Crude Oil

MHB sees recovery in shipbuilding, heavy engineering segment | New Straits Times

KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) sees signs of recovery in the shipbuilding and heavy engineering segment of the upstream oil and gas (O&G) industry, due to stronger oil prices. MHB managing director and chief executive officer Wan Mashitah Wan Abdullah Sani expects more jobs to be available in the market that the company can tender for.

Robots in dockyards: Shipbuilders automate to cut costs

Bloomberg SINGAPORE (Bloomberg) A robot invasion is underway in one of the last labor-intensive industries shipbuilding. In search of lower costs and speedier construction times, Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. are embracing automation to build critical sections of their giant container ships, some of which extend 400 meters in length.

One Missing in Offshore Vessel Fire off Sarawak

At 0300 hours Tuesday morning, a fire broke out on the survey vessel Geos off Kuala Baram, Sarawak. Local media report that an explosion in the ship's engine room sparked the blaze. 36 crewmembers were safely rescued, two were injured in the fire and one remains missing, according to the Malaysian Maritime Enforcement Agency (MMEA).

/R E P E A T -- Media Advisory - Another world first in sustainable transportation - Desgagnés chris

MONTREAL, April 16, 2018 /CNW Telbec/ - Mr. Louis-Marie Beaulieu, chairman of the board and chief executive officer of Desgagnés, a specialist in marine shipping of liquid bulk, dry bulk, general cargo and passengers, invites media representatives to the christening ceremony of the N/C Mia Desgagnés, the world's first polar class chemical oil-tanker fuelled by LNG.When:Tuesday April 17…

HARBO Technologies Launched a Revolutionary Oil Spill Blocking System at Interspill

LONDON, April 17, 2018 /PRNewswire/ -- HARBO launched its boom at Interspill 2018London with deployments on the Thames from HEBO Maritiem'sTideman boat.According to the company, T-Fence blocks spills before they spread since it is the only system in the world that is small and light enough to be installed at every potential spill site.
Shell agrees charter for AET LNG-fuelled Aframaxes

Shell agrees charter for AET LNG-fuelled Aframaxes

Shell and AET agree, the future is LNGAET Inc and Shell International Trading and Shipping Company have agreed the long-term charter of AET's two newbuild LNG dual-fuel Aframax tankers.AET's president, chief executive and dual-fuel advocate, Captain Rajalingam Subramaniam, said Shell is a longstanding and highly valued partner…

Kaman Aircraft (KAMN) vs. Hudson Technologies (HDSN) Head-To-Head Review

Kaman Aircraft (NYSE: KAMN) and Hudson Technologies (NASDAQ:HDSN) are both small-cap industrial products companies, but which is the better investment? We will compare the two companies based on the strength of their analyst recommendations, institutional ownership, earnings, dividends, profitability, risk and valuation.

Navy, NPA impound 2 vessels over illegal oil transfer

Business News of Monday, 16 April 2018Source: 2018-04-16The tanker, Mt Mammy Mary, docked at the oil jetty at the Tema Port after it was arrested.The Eastern Naval Command and the National Petroleum Authority (NPA) last Saturday impounded two Nigerian oil tankers near the Tema Port for allegedly engaging…

Global Chemical Tankers Market 2018- Bahri, Stolt-Nielsen, Odfjell, Navig8

The Global Chemical Tankers Market 2018 report is detailed study of overall Chemical Tankers market including introduction of product, definition, scope, Chemical Tankers global sale, and forecast up to 2025. The Chemical Tankers Market report is the extensive analysis of the Chemical Tankers industry based on the primary and secondary in-depth research.

DVIDS - News - John C. Stennis Carrier Strike Group Cruiser-Destroyer Warships Underway for Surface

SWATT events focus on advanced tactical training at sea to improve warfighting proficiency, lethality, and ship interoperability before integrated phase training with other elements of the CSG. The exercise is the third SWATT led by Naval Surface and Mine Warfighting Development Center (SWMDC), and the second of the CRUDES…

Global 4.3% CAGR Marine Propulsion Engine Market Share Forecast 2024

Increase in R&D by the OEMs will boost capacity handling requirements and ship power which in turn will positively impact the product offerings. Rapid innovations will result in energy efficient and powerful products for the shipping industry. Decrease in consumption of fossil fuel and development of electric motors may…

New Decommissioning Barge Concept

Longitude Engineering (Longitude), part of the London Offshore Consultants (LOC) Group, has developed a new decommissioning barge concept for the removal of small oil and gas platforms for the PTT Exploration and Production (PTTEP), a subsidiary of the Thai state-owned oil company.The primary aim of the works was to develop…

Diamond Offshore Drilling: Preparing For A Recovery - Diamond Offshore Drilling Inc. (NYSE:DO)

Diamond Offshore Drilling (DO) looks like an attractive buy at current levels as its share price trades at historically low levels, while the underlying fundamental environment is improving. Its share price has been decimated in recent years due to the global financial crisis weighing on global growth, as well as the oil price decline from 2014-2016.

New Jersey ready to ban offshore drilling, thwart Trump plan

New Jersey is prepared to thwart President Donald Trump's plan for offshore oil and gas drilling by enacting a ban on such activity or its supporting infrastructure in state waters.The state Assembly gave final legislative approval Thursday to a measure banning not only drilling in state waters, but any activity that supports it…

U.N. Agency Agrees to Path for Shipping Emissions Cuts

The U.N. agency responsible for global shipping took its first halting steps toward greenhouse gas regulation Friday, despite the objections of the Trump White House.Sixty-five countries, led by the European Union and Pacific islands, succeeded in shepherding a resolution through the International Maritime Organization…

Forum Energy Technologies (FET) and Pioneer Energy Services (NYSE:PES) Critical Analysis

Pioneer Energy Services (NYSE: PES) and Forum Energy Technologies (NYSE:FET) are both small-cap oils/energy companies, but which is the superior business? We will contrast the two businesses based on the strength of their earnings, profitability, institutional ownership, valuation, dividends, analyst recommendations and risk.