Lower Oil Prices Start to Pinch Oklahoma State Revenues
The plunge in oil prices is starting to hurt Oklahoma's energy-related revenues and if the price remains low, could hit income and sales tax revenues if energy workers have less money to spend…
Turkish PM Calls for Deal with Greek Cypriots Over Energy Deposits
Turkish Prime Minister Ahmet Davutoglu called on Friday for an agreement over exploiting hydrocarbon deposits in the eastern Mediterranean, an issue that caused the breakdown of peace talks between Greek and Turkish Cypriots in October. Greek Cypriots say Turkey sent a research vessel to collect seismic data in disputed waters off the divided island of Cyprus where the Nicosia government was also exploring.
Ukraine Sends $378 mln Prepayment for Russian Gas
Ukraine's state energy firm Naftogaz said on Friday it had transferred a prepayment of $378 million to Russia's Gazprom to buy Russian gas for December, paving the…
USCG Saves Vessel near Provincetown, Massachusetts
A Coast Guard crew from Station Point Allerton, Massachusetts, assisted a disabled clam boat 11 miles northwest of Provincetown, Massachusetts, Friday. At about 8:30 p.m., Thursday, the four-person crew aboard the 40-foot Angel Fisher notified Coast Guard Sector Boston that their boat lost steering. Because of the deteriorating weather, with 5-foot seas and 16-knot winds, the Angel Fisher crew put on their immersion suits.
Sen. McCain Vows Jones Act will be Repealed
Senator John McCain said a more than 90-year-old law that requires ships servicing coastal businesses to be built and mostly staffed by U.S. crews will be repealed sooner or later if lawmakers keep fighting the trade restriction. Oil refiners, and many manufacturers and state governments oppose the Jones Act, saying the requirement increases costs by blocking shipping by cheaper foreign-built and foreign-flagged vessels.
Oil Pushes Lower, Undeterred by Bullish Jobs Report
U.S. crude oil closed at its lowest since July 2009 on Friday as Brent averaged below $70 a barrel in the week for the first time since 2010, as strong U.S. employment data did little to lift the oil market's bearish mood. Both contracts continued to slide as the market grappled with oversupply resulting from the U.S. shale boom and the recent decision by the Organization of the Petroleum Exporting Countries not to cut production.
73rd Anniversary of Pearl Harbor Attack
Dec. 7, 1941 is a day that America will never forget. Claiming more than 2,400 American lives, 21 ships sunk or damaged, and more than 300 aircraft lost, the attack on Pearl Harbor goes down as one of the worst attacks on American soil. The Japanese attack came in two waves. During the first wave, six Japanese carriers launched 181 planes carrying torpedo bombers, dive bombers, horizontal bombers and fighters. Only 30 minutes later 170 more aircraft launched their attack on the Harbor. The U.S.
Zamakona Yards Join Forces with GS Hydro
Zamakona Yards signed a collaboration agreement with finish Multinational GS Hydro. The agreement, with an initial duration of two years, will include hydraulic services in the already extensive range of services offered by the Zamakona Yards group in the Canary Islands. Today was held at the Zamakona Yards offices in Las Palmas Port the formal agreement between the two groups materialized by Mr. Borja Garaygordobil, General Director of Zamakona Yards in the Canary Islands and Mr.
Rosneft Help Find Missing Population of Reindeer
The scientists of Siberian Federal University with the support of Rosneft found a missing population of Evenki wild reindeer. It became possible through implementation of the “Evenki reindeer” project, realized jointly with East-Siberian Oil and Gas Company (Rosneft’s subsidiary) and Siberian Federal University. During the first stage of the program a number of measures were taken to collect important information on reindeers population: land and aerial survey of the territory was carried out…
ClassNK & NAPA tie-up to Improve Ship Design
ClassNK and leading global maritime software company NAPA have announced a new joint project to reduce the time and cost of designing vessels in accordance with the new IACS harmonised Common Structural Rules. The new project will enhance the data linkage between ClassNK’s PrimeShip-HULL(HCSR) design support software with NAPA’s 3D model based integrated design software NAPA Steel greatly improving…