Offshore Energy News

Michigan Headlines - Hometownstations.com-WLIO- Lima, OH News Weather Sports

The state is spending $40,000 to help remove nearly 20,000 scrap tires in Genesee County.More >>The state is spending $40,000 to help remove nearly 20,000 scrap tires in Genesee County.More >>Authorities have charged two men and a woman with murder and kidnapping in the abduction and killing of a 13-year-old Detroit boy.

Trump Administration Proposes Rollback of Offshore-drilling Safety Regulations

For Immediate Release, April 27, 2018Trump Administration Proposes Rollback of Offshore-drilling Safety Regulations Revisions Hit Blowout Preventer Rule Enacted After Deepwater Horizon DisasterWASHINGTON The Trump administration today moved to weaken another offshore drilling safety rule enacted after the BP Deepwater Horizon disaster, the worst environmental catastrophe in U.S. history.

U.S. seeks revision of rule on offshore oil wells made after BP disaster | Energy & Oil

WASHINGTON, April 27 (Reuters) - The Trump administration on Friday proposed relaxing a rule on offshore oil wells that was finalized after the 2010 BP Plc disaster and crude spill in the Gulf of Mexico, as part of its effort to slash regulations it considers burdensome on industry. The exact revisions to the 2016 well…

Energy Voice | North-east got to be ready for decomm projects, says well expert

Decomm North Sea’s chief executive, Tom Leeson, said yesterday that the growing north-east decommissioning sector has “got to make sure that we’re ready for projects” if it is to capitalise on what could be a boom in North Sea decomm contracts.Speaking during a Society for Underwater Technology (SUT) lecture at Aberdeen University…

Houston Mechatronics to showcase multipurpose underwater robot at Xponential 2018

Aquanaut is a multipurpose subsea robot which employs a patented shape-shifting transformation from an Autonomous Underwater Vehicle (AUV) to a Remotely Operated Vehicle (ROV), removing the need for vessels and tethers. The vehicle enables both the collection of data over long distances as well as manipulation of subsea…

Resilient Market Spurs Aker Solutions's Earnings

Norwegian oil services company Aker Solutions reported strengthened earnings for the first quarter of 2018 as orders almost doubled from a year earlier amid increasing signs of a market recovery."We are seeing increasing signs of a market rebound as lower break-even costs and higher oil prices spur project sanctions, particularly in Norway," said Aker Solutions Chief Executive Officer Luis Araujo.

We have an agreement on cutting emissions, now we need a strategy

Loud strains of the Hallelujah Chorus could be heard in London and around the world two weeks ago as a deal on greenhouse gases (GHGs) was agreed on at the IMO. Although you can never make everyone happy, consensus was achieved to halve shippings CO2 emissions from 2008 levels by 2050, begin reductions as soon as possible and work towards decarbonisation.

Louisiana gets $82 million for coastal restoration under Gulf of Mexico oil revenue | State Politics

WASHINGTON With the flourish of a marker across a human-sized check, Interior Secretary Ryan Zinke on Thursday signed off on the first major tranche of federal offshore oil revenue earmarked for Gulf states.Louisiana's cut of the $188 million pot: $82 million, the vast majority of it already set aside for coastal restoration…

Analyzing Dril-Quip (DRQ) and The Competition

Dril-Quip (NYSE: DRQ) is one of 14 publicly-traded companies in the “Oil & gas field machinery” industry, but how does it weigh in compared to its rivals? We will compare Dril-Quip to similar businesses based on the strength of its analyst recommendations, valuation, risk, earnings, institutional ownership, dividends and profitability.
ropax

Fast Ferry for Angolan Transport Ministry launched at Damen Shipyards

In a ceremony held at Damen Shipyards Singapore on 19 April, His Excellency, Dr. Augusto da Silva Tomás, Minister of Transport for the Republic of Angola officially launched the new Damen Fast RoPax Ferry 4812 ordered by the Ministerio dos Transportes through IMPA (Instituto Marítimo e Portuário de Angola). The vessel will…

Ainhoa Sanchez/Volvo Ocean Race

Your Volvo Ocean Race Sponsors | April 26, 2018

Ainhoa Sanchez/Volvo Ocean Race The sponsorship for Vestas 11th Hour Racing, Newports hometown team in the Volvo Ocean Race, comes from a partnership between two organizations that emphasize stewardship in sustainability. Vestas is a Danish global wind systems company that manufactures, sells, installs, and services wind turbines.

Sunlight Reduces Effectiveness Of Dispersants Used To Clean Up Oil Spills

Scientists call for new look at chemical dispersantsA new study shows that sunlight transforms oil spills on the ocean surface more quickly and significantly than previously thought, limiting the effectiveness of chemical dispersants that break up floating oil.A research team funded by the National Science Foundation (NSF)…

Teekay Offshore Partners (TOO) Lifted to Hold at Zacks Investment Research

Teekay Offshore Partners (NYSE:TOO) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday. According to Zacks, “TEEKAY OFFSHORE PARTNERS L.P. is a publicly-traded master limited partnership formed by Teekay and is an international…

Pay it Forward | Homer News

The idea behind “pay it forward” is an old one, but it’s more appropriate today than ever.At the most basic level, it means if someone does something nice for you, don’t repay them, but instead “pay it forward” to others. Somebody pulled you out of the ditch? Do the same for the next person. That way, good will flows back into the community.

From Siberia, an Unlikely Cry: We Need Greenpeace Out Here!

With highways made of ice, including the icy surfaces of deep lakes and rivers, all it takes is one pleasantly warm spring day for the highway to vanish. Every year, officials say, at least one big rig goes through the ice of a lake or big river.The danger is always with the daring truck drivers, said Aleksandr A. Kondratiev…

BRIEF-Offshore Oil Engineering Says Q1 Net Loss Widens To 360.2 Million Yuan

April 26 (Reuters) - Offshore Oil Engineering Co Ltd :* SAYS Q1 NET LOSS WIDENS TO 360.2 MILLION YUAN ($56.91 million) Source text in Chinese: https://bit.ly/2JtwRbE Further company coverage: ($1 = 6.3295 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

Subsea Manifolds Market 2015 Global Top Industry Players Analysis and Forecast to 2020 – satPRnews

The global subsea manifolds market is examined in detail in a recent market research report published by Transparency Market Research. The report states that the market will expand at a moderate 5.6% CAGR between 2014 and 2020. As a result, the market will rise from a valuation of US$2.5 bn in 2013 to US$3.7 bn by 2020.The report is titled Subsea Manifolds Market – Global Industry Analysis…