Shale Oil News

Trumps oil drilling executive order targets marine mammals – East Bay Times

SANTA CRUZ – Buried in President Trump’s executive order opening new waters to offshore oil drilling is a strange paragraph, demanding the government “rescind or revise” a NOAA memo on the effect of manmade sound on marine mammals — a memo that has strong ties to Santa Cruz.“It was very odd,” said Mark Delaplaine, energy…

TASS: Business & Economy - Development technologies, achieving new balance in economy keynotes of SP

MOSCOW, June 1. /TASS/. Twenty-first St Petersburg International Economic Forum (SPIEF 2017) opens in St Petersburg on Thursday. It will last three days and will bring together more than 12,000 participants from 133 countries.This years forum is the second one to be held in the Expoforum Congress and Exhibition Center, where the premises as thrice as big as at Lenexpo…

Extraction & Transport of Fossil Fuels

I. Corexit & The Deepwater Horizon Oil SpillAlso referred to as the BP oil disaster or the Macondo blowout, the Deepwater Horizon Oil Spill was the largest accidental marine oil spill in history, with nearly five million barrels of oil (equivalent to about 210 million gallons) released in the Gulf of Mexico. The April 20…

Should Markets Fear Irans Plans To Boost Oil Output?

Last weeks OPEC meeting was characterized by a certain banality. The news that OPEC and non-OPEC members would agree to another nine months of production cuts elicited a collective shrug from oil markets and brought about a fall in prices. Little that occurred gave rise to alarm, and apart from news that U.S. shale producers…

Maritime Journal | Latest Russian salvage vessel takes to the water

'Kalas' is prepared for its launching at Nevsky Shipyard (Nevsky)Russias Nevsky Shipyard has celebrated launching of the tug-salvage vessel 'Kalas', latest in a series of similar vessels for the Russian government and part of its emergency response fleet modernisation programme.Over the last year, Tugs & Towing has reported…

Worldpay tumbles as Square Mile loses faith in ambitions

Worldpay shares fell after Barclays' downgrade: WorldpayMoreConcerns that Worldpay could miss forecasts hit the payments-processing groups shares today.Analysts at Barclays, one of the banks which advised on its stock market float two years ago, suggested the FTSE 250 company could struggle to hit its annual organic growth target of between 9% and 11% after a slowdown this year.Gerardus Vos…
Oil tanker, Agdash

Azeri Billionaire Gives Erdogan $25 Million Oil Tanker as a Gift

Oil tanker, AgdashBY HARUT SASSOUNIANWhen Recep Tayyip Erdogan first came to power as Turkeys Prime Minister in 2003, he was welcomed by the majority of Turks as a devout Muslim and honest politician, after being ruled by corrupt leaders for several decades.Regrettably, as time passed, Erdogan and his fellow Islamist Party leaders (AKP) became gradually corrupted!

Saudi British Bank picks Goldman for Alawwal merger

(Adds detail, context)By Tom Arnold and Saeed AzharDUBAI, May 31 (Reuters) - Saudi British Bank (SABB) has appointed U.S. investment bank Goldman Sachs to advise on a proposed merger with fellow Saudi Arabian lender Alawwal Bank, sources familiar with the matter said.SABB, which is 40 percent owned by HSBC Holdings, and…

Saudi Aramco signs joint venture deal to build shipyard

DUBAI, May 31 (Reuters) - Saudi Aramco said on Wednesday it had signed a joint venture agreement with three firms to build a shipyard on the kingdom's east coast, part of the government's drive to diversify the economy beyond oil.A shareholder agreement was signed with National Shipping Co of Saudi Arabia (Bahri), a state-controlled firm which ships oil for Aramco…

Stock indexes fall, but Amazon shares break $1,000 barrier

U.S. stocks are lower Tuesday morning as energy companies once again slump with the price of oil and banks slide in tandem with bond yields and interest rates. Technology companies and consumer-focused companies continue to climb, and Amazon.com surpasses $1,000 a share for the first time. Several companies used the long…

