Offshore Oil News

Naval Air Station Key West responds to offshore emergency

A Navy search-and-rescue crew on Thursday airlifted a man from a fishing vessel 63 miles northwest of Key West after he showed signs of a possible heart attack.Naval Air Station Key Wests crew, flying on a MH-60S Seahawk, was in the air at 11 a.m. responding to the Coast Guards call for help, which went out at 10:51 a.m.…

Government of Canada awards contract for oil-collecting equipment under Oceans Protection Plan

DARTMOUTH, NS, Aug. 7, 2018 /CNW/ - Under the Oceans Protection Plan, the Government of Canada is committed to providing the women and men of the Canadian Coast Guard with the equipment they need to carry out their important work on behalf of Canadians. Today, Darren Fisher, Member of Parliament for Dartmouth-Cove Harbour…

Thrilling Underwater Shipwrecks to See Around the World

The wrecks of more than 60 Japanese warships destroyed by American forces in 1944 lay at the bottom of a pristine lagoon in Micronesia. And while Japanese families still arrive to pay their respects to the many lives lost here, divers come from all over the world for an underwater window into World War II history. Japanese cargo ships…
Photo: Courtesy of Wikimedia Commons

State Offshore Drilling Bills to be Discussed by Appropriations Committees

By Daniel Ritz and Eric Heinz Fiscal Committees in State Senate and Assembly Will Determine Fates of SB 834 and AB 1775.Two bills seeking to prevent new offshore drilling activities off the California coast are currently being reviewed by the Appropriations Committees in both houses; with each bill making it out of its…

Police place travel ban on salvage firm bosses who claimed sunken ship contained £100bn in gold

The newspaper reported that authorities were investigating allegations that the company encouraged investors to buy the cryptocurrency by claiming they would be reimbursed with gold recovered from the ship the Dmitrii Donskoi.Launched in St Petersburg in August 1883, the Dmitrii Donskoi was designed as a commerce raider…

Virginia selects globally recognized team to support offshore wind industry development

RICHMOND, Va. –  Governor Ralph Northam announced today that the Virginia Department of Mines, Minerals and Energy (DMME) has selected BVG Associates to help develop strategies to strengthen Virginias position in attracting the offshore wind supply chain and service industry to the Commonwealth.The firms work will build…

Cabinet to decide on fast ferries

CABINET will deliberate soon on proposals from Australian shipbuilders Austal and Incat for the provision of new vessels for TT. Minister in the Office of the Prime Minister (OPM) Stuart Young made this comment to reporters at Port of Spain City Hall yesterday. Cabinet holds its regular weekly meeting at the Diplomatic Centre in St Ann’s today.

Tullow Oil slightly raises production guidance

July 25 (UPI) -- After a stumble on a rig contract in West Africa, production from regional assets should be a bit higher than initial forecasts, Tullow Oil said Wednesday.The West Africa-focused company said it revised its full-year oil production guidance from between 90,000 barrels of oil per day at the high end to 92,000 bpd.

Edited Transcript of KCO.DE earnings conference call or presentation 24-Jul-18 12:00pm GMT

Thomson Reuters StreetEventsJuly 24, 2018Q2 2018 Kloeckner & Co SE Earnings CallDuisburg Jul 24, 2018 (Thomson StreetEvents) -- Edited Transcript of Kloeckner & Co SE earnings conference call or presentation Tuesday, July 24, 2018 at 12:00:00pm GMTTEXT version of Transcript================================================================================Corporate…

Reach Subsea Scores Work In Houston

Norwegian based offshore services provider Reach Subsea said its Houston office has secured several contracts from oil majors in the region, comprising some 100 days of work.Reach Subsea opened its Houston office earlier this year with sights on expanding its services into the important subsea hub. So far, the company has…

Rovco to Double Workforce as it Gears Up For International Expansion

UK-based Rovco has announced plans to double its workforce as it prepares for further global expansion following a robust year of growth for the company.The subsea ROV and hydrographic company has successfully secured inspection and survey projects across the globe in industries including oil and gas and renewables (wind and wave)…

Ryanair blames strikes, rising staff costs and higher fuel prices for 20% fall in profits

Ryanair has blamed strikes, rising staff costs, higher fuel prices and lower fares for a 20 per cent fall in first quarter profits.Despite attracting more passengers and growing sales, the budget airline said profits before tax fell to 319million (£285million) in the three months to the end of June, from 397million (£354million) the same quarter last year.Ryanair…

Stocks to watch: Oxley, Keppel Corp, SembMarine, Chip Eng Seng, Lum Chang, SMJ International, Stocks

THE following companies saw new developments which may affect trading of their shares on Monday:Oxley Holdings: The developer has hired former Amara Holdings group financial controller Chan Yean Chun as chief financial officer and company secretary. Ms Chan will replace outgoing financial controller and company secretary Ooi Chee Eng…

Taylor Bros Marine wins Aussie OPV berth award - NWI - Naval Warfare

Luerssen Australia has selected Taylor Bros Marine for the design, production and installation of the accommodation spaces on Australia's new Offshore Patrol Vessels (OPV), the Australian Ministry of Defence announced on 17 July.Luerssen Australia received a contract from the Australian government to design and build the Royal Australian Navys 12 OPVs in November 2017.

Lucrative bulker sales bolster Jamlo profit

The holding company for Nicolai E Lorentzen and his family has reported a jump in profit after two lucrative bulker sales.Jamlo, which is the parent of shipowner Lorentzen Skibs, logged a pre-tax profit of NOK 33m ($4.1m) in 2017, against a NOK 1m profit a year earlier, according to its annual results.Jamlo also reported successes in its bulker positions.

Woman transported to Honolulu after lava injury

HONOLULU (AP) The Latest on lava injuring tour boat passengers off Hawaii (all times local):3:40 p.m.A woman who was seriously injured when molten rock crashed through the roof of her tour boat off Hawaii has been transported to Honolulu for further treatment.Hilo Medical Center spokeswoman Elena Cabatu said Monday the woman was transferred in serious condition.

UK newbie eyes RE recruits - Offshore Wind | reNEWS

Cargo vessels de-listed from ship registries after Crimea grain trades

By Jonathan Saul and Polina DevittLONDON/MOSCOW, July 12 (Reuters) - At least two countrieshave struck cargo vessels off their registries in recent weeksafter the ships were involved in transporting grains from Crimeato Syria, maritime officials told Reuters.Crimea has been under Western sanctions since it was annexedfrom Ukraine by Russia in 2014 and has been frozen out of manyexport markets.

Quick Picks: How Trucker Shortages Will Affect Businesses From Amazon And Walmart To Tyson Foods And

Trucking Shortage:As e-commerce and logistical needs grow, the need to ship items across the country has grown with it. Most companies in our country have to send large amounts of freight every year to both manufacture and sell their products. As a WSJ article mentions, companies spent a record $1.5 Trillion on shipping costs in 2017.

Rolls-Royce to sell commercial marine business for $661 million

LONDON (Reuters) - Rolls-Royce Holdings (RR.L) said it would sell its loss-making commercial marine business to Norway’s Kongsberg Gruppen ASA (KOG.OL) for 500 million pounds ($661 million), in the latest reshaping of the engineering company by CEO Warren East. FILE PHOTO: A Rolls-Royce logo is seen at the company's aerospace engineering and development site in Bristol, Britain, December 17, 2015.