Shale Oil News

Irving oil ordered to pay Can$4 mln after Lac Megantic disaster

Firefighters douse blazes in Lac-Megantic, in Quebec province in one of the worst rail disasters in Canada's history July 6, 2013 (AFP Photo/Francois LAPLANTE-DELAGRAVE)MoreOttawa (AFP) - Irving Oil was ordered Thursday to pay Can$4 million (US$3.1 million) for failing to safely transport oil by rail, following a probe…

New Saudi mega-city will be listed publicly, crown prince says | Article [AMP] | Reuters

RIYADH (Reuters) - The $500 billion mega-city planned by Saudi Arabia will be floated on financial markets alongside oil giant Saudi Aramco as part of the kingdom's drive to diversify away from oil, the crown prince told Reuters in an interview late on Wednesday. The 26,500-square km (10,230-square mile) business and industrial zone, named NEOM, will extend into Jordan and Egypt.

Premier Oil Stations FPSO at Catcher Field in North Sea  | Rigzone

by  Gregory DL Morris|Rigzone Contributor|Thursday, October 26, 2017TweetPremier Oil secures a major advance in its North Sea fortunes.Premier Oil, a small independent producer with interests scattered around the world, secured a major advance in its North Sea fortunes when the BW Catcher floating production storage and offloading (FPSO) vessel arrived at the Catcher field October 18.

TechnipFMC (FTI) Misses on Q3 Earnings, Sales Decline Y/Y

Energy services company TechnipFMC plc FTI reported third-quarter 2017 earnings on a diluted basis (excluding one-time items) of 39 cents a share, missing the Zacks Consensus Estimate of 46 cents. The weak results can be attributed to lower revenues mainly due to reduced project activities in Europe and Africa, partially…

Navy sailors train on 1,900-crore rescue submarines that India is buying

© NDTVTwenty four officers and sailors from the navy are now training on the world's most advanced rescue submarines in Scotland with systems that India has sought for decades - state-of-the-art technology and equipment that can be used to save sailors trapped underwater in submarine catastrophes. Last year, the government signed a 1…

Oil rig not source of spill

The Institute of Marine Affairs, along with other agencies investigating the source of an oil spill which has covered a mass of water along the peninsula from St Peters Bay to Scotland Bay on October 16, still have not established the source of the spill.However, according to a release sent to the media investigators have eliminated an oil rig as one of the suspected sources.

Cnooc 3Q Oil-And-Gas Sales CNY35.94 Billion; Up 16.9% on Year

Chinese offshore oil-and-gas explorer Cnooc Ltd. (0883.HK) said its revenue in the third quarter rose 15.5% from a year earlier to 37.25 billion yuan ($5.6 billion) on higher oil and gas prices. Cnooc said after markets closed Wednesday that third-quarter unaudited oil-and-gas sales revenue increased 16.9% to CNY35.94 billion, mainly due to higher average realized oil and gas prices.

Ardmore Shipping Corporation: Ardmore Shipping Announces Third Quarter 2017 Conference Call and Webc

HAMILTON, Bermuda, Oct. 25, 2017/PRNewswire / -- Ardmore Shipping Corporation (NYSE: ASC) ('Ardmore' or the 'Company') today announced that the Company plans to announce its third quarter 2017 earnings before the market opens on Wednesday, November 1, 2017and will host a conference call later in the day at 10:00 a.m. Eastern Time.

We finally know the results of Papua New Guineas elections

Monkey Cage| AnalysisBy Zoe Meers, Kim Yi DionneOctober 25, 2017 at 6:00 AMAn electoral commission worker answers questions locals have on ballot boxes at a mock poll booth in Port Moresby before the 2012 elections in Papua New Guinea. (Australia Department of Defense/Flickr/)Papua New Guineas parliamentary elections took place June 24 to July 8, and there was significant controversy.

