Offshore Oil News

SCC, MAPC get US Wind contracts for 250MW Maryland offshore wind farm

EBR Staff WriterPublished 23 April 2018Strum Contracting Company (SCC) and Maritime Applied Physics Corporation (MAPC) have won contracts from US Wind for the 250MW Maryland offshore wind farm in the US.As per their contracts, the two companies will provide a variety of specialized services associated with the fabrication and installation of a meteorological tower for the offshore wind project.

NORWEGIAN STOCKS-Subsea 7 rises after making hostile bid for McDermott

OSLO, April 23 (Reuters) - * Norwegian shares traded up on Monday * Oslo's benchmark index rose 0.63 pct, or 5.26 points, to 851.43 points and was up by 3.89 pct year-to-date * The broader Oslo All Share Index was up 0.67 percent * Brent crude futures, a trigger for the oil heavy Oslo Bourse, fell $0.37 to $73.69 a barrel…

Subsea 7 (SUBCY) & Its Peers Critical Analysis

Subsea 7 (OTCMKTS: SUBCY) is one of 31 public companies in the “Oil & gas field services, not elsewhere classified” industry, but how does it contrast to its rivals? We will compare Subsea 7 to related businesses based on the strength of its institutional ownership, analyst recommendations, risk, profitability, earnings, valuation and dividends.

Critical Analysis: Forum Energy Technologies (FET) & Deep Down (DPDW)

Forum Energy Technologies (NYSE: FET) and Deep Down (OTCMKTS:DPDW) are both small-cap oils/energy companies, but which is the better stock? We will contrast the two businesses based on the strength of their analyst recommendations, institutional ownership, profitability, valuation, risk, dividends and earnings. ProfitabilityThis table compares Forum Energy Technologies and Deep Down’s net margins…

Canada's Trudeau pledges money, new law pipeline happen | Nation World

OTTAWA, Ontario (AP) Prime Minister Justin Trudeau said Sunday he has instructed his finance minister to begin talks with Kinder Morgan to "remove the uncertainty" hanging over the controversial Trans Mountain pipeline expansion project that would nearly triple the flow of oil from Canada's oil sands to the Pacific CoastTrudeau…

2 ducklings, 1 duck recovering after April 12 Mississippi River oil spill: U.S. Coast Guard

Two ducklings and one Drake Mallard duck are recovering after a cargo vessel crashed into a pier near the Nashville Wharf on the Mississippi River last week, spilling thousands of gallons of oil into the water, according to a U.S. Coast Guard update Saturday night (April 21).After nine days of cleanup efforts, the Coast Guard said approximately 11…

ValuEngine Upgrades Subsea 7 (SUBCY) to Strong-Buy

Subsea 7 (OTCMKTS:SUBCY) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report issued on Thursday, April 12th.Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Subsea 7 from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th.

Singapore Shares May Extend Friday's Losses

The Singapore stock market on Friday ended the three-day winning streak in which it had climbed more than 100 points or 2.9 percent. The Straits Times index now rests just beneath the 3,575-point plateau and it's looking at another soft start again on Monday.The global forecast for the Asian markets is murky amid a lack of major catalysts as earnings and data have been inconsistent.

Why we should not begin offshore exploration for oil and gas | Opinions

Dear Editor,I am writing in response to the April 6 letter to the editor by Lieutenant General Thomas McInerney titled Energy is, and always will be a national safety issue.As a fellow military aviator, fighter pilot and Vietnam veteran with 213 combat missions in the Marine F-4B version of the Phantom that General McInerney flew in Vietnam…

Montara Oil Case, Luhut: No Court, No Problem | Economy & Business

TEMPO.CO, Jakarta - Coordinating Minister for Marine Affairs, Luhut Binsar Panjaitan, revealed the government's plan regarding the case of Montara oil spill in the Timor Sea."We want to finish it nicely, without a trial it is no problem," he said after dinner in Metropolitan, Washington DC, on Friday night April 20.On May 3…

Boater picked up stranded Hawaii flood victims, demanded money to save them, authorities say – The D

There were many of good deeds on the Hawaiian island of Kauai over the past week and one particularly bad one.Hawaiis stunning garden island is not yet recovered from its worst flooding in decades following a powerful storm that surged through the island over the weekend. The wild weather produced dramatic scenes as helicopters…

Analyst’s Predictions on Tahoe Resources Inc. (TAHO), Diamond Offshore Drilling, Inc. (DO)

Tahoe Resources Inc. (NYSE:TAHO) gained 0.37% with the closing price of $5.44. The overall volume in the last trading session was 2.15 million shares.Company Growth Evolution: ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Investors who are keeping close eye on the stock of Tahoe Resources Inc.

Scrubbers 'No Silver Bullet' For Shipping -Wartsila

Global shipping fleet must cut sulfur emissions by 2020. Wartsila received record orders for sulfur scrubbers last year.Shipping industry hopes that so-called sulfur scrubbers are a quick-fix solution to compliance with drastic emissions reduction demanded by 2020 are somewhat misguided, one of the world's biggest manufacturers…

Column: Thoughts on trains, tankers and pipelines

By Hank Shelley, Observer contributorWhile pruning a couple apple trees at Notch Hill farm last week, which is close to the CP mainline, the high pitched squeal of the 200,000 plus ton train’s steel wheels pressure against the thin steel rails, was surreal.As the 205 car freight rolled past, 35 were oil tankers carrying bitumen from Alberta.

One dead, another missing after oil barge fire off Texas

(Reuters) - At least one person was killed and another was missing on Friday after an oil barge being pulled by a tug boat caught fire and exploded in the Gulf of Mexico off Texas, officials said. Coast Guard responds to barge on fire approximately three miles from Port Aransas jetties in Texas, U.S., October 20, 2017. Courtesy U.S.

Australia won't abandon S. China Sea patrols after encounter | World

CANBERRA, Australia (AP) Australia's prime minister said his country has a "perfect right" to traverse the South China Sea after a media report Friday that the Chinese navy challenged three Australian warships in the hotly contested waterway.The Chinese "challenged" two Australian frigates and an oil replenishment ship this month as the Australian vessels were sailing to Vietnam…

Senators question Mattis on compatibility of oil rigs, military training

NORFOLK, Va. (WVEC) -- The idea of oil rigs in the waters where the Navy conducts critical pre-deployment training is worrisome, according to Virginia Senators Mark Warner and Tim Kaine.The Trump administration proposes to allow oil and gas drilling in the Atlantic Ocean. The drilling would take place in waters where assets from Naval Station Norfolk…

Angola invites bids for two offshore oil blocks

Autonomous Underwater Vehicles Market 2018 Analysis Report- North America, Europe, China, Japan, Sou

The global revenue of Autonomous Underwater Vehicles market was valued at __.__ M USD in 2016 and is expected to reach USD _._ M USD in 2022. In the future five years, we predict the CAGR of global revenue is __._%.The Global Autonomous Underwater Vehicles Market Research Report 2018 report presents a basic overview of the Autonomous Underwater Vehicles industry…

Hazard to navigation removed from Vineyard Haven Harbor

An underwater spud left behind in Vineyard Haven Harbor by marine contractor Robert B. Our was removed Thursday morning by an Offshore Engineering crane barge.The spud alarmed local mariners who said it posed a hazard dangerous enough to sink a boat. The Town of Tisbury posted a hazard to navigation warning on its website after harbormaster John Crocker learned of the spud last Friday.