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...Then there is the 73-acre South Brooklyn Marine Terminal site, currently used as an occasional overflow parking lot for the UN....
...In an April 16 note downgrading Diamond’s debt to the 17th point on its 21-point scale, rating agency Moody’s said the oilfield services sector would be “one of the sectors most significantly affected” by...
...We are developing new divisions to provide services to our customer base....
...The downturn hit everyone in the oilfield service industry. It triggered a wave of consolidation among the larger operators....
...Schlumberger, the world’s largest oilfield services group, has predicted a brighter year ahead for the global oil industry after what it described as three years of “unprecedented market downturn”....
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...“But it is equalising things a bit more [between offshore and onshore businesses].”...
...Revenue Service....
...during negotiations over a disputed oilfield in Nigeria which has left the Anglo-Dutch group facing corruption probes in at least three countries, writes Andrew Ward....
...Singapore Inc is facing mounting concerns as the city-state’s long-successful oil and gas sector turns sour with the oil price slump. Oil and gas services have been a lucrative niche for the country....
...Petrodollars that poured in from Kazakhstan’s Caspian oilfields went astray....
...Oilfield services group Petrofac has flipped back into attributable profits – of $12m – after chalking up a $182m loss last time....
...The company laid off about 10,000 workers at its offshore and marine unit last year....
...Companies in Singapore’s offshore marine sector, a key part of the island’s economy, have slashed their workforce....
...Diamond Offshore, which operates deep-water rigs, dropped 5.7 per cent to $21.48. Oilfield services companies also faced heavy selling....
...Just last month a $28bn planned merger between oilfield services companies Halliburton and Baker Hughes was sunk by the Department of Justice and new tax rules prompted Pfizer to scrap its planned $160bn...
...About 12 of the National Iranian Tanker Company’s almost 40 very large vessels are taking crude to existing customers in Asia, while the rest are storing it offshore....
...Rolls-Royce, whose marine business has designed and equipped 25 offshore vessels for companies in Brazil, has also invested heavily in marine servicing and training....
...Since last year, 5,500 North Sea jobs have been lost, according to Oil & Gas UK, a trade body for the offshore industry. Some of the biggest workforce reductions have come at oil services companies....
...Rather more materially, chief executive Bob Kieller is retiring at oilfield services business Wood Group....
...Its nuclear and specialist services also performed well, but its marine support division saw profits drop from £18.3m to £14.2m....
...The unmanned aerial vehicle streams video from the scene so the emergency services can provide instructions to a bystander on how to help....
...Those cuts, based on expectations of a slowdown in drilling across North America in response to Saudi Arabia’s move to force down crude oil prices, come as Schlumberger, the world’s biggest oilfield services...
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