Four Quitters Walk Into a Bar

I have met Trump haters before, lots of them, the kind who seize upon every conspiracy theory and refuse to give him any benefit of any doubt. The four people I recently spent the morning with at Solly’s Tavern in D.C. (sans booze, don’t worry) were not Trump haters. They were, however, Trump quitters.All of them, at some point over the course of the last nine months…

Where to get tacos and more great Mexican food from Jonathan Gold's 101 Best Restaurants

Of the many terrific places to eat on Jonathan Gold's 101 Best Restaurants list, where can you go for a great taco or a tlayuda, a bowl of fideo and a michelada, maybe a sheet pan loaded withpescado zarandeado? Here are the 11 Mexican restaurants on this years 101 or rather, 10 Mexican restaurants and one food court with…
Chemical & Material

Chemical Tanker Shipping Market will be Massively Influenced by Macroeconomic Factors 2016 – 2024

In the past few years, the array of chemicals transported in bulk has significantly expanded and special varieties of ships are being extensively used to meet the need. Apart from the specialist ships designed to ship bulk chemicals by sea, transportation of bulk chemicals also requires special training for the crew involved in the entire process…

More oil than initially believed spilled off Louisiana coast - WBRC FOX6 News

NEW ORLEANS (AP) - The Coast Guard says the amount of oil discharged into the Gulf of Mexico off Louisiana's coast last weekend is substantially higher than initial estimates.The Bureau of Safety and Environmental Enforcement says oil spewed out of an underwater fractured pipe Saturday in the Gulf of Mexico about 40 miles (65 kilometers) southeast of Venice, Louisiana.
China Ship Hull

700-Year-Old Shipwreck Unearthed in Eastern China

700-Year-Old Shipwreck Unearthed in Eastern ChinaTuesday, October 24, 2017SHANDONG PROVINCE, CHINAA 70-foot-long shipwreck with a cracked hull has been unearthed at a construction site in eastern China, according to a report in Live Science. The vessel is thought to have been used for river journeys during the Yuan Dynasty, some 700 years ago, before it sank and was covered with silt.

This Shipwreck Dates to When Genghis Khan's Descendants Ruled China

Archaeologists have uncovered a shipwreck buried under silt and mud that dates back around 700 years to a time when the descendants of Genghis Khan ruled China, sometimes from their palace at Xanadu. Although China was ruled by the Mongols Chinese culture flourished at this time and the art and artifacts found in the 70-foot-long (21 meters) wooden shipwreck show motifs that were popular in China.

Superior Energy Services (SPN) CEO David Dunlap on Q3 2017 Results - Earnings Call Transcript

Superior Energy Services, Inc. (NYSE:SPN)Q3 2017 Earnings Conference CallOctober 24, 2017, 09:00 AM ETExecutivesPaul Vincent - Vice President-Investor RelationsDavid Dunlap - President and CEORobert Taylor - CFOAnalystsWaqar Syed - Goldman SachsBill Herbert - Simmons & CompanyMarshall Adkins - Raymond JamesBrad Handler…

Oil holds gains, supported by Iraq disruptions and drop in U.S. rigs

AMSTERDAM (Reuters) - Oil prices held on to last week’s gains on Monday, supported by supply disruptions in Iraq and a drop in U.S. drilling. Crude oil is dispensed into a bottle in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration But analysts said the reduction in drilling rigs in the United States could prove temporary as activity had been restrained by hurricane threats.

Port of Seattles Position 3 race pits incumbent Bowman vs. newcomer Abdi

King County voters will elect three Port commissioners in the Nov. 7 election, and Stephanie Bowman is one of two incumbents seeking re-election.In the Position 3 race for the Port of Seattle Commission, board member Stephanie Bowman is running for re-election against challenger Ahmed Abdi, a progressive who fought for minimum-wage increases.King County voters on Nov.

Is The Recent Plunge Of Transocean Justified? - Transocean Ltd. (NYSE:RIG)

Transocean (RIG) plunged 10% last week and thus interrupted its rebound off its all-time lows. The major reason was the contract it signed for its ultra-deepwater drillship Deepwater Invictus at a dayrate of $145 K. The news was extremely disappointing, as the dayrate was 75% lower than the current rate while the drillship is a modern rig built in 2014.

ExxonMobil Acquires Crude Oil Terminal To Serve Growing Permian Basin Production

HOUSTON--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP. The terminal is located in the rapidly growing Delaware Basin, part of Permian Basin – one of the most prolific plays in the United States.The terminal is strategically…