Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.
(Reuters) - Cobalt International Energy Inc said the proposed $1.75 billion sale of a 40 percent stake in two offshore oil blocks in Angola to the state oil company was terminated as it did not get the necessary approvals from the country's government. Show More Summary
China has taken over Scotland's oil production and now controls two of the North Sea’s biggest oilfields. According to The Times' analysis of China National Offshore Oil Corporation's (CNOOC) accounts, a CNOOC-owned company Nexen extracts nearly 200,000 barrels of oil per day across those two fields. Show More Summary
By Kwasi Kpodo (Reuters) Ghana began pumping crude from a second offshore field operated by British company Tullow Oil on Thursday, hoping the additional revenue will boost its flagging economy. The Tweneboa, Enyenra and Ntomme (TEN)...Show More Summary
The discovery of unpaid seamen trapped on an offshore oil supply vessel highlights the links between forced labor and the formal, legal global economy. The post Modern Slavery at Sea appeared first on Foreign Policy Blogs.
Ghana began pumping crude from a second offshore field operated by British company Tullow Oil on Thursday, hoping the additional revenue will boost its flagging economy.
by Catherine Traywick (Bloomberg) From 5,000 feet up, it’s difficult to make out where Louisiana’s coastline used to be. But follow the skeletal remains of decades-old oil canals, and you get an idea. Once, these lanes sliced through thick marshland, clearing a path for pipelines or ships. Show More Summary
SBM Offshore's first-half results lagged analysts' expectations on Wednesday as challenging conditions persisted in the oil industry and the Dutch oil services
By Alan Charlish Aug 10 (Reuters) – SBM Offshore’s first-half results lagged analysts’ expectations on Wednesday as challenging conditions persisted in the oil industry and the Dutch oil services company announced an additional 250 job cuts. Show More Summary
By David Yong and Andrea Tan (Bloomberg) — Singapore’s offshore oil services companies and marine engineering firms are leaving it too late to reorganize finances to survive an industry slump, raising the risk of steep losses on their bonds, a debt restructuring consultancy said. Show More Summary
by Matthew Braga (Bloomberg) Until recently, oil and gas kept robots moving in more ways than one. Fossil fuel companies looking to speed up exploration, drilling, construction, and maintenance work turned to heavy-duty underwater drones known as remotely operated vehicles, or ROVs, to keep their wells afloat. Show More Summary
By David Wethe (Bloomberg) — Transocean Ltd.’s profit dwindled in the second quarter as the world’s largest offshore driller struggles to win contracts and keep rigs busy during an oil industry downturn. Net income fell to $77 million,...Show More Summary
By Sabrina Valle (Bloomberg) — Keppel Corp.’s Brazil problems just keep growing. The world’s largest builder of offshore oil rigs has seen investments plummet in one of its most important markets. A major client, Sete Brasil Participacoes, has entered bankruptcy protection. Show More Summary
By Mikael Holter (Bloomberg) — Solstad Offshore ASA, a supply vessel company controlled by Kjell Inge Roekke, will merge with rival Rem Offshore ASA in the latest deal orchestrated by the Norwegian billionaire to take advantage of the collapse in crude prices. Show More Summary
When lease sales for offshore oil and gas drilling are held online, environmental protesters won't have a place to protest. The post Fossil Fuel Industry Finds a New Way to Stymie Protests appeared first on WIRED.
Production of oil still in troubled waters after South China Sea ruling By Enrico Dela Cruz The Philippines, eager to resume development of vital oil and gas reserves off its coast,
By Kyunghee Park (Bloomberg) — Keppel Corp., the world’s largest builder of oil rigs, posted a 48 percent drop in second-quarter profit as oversupply led to delivery delays for offshore projects, and said it doesn’t expect demand for rigs to return soon. Show More Summary
Glencore books the STI Grace tanker to store fuel at sea-traders. This has not been the summer many oil traders had expected after last year's bumper profits.
Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, will be launching and
By David Wethe and Rakteem Katakey (Bloomberg) — BP Plc has raised the total liability from the Deepwater Horizon oil disaster, which triggered the worst offshore oil spill in U.S. history, by $5.2 billion to $61.6 billion before tax. Show More Summary