Shale Oil News

Maritime Industry Icon Jack Gallagher

John “Jack” J. Gallagher, a maritime industry veteran and environmental services pioneer, passed away on Monday at the age of 89.Jack’s greatest professional passion was his work as a Spill Manager/Qualified Individual, a role in which he had few peers. Jack was known to be fiercely committed to doing everything morally possible to protect his clients…

4 Energy Stocks With Huge Yields May Be the Best Sector Play Now

It looked like a clear road to $80 a barrel, and if you believe what the financial press was reporting, that is exactly where Saudi Arabia and many of the OPEC nations want the price of oil to go. However, the president has backed out of the Iran deal and once again imposed sanctions which curtail the oil exports from that country…

Frontline expects scrapping, OPEC output to boost oil tanker demand

OSLO (Reuters) - Increased scrapping of older oil tankers and the potential for higher output of OPEC crude will likely boost vessel demand in the time ahead, and thus rates, Oslo-listed shipper Frontline said on Thursday. The company reported a forecast-beating first-quarter operating profit of $2.8 million, while analysts in a Reuters poll on average had expected a loss of $13.3 million.
Theo Xenakoudis, Director, Worldwide Business Operations, International Registries, Inc. (IRI)

Marshall Islands Aims to Resolve Sulfur Cap Concerns

Theo Xenakoudis, Director, Worldwide Business Operations, International Registries, Inc. The Republic of the Marshall Islands (RMI) has submitted a paper to the IMO Intersessional Working Group (ISWG) on the consistent implementation of the 2020 global fuel oil sulfur standard under MARPOL Annex VI.The submission, which was co-sponsored by the Republic of Liberia…

£31m subsea centre of excellence to be created in Montrose

Oilfield services group Baker HughesGeneral Electric (BHGE) is to build a subsea manufacturing campus in Angus to support the global oil and gas industry.Backed by a £4.9 million grant from Scottish Enterprise, BHGE has committed £31m to the facility, based at its existing location in Montrose, which will create 100 new jobs.

Safe Bulkers, Inc. (SB) CEO Polys Hajioannou on Q1 2018 Results - Earnings Call Transcript

Safe Bulkers, Inc. (NYSE:SB) Q1 2018 Results Earnings Conference Call May 30, 2018 8:30 AM ETExecutivesPolys Hajioannou - Chairman and CEODr. Loukas Barmparis - PresidentKonstantinos Adamopoulos - CFOIoannis Foteinos - COOAnalystsJon Chappell - EvercoreChris Wetherbee - CitiBen Nolan - StifelJames Jang - Maxim GroupRandy Giveans - JefferiesOperatorThank you for standing by, ladies and gentlemen.

Milwaukee port starts shipping ethanol, raising concerns | News

Ethanol is being shipped out of the Port of Milwaukee this spring for the first time in at least a decade, raising environmental concerns.The liquid cargo pier recently received a $3.6 million upgrade that allows it to move ethanol and petroleum products, The Milwaukee Journal Sentinel reported.U.S. Oil loaded its first shipment of 100,000 barrels of ethanol last month.

Rutter Inc. Finalizes Deal with Indonesian Marine Police

Rutter is pleased to announce the successful delivery of 11 sigma S6 Small Target Surveillance (STS) systems to the Indonesian Marine Police through PT MultiIntegra of Jakarta, Indonesia.Faced with the need to monitor activity and enforce laws in a vast coastal marine environment, adoption of the sigma S6 system by The…

Dubai cancels corporate fines in fresh effort to boost business

DUBAI : Dubai is exempting companies from administrative fines in a fresh effort to stimulate business, which has been dampened by new taxes and slumping asset markets. A decree by Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum cancels fines imposed by the Department of Economic Development through the end of 2018, the DED said on Tuesday.

