By Rose Kim and Jungah Lee (Bloomberg) — The world’s three biggest shipbuilders posted a combined 4.8 trillion won ($4.1 billion) in operating losses in the second quarter, paying the price for a failed foray into deep-sea oil rigs. Show More Summary
By Marco Bertacche and Dan Liefgreen (Bloomberg) — Saipem SpA, Italy’s biggest oil and gas contractor, will cut jobs and exit businesses as writedowns led to an unexpected loss and an earnings target reduction. The company, controlled...Show More Summary
By Mark Drajem (Bloomberg) — Royal Dutch Shell Plc received limited permits to drill two wells off Alaska’s Arctic coast, leaving the company still short of its desire to tap into the offshore oil reserves. The U.S. Interior Department approved Shell’s applications to drill in the Chukchi Sea, while saying the company may not […] The post U.S. Show More Summary
Vallianz Holdings Limited a fast growing provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has signed new
More offshore oil wells in the Gulf of Mexico are being abandoned with only temporary seals than in 2010, despite efforts by the Obama administration to push companies to permanently seal idling wells after the disastrous BP spill that...Show More Summary
It was two years ago today that the Deepwater Horizon—a top-of-the-line offshore drilling rig owned by BP and run by Transocean—experienced a sudden burst of gas from a three-mile long well its crew was drilling in the Gulf of Mexico, 40 miles south of the Louisiana coast. The combustible methane rushed up the well and [...]
Local divers and a commercial salvage company worked together in Seattle this week to remove debris left behind at a popular dive site by environmental activists during the recent protests against Shell’s offshore oil drilling in the arctic. Show More Summary
Iran’s first tanker to leave the country’s waters has reportedly sailed off to Asia loaded with two million barrels of oil; this is apparently the first vessel storing crude offshore to leave Iran since the nuclear deal was reached between Tehran and the six world powers on Tuesday.
Refugio State Beach in California, which was sullied by a large oil spill in May, is scheduled to reopen on Friday. Over 100,000 gallons of oil leaked from a corroded pipe operated by Plains All American Pipeline on May 19, and at least 20,000 gallons ended up in the Pacific Ocean. Show More Summary
An Iranian supertanker with two million barrels of oil is heading to Asia after sitting in Iranian waters for months, the first vessel storing crude offshore to sail after a nuclear deal this week,
By Jonathan Saul LONDON, July 16 (Reuters) – An Iranian supertanker with two million barrels of oil is heading to Asia after sitting in Iranian waters for months, the first vessel storing crude offshore to sail after a nuclear deal this week, data showed on Thursday. Show More Summary
Adam Williams, Andrea Navarro and Eric Martin (Bloomberg) — Mexico’s first auction of offshore oil leases fell short of the country’s expectations as several majors decided not to participate and only two of 14 blocks received qualifying bids. Show More Summary
The myth of oil exploration coming to the rescue of a failing economy: For years, Newfoundland and Labrador were known for being net recipients of financial aid from other Canadian provinces. As the fishing industry struggled, they steadily...Show More Summary
Two workers died at a construction project at a Brazilian oil terminal operated by state-run Petrobras on Tuesday, adding to a string of fatal and life-threatening accidents,
CARACAS (Reuters) - Venezuelan President Nicolas Maduro on Monday said he was calling in the country's ambassador in neighboring Guyana for consultations amid an escalating row over oil exploration in a disputed offshore territory.
China National Offshore Oil Corporation (CNOOC) has taken delivery of Asia’s first tugboat Hai Yang Shi You 525, designed to operate solely on liquefied natural gas.. Hai Yang Shi You 525 is the first of two tugs built by the Zhenjiang shipyard for CNOOC. Show More Summary
French oil firm Total will decide how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block over the next two days,
Drydocks World the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors marked a major milestone in successfully
China National Offshore Oil Corporation (CNOOC) has taken delivery of Asia’s first tugboat Hai Yang Shi You 525, designed to operate solely on liquefied natural gas as ship’s fuel.
California regulators released a final environmental review yesterday that found fracking has “significant and unavoidable impacts” — less than a week after they approved nine new offshore frack jobs. The state’s Division of Oil, Gas...Show More Summary