Shares of US energy companies rise as Middle East crisis fuels supply concerns
The shares of U.S. Energy companies rose in premarket trading on Wednesday. This was due to the rise in oil prices, which was a result of concerns about a possible escalation in tensions in Middle East.
As tensions in the Middle East escalate, futures prices fall; employment data is on tap
U.S. Stock Index Futures fell on Wednesday, as geopolitical tensions and a port strike in the United States kept investors on edge before data that was expected to shed some light on…
Statoil to Resume Sikorsky S-92 Helicopter Flights Gradually
Norway's Statoil said on Tuesday it expected to gradually resume flights of Sikorsky S-92 helicopters it uses to transport offshore workers, after all flights were stopped earlier in the day for safety checks.
Statoil Grounds Sikorsky Helos for Inspection
Norway's Statoil said oil production was not impacted after the firm grounded all its Sikorsky S-92 helicopters used to transport offshore workers after an alert note from Sikorsky Aircraft Corp…
Lockheed CEO: "No regrets" About Sikorsky Buy
Lockheed Martin Corp has "no regrets" about buying Sikorsky for $9 billion despite a drop in oil prices that has led to a bigger-than-expected decline Sikorsky's commercial helicopter sales…
Saudi Arabia Satisfied with Obama's Assurances on Iran Deal
Saudi Arabia is satisfied with assurances from U.S. President Barack Obama about the Iran nuclear deal and believes the agreement will contribute to security and stability in the Middle East…
Driving Innovation: the Unmanned FLNG
DNV GL developed a new unmanned floating LNG concept that it claims overcomes many of the challenges faced by operators looking to unlock the potential of remote offshore gas fields.
Ocean Mineral Singapore Contract for Seabed Exploration
Ocean Mineral Singapore Pte Ltd (OMS) has entered into a 15-year exploration contract for polymetallic nodules at a site within the Clarion-Clipperton Fracture Zone of the Pacific Ocean…
Dozens of U.S. Companies Bet on Nuclear Power Revolution
The Pentagon's top arms provider and firms partly funded by Silicon Valley billionaires Bill Gates and Paul Allen are among dozens of companies collectively betting more than $1.3 billion…
Lockheed Testing Nanotech Filters for U.S. Oil Industry Wastewater
Defense contractor Lockheed Martin Corp is developing filters using nanotechnology to help solve a problem facing the booming U.S. oil and gas industry: 18 billion gallons of wastewater each year.
French Wind Turbines Avoid Radar Interference
Denmark's Vestas to build 1st stealth turbines in France; new blades use surface coatings inspired by warplanes. Vestas studying export potential of the new technology; growing tensions between French army and wind industry.
Port San Antonio, Chromalloy Renew Lease Agreement
Port San Antonio today announced that long-time customer Chromalloy has executed a new five-year lease for its gas turbine engine repair and manufacturing campus. "Chromalloy underscores…
When Will Deep Sea Mining Commence? The Robot is Ready
The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea (PNG) - when a wrangle over terms is solved.
U.S. to Cut Nuclear Launchers under Russia Treaty
The United States will scale back its nuclear bombers, submarine launchers and ballistic missiles in the first cuts to its leftover cold war nuclear arsenal since ratifying a landmark treaty with Russia in 2011…
Harvey Gulf Breaks Ground with LNG Facility
Louisiana out in front on LNG bunkering infrastructure. New Orleans-based Harvey Gulf International Marine (HGIM) has announced the ground breaking of construction on its $25 million Phase 1…
Navy's LCS 'Serial Production' Now in Full Swing
The future ‘USS Jackson’ launched from the Austal USA shipyard in Mobile, marks an important production milestone for the littoral combat ship (LCS) program. Jackson (LCS 6) joins the future USS Milwaukee (LCS 5)…
Deepwater Seabed Minerals Exploration Project
Keppel Corporation forms, Ocean Mineral Singapore Pte., to explore for polymetallic nodules several kilometres beneath the ocean's surface. Polymetallic nodules contain copper, nickel…
