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Aibel and Reach Subsea agree to work on offshore oil and gas projects
2016-05-20 01:00:00| Offshore Technology
Norway-based companies Aibel and Reach Subsea have signed an agreement for joint projects within subsea oil and gas, rig repairs, and decommissioning of existing offshore structures and installations.
Tags: work
agree
projects
reach
Carl Renezeder Wins Pro 2 & Pro 4 at 2016 Lucas Oil Off Road Racing Series
2016-05-19 20:35:06| K&N Racing News
Carl Renezeder is showing that consistency is the best way to win a championship in racing.
Greens Power Installs Replacement EGB Units for Kuwait Oil Tanker Company
2016-05-19 16:39:00| Ship Technology
Greens Power Limited of Wakefield, UK, has been working in close partnership with Kuwait Oil Tanker Company (KOTC) by supplying and installing replacement exhaust gas boiler (EGB) units to the company's vessels.
Canada Fires Cost Oil Sands Production $760 Million
2016-05-19 14:19:00| Climate Ark Climate Change & Global Warming Newsfeed
Inside Climate News: A new report into the financial impact of the McMurray fires says some $760m (C$985m; 528m) in oil sands production has been lost. The analysis says the blaze has meant the loss of 1.2 million barrels of oil a day over two weeks. The sum is equivalent to 0.33% of the province of Alberta's projected GDP this year, as well as representing 0.06% of the country's projected GDP. "These are big numbers," Kevin Birn, an analyst at IHS Energy, said. "The industry was already feeling the impact...
Tags: canada
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Oil prices edge down due to increase in US crude inventories
2016-05-19 01:00:00| Offshore Technology
Oil prices have fallen below $48 a barrel due to strong dollar and a rise in US crude stocks.
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