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Category Archives: Articles

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Oil Pares Weekly Drop as Wildfire Disruptions Battle Oversupply

May 10, 2016

Oil pared its first weekly decline in more than a month as oil-sands disruptions in Canada and lower U.S. output offset rising stockpiles and OPEC production. A wildfire in Alberta has shut more than one million barrels a day of oil-sands output capacity after workers were evacuated, while production sites have so far escaped damage. U.S…. Continue Reading »

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Seabird awarded North Sea contract

May 4, 2016

SeaBird Exploration Plc (“SeaBird” or the “Company”) is pleased to announce that the Company has signed an agreement to supply one source vessel for an upcoming survey in North West Europe during this coming summer season. The project is due to commence during Q2-2016 and will run for approximately 2 months. SeaBird will be using… Continue Reading »

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Akastor Plunges Deeper into Red

May 3, 2016

Oilfield services investment company, Akastor, has booked a first-quarter 2016 loss on sharp decline in revenues caused by the weak market. The Oslo-listed company recorded loss of NOK 366 million ($45.4 million) for the first quarter 2016 compared to loss off NOK 251 million ($31.1 million) in the corresponding quarter in 2015. Akastor, as a group,… Continue Reading »

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How Can Feds Help Oil, Gas Industry? Stay Out Of It, Insiders Say

May 3, 2016

As U.S. oil and gas continues its “lower for longer” path, the question arises of whether a bailout – such as the one granted to the automotive industry at the end of the 2000s – has become part of the national discourse. The automotive industry’s rescue amounted to a bill of $9.3 billion once the… Continue Reading »

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Milestone for Hyperbaric Medicine Service

May 26, 2015

The Royal Brisbane and Women’s Hospital (RBWH) Hyperbaric Medicine Service celebrated its 5th anniversary and 15,000th treatment on 21 May Among those celebrating the milestone was patient Matthew Tarrant. Matt, who has Type 1 diabetes, was treated with Hyperbaric Oxygen Therapy after sustaining a severe burn to his foot from a hot water bottle. He… Continue Reading »

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CSS Georgia Salvage Operations

May 26, 2015

The ironclad warship CSS Georgia was intentionally sunk by its crew to avoid captivity from General William Sherman in 1864. The wreckage lies beneath the Savannah River. A multi-million project to deepen the said river to accommodate larger ships passage is currently ongoing and will require the complete removal of the ship and its debris…. Continue Reading »

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How to Manage Oil, Gas Employees in Turbulent Times

April 30, 2015

One of the difficulties oil and gas companies are experiencing during the current industry downturn is how to manage its human resource operations – essentially who, when and how to hire and fire employees – and how to manage the company afterwards. Several industry HR professionals convened recently to discuss recruiting and hiring strategies and… Continue Reading »

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Diving Bell

February 6, 2015

Background   Commercial divers doing underwater construction or salvage often use a diving bell for transportation to the underwater site. Use of a diving bell (also known as a Personal Transfer Capsule, PTC) and a pressure chamber extends the amount of time a diver can safely stay underwater. Diving bells were known as early as… Continue Reading »

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Recruiting Professionals Discuss Oil, Gas Hiring during Industry Slowdown

February 3, 2015

Oil and gas talent professions are on the front lines when it comes to gauging interest from energy companies in hiring new workers, as well as assessing the level of interest that job candidates have in oil and gas jobs. So, Rigzone recently reached out to experienced energy recruiters at four agencies to learn how… Continue Reading »

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