Shale Oil News

Schlumberger CFO Ayat To Retire Soon

Schlumberger NV Chief Financial Officer Simon Ayat plans to retire this year and a company insider has emerged as top candidate to replace him at the world's largest oil services firm, three people familiar with the matter told Reuters.Stephane Biguet, currently vice president of finance, is the frontrunner to replace Ayat…

KNOT Offshore Partners LP Announces Second Quarter 2018 Cash Distribution

The Partnership announced today that its Board of Directors has declareda quarterly cash distribution with respect to the quarter ended June 30,2018, of $0.52 per unit. This corresponds to $2.08 per outstanding unit on an annualized basis. This cash distribution will be paid on August 14, 2018 to allunitholders of record as of the close of business on August 1, 2018.

Autonomous Vehicle Companies Insist On Safety

FreightWaves staff writer Ashley Coker was in San Francisco last week at the Automated Vehicle Symposium and covered presentations by Lyft, Peloton, and Embark. Coker wrote that safety was a dominant theme of the conference as industry participants reacted to recent headlines about Tesla Inc. (NASDAQ: TSLA) and Uber crashes.

Analysts See $0.34 EPS for Amira Nature Foods Ltd. (ANFI); Star Maritime Acquisition (SEA)'s Sentime

July 16, 2018 - By Theresa McIntyre Analysts expect Amira Nature Foods Ltd. (NYSE:ANFI) to report $0.34 EPS on July, 30.ANFI’s profit would be $14.43M giving it 1.52 P/E if the $0.34 EPS is correct. The stock increased 1.47% or $0.03 during the last trading session, reaching $2.07. About 111,438 shares traded. Amira Nature Foods Ltd.

Centre calls for ship oil mop-up from July 21 | Kolkata News

Kolkata: It has been a month since MV SSL Kolkata was abandoned by her crew. The ship remains grounded barely 15km south of Bhagaduni Island in the Sunderbans with nearly 400 tonnes of oil on board. With the ship listed to starboard and containers settling in the waters around it, the situation poses a grave threat to the fragile ecology of the Sunderbans.

Your Subsea News | Oil & Gas Innovation Centre supports 75th project

OGIC has invested £3.8million in innovative technology in the last four yearsThe Oil & Gas Innovation Centre (OGIC) has signed its 75th project, taking its total investment into innovative technology over the last four years to £3.8million.The latest project comes as OGIC finalises agreements on five new technologies, all…

Investment in rental equipment pays off for north-east firm

A north-east oilfield service firm is investing more than £1 million in rental equipment this year and recruiting extra staff to help meet growing demand.Bosses at Hiretech said yesterday the equipment rental company had experienced a dramatic upturn in business since mid-2017 and celebrated a record-breaking month for turnover in June.Hiretech…

accidents: Two killed in accidents in Kondhwa & Shivajinagar | Pune News

PUNE: Two persons, including a woman, were killed and two others suffered injuries in accidents in Kondhwa and Shivajinagar on Friday. Zainab Mukhtar Hatyari (21) from Kondhwa was run over by an oil tanker near Khadi Machine Chowk around 1.30pm when she was going to a college on her scooter to cancel admission to MBA course.

Today in History: July 14

Today is Saturday, July 14, the 195th day of 2018.Today’s Highlight in History:On July 14, 1933, all German political parties, except the Nazi Party, were outlawed.On this date:In 1789, in an event symbolizing the start of the French Revolution, citizens of Paris stormed the Bastille prison and released the seven prisoners inside.In 1798…
Weekly Shipping Schedule TC July 14 - 20 2018

Shipping Schedule: Week Starting July 14

Port of Corpus Christi breaks records in shipping tonnage

Corpus Christi (kIII News) The Port of Corpus Christi announced record numbers for shipping in the first half of the year, and that could set the stage for a stronger voice in Washington.The tonnage figures mean a lot for the Port as they continue to lobby in Congress to get money for the Port Improvement Project.The Port…

ExxonMobil applies to truck offshore oil and gas on Central Coast

July 11, 2018 ExxonMobil is seeking permission from Santa Barbara County to restart its offshore operations and to then truck the oil and gas it produces to the Phillips 66 Nipomo Mesa refinery, as well as along Highway 166 to a location in Kern County. [Cal Coast Times]The multinational oil companys operations off the…

Trump isn't the first leader to rattle the world order

(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) Kelly McFarland, Georgetown University (THE CONVERSATION) Donald Trump 's recent trip to the G-7 summit smashed expectations of how world leaders should behave. Trump's actions in Canada included exacerbating…

Offshore oil workers removed from platforms as hurricane Chris advances toward Atlantic Canada

ExxonMobil says it has removed some of its workers from offshore oil platforms as hurricane Chris advances toward Atlantic Canada.The Category 2 storm, which was about 600 kilometres off Cape Hatteras, N.C., on Wednesday, was expected to track south of Nova Scotia early Thursday before possibly making landfall in eastern…

Are plastic eating bacteria the solution to ocean pollution? Science shows its not that simple

Recent reporting on the discovery and enhancement of plastic-dissolving enzymes in bacteria made me stop and think about what this might mean for the plastic pollution problem that is plaguing the oceans, including the worlds coral reefs.While this development is interesting, and draws necessary focus to the immense problem of plastic pollution in the ocean…

Venezuela hunger crisis persists as Maduro sends Cuba crude

Venezuelan oil production is dropping rapidly and the government has no money to buy food, medicines or consumer goods, but there is one item that the socialist regime of President Nicolás Maduro seems unwilling to sacrifice under any circumstances: oil subsidies to Cuba.News reports that a shipment of 500,000 barrels of…

Lerwick Harbour's support for west of Shetland Lancaster development

Lerwick Harbour's latest involvement in the offshore industry has been completed with the departure of a turret buoy mooring system for Hurricane Energy's pioneering Lancaster development, west of Shetland.It was delivered to Lerwick from Dubai on board the Jumbo Kinetic which berthed at Mair’s Pier East in mid-June to lift the system from her deck into the water.

Petrobras Loses $622M in Lawsuit Against Vantage Drilling

Petróleo Brasileiro S.A. or Petrobras PBR recently lost an arbitration dispute against Vantage Drilling. The state-run energy company was ordered by an international tribunal to pay a fine of $622 million, resulting from a 2009 contract that was breached in 2015.Petrobras America and Petrobras Venezuela Investments & Services…

Exclusive: France's Total prepares sale of $1.5 billion of UK North Sea fields

LONDON (Reuters) - France’s Total is set to sell a third of its stake in Laggan Tormore gas field along with other oil and gas assets in Britain’s North Sea that could fetch a total of $1.5 billion, four banking and industry sources said. FILE PHOTO: The logo of French oil giant Total is seen on a flag at La Defense business and financial district in Courbevoie near Paris, France. May 16, 2018.

Stranded boat off Jetty Park beach in Brevard County being removed

A privately-owned boat that has been stranded off Jetty Parks beach in Brevard County was scheduled to be removed on Friday.Port Canaveral said the Florida Fish and Wildlife Conservation Commission, in cooperation with the Brevard County Sheriffs Office, is in charge of the removal and salvage operation for the recreational boat.