News

CNBC Energy

Flying in a chopper over the water? See what it takes to escape if it goes down
In preparation for a helicopter ride out to Shell’s massive oil rig in the Gulf of Mexico, CNBC first had to pass an extensive underwater drowning training course. Watch as Worldwide Exchange anchor Brian Sullivan escapes a helicopter crash simulation underwater – fully strapped in and upside down

How a design tweak could transform one crucial area of shipping
Innovation could change the way goods are transported. 

Oil up but posts weekly loss on stock build, trade tensions
Oil prices rose on Friday on signs of surging demand in China, the world's No. 2 oil consumer, although prices were headed for a second weekly decline on swelling U.S. inventories and concern that trade wars were curbing economic activity.

This CIO likes the energy, defense and aerospace sectors
Wayne Wicker of Vantagepoint Funds says the balance sheets of companies in the aerospace and defense space, especially those in the U.S., are "extremely strong."

Ford boosts production of its $400,000 GT supercar as demand outpaces supply six-to-one
Applications for the GT outstripped the previously planned limited run of 1,000 cars by more than six-to-one.

WorldOil

Railroad CEO sees boom-time oil loads as pipeline pinch roils Canada
Boom times are back for at least one company in Canada’s oil heartland.

Crude set for weekly loss as supplies allay Saudi tensions
Oil headed for a weekly loss as plentiful supplies helped offset worries that tensions between Saudi Arabia and the U.S. over the disappearance of a journalist could lead to the use of crude as a political weapon.

EMGS mobilizes vessel for potential acquisition contract
Electromagnetic Geoservices (EMGS) is engaged in the final stages of a contractual exchange for a data acquisition survey in South America.