Crude Oil

PHOTO RELEASE--Huntington Ingalls Industries Newport News Shipbuilding Division Breaks Ground on 16t

NEWPORT NEWS, Va., April 24, 2018 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) Newport News Shipbuilding division hosted a ground-breaking ceremony on Monday for the 16th home it will build in collaboration with Habitat for Humanity Peninsula and Greater Williamsburg.The new home build in the southeast community of Newport News will celebrate the lives of Everett H.

Blockchain on Verge of Revolutionizing Shipping Industry

Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents.That last throwback to 19th-century trade is about to fall. A.P. Moeller…

Weatherford Reports First Quarter 2018 Results

First Quarter 2018 HighlightsSegment operating income improved by 145% year-over-year Successfully extended 2019 and 2020 debt maturities through closing a private offering of $600 million in senior notes Estimated recurring benefit of $108 million in annualized cost savings and $41 million in one-time benefits as part…

Iran's Apr LPG exports jump to about 500,000 mt, second highest post-sanctions

LPG shipments scheduled to be lifted from Iran in April rose further to around 500,000 mt, almost matching January shipments of 520,000 mt which was the highest volume since Western sanctions against the Middle Eastern producer were removed in January 2016, shipping sources said.The April shipments were almost up 14% from…

Wrecks, rafts and replicas: Scandinavia's remarkable maritime museums | Travel

Scandinavia's Viking days may be long gone, but its legacy of maritime exploration (and plunder) continues to capture our imagination. Tap into the region's seafaring heritage by visiting excellent museums in Stockholm, Oslo, and just outside Copenhagen.Scandinavia's entrance into civilized Europe was swift and dramatic.

Shell to Deploy New Design in Mississippi Canyon  | Rigzone

by  Rigzone Staff|Tuesday, April 24, 2018TweetShell, Statoil to proceed with eight-well subsea project southeast of New Orleans.Shell Offshore, Inc. will proceed with the Vito deep-water development in the U.S. Gulf of Mexico.The Royal Dutch Shell plc subsidiary’s final investment decision, which assumes a break-even price below $35 per barrel…
UP NEXT

Why You Should Make Pizza At Home

© Provided by TIME Inc.I have a new bae in my life and making pizza is our favorite activity to do together. Its a perfect meal that incorporates our individual preferences, and the relatively quick process wont have us lingering in the kitchen for hours on end. We never create the same pizza twice. He has his way of doing the things, and I have my way.

Energy Voice | Subsea 7 'aims for SURF throne' with McDermott takeover bid

Subsea 7s £1.4billion takeover bid for McDermott represents a move to assume the throne for the global subsea umbilicals, risers and flowlines market (SURF), according to analysts Rystad Energy.UK-based oil services firm Subsea 7 yesterday confirmed it had made a rejected move for the US rival, which was rejected, in a…

GAC South Africa expands into Port Elizabeth

GAC South Africa has opened its fifth branch, to provide a portfolio of shipping services for oil & gas projects and LPG shipments at Port Elizabeth as well as its neighbouring port Ngqura (Coega).GAC has served customers with vessels calling at Port Elizabeth through a sub-agent for more than 10 years, and is now expanding…

Why McDermott International, Box, and Hanesbrands Jumped Today

Dan Caplinger, The Motley Fool,Wall Street started the week on a muted note on Monday, as major benchmarks generally closed slightly down. Much of the attention among investors was on the bond market, where 10-year Treasury yields rose as high as 2.99%, signaling to some the possibility of much higher financing costs that…

19 Oil Tankers Held Hostage Off Yemeni Coast

The Yemeni Houthis have captured 19 oil tankers and are keeping them from entering the Hodeidah port, according to reports from Saudi media quoting the Kingdoms ambassador in Yemen.The ambassador suggested three possible reasons for the detention, including an attempt to extract money from the owners of the vessels, the continued starvation of the Yemeni people…

Bihar: At least 15 killed in separate road accidents in Bihar in last 24 hours | Patna News

PATNA: At least 15 persons were killed and several others were injured in separate road accidents in Patna, Purnia, Khagaria and Muzaffarpur in the past 24 hours. In the first incident, five persons were killed and seven others were grievously injured after a truck collided with an auto-rickshaw on NH-30 near Maner Bazaar under Maner police station area in Patna on Sunday.

Subsea 7 offers $2 bln for peer McDermott, says CB&I deal should be scrapped

OSLO, April 23 (Reuters) - Offshore oil services firm Subsea 7 has offered to buy U.S. peer McDermott for about $2 billion, it said on Monday, adding that its approach had so far been rejected.McDermott, which last year agreed to buy onshore-based engineering company Chicago Bridge & Iron (CB&I), could receive an even higher bid if it agrees to enter talks…

Libya Says It's Yet to Approve Total's Deal for Marathon Assets

French oil giant Total SA said last month it had acquired Marathon Oil Corp.’s assets in Libya in a $450 million deal. Not so fast, says the country’s state energy company.Libya’s National Oil Corp. hasn’t yet approved the transaction and is “discussing arrangements” for the proposed sale with the country’s presidency council, Chairman Mustafa Sanalla said Monday.

Litasco arrests two Palmali Shipping tankers

Russian oil trader Litasco has had two Palmali tankers arrested over non-payment of bunker bills.The subsidiary of energy group Lukoil has seized the 19,800-dwt Bozdag (built 2002) in Tallinn, Estonia, and the sistership Natig Aliyev in Denmark.Litasco confirmed the arrests to TradeWinds but declined to comment further.TradeWinds…

NORWEGIAN STOCKS-Subsea 7 rises after making hostile bid for McDermott

OSLO, April 23 (Reuters) - * Norwegian shares traded up on Monday * Oslo's benchmark index rose 0.63 pct, or 5.26 points, to 851.43 points and was up by 3.89 pct year-to-date * The broader Oslo All Share Index was up 0.67 percent * Brent crude futures, a trigger for the oil heavy Oslo Bourse, fell $0.37 to $73.69 a barrel…