Pipeline News

Q4 2018 Earnings Forecast for Oceaneering International Issued By Capital One Financial (NYSE:OII)

Oceaneering International (NYSE:OII) – Analysts at Capital One Financial reduced their Q4 2018 earnings estimates for shares of Oceaneering International in a research note issued to investors on Wednesday, December 26th, Zacks Investment Research reports. Capital One Financial analyst L. Lemoine now forecasts that the oil and gas company will post earnings per share of ($0.23) for the quarter…

Dozens feared useless in Nigeria as leaking oil tanker explodes

An overturned oil tanker exploded in Nigeria while dozens of people were scooping up the leaking fuel and many were killed, police and witnesses said on Saturday.Hundreds of people have died in similar accidents in recent years in Nigeria, Africa’s largest oil producer, as impoverished people risk their lives to collect…

Keppel Infrastructure unit snags $40m contract for Jurong Island pipe rack project, Companies & Mark

SINGAPORE - Energy solutions provider Keppel Infrastructure Holdings has secured a contract to design, build and operate pipe racks on Jurong Island worth about $40 million.The contract was awarded by JTC Corporation (JTC) to Pipenet, a wholly owned subsidiary of Keppel Infrastructure, for the construction of pipe racks along parts of Banyan Drive…

Tallgrass Energy GP (NYSE:TEGP) & American Midstream Partners (AMID) Critical Contrast

American Midstream Partners (NYSE:AMID) and Tallgrass Energy GP (NYSE:TEGP) are both oils/energy companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, analyst recommendations, earnings, profitability, institutional ownership, dividends and risk. Analyst…

Iraq to upgrade southern oil output capacity in 2019 Basra Oil Co

Iraq plans to raise output from its southern Majnoon oilfield to 290,000 barrels per day (bpd) by the end of 2019 and to 450,000 bpd by the end of 2021 from a current 240,000 bpd, the director of the Basra Oil Company said.Ihsan Abdul Jabbar, in an interview with Reuters late on Friday, said Iraqs southern oil exports were…

World news in brief | National/World

Congos presidential runner-up asks court to order recountKINSHASA, Congo Congos presidential runner-up Martin Fayulu has asked the constitutional court to order a recount in the disputed election, declaring on Saturday that you cant manufacture results behind closed doors.He could be risking more than the courts refusal.

Experts say safety board should probe bus crash

Transport Canada officials look at the scene where a double-decker city bus struck a transit shelter at the start of the afternoon rush hour on Friday, at Westboro Station in Ottawa, on Saturday, Jan. 12, 2019. Experts are calling on the federal transportation safety board to investigate a deadly bus crash in Ottawa to prevent similar incidents from occurring again.Ahmed Shalaby…

Israel confirms Syria strike - World News

246640Photo: Google MapsThe mayor of a city in Poland was stabbed Sunday while he was on stage during the finale of a large charity event and he was transported to a hospital, officials and Polish media reported.Gdansk Mayor Pawel Adamowicz was attacked with a sharp tool during the "Light to Heaven" charity event, charity spokeswoman Magdalena Skorupka-Kaczmarek…

Alberta truck convoy in support of pipelines rolls through Red Deer

There were several more events held across Alberta on Saturday in support of the oil and gas industry.Truck drivers working in the oil and gas industry took to the streets of Red Deer Saturday morning, calling for the federal and provincial governments to take action on pipeline construction.“The money’s tight. You work and then you don’t work…

Adnoc combines its two largest offshore units, part of Abu Dhabi state oil firms streamlining effort

Abu Dhabi National Oil Company (Adnoc) is combining its two largest offshore operations, part of its broader effort to streamline management and operations and drive an entrepreneurial culture in what is expected to be a prolonged low oil price environment. The two companies that are being combined the Zakum Development…
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As Enbridge Energy Management L (EEQ) Valuation Rose, Shareholder Parkwood Trimmed Its Position; Con

Parkwood Llc decreased its stake in Enbridge Energy Management L (EEQ) by 78.98% based on its latest 2018Q3 regulatory filing with the SEC. Parkwood Llc sold 45,277 shares as the company’s stock rose 0.24% while stock markets declined. The institutional investor held 12,053 shares of the oil & gas production company at the end of 2018Q3…

Duqm zone usufruct deals hit 70

The number of usufruct agreements signed by the Special Economic Zone in Duqm (SEZD) in  2018 increased to 70, according to a report. The agreements covered a number of sectors, such as industrial, residential and commercial, logistics, tourism and fisheries activities. The number of companies registered at the Commercial Register of the SEZD increased to 186…

Dozens feared dead in Nigeria as leaking oil tanker explodes

LAGOS, Nigeria (AP) An overturned oil tanker exploded in Nigeria while dozens of people were scooping up the leaking fuel and many were killed, police and witnesses said Saturday.Hundreds of people have died in similar accidents in recent years in Nigeria, Africas largest oil producer, as impoverished people risk their…

Head-To-Head Review: Great Lakes Dredge & Dock (GLDD) & CHINA RWY GRP L/ADR (CRWOY)

Great Lakes Dredge & Dock (NASDAQ:GLDD) and CHINA RWY GRP L/ADR (OTCMKTS:CRWOY) are both construction companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, risk, valuation, institutional ownership, profitability, dividends and analyst recommendations.

Great Lakes Dredge & Dock (GLDD) Rating Lowered to Buy at BidaskClub

BidaskClub cut shares of Great Lakes Dredge & Dock (NASDAQ:GLDD) from a strong-buy rating to a buy rating in a research report released on Tuesday, December 25th.Several other brokerages have also recently commented on GLDD. Zacks Investment Research upgraded shares of Great Lakes Dredge & Dock from a hold rating to a buy…

Ship-breakers slam FBR - Pakistan

- File photoKARACHI: The ship-breaking industry has urged the government to provide it a level-playing field along with steel re-melting industry by immediately withdrawing controversial notifications issued recently by the Federal Board of Revenue (FBR). Addressing protesting workers outside the Karachi Press Club (KPC) on Monday…

Trump's wall would not have stopped El Chapo's submarines, railroad tankers, tunnels and other drug

No wall between the U.S. and Mexico was going to stop notorious drug dealer El Chapo.The cartel leader now on trial in Brooklyn Federal Court got his illicit goods across the border all kinds of ways with planes, trains, cars, tractor trailers and oil tankers, fishing boats and even submarines, to name but a few modes…

Oceaneering International (OII) and Recon Technology (RCON) Head to Head Contrast

Oceaneering International (NYSE:OII) and Recon Technology (NASDAQ:RCON) are both small-cap oils/energy companies, but which is the superior business? We will contrast the two businesses based on the strength of their analyst recommendations, earnings, institutional ownership, valuation, dividends, risk and profitability.

Trans Mountain pipeline: NEB releases conditions on marine protection

The National Energy Board would require the creation of a marine mammal protection program for the Trans Mountain pipeline in a series of draft conditions it has laid out before it considers the project.The focus of the review is to apply the Canadian Environmental Assessment Act and the Species at Risk Act to project-related marine shipping…

OFG supports successful project combining AUV and USV mothership to survey the ocean's depths

The GEBCO-NF Alumni Team has completed the Technology Readiness Tests of the Shell Ocean Discovery XPRIZE using a combined Unmanned Surface Vessel (USV) and Autonomous Underwater Vehicle (AUV) system. The goal of the XPRIZE challenge is to advance ocean technologies for rapid, unmanned and high-resolution ocean exploration…