Last Year News

Oil and gas industry saw worst year since 1970s in 2014, report finds - Business News - Business

Urgent action is needed in the face of "striking evidence" which shows that 2014 was the worst year for the industry since the 1970s.The report by industry body Oil & Gas UK said that it was vital to secure new investment and address the "collapse" in exploration if the UK is to make the most of its significant untapped resources and increase its international competitiveness.

Tighter fiscal ship at Nevada County Consolidated Fire District shows results

Despite some public skepticism, Nevada County Consolidated Fire Districts new, rosier, five-year financial projections are reportedly the result of a studied course correction in spending and a higher-than-expected revenue from property taxes. Its a much brighter picture than in the past, said board member David Hanson…

Analysts Set Dril-Quip Price Target at $113.25 (NYSE:DRQ)

Shares of Dril-Quip (NYSE:DRQ) have received an average rating of “Hold” from the fifteen analysts that are covering the stock, Stock Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company.

Gulf Island Fabrication's (GIFI) CEO Kirk Meche on Q4 2014 Results - Earnings Call Transcript

Gulf Island Fabrication, Inc. (NASDAQ:GIFI)Q4 2014 Earnings Conference CallFebruary 27, 2015 10:00 AM ETExecutivesCindy Cook Accounting ManagerKirk Meche President, Chief Executive Officer and DirectorJeff Favret Chief Financial OfficerTodd Ladd Chief Operating OfficerAnalystsMartin Malloy Johnson RiceDoug Dyer Heartland…

Durban Digs Deep to Lure Large Container Ships From Suez Canal

Cape of Good Hope, rather than use the Suez Canal. Transnet SOC Ltd., told reporters in Durban on Friday. is South Africas third-largest and has its busiest harbor. vessels around the Cape than through the Suez Canal, Gregg-MacDonald said. 2025. 2040, from 2.7 million last year. rand ($1.4 billion) to the South African economy, Gregg-MacDonald said. years ago, Gregg-MacDonald said.

Floating through Adrift's hypoxic first-person experience

What starts as slow, rhythmic breathing becomes heavier, ragged. In the background I hear the beeping of a heart monitor.There's a strange absence of any other noise, though the sounds of breathing and beeping seem to almost sharpen, filling that void."Am I going to die?" I ask."Not yet. Reach out."The breathing is coming in shorter bursts now, sharp, painful pants."You've got to get closer to it.

WJTV News Channel 12 - Oil slump threatens easy life of affluent Norwegians

STAVANGER, Norway (AP) - Losing his job on a Norwegian oil rig meant more to Kristoffer Sandberg than saying goodbye to a high salary. It has caused a shift down in lifestyle and expectations, something an increasing number of people in this small oil-rich country are facing.After a decade of an oil-and-gas boom, plunging…
The mobile landing platform Lewis B. Puller (T-MLP-3/T-AFSB-1) successfully completed launch and float-off at the General Dynamics National Steel and Shipbuilding Co. (NASSCO) shipyard on Nov. 6, 2014. US Navy Photo

Navy to Build CVN-79 in 2 Phases; Ditching Plans for Early AFSB-3 Procurement

A unit for the future aircraft carrier John F. Kennedy (CVN-79) rests on the assembly platen at Newport News Shipbuilding on March 5, 2014. US Navy PhotoIn their first budget hearing of the year with the House Armed Services Committee (HASC), Navy officials described their Fiscal Year 2016 plans that include speeding up construction of the aircraft carrier USS John F.

Malacca Strait traffic hits an all time high in 2014, VLCCs and dry bulk lead growth

Transits of the key Malacca Strait waterway connecting Asia to Europe and the Middle East hit an all time high in 2014 crossing the 79,000 barrier for the first time.According to a study compiled by the Nippon Maritime Center using data from the Marine Department of Malaysias STRAITREP system there were 79,344 transits…
Ed Davey MP

BBC News - Oil and gas industry in 'bleak' 2014, finds survey

24 February 2015Last updated at 07:36 ETThe UK offshore oil and gas industry has reported its worst annual performance for four decades.Industry body Oil & Gas UK said falling oil prices and rising costs meant the sector spent and invested £5.3bn more than it earned from sales during 2014.That outflow of cash was the biggest…
FILE - In this Feb. 17, 2015 file photo, crew members walk near the scene of a train derailment near Mount Carbon, W.Va. A CSX train carrying more than 100 tankers of crude oil derailed in a snowstorm, sending a fireball into the sky. Fiery wrecks this month of trains hauling crude oil have intensified pressure on the Obama administration to approve tougher standards for railroads and tank cars despite industry complaints that it could cost billions and slow freight deliveries. (AP Photo/Chris Tilley, File)