Japan releases new images of North Korea sanctions breach at sea | NK News

The Japanese government on Tuesday published photos dated May 19 of what it says likely shows a sanctioned North Korean vessel engaging in prohibited ship-to-ship (STS) transfers in the East China Sea.Images, taken from a Japanese Maritime Defense Force P-3C aircraft, show a North Korean oil tanker alongside a smaller vessel with pumps or hosing connecting the two…

What historic paddle steamer's new owners have to say about boat's sinking off North Wales coast

The new owners of a historic paddle steamer which sank off the coast of North Wales have spoken of their devastation. The MV Oliver Cromwell, a 36m Gloucester paddle wheeler and riverboat hotel, sank 12 miles off the coast of Holyhead while being towed to its new home at Crannagh Marina Complex in Coleraine, Ireland.They purchased the ship from English Holiday Cruises Ltd in January 2018 for £245…

Waterbury Hero Priest Was Always Considered A Saint; Now Some Want To Make It Official

The Rev. Thomas Conway of Waterbury was always considered a saint by the sailors who say he helped them survive drowning in the Philippine Sea.Now, parishoners across the Archdiocese of Hartford want to make it official.A four-year campaign to have the U.S. Navy award Conway the prestigious Navy Cross for extraordinary…

India, Pak agree to facilitate faster repatriation of each other’s fishermen & boats, engage more on

NEW DELHI: Signaling a slight thaw in their troubled bilateral relations, India and Pakistan have decided to ensure closer coordination between their coast guards in liberalizing procedures for release of each others fishermen as well as undertaking search and rescue missions and tackling oil spill disasters or pollution on the high seas.

ALERT: Prices of imported goods may rise over rate hike by shipping companies

AdvertisementThe prices of imported goods might increase after companies like Maersk and Mediterranean Shipping Company, have announced a hike in rates.Both companies attributed the increased rates to increased bunker fuel prices which are a result of higher oil prices.The fuel used to power ships is known as bunker fuel.For a country like Nigeria…

The best 3D printers you can buy for under $1,000 right now

By Ed OswaldContent Provided by   Bill Roberson/Digital TrendsBill Roberson/Digital TrendsLet’s face it: while we may say we put more emphasis on value over price, most of us will look at the price first anyway. That’s no different with 3D printers, although up until recently the idea of “cheap” in this market was still well north of $1…

Seadrill Partners - A Struggling Recovery - Seadrill Partners, LLC (NYSE:SDLP)

Courtesy: SDLPInvestment ThesisThe offshore drilling industry has been dealing with the nasty effects of a stubborn and long oil bear cycle for many years. The result is that Seadrill (NYSE: SDRL) was forced to file for chapter 11 bankruptcy due to a massive debt load and is still negotiating a restructuring plan with its bondholders as we speak.

GALLAGHER: On eve of 80th class reunion, Galva grad remembers WWII torpedo attack | Columnists: Tim

HOLSTEIN, Iowa -- France Wanberg extends a hand and shows his 1938 class ring, still looking good, like Wanberg, who graduated from Galva High School in Galva, Iowa, 80 years ago this spring.Wanberg and his ring serve as historical talking points as former Blue Devils convene for the Galva High School Alumni Reunion on…

China And The Shadow Wars

In April 2018 two Chinese born men (Shan Shi and Gang Liu) were indicted for conspiring to commit economic espionage in the United States. It was also revealed that the two men (one of them an American citizen and the other a permanent resident) and four others were also indicted in July 2017 for conspiring to steal trade secrets.
El Faro

El Faro's Final Maneuvers Revisited

The National Transportation Safety Board released has released a 16-page illustrated digest summarizing the critical events and decisions that led to the October 1, 2015 sinking of El Faro and the loss of all 33 crewmembers. The digest reviews the voyage, the vessel's final maneuvers and examines the more than 60 recommendations…

Teekay Offshore Partners L.P. (TOO) Received $3.44 Consensus Target Price from Brokerages – Bangalor

Teekay Offshore Partners L.P. (NYSE:TOO) has earned an average rating of “Hold” from the nine analysts that are covering the stock. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average…