Offshore Energy News

Weekend Action: What to do around Philadelphia, Jersey Shore, Delaware and Lehigh Valley for May 25,

Tamala Edwards zips around the region highlighting some top weekend activities for all ages.TALL SHIPS FESTIVALA fleet of majestic ships is sailing into Philadelphia for a five-day celebration. The 2018 Sail Philadelphia festival offers waterfront fun, ship tours, and sailing excursions along the Delaware River through Memorial Day.

Offshore Ship Designers Changes Its Name To OSD-IMT

The Netherlands based naval architecture and marine engineering firm Offshore Ship Designers (OSD) announced it has changed its company name to OSD-IMT.The company said the name change aims to leverage the strength of both OSD and IMT. IMT is the signature brand-name for vessels designed by OSD’s U.K. branch, which was already named OSD-IMT.

Dallas businessman dubbed ‘Frack Master’ charged with fraud

DALLAS (AP) A Dallas oil and gas businessman who dubbed himself the “Frack Master” has been charged with money laundering and fraud after regulators accused him and others of defrauding investors of about $80 million.Christopher Faulkner, who made appearances on cable TV to discuss oil and gas topics, was arrested Monday at Los Angeles International Airport on charges filed in Texas…

Oil falls ahead of expected OPEC deal to raise supply

NEW YORK (Reuters) - Oil prices fell on Thursday as crude producers appeared to be nearing a deal to increase production at an OPEC meeting in Vienna on Friday, but pared losses after a report of a large stockpile draw at a key storage in the United States. Oil tanker is seen at sunset anchored off the Fos-Lavera oil hub near Marseille, France, October 5, 2017.

Nelson hits Scott in new ad campaign, "Scott is Not for Florida"

U.S. Sen. Bill Nelson launched a new ad blitz Thursday highlight Gov. Rick Scotts investments in companies opposed to climate change regulations.The Scott is Not for Florida campaign includes a new ad, Oil Slick, as well as the accounts @NotForFlorida on Twitter and Instagram and the Rick Scott is Not for Florida Facebook page…

JDR to supply cables for 120-MW wind project off Taiwan

June 21 (Renewables Now) - UK subsea cables provider JDR Cable Systems said on Wednesday it will supply inter-array, export and land cables for Taiwan's first commercial-scale offshore wind farm, Formosa 1.Phase one of the Formosa 1 development consists of two operational turbines totalling 8 MW and the second phase will see the installation of another 120 MW of turbines.

Safe Bulkers: 8% Yielder That Looks Quite Appealing On The Surface - Safe Bulkers Inc. (NYSE:SB)

Safe Bulkers (NYSE:SB) provides marine drybulk transportation services worldwide. Distributing 8% a year and currently undervalued, I believe that this name will, a priori, please investors. However, in my view, the fact that the companys Board of Directors is not independent and the future contractual obligations make the investment very risky.

AP Moller Holding pushes geothermal energy agenda

Robert Maersk Ugglas AP Moller Holding is looking to develop Denmarks first large scale geothermal heating project and has teamed up with specialist Danfoss.The private investment company believes geothermal energy has the potential to provide 30% of the nations district heating, which would run to 500,000 households.AP…

Billionaire Fredriksen invests in Norway data center, transatlantic cable | News

Wednesday, June 20, 2018 5:29 a.m.

Next gen binoculars increase survivability for Recon, EOD Marines > The Official United States Marin

WASHINGTON, D.C. -- Marines will have better situational awareness on missions in dark areas thanks to new night vision goggles.The Binocular Night Vision Goggle II, or BNVG II, is a helmet-mounted binocular that gives operators improved depth perception at night, and uses white phosphor Image Intensification technology to amplify ambient light, with a modular thermal imaging overlay capability.
HUGIN AUVs in the hangar on the Seabed Constructor.

The Growing Range of Uses for Unmanned Systems

Traditional manned survey vessels are often unsuitable, inefficient or incapable of completing a successful survey in challenging locations. In nearshore areas that are difficult to reach for ships and their launches, for example, attempting to conduct hydrographic surveys can pose hazards to both personnel and equipment. Unmanned systems offer a feasible solution in such situations.

Sea foils ship mission - Telegraph India

Calcutta: Choppy waters on Sunday forced a salvage team aboard a tugboat to give up attempts to get close to the abandoned cargo ship that caught fire four days ago near the Sunderbans coast.The team was approaching MV SSL Kolkata on a Calcutta Port Trust vessel when heavy shoaling in the Bay of Bengal - it is the effect…

Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back

WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world’s two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind. Trump laid out a list of more…

General Motors Chief Talent Officer on Innovation at Scale

Originally published by Bob Sutton on LinkedIn: Yes, That Elephant Can Dance: General Motors Chief Talent Officer on Innovation at ScaleThe challenge of injecting innovation into large, staid, and stalled organizations has long vexed leaders, consultants, and academics. The list of failed efforts goes on and on, including Yahoo!…

X-rays and soy on front lines of US-China trade spat | Business

BEIJING (AP) President Donald Trump is hiking the price of Chinese-made forklift trucks and X-ray machines for American buyers.They are part of a $50 billion list of Chinese exports targeted for a 25 percent tariff hike in response to complaints Beijing steals or pressures foreign companies to hand over technology.The list of 1…

Keppel sets new pledge to cut carbon emissions by 28.8% from 2010 levels by 2030, Companies & Market

KEPPEL Corp has set a new long-term target of cutting its carbon emissions intensity by 28.8 per cent from 2010 levels by 2030 in its global operations.The new goal is atop Keppel's previous 2014 goal of hitting a 16 per cent improvement in carbon emissions from 2020 business-as-usual levels, the conglomerate said in its latest sustainability report.

Lebanon approves first offshore oil and gas exploration

Energy Minister Cesar Abi Khalil, pictured in April 2017, said Lebanon will defend its right to drill off its coast (AFP Photo/ERIC PIERMONT)MoreBeirut (AFP) - Lebanon on Thursday approved a first bid from an international consortium including France's Total, Italy's ENI and Russia's Novatek to explore for oil and gas off…

To extend or end asset life — which is best?

Asset management software trends COMPARESOFT reports that the convergence of Bring your Own Devices, a technology-savvy workforce and the influx of multiple data flows have made asset-intensive industries lean heavily on technology and as a result, asset-intensive industries are tackling asset management differently from…

6 Cheap Stocks to Buy Under $6

Stock markets finished lower Thursday as traders responded to a surprisingly hawkish turn by the worlds three major central banks over the past 24 hours. Today, the Dow Jones Industrial Average looks to open sharply lower as Trumps trade war with China manifests a $100 billion round of tariffs on Chinese goods.Theres a lot to digest.The Federal Reserve raised interest rates again this week…