Video From CNBC: Saudi Aramco IPO will have ‘halo effect’ on kingdom’s economy, analyst says

View it right here:  https://www.cnbc.com/video/2019/11/05/saudi-aramco-ipo-will-have-halo-effect-on-kingdom-analyst-says.html?fbclid=IwAR0q3i_Qr2dAxX1WTvaoagr9PpADt9E653x0bbnxt5Nbg3E08wKfGiLcyZ0

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Press Release: Game changer in offshore and subsea lifting projects, New generation of lever hoists offer the highest levels of safety and performance with the world’s first quad pawl mechanism

ADIPEC, Abu Dhabi, host the launch of William Hackett’s new lever hoist - SSL5. safety: enhanced built-in failure resilience. Patented quad pawl technology allows the SSL5 to operate safely should individual pawls or springs fail. With double the number of offset pawls in a lever hoist, from two to four, the load is spread securely…

By The Numbers, 11/6/2019

The EIA published its Weekly Petroleum Status Report.  Here are some highlights.  All items are in millions of barrels per day except inventories, which is billions total.  Dates are defined as week ending averages, except utilization rate which is a four week ending average.  The full report can be found here. Item 11/1/19 10/25/19 Refinery…

New Article From Offshore Engineer Magazine: Big Oil Stuns Brazil in Back-to-back Auction Flops

This news comes as a real shock to me.  I interviewed folks organizing the auction at OTC 2019 and they were marketing this auction very heavily.  You can read that article here: Apex-Brasil Co-Organizes Educational Seminar At 50th Annual Offshore Technology Conference To Promote Brazil’s Upcoming Oil Auction   Meanwhile, here is an excerpt from the…

Article From CNN: MRIs show screen time linked to lower brain development in preschoolers

This article was published by CNN on Nov 4, 2019.  A good article if you consider what is happening to the US labor force.  Below is an excerpt, and you can read the entire article here:  https://www.cnn.com/2019/11/04/health/screen-time-lower-brain-development-preschoolers-wellness/index.html Screen time use by infants, toddlers and preschoolers has exploded over the last decade, concerning experts about the…

ILTA sees STB demurrage billing proposal as ‘positive development,’ hopes to work with the board moving forward

Arlington, VA, October 7, 2019—Kathryn Clay, president of the International Liquid Terminals Association, today welcomed the Surface Transportation Board’s October 7 proposed rule to address unfair demurrage billing practices but cautioned that the proposal may not go far enough in practice to solve the problems faced by some in the terminal industry. “ILTA appreciates that…