NYS

We are comparing Navios Maritime Acquisition Corporation (NYSE:NNA) and Scorpio Bulkers Inc. 7.5 SR NT 19 (NYSE:SLTB) on their profitability, analyst recommendations, risk, institutional ownership, dividends, earnings and valuation. They both are Shipping companies, competing one another. Earnings and ValuationGross RevenuePrice/Sales…

Saudi Ports Authority takes steps to boost export volume

While others suffered, the Trump admin kept pushing oil and gas drilling during the shudown

The Interior Department, which oversees oil and gas development on federal lands and waters, has taken pains to ensure that the permits and other initiatives are immune from the shutdown — even as it closes parks, halts work on endangered species initiatives and cancels meetings on a proposed renewable energy project off the Massachusetts coast.For instance…

U.S. judge blocks Atlantic seismic oil permitting during shutdown, Auto News, ET Auto

New Delhi: A federal court judge on Friday ruled that the federal government cannot process seismic testing permits for offshore oil drilling during the ongoing government shutdown, dealing a blow Trump administration's energy agenda.Judge Richard Gergel of the U.S. District Court in South Carolina issued the decision in…

Ardmore Shipping (ASC) Lowered by Zacks Investment Research to Hold – BharataPress

Ardmore Shipping (NYSE:ASC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. According to Zacks, “Ardmore Shipping Corporation engages in the ownership and operation of product and chemical tankers. It provides shipping services to customers through voyage charters…

Aker wins contracts to build two more ships

Aker Philadelphia Shipyard has won contracts to build two 850-foot-long container ships for Matson Navigation Co. of Honolulu that will carry cargo between the West Coast and Hawaii.With other ship orders in the pipeline, the 1,100 employees at the South Philadelphia yard will have enough work to keep busy for several years."The…