Trend Results : Offshore Oil


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South Korea’s ‘Big Three’ Shipbuilders Post Record Loss as Offshore Downturn Bites

  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

Offshore Contractor Saipem to Cut 8,800 Staff After Unexpected Loss

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

U.S. Arctic Drilling Permits for Shell Stop Shy of Oil Zone

  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 Bags $ 458 Mln in Charter Renewals

  Vallianz Holdings Limited a fast growing provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has signed new

Since BP Spill, the Number of Gulf Oil Wells Abandoned With Temporary Seals Has Risen

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

Two Years After the Gulf Oil Spill, Why We Won’t Stop Drilling

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 [...]

Salvors Remove Debris From Seattle Dive Site Damaged by Environmental Activists

  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

First Iranian Tanker Sets Sail for Asia With 2 Mln Barrels of Oil

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.

CA Officials Green-light Offshore Fracking As Santa Barbara Beach Is Set to Reopen After Oil Spill

2 weeks agoNews : Vice News

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

First Iranian Ship Storing Oil Sails for Asia After Nuclear Deal

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,

First Iranian Supertanker Storing Oil Sets Sail After Nuclear Deal

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

Mexico’s First-Ever Offshore Oil Lease Auction Was A Huge Bust

  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

Offshore drilling: Industry propaganda vs reality

2 weeks agoUS Politics / Liberal : BlueNC

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 Dead in Petrobras Offshore Accident

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,

Venezuela recalls ambassador to Guyana amid territory dispute

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.

Ship Photos of the Day – MV Hai Yang Shi You 525, Asia’s First LNG-Powered Tug

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

Indonesia Expects Total to Decide on Mahakam within days

   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 Completes World’s Largest Turret

  Drydocks World the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors marked a major milestone in successfully

CNOOC Acquires Asia's 1st LNG Powered Tug

  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 Find Several “Significant And Unavoidable Impacts” Of Fracking, Approve Nine Offshore Frack Jobs Anyway

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

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