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KCA Deutag wins $168 million in Russian drilling contracts

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7/15/2019 ABERDEEN — Global drilling and engineering contractor KCA Deutag (KCAD) is delighted to announce that its land drilling operation has won three new contracts in Russia worth approximately $168 million. These contracts are for eight high performance land rigs, seven of which were previously built by Bentec, KCAD’s rig and oilfield equipment manufacturer. A Read More

Analysis: SCOOP/STACK operators scale back rig activity

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Highlights Active rigs drop 25% this year Midship Pipeline likely guarantees future growth Denver — Operators in the SCOOP/STACK have shed about a quarter of rigs in the play year to date, but with Midship Pipeline on track to enter service soon, it looks to ensure production growth despite the recent decline in activity. Not Read More

SEACOR Marine Announces Departure of Chief Operating Officer

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HOUSTON, Texas, July 12, 2019 (GLOBE NEWSWIRE) — SEACOR Marine Holdings Inc. (NYSE:SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide, today announced that Robert Clemons has stepped down as Executive Vice President and Chief Operating Officer, effective Read More

UK sends second warship to Gulf after Iran threats over seized tanker

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By By Alistair Bunkall, defence and security correspondent The UK is to increase its military presence in the Gulf by sending a second warship to the region. HMS Duncan, a Type 45 Destroyer, will sail to the Gulf in the coming days after recently completing NATO exercises in the Black Sea, and is expected in Read More

‘This is a dangerous game’: Iran demands UK releases seized oil tanker

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Iran has demanded the immediate release of an oil tanker seized by Royal Marines off the coast of Gibraltar, warning Britain: “This is a dangerous game and has consequences.” It comes as tensions mount in the Gulf after a Royal Navy warship deterred Iranian patrol boats attempting to impede a British tanker sailing through the Read More

Why the US and UK have different motivations in the Strait of Hormuz

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By Deborah Haynes, foreign affairs editor Britain does not want to escalate tensions with Iran but the United States appears to have other ideas. There has been no increase in the number of British warships in the region despite a heightened risk to British-flagged vessels passing through the Strait of Hormuz. Instead, the policy appears Read More

Hunt: Gulf tensions show we have ‘run down the navy too much’

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Britain has “run down the navy too much”, according to foreign secretary Jeremy Hunt. His words come as tensions continue to rise in the Gulf after a Royal Navy warship deterred Iranian patrol boats attempting to impede a British tanker sailing through the Strait of Hormuz. Writing in The Daily Telegraph, Mr Hunt said: “Three Read More

Iran-UK tanker row escalates in Strait of Hormuz standoff

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Singapore — A diplomatic row between Iran and the UK involving oil tankers escalated Thursday after a standoff in the world’s biggest oil shipping artery raised fresh concerns over global energy security which have also spiked insurance costs for ships transiting the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

U.S. to extend nuclear reactor lifespans in bid to revive industry

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PARIS (Reuters) – The United States plans to extend the lifespans of existing nuclear reactors and support new technologies as it seeks to revive an industry seen as crucial to its energy security, a senior U.S. official said on Thursday. FILE PHOTO: Deputy Secretary of the U.S. Department of Energy Dan Brouillette attends a meeting Read More