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Venezuelan President Says Oil Basket Set to Fall to $30 or Less

August 27, 2015

President Nicolas Maduro said on Tuesday Venezuela’s petroleum export basket is poised to fall to $30 per barrel or less, adding he was seeking to a deal with OPEC and Russia to stabilize prices. “Venezuelan oil dropped $2 today. It reached $35,” he said during his weekly televised broadcast. “I think it’s going to reach… Continue Reading »

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Rem Takes Profit Dive

August 27, 2015

Norway’s Rem Offshore has posted second-quarter 2015 net profit of NOK 64.3 million ($7.8 million), down from NOK 105.8 million or $12.8 million in a year-ago period. Net profit for the first half of 2015 (1H 2015) was also down at NOK 70.1 million ($8.5 million) versus NOK 183.2 million ($22.2 million) in the corresponding period in 2014…. Continue Reading »

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UNH Gets NOAA Grant for Ongoing Ocean Mapping Work

August 27, 2015

The University of New Hampshire’s Center for Coastal and Ocean Mapping (CCOM) has received a $6.2 million grant from the National Oceanic and Atmospheric Administration (NOAA) to continue the work of the Joint Hydrographic Center, a NOAA partnership and national ocean-mapping research center. A total award of $31 million over five years was granted, but… Continue Reading »

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Become a Commercial Diver: Education and Career Roadmap

August 27, 2015

Commercial divers work with teams of engineers to perform mechanical repairs and construction underwater. Divers work in all types of water, including rivers, bays and the ocean. Should I Become A Commercial Diver? Commercial divers work in numerous industries performing tasks that require below the surface work. Using scuba or other diving gear, they perform… Continue Reading »

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Out in the Real World, Oil Market Is Much Better Than It Looks

August 27, 2015

The global oil market is healthier than it looks, signaling that crude’s plunge to six-year lows has probably gone too far. While futures tumbled below $45 a barrel in London for the first time since 2009, Morgan Stanley and Standard Chartered Plc say other measures suggest physical markets for crude have stabilized or even strengthened in… Continue Reading »

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Without Saudi Support, Talk Of OPEC Emergency Meeting Is Just Noise

August 26, 2015

Once upon a time, talk of an emergency OPEC meeting would have rippled through oil markets, likely triggering at least a brief rally in prices. The last extraordinary meeting to discuss a price slump, in 2008, resulted in the Organization of the Petroleum Exporting Countries’ largest ever production cut, paving the way for prices to… Continue Reading »

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ONC to Explore Salish Sea and Pacific Ocean

August 26, 2015

The University of Victoria’s Ocean Networks Canada (ONC) is about to embark on a three-week expedition in the Salish Sea and Pacific Ocean. For the first time ONC will be using two ships, exploration vessel (E/V) Nautilus, on its first trip to Canada, and research vessel (R/V) Thomas G. Thompson. Both ships are outfitted with robotic… Continue Reading »

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Employment in Norwegian Oil, Gas Sector

August 26, 2015

Norwegian oil and gas industry workers have been having a tough time during the latest downturn in the sector. The country’s exploration and production companies, as well as its oilfield services firms, have cut staff throughout 2015, as a response to the decreasing oil price. Aker Solutions was one of the first companies to announce… Continue Reading »

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Polarcus Closes Library Sale Deal

August 26, 2015

Polarcus has completed the main component of the transaction regarding partial divestment of the company’s multi-client library to TGS-NOPEC Geophysical (TGS). Namely, on June 29, Polarcus and TGS signed a Letter of Intent (LOI) for the sale of its multi-client projects in Northwest Europe and West Africa in return for a cash consideration of USD 27.5… Continue Reading »

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