Crude Oil

North American Shale Magazine - Buckeye, Trafigura bring Suezmax tanker to U.S. shale oil port

A Suezmax class vessel capable of shipping 1 million barrels of crude oil can now load along the ship channel in the Port of Corpus Christi. Buckeye Partners LP and Trafigura Trading LLC, announced the first Suezmax tanker—Suezmax Mt Astra—recently completed a loading in the channel. The ship was chartered by Motiva Enterprises LLC.

Two Leading Australia Fire Brigades Invest in New MSA Breathing

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected] MSAMSA Secures $10 Million Contract…

Oil traders will find Middle East power struggle harder to ignore

In the past 14 days Saudi Arabia, the worlds largest oil exporter, has faced a barrage of missiles aimed at its capital city, an attack on a supertanker hauling 2m barrels of crude, and a second missile launch aimed at oil storage tanks on its Red Sea coast.Oil prices, normally a reasonable barometer of geopolitical risk in the Middle East…

Total's Management Lays Out Why Its Stock Is a Buy

Despite the company's substantial operating improvements and improving income results over the past couple of years, shares of Total(NYSE: TOT) haven't exactly been a great performer. Total's stock is up 25% over the past five years, compared to a 64% gain for the S&P 500. Numbers like that don't incite much confidence…

Trump Administration Opens New Offshore Wind Leases

In a step to bolster the tapping of wind resources off the Eastern Seaboard, the Trump administration is planning to open more areas in the Northeast to build offshore wind farms.Click to expand/closeInterior Secretary Ryan Zinke appeared at a conference in Princeton on offshore wind Friday and announced plans to hold lease…

Critical Contrast: Teekay (TK) versus Its Peers

Teekay (NYSE: TK) is one of 44 public companies in the “Deep sea foreign transportation of freight” industry, but how does it compare to its rivals? We will compare Teekay to similar businesses based on the strength of its valuation, profitability, institutional ownership, dividends, earnings, analyst recommendations and risk.

Financial Comparison: Oil States International (OIS) & Forum Energy Technologies (FET)

Oil States International (NYSE: OIS) and Forum Energy Technologies (NYSE:FET) are both small-cap oils/energy companies, but which is the better investment? We will contrast the two companies based on the strength of their profitability, valuation, institutional ownership, analyst recommendations, earnings, risk and dividends.

Offshore Rig Builders Face New Reality

Last week Total announced that it was deploying the first offshore robots at a North Sea platform to test them as maintenance tools. Earlier, Shell inked a contract with an engineering firm to find ways of extending the life of its Leman Alpha offshore platform. Borr Drilling said this month that its $232.5-million acquisition…

BP Awards 3-Year Subsea Contract To C-Innovation

C-Innovation, LLC (C-I), an aliate of Edison Chouest Offshore (ECO) and its family of companies, has secured a three-year contract with BP Exploration & Production, Inc. (BP), the largest energy investor in the deepwater Gulf of Mexico.The contract encompasses subsea construction, inspection, maintenance and repair (IMR) and logistics services in the Gulf of Mexico.

Azerbaijan's Incumbent President Set Up for Easy Re-election

The presidential election that had been due in the fall was moved up to April. Officials said the move was made because the country would be busy with various high-profile events at the end of 2018.Aliyev has allied the majority Shia Muslim nation of almost 10 million with the West, helping to protect its energy and security…

ABB Group (NYSE:ABB) and Its Rivals Critical Comparison

ABB Group (NYSE: ABB) is one of 3 public companies in the “Switchgear & switchboard apparatus” industry, but how does it contrast to its competitors? We will compare ABB Group to similar companies based on the strength of its institutional ownership, profitability, risk, valuation, dividends, earnings and analyst recommendations.

Smith (A.O.) (AOS) vs. ABB Group (ABB) Head to Head Review

Smith (A.O.) (NYSE: AOS) and ABB Group (NYSE:ABB) are both large-cap industrial products companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, profitability, institutional ownership, earnings, valuation, dividends and analyst recommendations. Risk & VolatilitySmith (A.O.) has a beta of 1.52…

Massive tanker crashes into mansion on Istanbul's Bosphorus | News

A massive tanker has crashed into an historic mansion on the shores of Istanbul's Bosphorus Strait after its steering equipment became locked, according to Turkish state media, briefly suspending the traffic in the strait in both directions.Towboats and coastguard vessels were sent to the area after the crash on Saturday…

Metal Shark introduces new line of passenger vessels

Louisiana-based shipbuilder Metal Shark has partnered with design firm Incat Crowther to develop an entirely new line of passenger vessels.At the recent Passenger Vessel Association (PVA) Maritrends Conference in Savannah, Ga., Metal Shark introduced its new Endurance PV-X aluminum passenger vessel lineup, with 26-meter…

Hurricane Energy (HRCXF) and Subsea 7 (OTCMKTS:SUBCY) Financial Analysis

Hurricane Energy (OTCMKTS: HRCXF) and Subsea 7 (OTCMKTS:SUBCY) are both oils/energy companies, but which is the better business? We will contrast the two businesses based on the strength of their analyst recommendations, profitability, valuation, institutional ownership, dividends, risk and earnings. Volatility and RiskHurricane Energy has a beta of 0.69…

Huntington Ingalls Industries Appoints Latitia McCane Director of Education For The Apprentice Schoo

NEWPORT NEWS, Va., April 06, 2018 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that Latitia D. McCane has been named director of education for The Apprentice School at Newport News Shipbuilding. McCane is responsible for the overall leadership, vision and strategic direction of craft training…

BP awards three-year subsea construction contract to C-Innovation | Facilities Management

BP Exploration and Production, the largest investor in the deepwater Gulf of Mexico, has awarded a contract to C-Innovation (C-I), an affiliate of Edison Chouest Offshore, who will become responsible for the facilities management of BPs regional assets.Founded in 2007, C-I has become a leader in subsea construction, expanding to become a diversified company…

Ship crashes into waterfront mansion in Istanbul's Bosporus after rudder gets stuck

The Bosporus Strait has been closed to transit traffic after a 225-meter-long Malta-flagged bulk carrier crashed into a historic waterfront mansion in the Anadolu Hisar area on Saturday after its rudder got stuck, causing substantial damage.The accident happened after the ship's rudder failed and it smashed into the Hekimba Salih Efendi mansion around 4 p.m.