Tuesday, August 30, 2016

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 will take years to complete and complex...

August 30, 2016
Total Views: 17

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 project, Alaska LNG, has bitten...

August 29, 2016
Total Views: 25

Wednesday, May 4, 2016
maersk oil sale

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 producing more petroleum than...

May 4, 2016
Total Views: 24

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 BIMCO in its latest container market...

January 27, 2016
Total Views: 0

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 Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME).  The offshore drilling contractor confirmed via a...

January 15, 2016
Total Views: 3

Monday, December 14, 2015
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 following its takeover...

December 14, 2015
Total Views: 1

Tuesday, December 8, 2015
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 the worst crude market...

December 8, 2015
Total Views: 8

Thursday, October 29, 2015
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 energy group abandoned some...

October 29, 2015
Total Views: 3