Uncategorized


Sunday, August 21, 2016
Ghana Opens The Valves On A $1 billion FPSO
Offshore

Ghana Opens The Valves On A $1 billion FPSO

  By Kwasi Kpodo (Reuters) Ghana began pumping crude from a second offshore field operated by British company Tullow Oil on Thursday,

August 21, 2016
Total Views: 186

Saturday, August 20, 2016
Singapore & Malaysia Are Drowning In Oil Debt
Offshore

Singapore & Malaysia Are Drowning In Oil Debt

by David Yong & Denise Wee (Bloomberg) Singaporean companies struggling to meet debt obligations as oil prices slump may get more support from the

August 20, 2016
Total Views: 66

Friday, August 19, 2016
Glut of Floating Crude Clears
Offshore

Glut of Floating Crude Clears

The glut of crude oil stored in ships on the North Sea is finally starting to dissipate. Demand for the commodity has increased as traders take advantage of

August 19, 2016
Total Views: 88

Thursday, August 18, 2016
Deepwater Mexico: Exxon, Chevron & Hess Bid To Drill Oil
Offshore

Deepwater Mexico: Exxon, Chevron & Hess Bid To Drill Oil

by Adam Williams (Bloomberg) Exxon Mobil Corp., Chevron Corp. and Hess Corp. have agreed to bid together for rights to drill for crude in

August 18, 2016
Total Views: 59

Sunday, August 14, 2016
The World’s Energy Engine Is Slowing
Offshore

The World’s Energy Engine Is Slowing

(Bloomberg) China’s imports of crude oil, coal and natural gas slowed in July, offering no solace for producers hoping demand from the world’s largest

August 14, 2016
Total Views: 90

Saturday, August 13, 2016
Majuro and Arno Atolls of the Marshall Islands
Offshore

Why Is The Marshall Islands Now A Top U.S. Crude Export Destination?

By Henning Gloystein (Reuters) Long a shipping registry but best known for diving, lagoons and the island that gave the world the name for the bikini swimsuit,

August 13, 2016
Total Views: 91

Friday, August 12, 2016
Offshore

Japan Dives Deep Offshore In Search For Ocean Metal

by Masumi Suga Ichiro Suzuki (Bloomberg) As deep as 1,600 meters (5,250 feet) under water and 1,500 kilometers (930 miles) from Tokyo, work has begun on the

August 12, 2016
Total Views: 104

Sunday, August 7, 2016
Offshore

ROV Industry Dives With Deep Offshore Spending Cuts

by Matthew Braga (Bloomberg) Until recently, oil and gas kept robots moving in more ways than one. Fossil fuel companies looking to speed up exploration,

August 7, 2016
Total Views: 70

Friday, July 29, 2016
Deepwater Champion Drillship
Offshore

Deepwater Drillers “Will Not Recover Anytime Soon” Despite Supplier Uptick, Says Analysts

BY GWLADYS FOUCHE AND STEPHEN JEWKES (Reuters) European suppliers to the oil industry, hit by their customers’ spending cutbacks over the past two years,

July 29, 2016
Total Views: 49

Friday, July 22, 2016
keppel shipyard
Offshore

Keppel Sees Prolonged Dearth of Oil-Rig Orders Amid Glut

(Bloomberg) — Keppel Corp., the world’s largest builder of oil rigs, sees little prospect of an improvement in global demand amid a supply surplus

July 22, 2016
Total Views: 78

Monday, July 18, 2016
The Ocean GreatWhite semi-submersible drilling rig
Offshore

Hyundai Heavy Delivers World’s Largest Semi-Submersible Drilling Rig

South Korean shipbuilder Hyundai Heavy Industries says it has delivered the world’s largest semi-submersible drilling rig to Diamond Offshore. The rig,

July 18, 2016
Total Views: 278

Saturday, July 9, 2016
asia excellence gorgon project
Offshore

LNG Prices To Rise Due To Global Outages

(Reuters) Asian prices for liquefied natural gas (LNG) were set to rise next week on strong prompt demand from Argentina and India as well as potentially

July 9, 2016
Total Views: 45

Tuesday, May 24, 2016
Offshore Drilling Foes Invoke 1953 Law to Prod Obama on U.S. Ban
Offshore

Offshore Drilling Foes Invoke 1953 Law to Prod Obama on U.S. Ban

by Jennifer A. Dlouhy (Bloomberg) — Environmental activists who dangled from bridges and paddled kayaks around an Arctic rig have a new strategy for

May 24, 2016
Total Views: 36

Monday, May 23, 2016
Video: The Craziest Boat Launch You Will Ever See
News

Video: The Craziest Boat Launch You Will Ever See

Uhhh, was that supposed to happen like that? Seriously, was that planned? Kind of seems like that it was. I don’t know under what circumstance anyone

May 23, 2016
Total Views: 97

Tuesday, May 10, 2016
polar pioneer
Offshore

Big Oil Abandons $2.5 Billion in U.S. Arctic Drilling Rights

By Jennifer A. Dlouhy (Bloomberg) — After plunking down more than $2.5 billion for drilling rights in U.S. Arctic waters, Royal Dutch Shell,

May 10, 2016
Total Views: 92

Monday, May 9, 2016
DONG Energy Declares Option for Second Wind Farm Service Vessel
Offshore

DONG Energy Declares Option for Second Wind Farm Service Vessel

DONG Energy has declared option for a second wind turbine Service Operation Vessel with Norwegian-based shipping company Østensjø Rederi requiring the

May 9, 2016
Total Views: 121

Friday, May 6, 2016
Billionaire’s Bargain Reveals Risks for Offshore Oil Creditors
Offshore

Billionaire’s Bargain Reveals Risks for Offshore Oil Creditors

By Luca Casiraghi and Mikael Holter (Bloomberg) — A bargain for shipping tycoon George Economou is bad news for creditors holding $24 billion of

May 6, 2016
Total Views: 107

Wednesday, May 4, 2016
maersk oil sale
Offshore

Oil Price Risk Forces Maersk to Plan Deeper Cost Cuts

By Christian Wienberg (Bloomberg) — A.P. Moeller-Maersk A/S is adapting its cost base to prepare for the risk of lower crude prices as the world keeps

May 4, 2016
Total Views: 73

Thursday, April 28, 2016
Samsung Heavy Industries Shipbuilding (Geoje, South Korea)
Offshore

Samsung Heavy Industries Loses $4.6 Billion Shell Order

By Kyunghee Park (Bloomberg) — Samsung Heavy Industries Co., the world’s third-largest shipbuilder, said an order to build three floating liquefied

April 28, 2016
Total Views: 142

Monday, April 25, 2016
Existing Offshore Platforms Strong Enough for Arctic Operations, BSEE Study Finds
Offshore

Existing Offshore Platforms Strong Enough for Arctic Operations, BSEE Study Finds

The U.S Bureau of Safety and Environmental Enforcement (BSEE) has determined the designs exisint offshore platforms are strong enough to survive extreme

April 25, 2016
Total Views: 108