The Offshore Rig Market – At $30 Oil Offshore Drillers May Be Out of OptionsCOVID-19 and low oil prices are already having an impact on the offshore rig market as contractors face crew and logistical challenges and E&Ps attempt to prioritize drilling campaigns.Contract scrutiny has already led to a few contract cancellations and the first claims of force majeure.
Weary passengers aboard a cruise ship idled at sea for days by a coronavirus outbreak erupted in cheers on Monday as the vessel sailed into San Francisco Bay en route to the Port of Oakland and the next, unexpected phase of their voyage - two weeks of quarantine.The 2,400 passengers, who have been largely confined to their staterooms since Thursday
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division delivered the newest America-class amphibious assault ship USS Tripoli (LHA 7) to the U.S. Navy on Friday. Tripoli will be commissioned later this year before sailing to its homeport of San Diego.Amphibious assault ships project power and maintain presence by serving as the cornerstone of the amphibious ready group or
The Coast Guard needs a ship that can do more than just break ice; it needs a multi-mission ship to provide for the nation’s security, asserting its sovereign rights, and protecting its long-term economic interests. That ship is the Polar Security Cutter.Since Russia cashed the check in 1867 for the purchase of Alaska the U.S. has been an Arctic nation.
Employment of Indian seafarers on Indian and foreign ships witnessed a growth of 45 percent in the last three years.The Minister of State for Shipping Mansukh Mandaviya informed the Parliament that the number has increased from 143940 in 2016 to 208799 globally in 2018.The Minister informed that the Government has taken several initiatives and policy decisions to help increase the share of
The first Advanced Variable Drive (AVDTM) tugboat with its unique application of hydro-mechanical hybrid propulsion in the marine segment, Bogacay XXXVIII provides towage services across a broad range of customers in Izmit Bay. Since her introduction into the Sanmar operated fleet on February 25, 2020, following its commissioning ceremony in at Sanmar’s Tuzla Shipyard
Upstream Production Solutions (UPS), Perth, a wholly owned subsidiary of GR Engineering Services Ltd, has agreed with the Australian Government to provide operations and maintenance services to the Northern Endeavour floating production, storage and off-take (FPSO) vessel.On 14 February 2020, the Department of Industry, Science
A ceremony at Sanmar's Altinova shipyard on January 11, 2020 celebrated the commissioning of the 200th tug built by Sanmar to a Robert Allan Ltd. design -- an achievememt reached in just over 25 years' time.The milestone tug, the Boğaçay XXXVIII, is the latest evolution of the RAmparts 2400-SX design
The discovery of a submarine carrying 3,000 kg (3.3 tons) of cocaine off the coast of Spain marks a "historic" turning point in the battle against drug trafficking, Spanish authorities said on Wednesday.Police described it as the first "narcosubmarine" to be intercepted in Europe, adding in a statement that it had been found in waters off the northwestern region of Galicia on Saturday
The leader of a Spanish rescue mission said on Sunday that Italian authorities had refused to grant port access to its Open Arms ship, leaving the vessel stranded in rough conditions in the Mediterranean with more than 70 African migrants on board.The 73 migrants were picked up from a packed rubber dinghy drifting about 50 miles off Libya on Wednesday night.
AMETEK Land, a provider of combustion efficiency and environmental pollutant emissions monitoring instrumentation, has launched two new continuous emission monitoring systems (PM-CEMS) to provide accurate and reliable measurement of particulate matter from industrial combustion processes in stacks and ducts.
Only four, out of the financial performance of 40 dedicated US shale oil firms under study, reported a positive cash flow balance in the first quarter of 2019, bringing down the share of companies with a positive cash flow balance from the recent norm of around 20% to just 10%.Nine in ten US shale oil companies are burning cash, according to Rystad Energy.