Payam GhalehdarSecurity, Middle EastAn Iranian military fighter plane flies past an oil tanker during naval manoeuvres in the Gulf and Sea of Oman April 5, 2006. REUTERS/Fars News/File PhotoMoreTrumps end-game is a negotiated settlement, not the forcible overthrow of the Islamic Republic.This Is Not the Iran Regime Strategy…
In 2017, global oil demand grew at the fastest rate in a decade, rising to 1.5 million bpd according to a report from the International Energy Agency. This continued demand for oil and gas is pushing exploration and extraction deeper and further into remote regions of the world. Here, Graham Mackrell, managing director of Harmonic Drive UK…
Dodoma. Parliaments Budget Committee wants the government to conduct a thorough analysis of the reasons behind the fall in natural gas exploration activities in Tanzania.This comes amid reports that some investors are contemplating selling their stakes in the sector.Presenting the committees views on the 2018/19 Budget…
With Hebron coming on stream last fall, the province’s offshore is now home to four producing oilfields and thanks to Nalcor’s efforts to map the rest of the enormous offshore, there’s no denying the tremendous potential that exists beneath the waves.But the province’s oil and gas industry is not without its risks above the water…
DNV GL has developed the first type approval scheme for the use of aluminium cables and connectors onboard vessels in order to help its customers improve efficiency .Traditionally, power cables for marine use have been made with copper, but the price has been rising sharply over the last several decades – putting increasing cost pressures on the maritime industry.“At the same time…
April 18, 2018: Hansa Heavy Lift has moved subsea equipment to assist with the development of the Offshore Cape Three Points (OCTP) Integrated Oil & Gas Development Project off the coast of Ghana.The voyages took place onboard the heavy-lift vessels HHL Rhine and HHL Richards Bay, which transported the cargo between the ports of Panama City…
Details of a novel three-year project to enhance the energy assessment and revenue forecasting for the proposed Inch Cape Offshore Wind Farm 15km off the Angus coast in the East of Scotland demonstrates significant benefits of adopting bespoke technology to gather data.A ZephIR wind Lidar system was installed on an existing…
Zacks Equity Research,1 / 3Transocean (RIG) has been facing pressure in its top line owing to lower contract drilling revenues from the deepwater and ultra-deepwater floaters amid reduced dayrates and weak utilization.Transocean Ltd. RIG recently announced its intention to retire four of its aging rigs Deepwater Discovery…
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A dangerous Russian oil tanker has been seized on the Humber after alarmed dock workers were so concerned about its safety they alerted the authorities - before it had even docked.The 85-metre (280ft) Tecoil Polaris was heading into Immingham when the alarm was raised.And after the Maritime and Coastguard Agency inspected…
China's imports of Venezuelan crude oil could sink to their lowest in nearly eight years in July as the Opec producer struggles with shrinking output and mounting logistics issues, according to people familiar with the matter and shipping data.State-controlled PetroChina expects June loadings from Venezuela, mainly the Merey grade…
SEOUL, June 15 (Yonhap) -- Hyundai Merchant Marine Co., South Korea's leading shipping company, has signed letters of intent (LOIs) with the country's three major shipbuilders to build 20 container carriers by mid-2021. At its headquarters in Seoul, Hyundai Merchant signed an LOI with Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co.
PRINCE ALBERT, Sask. - The company behind the 2016 oil spill that fouled the North Saskatchewan River and threatened the water supply of Prince Albert and other communities wants to build new pipelines to replace the structure that leaked. Husky Energy held an open house Wednesday in Prince Albert to discuss its proposal.
Looking at some ROIC (Return on Invested Capital) numbers, CSSC Offshore & Marine Engineering (Group) Company Limited (SEHK:317)’s ROIC Quality Score is 0.620777. ROIC is a profitability ratio that measures the return that an investment generates for those providing capital. ROIC helps show how efficient a firm is at turning capital into profits.
Global Fast Rescue Boat Market report discusses about development policies and plans as well as manufacturing processes and cost structures. A strong trend of R&D investments in Fast Rescue Boat industries 2023 will majorly drive the Fast Rescue Boat market Approaches. Other growth drivers include the need to curtail costs…
BENGHAZI, Libya - The major Libyan oil ports of Ras Lanuf and Es Sider were closed and evacuated on Thursday due to attacks by armed brigades opposed to the powerful eastern commander Khalifa Haftar, causing a production loss of 240,000 barrels per day (bpd).At least one storage tank at Ras Lanuf terminal was set alight, an engineer told Reuters.
NHV Group has received a contract from Dana Petroleum to provide helicopter services to its central and northern North Sea assets, the company announced on 7 June.NHV will operate the H175 aircraft for the contract, which is designed to meet evolving mission needs in the oil and gas industry. To support the project, NHV will add a new H175 to its fleet in Aberdeen.
Drones are quickly gaining traction in the marine and offshore industries, primarily for video-recording tasks like inspecting rigs and surveying void spaces. Top drone maker DJI says that they are also moving into the realm of onshore and offshore search and rescue, especially in waterborne SAR operations. On Wednesday…
Halifax Shipyard workers have voted to reject a tentative agreement with Irving Shipbuilding and served a 48-hour strike notice. Unifor Marine Workers Federation Local 1 voted on Wednesday, with 75 percent rejecting the proposed agreement after eight months of negotiations."Obviously our members have been frustrated, and we have seen unacceptable levels of workers being disciplined needlessly…
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