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Friday, June 2, 2017
GE Floating $1.7 Billion Platform in Germany Shows Power of Wind
News

GE Floating $1.7 Billion Platform in Germany Shows Power of Wind

By Brian Parkin (Bloomberg) — General Electric Co. said it’s ready to ship a 1.5 billion euro ($1.7 billion) offshore wind platform destined for the

June 2, 2017
Total Views: 126

Thursday, June 1, 2017
delfin flng
Offshore

U.S. Approves Exports from First Floating LNG Terminal in Gulf of Mexico

By Naureen S. Malik (Bloomberg) — The first floating terminal proposed to export natural gas out of the Gulf of Mexico has been cleared by U.S.

June 1, 2017
Total Views: 117

News

Japan’s Most-Shorted Stock Facing Rough Seas as Largest Shareholder Looms

By Chris Cooper and Kiyotaka Matsuda (Bloomberg) — The most-shorted stock on Japan’s Nikkei 225 Stock Average, a shipping line, is facing rough seas

June 1, 2017
Total Views: 46

Wednesday, May 31, 2017
arctic ice
News

Climate `Danger Zone’ Seen If Trump Pulls Out of Paris Deal

  By Jessica Shankleman (Bloomberg) — Donald Trump wasn’t exaggerating when he said during his election campaign that the U.S. could

May 31, 2017
Total Views: 69

Trouble Brews for OPEC as Expensive Deepwater Oil Turns Cheap
News

Trouble Brews for OPEC as Expensive Deepwater Oil Turns Cheap

By Serene Cheong, Sharon Cho and Dan Murtaugh (Bloomberg) — Reports of deep-sea drilling’s demise in a world of sub-$100 oil may have been

May 31, 2017
Total Views: 49

njord a offshore platform
Shipping News

Worst Offshore Slump Holds Key Lessons for Top Norway Banker

By Mikael Holter (Bloomberg) — Norway’s biggest bank is done comparing: The downturn in the country’s offshore services market has no precedent.

May 31, 2017
Total Views: 98

News

Greece Seeks to Lure U.K.-Based Shipowners, Brokers on Brexit

By Paul Tugwell and Sotiris Nikas (Bloomberg) — The Greek government wants to persuade shipowners and shipping-insurance companies based in London to

May 31, 2017
Total Views: 21

Kinder Morgan’s Canada Woes Deepen With Pipeline Foes on Brink of Power
News

Kinder Morgan’s Canada Woes Deepen With Pipeline Foes on Brink of Power

By Natalie Obiko Pearson (Bloomberg) — Kinder Morgan Inc.’s setbacks in Canada just got more complicated. British Columbia’s New Democratic and Green

May 31, 2017
Total Views: 43

Tuesday, May 30, 2017
Shipping News

MV STELLAR DAISY Loss Casts Shadow Over Fleet of Vale Iron-Ore Carriers

By R.T. Watson (Bloomberg) — A second vessel contracted to haul iron ore for Brazilian miner Vale SA was delayed for repairs following the loss of a

May 30, 2017
Total Views: 260

offshore oil rig Statoil
News

Norway Bolsters Oil-Industry Defenses Against Foreign Takeovers

By Mikael Holter (Bloomberg) — Norway is seeking greater leeway to restrict foreign ownership of its offshore fields, a move seen to be potentially

May 30, 2017
Total Views: 65

Friday, May 26, 2017
Kinder Morgan Commits to Trans Mountain Pipeline Expansion Linking Canadian Crude to Asian Markets
News

Kinder Morgan Commits to Trans Mountain Pipeline Expansion Linking Canadian Crude to Asian Markets

By Natalie Obiko Pearson (Bloomberg) — Kinder Morgan Inc. has committed to expanding a pipeline that will allow Canadian crude to be exported to Asia, a

May 26, 2017
Total Views: 53

Could Energy-Generating Kites Replace Offshore Wind Turbines?
Shipping News

Could Energy-Generating Kites Replace Offshore Wind Turbines?

By Anna Hirtenstein (Bloomberg) — Power-generating kites backed by Royal Dutch Shell Plc, Schlumberger Ltd. and EON SE will start tests in the U.K. this

May 26, 2017
Total Views: 126

Suddenly There’s Another Littoral Ship in Trump’s Budget Plans
News

Suddenly There’s Another Littoral Ship in Trump’s Budget Plans

By Tony Capaccio (Bloomberg) — The White House budget office and the Navy are rushing to find an extra $600 million to buy a second Littoral Combat Ship

May 26, 2017
Total Views: 96

Thursday, May 25, 2017
News

As the U.S. Sends More Oil to World, OPEC Sends Less to U.S.

By Serene Cheong (Bloomberg) — OPEC is finally making the move that could help complete a mission that it’s failed so far: shipping less oil to the

May 25, 2017
Total Views: 13

Atlantic Hurricane Season May Bring More Storms Than Normal
News

Atlantic Hurricane Season May Bring More Storms Than Normal

By Brian K. Sullivan (Bloomberg) — The Atlantic hurricane season will likely churn out an above-average 11 to 17 named storms, in part due to fading odds

May 25, 2017
Total Views: 112

Wednesday, May 24, 2017
seadrill falls
News

Seadrill Debt Talks Progress and New CEO Named

By Mikael Holter (Bloomberg) — Seadrill Ltd. jumped as much as 26 percent as the offshore driller controlled by John Fredriksen said it’s getting

May 24, 2017
Total Views: 63

Tuesday, May 23, 2017
News

International Joint Venture Spuds Mexico’s First Private Well in 80 Years

By Alex Nussbaum (Bloomberg) — For the first time in almost 80 years, a private company has sunk a new offshore oil well in Mexican waters — the

May 23, 2017
Total Views: 30

Trump’s $575 Billion Defense Budget Delays Promised Buildup
News

Trump’s $575 Billion Defense Budget Delays Promised Buildup

Trump’s campaign promise for a 350-ship Navy will have to wait at least a year. The 2018 budget proposal includes the purchasing of eight additional

May 23, 2017
Total Views: 63

auger tension leg platform
Interesting

Trump’s Budget Proposes Selling Off Half of U.S. Oil Stockpile, Kills Offshore Oil Revenue Sharing by Gulf States

By Catherine Traywick and Jennifer A. Dlouhy (Bloomberg) — The White House plan to trim the national debt includes selling off half of the nation’s

May 23, 2017
Total Views: 67

Monday, May 22, 2017
From Deep in Atlantic, Titanic Relics Sail Toward Auction
Shipping News

From Deep in Atlantic, Titanic Relics Sail Toward Auction

By Eliza Ronalds-Hannon (Bloomberg) — The Titanic may be under 2.5 miles of water, but wreckage from the doomed ship could fetch close to $220 million at

May 22, 2017
Total Views: 99