Oil Rig News

UK Oil And Gas May Struggle Without New Discoveries

2017 trends for UK offshore production were disrupted by the stoppage in the Forties pipeline in December, which took several hundred thousand barrels of oil equivalent per day off line. Overall average oil production for the year dropped 61 kbpd (6.4 percent) and natural gas (including NGPLs) barely changed with an 800 boed drop.

Destined to Sail with Pride

The man who grew up to be the captain of Pride of Baltimore II, one of the great tall ships of our age, started his sailing career in Annapolis in the late 1960s.Jan Miles grew up in a family that sailed for fun, mostly overseas where his father was stationed as a foreign service officer. When the family retired to Annapolis…

Critical Contrast: Overseas Shipholding Group (OSG) versus Safe Bulkers (SB)

Overseas Shipholding Group (NYSE: OSG) and Safe Bulkers (NYSE:SB) are both small-cap transportation companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, institutional ownership, risk, analyst recommendations, profitability, valuation and dividends.

Al-Falih – Kallanish Energy News

Saudi Arabia’s oil minister, Khalid Al-Falih, said Wednesday the attack on a Saudi crude tanker on April 3 will not impact the kingdom’s oil supply, nor affect its economic activities, Kallanish Energy learns.The believed-to-be vessel Abqaiq was hit by an Iran-allied group in Yemen, Houthi, on Tuesday, off Yemen’s main port of Hodeidah, in international waters.

Canada mum on plans to cut shipping emissions despite claiming leadership

OTTAWA—The United Nations group that regulates the international shipping industry is being asked to cut emissions from the cargo ships, oil tankers and other vessels that crisscross the world’s oceans, as they threaten to become the single-largest source of planet-warming greenhouse gases.Canada, however, is being secretive…

Mineral oil sheen not detected after spill in Straits of Mackinac

MACKINAW CITY, Mich. (WLUC) - UPDATE: A Coast Guard marine science technician and an environmental quality analyst for Michigan's Department of Environmental Quality surveyed the Straits of Mackinac onboard a vessel this afternoon. The responders did not identify any mineral oil sheens, signs of pollution, or adverse impacts to the environment or wildlife.Members of the U.S.

Accidents just waiting to happen off the B.C. coast

In 1978, I was a cameraman on a documentary for the CBC called ‘Tankerbomb.’We travelled on a U.S.A. supertanker from Valdez, Alaska to Cherry Point, Washington. The supertanker had a deck the size of three football fields and it takes four miles to make a turn and 17 miles to come to a stop.We documented how a very sophisticated…

Omega Protein Corp. (OME) Upgrade at Zacks Investment Research

Omega Protein Corp. (NYSE:OME) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday. According to Zacks, “Omega Protein Corporation, headquartered in Houston, is one of the nation’s leading producers of edible fish oil, which is high in nutritionally desirable Omega-3 fatty acids and is used in a variety of food products.

Devastating Indonesian Oil Spill Catches Fire, Killing Five

On March 31st, a pipeline on the east coast of the Indonesian island of Borneo burst in just over 80 feet of water. The pipeline, owned by an oil company called Pertamina, transferred crude oil from East Kalimantan, Borneo to a refinery in Balikpapan. According to reports, the damage occurred when a coal ship dropped anchor…

Your Subsea News | STL launches pioneering 3D visualisation service to global market

Friday, Apr 06, 2018 Based in Aberdeen, STL (Subsea Technologies Limited) provides pioneering subsea equipment and technical advisory services, ranging from concept development and design engineering to project management and operations support.The company has now unveiled its market-leading visualisation offering…

Petrobras to Double Drilling Rigs Operating by 2017  | Rigzone

Petrobras|Thursday, August 14, 2008TweetDuring the presentation of the 2Q08 financial and operating results made on August 13, 2008, to the members of the Capital Market Investment Analyst and Professional Association (ABIMEC), Petrobras' CFO, Almir Barbassa, announced the Company intends to put new offshore drilling rigs…

Oil spill fire chokes Indonesian port city; 4 dead | World

JAKARTA, Indonesia (AP) Waters off an Indonesian port city reek like a gas station after an oil spill and fire that killed four people over the weekend, an official said Wednesday.Balikpapan city secretary Sayid Fadli said that the city on the island of Borneo was in its third day of a state of emergency following the…

U.N. quietly steps up inspection of aid ships to Yemen

GENEVA (Reuters) - The United Nations is beefing up its inspections of ships bringing humanitarian aid to Yemen to ensure that no military items are being smuggled and to speed delivery of desperately-needed relief supplies, U.N. and Saudi officials say. A ship unloads a cargo of wheat at the Red Sea port of Hodeida, Yemen April 1, 2018.

Bahri's 'NCC Amal' transports first chemical shipment from Aramco Trading Company

Bahri, a global leader in logistics and transportation, announced the transportation of the first chemical shipment from Aramco Trading Company (ATC), a wholly-owned subsidiary of Saudi Aramco that trades refined, liquid chemical and polymer products, via NCC Amal, a 45,000 DWT Bahri chemical tanker which left Port of Rabigh heading to China.The shipment…

Four marine refuelling barges seized in Singapore over unpaid debt to Maybank

SINGAPORE: Four marine refuelling barges owned and operated by Vermont UM Shipping Pte Ltd were seized in Singapore on Monday night, according to the website of Singapores Supreme Court.Singaporean law firm Rajah & Tann seized the vessels over unpaid claims on behalf of its client, Malayan Banking Bhd (Maybank), said a…

Karachi Port Trust (KPT) Ships Movement And Cargo Handling Report 04 April 2018

the last 24 hours, ending at 0700 hours on Wednesday. hours closed at 238,890 tonnes. during the said period. Commodity wise handling in metric tonns is given below.