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oil slump


Friday, February 23, 2018
offshore supply vessel
News

Haunted by Oil Slump, Singapore’s Otto Marine Buckles Under Debt

By Andrea Tan and David Yong (Bloomberg) — A Singapore shipping company rescued by its chairman just over a year ago faces collapse unless the courts

February 23, 2018
Total Views: 113

Wednesday, May 31, 2017
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: 56

Tuesday, May 31, 2016
Mothballed Ships in Southeast Asia Show Pain Inflicted by Oil Slump
News

Mothballed Ships in Southeast Asia Show Pain Inflicted by Oil Slump

By Aradhana Aravindan and Keith Wallis SINGAPORE, May 31 (Reuters) – Not everyone in shipping is bemoaning the industry’s worst crisis in living

May 31, 2016
Total Views: 74

Monday, May 9, 2016
maersk oil sale
News

Maersk Oil to Cut 40 Staff Amid Slumping Oil Price

COPENHAGEN, May 9 (Reuters) – Denmark’s Maersk Oil will cut 40 jobs in Copenhagen, Aberdeen and Stavanger due to the low oil price, it said on

May 9, 2016
Total Views: 7

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: 86

Wednesday, April 27, 2016
Norwegian Rainmaker Predicts Oil Crash is Near Bottom
News

Norwegian Rainmaker Predicts Oil Crash is Near Bottom

By Jonas Cho Walsgard (Bloomberg) — Shipping is about to lead a recovery in global offshore markets that have been battered by plunging oil prices,

April 27, 2016
Total Views: 40

Thursday, April 14, 2016
Houston-Based Oil Explorer Energy XXI Files for Bankruptcy After $5 Billion Expansion
News

Houston-Based Oil Explorer Energy XXI Files for Bankruptcy After $5 Billion Expansion

By Tiffany Kary and Joe Carroll (Bloomberg) — Energy XXI Ltd. filed for bankruptcy protection after spending $5 billion on acquisitions in the years

April 14, 2016
Total Views: 53

Tuesday, April 12, 2016
Marine Industry Looks to Cruise Ships, Wind Farms to Weather Oil Slump
News

Marine Industry Looks to Cruise Ships, Wind Farms to Weather Oil Slump

By Aradhana Aravindan and Keith Wallis SINGAPORE, April 12 (Reuters) – Marine and offshore engineering companies are turning to cruise ships, fishing

April 12, 2016
Total Views: 12

maersk triple-e
News

Cheap Oil Blunting Drive for Fuel Efficiency -Kemp

By John Kemp LONDON, April 12 (Reuters) – Fuel consumption is not very sensitive to a small change in prices in the short run, but if the price change

April 12, 2016
Total Views: 5

Tuesday, February 16, 2016
Byford Dolphin gcaptain.com
News

Fred. Olsen Energy Says Drilling Rates to Stay at Loss-Making Levels

OSLO, Feb 16 (Reuters) – Global offshore drilling rig rates will remain at loss-making levels as the market continues to suffer from overcapacity,

February 16, 2016
Total Views: 23

Monday, February 15, 2016
Singaporean Rig Builder Sembcorp Marine Posts First Loss Since 2003
News

Singaporean Rig Builder Sembcorp Marine Posts First Loss Since 2003

By Kyunghee Park and Jonathan Burgos (Bloomberg) — Sembcorp Marine Ltd., the world’s second- largest builder of oil rigs, posted its first quarterly

February 15, 2016
Total Views: 63

Wednesday, February 10, 2016
Maersk’s $2.5 Billion Loss in Q4 2015 Worse Than Expected
News

Maersk’s $2.5 Billion Loss in Q4 2015 Worse Than Expected

By Ole Mikkelsen COPENHAGEN, Feb 10 (Reuters) – Denmark’s A.P. Moller-Maersk tumbled to a loss of $2.5 billion in the last three months of 2015

February 10, 2016
Total Views: 37

Friday, February 5, 2016
Just 0.1% of Global Oil Output Has Been Halted Due to Low Prices
News

Just 0.1% of Global Oil Output Has Been Halted Due to Low Prices

By Javier Blas (Bloomberg) — After a year of low oil prices, only 0.1 percent of global production has been curtailed because it’s unprofitable,

February 5, 2016
Total Views: 18

Wednesday, January 20, 2016
Shell Profit Plunges at Least 42% as Oil’s Slump Deepens
News

Shell Profit Plunges at Least 42% as Oil’s Slump Deepens

By Rakteem Katakey (Bloomberg) — Royal Dutch Shell Plc, which is buying BG Group Plc in the industry’s largest deal in a decade, expects fourth-quarter

January 20, 2016
Total Views: 6

Tuesday, January 19, 2016
Havila Shipping’s Debt Plan Fails to Gain Support
News

Havila Shipping’s Debt Plan Fails to Gain Support

By Luca Casiraghi (Bloomberg) — Havila Shipping ASA said it has so far failed to get enough support from bondholders to postpone repayments on 5.7

January 19, 2016
Total Views: 14

China Offshore Driller CNOOC to Cut Output for First Time Since 1999
News

China Offshore Driller CNOOC to Cut Output for First Time Since 1999

Aibing Guo and Rakteem Katakey (Bloomberg) — China’s largest offshore oil company will cut output for the first time in more than a decade, prompting

January 19, 2016
Total Views: 4

Tuesday, January 12, 2016
BP Plans to Cut 4,000 More Oil Jobs
News

BP Plans to Cut 4,000 More Oil Jobs

By Rakteem Katakey (Bloomberg) — BP Plc plans to cut 4,000 jobs in its crude- oil production division this year as prices trade near a 12-year low. The

January 12, 2016
Total Views: 9

Monday, January 11, 2016
maersk drilling rig
News

Maersk Faces ‘Toxic Cocktail’ in 2016, Analyst Nordea Says

By Christian Wienberg (Bloomberg) — A.P. Moeller-Maersk A/S is a conglomerate with about 900 different divisions, but investors only really need to worry

January 11, 2016
Total Views: 38

Friday, November 6, 2015
Maersk Oil Profit Sank 86% Last Quarter as Prices Plunge
News

Maersk Oil Profit Sank 86% Last Quarter as Prices Plunge

  Christian Wienberg (Bloomberg) — A.P. Moeller-Maersk A/S, Denmark’s biggest company, said profit at its oil unit dropped 86 percent in the

November 6, 2015
Total Views: 36
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