Be careful out there during grilling season

Naperville firefighter Al Katona claims that on any Saturday night at any Naperville fire station, someone is making homemade pizza. Firefighters and paramedics who spend long days together at area station houses awaiting emergency calls often cook for each other. "Everyone take turns cooking," says Katona. "At this station…

Reminder: Product Tanker Sector Webinar - Press Release

NEW YORK, NY--(Marketwired - May 30, 2017) -  Capital Link will host a complimentary webinar on Thursday, June 1, 2017 at 10:00 a.m. Eastern Time, on the Product tanker Shipping sector.WEBINAR OVERVIEWThe Webinar will discuss trends and developments in the product tanker sector, including supply and demand, asset values and freight rates…

The Ocean Prospector will Return to Operation after 14 years on the Dock

Back in 1971 ODECO designed and built The Ocean Prospector, the first ever semisubmersible drilling rig that was self-propelled, a standard feature with today’s rigs. It operated in warm waters around the world for ODECO and later Diamond Offshore, after their merger in 1992.In 1998 the rig was towed into Galveston harbour…

Ship Finance beats 1Q profit forecasts

HAMILTON, Bermuda (AP) _ Ship Finance International Ltd. (SFL) on Tuesday reported first-quarter profit of $32.3 million.On a per-share basis, the Hamilton, Bermuda-based company said it had net income of 35 cents.The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment…
New insights on chemical tanker spills in rough seas

New insights on chemical tanker spills in rough seas

The weather worsens, the towage line breaks, the vessel runs aground, the engine room is flooded, a lube oil system tank is punctured and there is oil visible on the surface of the water...Picture the scene: a chemical tanker loaded with caustic soda is making its way through rough seas and strong winds in the early hours of a Saturday morning…

Newbuilding Prices Spark Shipbuilding Optimism

A rebound in newbuilding prices, the first in around three years, is raising speculation that the global shipbuilding industry has seen the worst and is now set to recover. According to data from Clarkson Research, newbuilding prices for both tankers and bulk carriers have risen for the past two months.The price of a new VLCC of 310…

SFL - First Quarter 2017 Results

Ship Finance International Limited (SFL) - Earnings ReleaseReports preliminary Q1 2017 results and quarterly dividend of $0.45 per shareHamilton, Bermuda, May 30, 2017. Ship Finance International Limited ("Ship Finance" or the "Company") today announced its preliminary financial results for the quarter ended March 31, 2017.Highlights Declaration of first quarter dividend of $0.45 per share…

Edited Transcript of SIBN.MZ earnings conference call or presentation 24-May-17 2:00pm GMT

Q1 2017 Gazprom Neft' PAO Earnings Call (IFRS)Moscow May 30, 2017 (Thomson StreetEvents) -- Edited Transcript of Gazprom Neft' PAO earnings conference call or presentation Wednesday, May 24, 2017 at 2:00:00pm GMTTEXT version of Transcript================================================================================Corporate…

VLCC Tanker Newbuild Orders Continue To Pile Up

Note:This article was originally published May 10th onValue Investor's Edge, a Seeking Alpha subscription service.OverviewVLCC stands for Very Large Crude Carrier and they typically transport approximately 2,000,000 barrels of oil. Companies engaged in the ownership of these vessels include DHT Holdings (NYSE:DHT), Euronav (NYSE:EURN), Frontline (NYSE:FRO), Gener8 Maritime Inc.

FRO - First Quarter 2017 Results

Frontline Ltd. (the "Company" or "Frontline"), today reported unaudited results for the three months ended March 31, 2017:Highlights of the quarter Achieved net income attributable to the Company of $27.0 million, or $0.16 per share, for the first quarter of 2017. Achieved net income attributable to the Company adjusted for certain non-cash items of $27.9 million…