Offshore Energy News

Siemens introduces lithium-ion battery for offshore operations

5/2/2018HOUSTON -- A clean, reliable power supply is critical for offshore oil and gas assets. Siemens is now applying its electrification experience in the marine industry to offshore oil and gas, with a focus on reducing emissions and risk in unforgiving operational environments.The companys advanced lithium-ion battery based solution…

National Oilwell Varco: Avoid For Now, Buy Baker Hughes - National Oilwell Varco, Inc. (NYSE:NOV)

IntroductionNational Oilwell Varco (NOV) is declining from recent highs and should be avoided, as drivers for continued growth do not appear to be present.SOURCEThey say a rising tide lifts all boats, and NOV is a prime example of this platitude. The shares of virtually all oilfield service companies have risen sharply over the last six months…

Head to Head Survey: Deep Down (OTCMKTS:DPDW) & DistributionNOW (DNOW)

Deep Down (OTCMKTS: DPDW) and DistributionNOW (NYSE:DNOW) are both small-cap oils/energy companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, earnings, valuation, risk, analyst recommendations, profitability and institutional ownership. Analyst RatingsThis…

Edited Transcript of FET earnings conference call or presentation 1-May-18 2:00pm GMT

Thomson Reuters StreetEventsMay 1, 2018Q1 2018 Forum Energy Technologies Inc Earnings CallHOUSTON May 1, 2018 (Thomson StreetEvents) -- Edited Transcript of Forum Energy Technologies Inc earnings conference call or presentation Tuesday, May 1, 2018 at 2:00:00pm GMTTEXT version of Transcript================================================================================Corporate…
Anthem, Inc. (NYSE:ANTM) Ratings Chart

Buckhead Capital Management Trimmed Anthem (ANTM) Holding; Gulf Marine Services PLC (LON:GMS) Covere

May 1, 2018 - By Natalie DaughtryAmong 6 analysts covering Gulf Marine (LON:GMS), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Gulf Marine had 47 analyst reports since August 12, 2015 according to SRatingsIntel. Canaccord Genuity maintained it with “Buy” rating and GBX 60 target in Monday, October 3 report.

Your Subsea News | Baker Hughes enters strategic agreement for 14 drilling projects

W&T Offshore Inc. and Baker Hughes, a GE company announced a strategic partnership related to W&Ts joint exploration and development program, which includes 14 drilling projects, most of which are operated by W&T in the Gulf of Mexico.The project utilizes a commercial model that consolidates BHGE engineering, products and…

Nexans to supply umbilicals for $9bn Mad Dog 2 project in US Gulf of Mexico

EBR Staff WriterPublished 30 April 2018Nexans Norway has been selected to supply umbilicals and accessories for the BP-operated $9bn Mad Dog 2 project in the US Gulf of Mexico.Under the contract, Nexans will supply static and dynamic umbilicals and accessories for the second stage development of the Mad Dog offshore field and will be installed in depths from approximately 1…

Can Seaman Sue for Punitive Damages, Even After 'Miles'?

In the aftermath of the U.S. Supreme Court's 1990 landmark decision in Miles v. Apex Marine Corp., federal and state courts have grappled with whether a seaman has the right to recover punitive damages under a claim of unseaworthiness. Earlier this year, the Ninth Circuit Court of Appeals, in Batterton v. Dutra Group, joined…

May Top Growth Stocks – Simply Wall St News

Most investors find it challenging to find companies with prospective double-digit growth rates that are also financially robust. These hidden gems also add meaningful upside to a portfolio, should the companies meet expectations. If your holdings could benefit from diversification towards growth stocks, whether it be in reputable tech stocks or green small-caps…

Lebanese offshore oil and gas licensing round continues despite political crisis

BEIRUT (Reuters) - Lebanon's Energy Minister on Friday called on companies bidding in its first round of licensing to explore for oil and gas in its Mediterranean waters to begin technical discussions, suggesting the process would continue despite the political crisis.Prime Minister Saad al-Hariri resigned in a speech from Saudi Arabia last Saturday and has yet to return to the country…

Exxon Mobil Corporation Leads 6 Dividend Stocks Boosting Payouts

Brian Bollinger, Simply Safe Dividends,Rising bond yields and concerns over peaking earnings were enough to cause the S&P 500 Index to largely stagnate last week. However, a handful of leading businesses expressed optimism in the form of dividend boosts.These 6 notable dividend stocks increased their payouts over the last week.

Teekay Offshore Partners (TOO) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Teekay Offshore Partners (NYSE:TOO) from a strong sell rating to a hold rating in a research note released on Thursday. According to Zacks, “TEEKAY OFFSHORE PARTNERS L.P. is a publicly-traded master limited partnership formed by Teekay and is an international provider of marine transportation and storage services to the offshore oil industry.

Expro wins new technology award at OTC Houston

Leading international oilfield services company, Expro, has been recognised for its commitment to technological innovation after being awarded a Spotlight on New Technology™ award, at this year’s OTC Houston conference.Scrutinised by a panel of industry experts, these awards highlight the best technological innovations from businesses around the world…

Evacuations lifted, road still closed after chemical tanker cras

Evacuations have been lifted but a road remains closed after a tanker crashed in Stamford Monday morning.According to Stamford police, Fairfield Avenue is closed between Selleck Street and Sunnyside Avenue.Police and fire officials ordered a mandatory evacuation for a multi-block area before noon on Monday, which included most of Sunnyside Avenue…

UPDATE 1-Saipem scouting around as Subsea 7 bid makes waves | Energy & Oil

(Recasts, adds CEO comments, shares) By Stephen Jewkes MILAN, April 24 (Reuters) - Italian oil services group Saipem is looking round for growth opportunities after a bid by rival Subsea 7 for U.S. contractor McDermott sent waves through the sector. “The bid is a sign of consolidation in the sector that needs to be monitored closely…

OMV awarded stake in Abu Dhabis SARB and Umm Lulu oil concession for $1.5bn

EBR Staff WriterPublished 30 April 2018Abu Dhabi National Oil Company (ADNOC) had awarded a 20% stake in Abu Dhabis Satah Al Razboot (SARB) and Umm Lulu offshore oil concession to Austrian oil and gas group OMV.OMV, which is part-owned by a subsidiary of Abu Dhabi’s Mubadala Investment Company, has contributed a participation…

Lamprell upgrades Haven for Statoil work

United Arab Emirates-based shipyard Lamprell has completed the upgrade of the jack-up unit Haven as an accommodation service vessel for Statoils under-development Johan Sverdrup field off Norway. Lamprell said on Monday that the unit has been delivered to Jacktel, a wholly owned subsidiary of Master Marine, within budget and as scheduled.

Wintermar Offshore (WINS.JK) 1Q2018 Owned Vessel revenue jumps 48% to US$14M

Wintermar Offshore (WINS.JK) 1Q2018 Owned Vessel revenue jumps 48% to US$14MJAKARTA, Apr 30, 2018 - (ACN Newswire) - Wintermar Offshore Marine (WINS.JK) has announced 1Q2018 results. Driven by an improvement in vessel utilization, Owned Vessel revenue jumped 48% to US$14 million, compared with a loss of US$0.3 million in 1Q2017.