Fiery oil train wrecks intensify pressure on Obama administration for tougher safety rules

Enlarge ImageFILE - In this Feb. 17, 2015 file photo, crew members walk near the scene of a train derailment near Mount Carbon, W.Va. A CSX train carrying more than 100 tankers of crude oil derailed in a snowstorm, sending a fireball into the sky. Fiery wrecks this month of trains hauling crude oil have intensified pressure…

69 dead as Bangladesh boat sinks after collision

DHAKA: The death toll in a ferry accident in central Bangladesh soared to 69 on Monday, after emergency workers recovered more bodies from the wreckage of an overcrowded boat that sank after colliding with a cargo vessel.Authorities said "several" people were still unaccounted for after the ferry sank within just two minutes of the collision on Sunday…
TE Connectivity Ltd (NYSE:TEL)

TEL) – Eight in Ten Americans Say Engineers are as Esteemed as Teachers TE Connectivity Survey Finds

[PR Newswire] – BERWYN, Pa., Feb. 26, 2015 /PRNewswire/ — In conjunction with DiscoverE’s Engineers Week, TE Connectivity Ltd. (TEL), a world leader in connectivity, today announced the findings of its second annual Engineering Sentiment Survey, which examined American attitudes toward the engineering profession and its broader impact on innovation and society.

StealthGas' (GASS) CEO Harry Vafias on Q4 2014 Results - Earnings Call Transcript

StealthGas Inc. (NASDAQ:GASS)Q4 2014 Earnings Conference CallFebruary 26, 2015 11:00 AM ETExecutivesHarry Vafias - President, Chief Executive Officer and Interim Chief Financial OfficerMichael Gordon Jolliffe - Independent Chairman of the BoardAnalystsNatasha Boyden - MLV & CoJeff Gagan - Milwaukee Private Wealth ManagementJosh…

Historian uncovers 1909 postcard linked to famous Boynton shipwreck

Boynton Beach has eBay to thank for one of the city's newest historical artifacts.A century-old postcard with a picture of the Coquimbo — a Norwegian ship that hit a sandbar approximately 350 yards off Boynton Beach's shores in 1909 — has been unearthed by the Boynton Beach Historical Society via the popular online trading site.Janet DeVries…

Oil Bargains for Asia Stretch to Mexico as Ships Set Sail

the U.S. shale boom brings bargains from around the globe. face as the U.S. Asia. company officials and shipping data compiled by Bloomberg. fields reduces the need for imports in the worlds biggest oil-consuming nation. dropped 6.5 percent in the first eleven months of last year. Thursday. share. Dubai grades. data compiled by Bloomberg show. to the data. seeking comment. last year.

U.S. May Block More Russian Banks If Ukraine Cease-Fire Falters

(Bloomberg) -- The U.S. system if rebels backed by Russia continue to violate the cease-fire in Ukraine, two administration officials said. Putting a Russian bank on the U.S. economic pressure the U.S. Ukraine. The action would bar U.S. U.S government to freeze any assets in American jurisdiction. The impact, however, would be global. significant business in U.S. U.S.
Oil rig, Singapore

BBC News - Oil rigs fall idle after global crude prices drop

23 February 2015Last updated at 19:00 ETBy Sarah Porter & Ali MooreBBC News SingaporePlease turn on JavaScript. Media requires JavaScript to play.WATCH: Oil rigs across south east Asia are being mothballedWith the halving of world oil prices since June last year, the oil industry as a whole has been hit - but those involved…

Admiral Says China Outnumbers U.S. in Attack Submarines

The Chinese navy now operates a greater number of attack submarines than the U.S. Navy and is rapidly expanding the scope of their undersea missions and patrols, U.S. Navy leaders told Congress Wednesday.Their submarine force has grown over a tremendous rate. They now have more diesel and nuclear attack submarines than…

Petrofac 2014 Profit Falls; Enters Into Alliance With McDermott For Surf Sector

Oil and gas services provider Petrofac Ltd. (POFCF.PK,POFCY.PK,PFC.L) reported that its profit for the fiscal year 2014 attributable to shareholders fell to $120 million from the prior year's $650 million, mainly due to exceptional items and certain re-measurements in relation to the Integrated Energy Services portfolio.