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Oceaneering’s advanced vessel christened before industry crowd

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By World Oil staff on 5/24/2019 Photo: Oceaneering’s Ocean Evolution MSV in Galveston, Texas. GALVESTON, Texas — This morning, May 24, Oceaneering International conducted the official christening of its newest vessel, MSV Ocean Evolution in Galveston, Texas. In addition to the hour-long christening, tours of the vessel have been conducted this afternoon, accompanied by food Read More

Landsvirkjun’s results for the first three months of 2019

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Net debt continues to decrease and the equity ratio strengthens Key figures from the interim financial statements Operating revenues amounted to USD 133.2 million and decrease by USD 8.0 million USD (5.7%) from the same period prior  year. EBITDA amounted to USD 102.5 million. The EBITDA ratio is 76.9% of revenues, but was 74.6% in Read More

Exclusive: U.S. airlines expect Boeing 737 MAX jets need up to 150 hours of work before flying again

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CHICAGO (Reuters) – Once regulators approve Boeing Co’s grounded 737 MAX jets for flight, each aircraft will likely require between 100 and 150 hours of preparation before flying, officials from the three U.S. airlines that operate the MAX told Reuters. American Airlines Boeing 737 MAX jets sit parked at a facility in Tulsa, Oklahoma, U.S., Read More

Crude futures tumble with equities as US-China trade war continues

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Highlights US crude, product builds driving the decline Global demand growth concerns weigh Washington deadlock bearish New York — Crude futures fell to their lowest levels since mid-March Thursday on trade tensions between the US and China. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX July crude settled Read More

Heavy rains limit operations at Oklahoma refinery, oil pipeline

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(Reuters) – Heavy rains and storms slamming the central United States forced the closure of a HollyFrontier Corp refinery in Oklahoma and a portion of Tallgrass Energy LP’s crude oil pipeline on Thursday. Severe weather in the central United States has left three people dead on Thursday, local media said, as tornadoes raked across southwest Read More

HollyFrontier halts operations at Tulsa, Oklahoma refinery as rain hits region

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(Reuters) – HollyFrontier on Thursday said it is temporarily shutting operations at its 155,300-barrel-per-day Tulsa, Oklahoma, refinery as a precaution due to high water, the latest headache due to bad weather in the region. Severe storms have brought heavy rain and rising floodwaters to Oklahoma this week, prompting the city of Tulsa to issue flood Read More

Canada’s first Tier 4 final service rig

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5/23/2019 Photo: CARE Industries Tier 4, final-certified service rig build for Compass Well Servicing in Red Deer, Canada. RED DEER, Canada — Built by CARE Industries, Canada’s first Tier 4 final-certified service rig was recently delivered to Compass Well Servicing in Red Deer. To stay productive, oil and gas operations must upgrade their equipment to Read More

ASI Marine grows Saab Seaeye Falcon fleet

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5/23/2019 Photo: ASI Marine ROV technology. LONDON — ASI Marine, a pioneer in long tunnel excursions and international operator for inland marine work, is expanding its Saab Seaeye Falcon fleet. Renowned for being the first to ingeniously exploit the Falcon’s adaptive intelligent technology by sending the 984.25 ft (300 m) rated remotely operated underwater vehicle Read More

Sunworks to Construct 1 MW Solar and Storage Project for Northern California School District

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ROSEVILLE, Calif., May 23, 2019 (GLOBE NEWSWIRE) — Sunworks, Inc. (Nasdaq: SUNW), a premier provider of high-performance solar power solutions for agriculture, commercial, industrial (ACI), public works and residential markets, today announced it has been awarded an engineering, procurement and construction contract to develop a 1.0 MW solar parking canopy project for a Northern California Read More

STEALTHGAS INC. Reports First Quarter 2019 Financial and Operating Results

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ATHENS, Greece, May 23, 2019 (GLOBE NEWSWIRE) — STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the first quarter ended March 31, 2019. OPERATIONAL AND FINANCIAL HIGHLIGHTS Operational utilization of 98.8% in Q1 19’ Read More