Monday, November 3, 2014

Winners and Losers in the New Age of Cheap Oil



Nov. 3 (Bloomberg) – Oil prices have fallen more than 20 percent from their June peak, on weaker demand and ramped up output. So where does the price go from here, and who are set to be the winners and losers? Bloomberg's Tom Mackenzie reports. (Source: Bloomberg)

This Monster Ship Is Part Robot and Can Move Oil Rigs



Oct. 30 (Bloomberg) – The Pieter Schelte is a cross between a ship and a giant robot. It has eight arms on its bow that can clamp to an oil platform and lift it onto the ship. A giant crane on back of ship then removes the legs from the ocean and then transports parts to shore. (Corrects ship's capabilities.) (Source: Bloomberg)