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oil price slump


Tuesday, August 30, 2016
Norway’s DNB: Oil Industry Suppliers Face Years of Restructuring
Offshore

Norway’s DNB: Oil Industry Suppliers Face Years of Restructuring

By Stine Jacobsen STAVANGER, Norway, Aug 30 (Reuters) – Restructuring the debt of struggling offshore oil service vessel (OSV) and drilling rig companies

August 30, 2016
Total Views: 39

Monday, August 29, 2016
north sea oil rig with offshore workboat alongside
Maritime News

Big Oil Seems to Be Falling Out of Love With Big Projects

By Liam Denning (Bloomberg Gadfly) — Big Oil just doesn’t seem to be as enamored with the ‘big’ thing as it once was. Another major

August 29, 2016
Total Views: 51

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: 47

Wednesday, January 27, 2016
containership at sea
Maritime News

Cheaper Bunkers Could Both Hinder and Help Container Lines, Says BIMCO

By Mike Wackett (The Loadstar) – Lower bunker costs are “very welcome in an industry struggling to make a profit”, says shipping industry association

January 27, 2016
Total Views: 7

Friday, January 15, 2016
Daewoo Shipbuilding & Marine Engineering Co.
Maritime News

Seadrill Delays Two Drillships at DSME

Seadrill Ltd. has emerged as the client who agreed to postpone delivery of two ultra-deepwater drillships under construction at the South

January 15, 2016
Total Views: 21

Monday, December 14, 2015
Shell to Cut 2,800 Jobs After BG Deal
Maritime News

Shell to Cut 2,800 Jobs After BG Deal

By Rakteem Katakey (Bloomberg) — Royal Dutch Shell Plc said it would cut about 2,800 jobs to meet a pledge of reducing operating costs by $3.5 billion

December 14, 2015
Total Views: 3

Tuesday, December 8, 2015
Offshore Supply Vessel Owners Face Bankruptcy with Drop in Drilling Rigs
Maritime News

Offshore Supply Vessel Owners Face Bankruptcy with Drop in Drilling Rigs

By David Wethe (Bloomberg) — The relatively unheralded corner of the oil sector that sends supply boats out to offshore oil rigs may see bankruptcies as

December 8, 2015
Total Views: 41

Thursday, October 29, 2015
Shell Posts Biggest Loss in More Than a Decade
Maritime News

Shell Posts Biggest Loss in More Than a Decade

  By Rakteem Katakey and Javier Blas (Bloomberg) — Royal Dutch Shell Plc reported its biggest net loss in at least 16 years after Europe’s largest

October 29, 2015
Total Views: 10
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