Offshore News

Middle East offshore work sustaining oil and gas market

HomeField DevelopmentMiddle East activity boosted the value of global oil and gas contracts awarded during 3Q 2019 to $44.4 billion, said GlobalData in its latest review.Offshore staffLONDONMiddle East activity boosted the value of global oil and gas contracts awarded during 3Q 2019 to $44.4 billion, said GlobalData in its latest review.The main factor was Saudi Aramco issuing 34 engineering…

New Innovative Report On Offshore Oil and Gas Seismic Equipment and Acquisitions Market Forecast To

Offshore Oil and Gas Seismic Equipment and Acquisitions Market ReportReport gives deep analysis of “Offshore Oil and Gas Seismic Equipment and Acquisitions Market” industry overview by Types, applications, Key players and regions. This report furthermore shows the 2019-2025 Production, Consumption, income, Price & Cost Overview.

Global Gastric Cancer Therapy Market growth expected to be driven by rising onshore and offshore dri

Despite significant progress in the treatment of gastric cancer, it is still among the leading cause of deaths due to cancer, across the world. The high mortality rates are primarily caused by the late diagnosis of the disease, with patients often missing the opportunity for a surgical cure and cancer already having been developed into an advanced stage when identified.

Can Russias Arctic Oil Boom Survive U.S. Sanctions?

Russia is betting big on offshore Arctic oil and gas projects and onshore deposits in Siberia to offset oil production declines at maturing fields and to become a dominant liquefied natural gas (LNG) player worldwide.But the major Russian oil and gas companies have been banned from access to western capital, which they need in order to cooperate with U.S.

Bay access projects moving forward in Daphne, Spanish Fort

By Guy BusbySPANISH FORT Projects to improve public access to Mobile Bay in Daphne and Spanish Fort can move forward with the approval of more than $3 million in federal funding.The announcement by Gov. Kay Ivey of funding for 16 Baldwin and Mobile County projects through the Gulf of Mexico Energy Security Act includes…

Marine Barges Market 2019 -Incredible and Huge Market Growth, Production, Sales, Revenue and Forecas

The Global Marine Barges Market, Size, Share, Outlook and Growth Opportunities 2019-2026 presents a comprehensive analysis of the countries Marine Barges. Key trends and critical insights into Global Marine Barges market along with key drivers, restraints, and growth opportunities are present in the report. Global Marine…

MOL signs Maersk jackup drilling rig for North Sea exploration well

HomeDrilling & CompletionMOL Norge has contracted the Maersk Drilling jackup Maersk Interceptor for an exploration well on license PL617 in the southern Norwegian North Sea.The jackup Maersk Interceptor will drill an exploration well on license PL617 in the southern Norwegian North Sea.(Courtesy Maersk Drilling)Offshore staffCOPENHAGEN…

Semi-submersible Drilling Platforms Market Analysis by Key Players, Types, Applications and Growth O

The Global Semi-submersible Drilling Platforms Market report provides information by Top Players, Geography, End users, Applications, Competitor analysis, Sales, Revenue, Price, Gross Margin, Market Share, Import-Export, Trends and Forecast.Initially, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure.

Australia Extends Review of Equinor Drilling Plan

Australia's offshore safety watchdog has asked Equinor ASA to modify its drilling plan before it can win approval to explore for oil and gas off South Australia, the regulator said on Monday.Green groups want the regulator to bar Equinor from drilling in the Bight, concerned that oil spills in the extremely rough waters could threaten whale breeding grounds…

W&T Offshore (WTI) Q3 Earnings Beat on Higher Production

W&T Offshore, Inc. WTI reported third-quarter 2019 adjusted earnings (excluding one-time items) of 13 cents per share, beating the Zacks Consensus Estimate of 1 cent but declining from the year-ago figure of 30 cents.Meanwhile, quarterly revenues decreased to $132.2 million from $153.5 million a year ago. Moreover, the…

Wind powered | Features |

Even before generating their first kilowatts of electricity, the five giant wind turbines under construction as part of the Block Island Wind Farm have certainly generated their share of discussion among Rhode Islanders. Americas first offshore wind farm has been controversial from the beginning, but its owner, Deepwater Wind…

Iran discovers new oil field with more than 50 billion barrels

TEHRAN, Iran – Iran has discovered a new oil field in the country's south with over 50 billion barrels of crude, its president said Sunday, a find that could boost the country's proven reserves by a third as it struggles to sell energy abroad over U.S. sanctions.The announcement by Hassan Rouhani comes as Iran faces crushing American sanctions after the U.S.

Offshore Support Vessels Market Competitive Environment and Higher Growth Rate with Forecast to 2025

ShareShareShareEmailGlobal Offshore Support Vessels Market: Overview Offshore support vessels are a crucial class of vessels essential for the smooth function of offshore oil and gas operations. Offshore support vessels fulfil all the logistical needs of offshore petroleum platforms. Due to this, they have taken on an important…

Aspen Aerogels (NYSE:ASPN) Releases Earnings Results, Beats Estimates By $0.02 EPS

Aspen Aerogels (NYSE:ASPN) released its quarterly earnings results on Thursday, October 31st. The construction company reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.02, Fidelity Earnings reports. Aspen Aerogels had a negative net margin of 21.56% and a negative return on equity of 34.45%.

Aspen Aerogels (NYSE:ASPN) Downgraded to “Sell” at Zacks Investment Research

Aspen Aerogels (NYSE:ASPN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday, reports. According to Zacks, “Aspen Aerogels, Inc. is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in large-scale energy infrastructure facilities.

Hull Coatings Market Outlook 2019 | Shows Industry Overview, Size, Share, Remarkable Growth Factors,

The Hull Coatings Market research report 2019-2024 delivers comprehensive information and valuable insights about the Hull Coatings industry. The information available in the Hull Coatings market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner.

Kosmos Energy Makes Oil Discovery in Equatorial Guinea: Ministry

(Bloomberg) -- Kosmos Energy Ltd. made an offshore oil discovery in Equatorial Guinea, according to the Ministry of Mines and Hydrocarbons.The S-5 well was drilled to a depth of 4,400 meters and encountered 39 meters of net oil play in the Santonian reservoir in the offshore Rio Muni Basin, the ministry said in an emailed…

Deputy premier supports inquiry into offshore sand dredging to combat Stockton erosion crisis

news, local-news, LIFTING a ban on offshore sand dredging is firming as a possible solution to combat the erosion crisis on Stockton beach, with the NSW deputy premier saying he supports an investigation into the practice despite concerns about its cost and environmental impacts. But residents of the coastal peninsula are fed up with government inaction and bureaucracy over the issue…

Experts say Romania does not yet have the administrative capacity to manage its offshore gas reserve

Romania does not have the administrative capacity to manage offshore gas reserves as it need to build up institutional, administrative and know how capacities in order to benefit from its large newly-discovered resources, according to a report consulted by Business Review.The report Risks, taxation, investment decisions in the offshore oil and gas sector.

ValuEngine Downgrades Teekay Offshore Partners (NYSE:TOO) to Sell

Teekay Offshore Partners (NYSE:TOO) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, ValuEngine reports.Shares of NYSE TOO remained flat at $$1.54 during midday trading on Friday. 574,113 shares of the stock were exchanged, compared to its average volume of 630,099.