Tuesday, September 15, 2020
Maritime News

Energy Transitions, Job Losses and Political Reactions -Opinion

By John Kemp LONDON, Sept 15 (Reuters) – Like other technology shifts, energy transitions provoke strong responses because they involve changes in lives and livelihoods, that go far beyond narrow...

September 15, 2020
Total Views: 7

Tuesday, September 8, 2020
Maritime News

Trump Likely to Back Extended Offshore Drilling Ban Off Florida’s Gulf Coast

By Jennifer A. Dlouhy and Jennifer Jacobs (Bloomberg) –President Donald Trump is set to endorse an extended ban on offshore oil development on Florida’s western coast as he courts voters worried...

September 8, 2020
Total Views: 19

Tuesday, September 1, 2020
Maritime News

Nearly a Third of U.S. Gulf Oil Production Remains Shut-In After Laura

Nearly a third of the U.S. Gulf of Mexico’s oil production and a quarter of natural gas production remains shut-in after Laura blew through the energy-producing region as a category...

September 1, 2020
Total Views: 19

Tuesday, August 25, 2020
Maritime News

Hurricane Laura Poses Biggest Threat to U.S. Energy Since Katrina

By Erwin Seba HOUSTON, Aug 25 (Reuters) – The U.S. energy industry on Tuesday was preparing for a major hurricane strike, cutting crude production at a rate approaching the level...

August 25, 2020
Total Views: 33

Maritime News

Germany Says Turkey and Greece Are Ready to Talk in East Med Dispute

By Lefteris Papadimas and Tuvan Gumrukcu ATHENS/ANKARA, Aug 25 (Reuters) – Germany’s top diplomat said after whirlwind meetings in Turkey and Greece on Tuesday the two were ready for dialog...

August 25, 2020
Total Views: 12

Wednesday, August 19, 2020
Deepwater Champion Transocean seatrial drillship

Offshore Crisis: Recent Failures Have Created A Massive $30 Billion Financial Risk

By David Wethe and Allison McNeely (Bloomberg) Offshore oil servicers are going bust at the fastest pace in three years as explorers spurn high-cost drilling to deal with a worldwide...

August 19, 2020
Total Views: 102

Wednesday, August 12, 2020

Hermitage Offshore Files for Chapter 11 Bankruptcy

Offshore support vessel company Hermitage Offshore Services (NYSE:PSV) has announced that it and 28 of its vessel-owning subsidiaries have filed for Chapter 11 bankruptcy. The voluntary petitions for reorganization were...

August 12, 2020
Total Views: 52

Wednesday, August 5, 2020
Maritime News

Transocean Hires Financial Advisor to Evaluate ‘Strategic Alternatives’

By David Wethe (Bloomberg) –Transocean Ltd. has tapped Lazard Freres & Co. LLC to be its financial adviser as the world’s biggest owner of deepwater oil rigs confronts history’s worst...

August 5, 2020
Total Views: 43

Monday, August 3, 2020
mariner oil field uk north sea

U.K. Oil Workers Marooned at Sea May Be Safety Risk, Unions Say

By Ryan Hesketh (Bloomberg) –North Sea oil workers are staying offshore for as long as three weeks at a time, potentially increasing the risks of an already dangerous operating environment,...

August 3, 2020
Total Views: 30

Friday, July 31, 2020
Maritime News

Offshore Driller Noble Corp. Files for Bankruptcy

By David Wethe (Bloomberg) –Noble Corp., the offshore drilling contractor, filed for bankruptcy after the crash in crude prices made undersea oil wells too expensive to compete. The Chapter 11...

July 31, 2020
Total Views: 27

Chevron Big Foot

Chevron Reports Massive Q2 Loss on Writedowns

By Jennifer Hiller HOUSTON, July 31 (Reuters) – Chevron Corp on Friday reported an $8.3 billion loss in the second quarter on asset writedowns from plummeting fuel prices, a forced...

July 31, 2020
Total Views: 27

Thursday, July 30, 2020
keppel shipyard
Maritime News

Keppel Posts Huge First Half Loss on Rig Building Impairments

SINGAPORE, July 30 (Reuters) – Singaporean conglomerate Keppel Corp reported a loss in the first half of 2020 due to impairments in its offshore and marine business that has been...

July 30, 2020
Total Views: 8

Thursday, July 23, 2020
offshore drillship

Shell Drills Dry Hole Offshore Brazil, Dimming Hope for Brazilian Oil

By Peter Millard (Bloomberg) –Royal Dutch Shell Plc has just drilled a dry hole in Brazil’s premier offshore region, a sign state-controlled Petrobras may have already grabbed the best oil...

July 23, 2020
Total Views: 115

Wednesday, July 22, 2020
offshore rig

U.K. Oil Industry at Odds With Government on Mass Covid Testing

By Ryan Hesketh (Bloomberg) –The U.K. oil and gas industry says blanket testing of its workers is essential to avoid Covid-19 outbreaks offshore, but the authorities have so far refused...

July 22, 2020
Total Views: 3

Friday, July 17, 2020
offshore wind farm
Maritime News

Norwegian Billionaire Reshapes Oil Empire for Renewable-Energy Future

By Mikael Holter and Lars Erik Taraldsen (Bloomberg) –Billionaire Kjell Inge Rokke is transforming the structure of his business empire as he seeks to revive struggling oil-service firms and seize...

July 17, 2020
Total Views: 79

Monday, July 13, 2020

Brazil’s Offshore Oil Workers Face Coronavirus Outbreaks

By Gram Slattery RIO DE JANEIRO, July 13 (Reuters) – On Friday, May 1, two workers on the PXA-1 offshore platform owned by Brazil’s state-run oil company Petrobras checked into...

July 13, 2020
Total Views: 16

Thursday, July 9, 2020
offshore drilling rig
Maritime News

Wave of North American Oil and Gas Bankruptcies to Continue at $40 Oil

By Liz Hampton July 9 (Reuters) – A wave of oil and gas bankruptcies in North America is likely to continue this year as oil prices remain depressed and a...

July 9, 2020
Total Views: 17

Friday, July 3, 2020
Maritime News

Total Sends Oil Rig to South Africa for Rare Frontier Drilling

By Paul Burkhardt (Bloomberg) –Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare example of exploration in a...

July 3, 2020
Total Views: 121

Friday, June 26, 2020
Maritime News

Satellites Reveal Major New Gas Industry Methane Leaks

By Shadia Nasralla LONDON, June 26 (Reuters) – Last fall, European Space Agency satellites detected huge plumes of the invisible planet-warming gas methane leaking from the Yamal pipeline that carries...

June 26, 2020
Total Views: 67

Wednesday, June 24, 2020
offshore drillship

Offshore Drillers Face New Round of Bankruptcies

By Liz Hampton and Nerijus Adomaitis DENVER/OSLO, June 24 (Reuters) – The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four...

June 24, 2020
Total Views: 70