Crude Oil

Head-To-Head Survey: Forum Energy Technologies (FET) vs. Oil States International (NYSE:OIS)

Forum Energy Technologies (NYSE: FET) and Oil States International (NYSE:OIS) are both oils/energy companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, risk, earnings, dividends, valuation, profitability and analyst recommendations. Volatility and RiskForum Energy Technologies has a beta of 1.9…

Texas City hosts first supertanker as U.S. crude gushes out

LONDON (Bloomberg) -- A 2 MMbbl-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, according to vessel-tracking data compiled…

Your Subsea News | i-Tech Services and Leidos partner to drive subsea digitalisation

Friday, Apr 27, 2018 i-Tech Services, a Subsea 7 company, and Leidos announced a five-year digitalisation partnership agreement.The partnership will increase efficiencies in i-Tech Services Life of Field capabilities by providing clients with greater insights into operations through the field lifecycle. This relationship…

Surveyors rescued after boat flips in river near Oregon coast - KPTV

Two U.S. Army Corps of Engineers surveyors were rescued after their boat capsized near the mouth of the Chetco River in Brookings Wednesday.The survey boat Graham was conducting a routine survey at the north shore berm, just south of the Chetco River Jetty, when it flipped, the federal agency says.A good Samaritan who witnessed…
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The Benefits of Technology: Nick Brown of Lloyd's Register

MarEx recently spoke with Nick Brown, the director of marine and offshore for Lloyd's Register (LR), to learn more about the state of the market for autonomous navigation and cruise ship construction. LR is working with CSSC, Carnival and Fincantieri as they build the first cruise ship ever made in China.MarEx: The industry is abuzz about autonomous ships and shipboard monitoring technologies.

Subsea 7's Q1 lags, repeats guidance

OSLO, April 26 (Reuters) - Offshore oil services firm Subsea 7 posted first-quarter results that missed expectations due to lower activity but maintained its outlook for the year, sending its shares lower.Its adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to $103 million, lagging expectations for $157 million in a Reuters poll of analysts…

Unified Command approves plan to cap, seal severed utility cables

MACKINAW CITY, Mich. (WLUC) - The Unified Command approved a plan developed by American Transmission Company, contracting with Durocher Marine and T&T Subsea, to cap and seal the two severed utility cables in the Straits of Mackinac, Wednesday. Thursday, a tug, barge, and remotely operating underwater vehicle commenced operations to cap the ends of the two severed ATC utility cables.

NSWC Philadelphia hosts Puerto Rican co-op students while university rebuilds > Naval Sea Systems Co

PHILADELPHIA -- When Tony Morales watched Hurricane Maria devastate his hometown of Yabucoa, Puerto Rico, last September, he knew he had to help. Morales, a 35-year employee of NAVSEA in Philadelphia, helped launch a special co-op initiative for students affected by the Hurricane.Morales and other Naval Surface Warfare…

Bangladesh ships in its first LNG cargo

An Excelerate Energy floating storage and regasification unit arrived off Moheshkhali Island, near Cox's Bazar in Bangladesh, on Tuesday with the country's first cargo of LNG.The FSRU Excellence (built 2005) is the centrepiece of an LNG import project developed by state energy company Bangladesh Oil, Gas & Mineral Corp…

Louisiana gets $82 million for coastal restoration from Gulf of Mexico oil revenue-sharing deal | St

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…

Small, lightweight boats used to escape islands in the south

Last updated 05:00, April 27 2018SUPPLIEDThe coracle on the deck of the Hinemoa, with its canvas cover stripped off, probably recycled as shirts and trousers. Coracles have been used at least twice to effect escapes from islands in Southland. In the 1820s, a sealer, Jackie Price, and his wife Hineawhitia were marooned on Big Solander Island as punishment for stealing sealskins.

Tourists enjoy final day at beach before Boracay closure | World

BORACAY, Philippines (AP) Tourists are spending their final hours on Boracay, enjoying the Philippine island's famed white-sand beaches before it closes for up to six months to recover from overcrowding and development.Philippine President Rodrigo Duterte described the waters off Boracay as a "cesspool" before ordering the closure.

Freight Costs Rising; Delivering to Cars; Reeling Electronics Suppliers

Pain from the tight trucking market is stretching deeper into shipper supply chains this spring. Consumer packaged-goods companies say higher transportation costs are weighing on their earnings as they scramble to get goods to stores and distribution centers, and some see their concerns persisting through the rest of the year.

Stocks close mixed; Dow industrials end a losing streak

A late round of buying erased early losses on Wall Street, leaving major indexes mixed at the close of trading. Stocks got off to a weak start as investors worried that growing costs for raw materials along with rising interest rates would hold back profit growth for US companies.The Dow Jones industrial average fell as…

Edited Transcript of DSX earnings conference call or presentation 22-Feb-18 2:00pm GMT

Thomson Reuters StreetEventsApril 24, 2018Q4 2017 Diana Shipping Inc Earnings CallAthens Apr 24, 2018 (Thomson StreetEvents) -- Edited Transcript of Diana Shipping Inc earnings conference call or presentation Thursday, February 22, 2018 at 2:00:00pm GMTTEXT version of Transcript================================================================================Corporate…

New FPPC complaint targets GARCIA -- KOUNALAKIS hits the airwaves -- SAC BEE layoffs -- GOP's BAUGH

By Carla Marinucci ([email protected]) and David Siders ([email protected]om) with Candice Norwood ([email protected])THE BUZZ: FIRST IN PLAYBOOK -- Embattled state Assemblymember Cristina Garcia has repeatedly failed to document real estate and financial transactions as required by law including large real…