Offshore Energy News

First 2-Million-Barrel Supertanker Arrives at Enterprise Products Partners Terminal

From BloombergCrude oil shipment would be biggest ever from the port Offshore terminal LOOP recently began exporting cargoesA 2 million barrel-carrying supertanker arrived for the first time at a jetty in Texas City as surging U.S. oil output drives up incentives to export. The Nave Quasar, a Very Large Crude Carrier, signaled from the jetty at the Gulf of Mexico terminal on Friday morning…

The $20 billion 'umbilical cord': China unveils the world's long

By Sarah Lazarus CNN (CNN) -- As we drive down the eerily deserted Hong Kong-Zhuhai-Macau Bridge, the murky waters of the Pearl River Delta stretch as far as the eye can see. There is no land in sight.Spanning 34 miles (55 kilometers), this is the longest sea-crossing bridge ever built. Guo Xinglin, assistant director and senior engineer at the Hong Kong-Zhuhai-Macao Bridge Authority…

Russia says its sea-based nuclear power plant is safe. Critics call it a Floating Chernobyl.

If a Russian state-owned company has its way, remote regions of the world will soon see giant, floating nuclear reactors pumping power to port cities and drilling platforms in a real-life version of the Soviet reversal joke: In Russia, 70-megawatt nuclear reactor comes to you. The reactor in question is called Akademik Lomonosov.

Using the Pentagon's FYDP for Business Intelligence

Business developers pursuing contracts with the Defense Department need strategic and tactical intelligence about the Pentagon’s priorities. There’s no better source for such detailed program-level information than the annual budget request. The FYDP, thousands of pages of tables and text and charts in dozens of budget documents…

SNP-led Glasgow council urged to pull out of weapons fair

SCOTLANDS largest local authority is under fire over its decision to sponsor an event promoting some of the worlds biggest weapons manufacturers. Glasgow city council has been urged to drop its support for the Undersea Defence Technology (UDT) 2018 conference being held in the city next month and which will be attended by military suppliers such as BAE Systems and Leonardo.

MHB declares revenue of RM188.3 million in 1Q18

Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) has announced its financial results for 1Q18. The company achieved a revenue of RM188.3 million, with a pre-tax loss of RM25.3 million for the said period.The Heavy Engineering segment recorded a revenue of RM111.3 million against RM153.5 million in the same corresponding quarter last year.

Big Foot unit kicks in for Nabors

Land driller Nabor Industries saw net income drop slightly in the first quarter of 2018, but is looking to a rebound for platform units in the US Gulf of Mexico.The company at the start of April said it had commenced full operating rate on its MODS-400 deep-water platform rig at Chevrons Big Foot project in the deep-water…

BHGE making the most of its limited access to subsea sector

Baker Hughes has a strong presence in Malaysia, which is the headquarters of the companys oilfield services business, writes Amanda Battersby.It is the headquarters of our rotating equipment business, what we call the turbomachinery and process solutions... and we have been here for many years, says Visal Leng, the GE-controlled company's president…

Shiptek International Conference And International Maritime Awards 2018 Concluded Successfully

Organised by Biz Events Management, the two-day international conference on maritime, offshore and Oil & gas, SHIPTEK 2018, concluded successfully at Dusit Thani Hotel, Dubai on 1st 2nd May 2018. The conference was inaugurated by Mr. Hamad Al Maghrabi, MS Operations General Manager,Abu Dhabi Marine Services SAFEEN.Moving steadily into its successful 9th year…

Region's emergency responders drill for danger on the seas | Fishing Industry News

The Coast Guard cutter Key Largo was anchored out past Ten Pound Island on Thursday, near the section of Gloucester's Outer Harbor known as the Pancake Ground.But for the purposes of Thursday's mission, the Key Largo wasn't the Key Largo and it wasn't a Coast Guard cutter. On this day, as part of an expansive hazardous materials response drill…

Head to Head Review: Dorian LPG (LPG) versus Frontline (FRO)

Dorian LPG (NYSE: LPG) and Frontline (NYSE:FRO) are both small-cap transportation companies, but which is the better investment? We will contrast the two businesses based on the strength of their dividends, profitability, risk, earnings, analyst recommendations, institutional ownership and valuation. Analyst RatingsThis…

Solar spy drone can fly for a year without maintenance or fuel

A solar-powered spy drone that can fly for a year without maintenance or fuel could one day carry out missions for the British military.The Unmanned Aerial Vehicle (UAV) uses the sun to power its engines during the day as well as recharge its batteries for overnight operation.Known as Phasa-35, the aircraft could one day…

Head-To-Head Analysis: Helix Energy Solutions Group (HLX) & Oceaneering International (OII)

Oceaneering International (NYSE: OII) and Helix Energy Solutions Group (NYSE:HLX) are both oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, analyst recommendations, earnings, risk, institutional ownership, valuation and profitability. Institutional…

Respite To Dollar Short Squeeze

The euro bounced after being drilled to support in the $1.1930 area post-FOMC yesterday. The recovery has not been derailed by a shocking miss on the preliminary April CPI. Headline CPI slipped to 1.2% from 1.3%, but the more meaningful miss was the slump in the core rate to 0.7% from 1.0%. Recall that the core rate bottomed…

Energy Firms Will Build U.S. Gateway for World's Biggest Tankers

New U.S. crude export facilities on the Gulf Coast may bring the worlds troubled business of operating big tankers a needed new market for transporting oil.A trio of American energy logistics firms is preparing to build a terminal at the Port of Corpus Christi in Texas capable of handling very large crude carriers, or VLCCs, adding to a flurry of activity for U.S.

Maritime Journal | EMEC FORESEA tidal energy tripod decommissioning study

BeneVir Biopharm to be Acquired by Janssen Biotech for up to $1.04 Billion

NEW YORK, May 02, 2018 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (NYSE:HCHC), a diversified holding company, announced today that BeneVir Biopharm, Inc., a privately-held biotechnology company developing oncolytic immunotherapies for the treatment of cancer, has entered into a definitive agreement to be acquired by Janssen Biotech…

Noble Corp reports smaller quarterly loss

May 2 (Reuters) - Offshore drilling contractor Noble Corp Plc reported on Wednesday a smaller quarterly loss from a year earlier, helped by an 8 percent drop in expenses.Net loss attributable to Noble narrowed to $142.3 million, or 58 cents per share, in the first quarter ended March 31, from $301.7 million, or $1.24 a share…

Tidewater Subsea, L.L.C: Private Company Information

May 02, 2018 5:04 PM ETEnergy Equipment and ServicesCompany OverviewTidewater Subsea, L.L.C provides offshore service vessels and marine support services. The company was founded in 2013 and is based in New Orleans, Louisiana. Tidewater Subsea, L.L.C operates as a subsidiary of Tidewater Inc.601 Poydras StreetSuite 1500New Orleans…