SeaDrill Ltd. (SDRL) is set to release first-quarter 2017 results before the opening bell on May 24.
Warfare History Network History, America wanted a giant flying boat; Howard Hughes made it. The Time magazine article was titled “It Flies!” It was a note of triumph and vindication, but also an epitaph, of an aircraft that was five years in the making—the “Spruce Goose,” a plane that should not have existed. Many things were against it, even, to a certain degree, its creator. The week of May 4-10, 1942, saw the loss of 300,000 deadweight tons of Allied shipping to German U-boats, loss rates that were twice new ship launches. Imaginative use of America’s industrial and technological strengths to deal with such problems was the mission of the War Production Board’s planning committee. On May 22, F.H. Hoge, Jr., a member of the committee, proposed the use of extremely large flying boats, pointing out that current aircraft on transoceanic flights devoted 38 percent of their takeoff weight to fuel and oil, but that a 300,000-pound plane would use only 20 percent, and, that since flying boats did not require landing gear, an additional 15 percent in aircraft weight would be saved. But it was the industrialist Henry J. Kaiser who saw the opportunity. He approached such problems with big schemes, limitless energy, and a genius for organization and improvisation. He had moved from constructing mammoth hydroelectric dams, such as the Hoover and Grand Coulee, to shipbuilding in 1941. Faced with the terrible loss of shipping that was threatening the Allies, Kaiser suggested two possible solutions. One was to convert some of his shipyards to the mass production of giant seaplanes. The other was to mass produce antisubmarine aircraft carriers on Liberty Ship hulls. In the latter case, Kaiser facilities would produce some 70 escort carriers during the war. But in the summer of 1942, after the Germans sank 681 Allied ships in the first seven months of the year, the idea of flying boats captured the nation’s imagination. In July, Kaiser outlined plans for flying boats of 200 to 500 tons and launched a publicity and lobbying campaign telling the press that he envisioned a fleet of 5,000 flying boats. He followed with a proposal to the Army and Navy. And, though they considered it impractical, they knew that the public and some members of Congress believed otherwise. The Aircraft Division of the War Production Board was asked to review Kaiser’s proposal. Read full article
Once energy executives start waxing lyrical about an otherwise unwelcome event or development, it’s clear that this event or development has lost its destructive effect. In the case of oil and gas, this week’s Offshore Technology Conference featured at least two speakers with a poetical bend. Transocean’s director of technology and innovation, Jose Gutierrez, compared the oil bust to the asteroid that 66 million years ago wiped out around 80 percent of all life on Earth. Fatal as the event was for these 80 percent, it also, scientific…
Transocean Ltd. reported adjusted earnings from continuing operations of 1 cent per share, contrary to the Zacks Consensus Estimate for a loss of 8 cents.
В среду, 3 мая, в Соединенных Штатах Америки ожидается публикация нескольких важных макроэкономических показателей. В 17:00 МСК будет опубликован индекс экономических условий ISM в непроизводственной сфере за апрель. В 17:30 МСК выйдут еженедельные данные по динамике запасов нефти, рассчитываемые EIA. Отметим, что аналитики ожидают снижение запасов на 2,333 млн баррелей. В 21:00 МСК состоится заседание ФРС. Согласно нашим ожиданиям, ФРС сохранит процентную ставку на прежнем уровне. Из второстепенной статистики будут опубликованы ипотечные индексы, недельные запасы дистиллятов и бензина. Кроме того, сегодня инвесторам предстоит узнать индикатор занятости ADP за апрель. Аналитики прогнозируют, что показатель составил 175 тыс. Сегодня до открытия рынка будут опубликованы финансовые результаты Estee Lauder, Groupon, Humana, Reynolds American
Let's see what's in store for five energy players RIG, CXO, PXD, MUR and WMB that are reporting tomorrow.
When a drilling platform is scheduled for destruction, it must go on a thousand-mile final journey to the breaker’s yard. As one rig proved when it crashed on to the rocks of a remote Scottish island, this is always a risky businessIt was night, stormy, and the oil rig Transocean Winner was somewhere in the North Atlantic on 7 August 2016 when her tow-line broke. No crew members were on board. The rig was being dragged by a tugboat called Forward, the tethered vessels charting a course out of Norway that was meant to take them on a month-long journey to Malta. Within the offices of Transocean Ltd, the oil-exploration company that owned the rig, such a journey might have been described with corporate seemliness as an “end-of-life voyage”; but in the saltier language heard offshore, the rig was “going for fucking razorblades” – for scrap, to be dismantled in a shipbreaking yard east of Malta. In that Atlantic storm, several thousand miles from her intended destination, Winner floated free.The 33-year-old rig had never moved with so little constraint. Winner was huge – 17,000 tonnes, like an elevated Trafalgar Square, complete with a middle derrick as tall as Nelson’s Column, her four legs the shape of castle keeps; all this was borne up in the water on a pair of barge-sized pontoons – and its positioning had always been precisely controlled. While moored, she was held in place by eight heavy anchors. At other times, she was sailed with a pilot at the helm as if she were any other ship. When contracted to drill in the North Sea, as she had been since the 1980s, boring into the bedrock for hidden reservoirs of oil, Winner’s anchors and underwater propellers worked together with her on-board computers to “dynamically position” her – that is, keep her very still. The men and women who formed Winner’s crew – drillers and engineers and geologists and divers and cleaners and cooks, most of them Norwegian – imagined this rig to have a character that would resist such checks. They nicknamed her Svanen, or Swan, because to them she was both elegant and unyielding. Scheduled as she was for destruction, Winner could not have chosen a better moment to bolt. Continue reading...
Transocean Ltd. (RIG) is set to release first-quarter 2017 results after the closing bell on May, 3.
Oil services behemoths Schlumberger (SLB) and Halliburton (HAL) kicked off the earnings season for U.S. energy firms.
Cabot Oil & Gas Corporation (COG) is set to report first-quarter 2017 results before the opening bell on Apr 28.
National Oilwell Varco, Inc. (NOV) is set to release first-quarter 2017 results before the opening bell on Apr 27.
Helmerich & Payne, Inc. (HP) is set to release fiscal second-quarter 2017 results before the opening bell on Apr 27.
TechnipFMC plc (FTI) is set to report first-quarter 2017 results after the closing bell on Apr 26.
It was a week where oil prices tightened their grip over the $50-a-barrel level, while natural gas futures fell from a 2-month high.
US President Donald Trump has proposed eliminating the US Chemical Safety Board, a somewhat obscure agency that has angered so many groups over the years that no one is likely to leap to its defense. The group is an independent government agency, much like the National Transportation Safety Board. While the NTSB investigates plane accidents […] The post US Chemical Safety Board faces elimination under Trump: Fuel for Thought appeared first on The Barrel Blog.
Statoil ASA (STO) recently announced that it, along with its license partners, has decided to use Transocean Ltd.s (RIG) semisubmersible rig ??? Transocean Spitsbergen ??? on three exploration wells in the U.K.