Daily Archives: May 6, 2017

Moa team are colourful characters in every sense – Stuff.co.nz

Posted: May 6, 2017 at 3:56 am

ARTHUR WHELAN

Last updated05:00, May 6 2017

supplied

Characters from Moa, Possum von Tempksy and Kiwi Pukupuku.

Need to find those stolen Lindauer paintings?

This sounds like a job for Possum von Tempsky and his mate Kiwi Pukupuku. Just say the word and the most unlikely buddy cops you'll ever meet will mount their moa and ride into the bush to pursue villains and right wrongs.

The Moa Rangers have come a long way in every sense since Taranaki teacher James Davidson knocked together an A5-sized, black and white comic book aimed at providing New Zealand children with an alternative to the likes of Thor and Asterix.

GRANT MATTHEW/FAIRFAX NZ

Taranaki comics artist James Davidson hopes New Zealand children will find 'Moa' entertaining and educational.

The latest milestone on their journey is Moa, a full colour edition by Earth's End Publishing, collating all five volumes of their swashbuckling adventures ranging from the lizard-egg rescue to an underground mission to save the jawbone of Maui's grandmother for the nation.

READ MORE: *Dylan Horrocks graphic novel a 'love letter' to Christchurch *Comic artists unite on climate change *Catty cartoonist alone in field

Davidson - acting deputy principal at Opunake High School when he's not working on these artistic adventures - describes the world of Moa as a a colourful blending of history and mythology, and autopian vision of what New Zealand could be like. The Prime Minister is Maori and anyone who tries to steal the nation's taonga has to reckon with Possum (inspired by 19th century bush ranger and renaissance man von Tempsky) and his mate Kiwi.

Behind the scenes, Davidson has had to hack his way through a lot of dense bush to get this far.

He has a degree in fine art but admits that his first attempt at comics were "pretty rubbish", a view confirmed at a comics convention by a professional artist, who shredded his superhero efforts in a constructive-criticism kind of way.

Davidson admits to feeling deflated by the experience. But he persisted, the characters evolved and after a few dead ends, his confidence grew that he was on to something as his dynamic duo started to take form in a loose, cartoony style.

And so the adventures began. He paid $500 to self-publish a 50-copy print run of the first issue, selling them to friends and family, and followed it up with a colour version.

He did the hard yards of networking at more conventions, which paid off when Pikitia Press noticed his work

And all this in between the day job and raising a family (three children, aged 9, 8 and 3).

How does he find the time?

The world of Moa comes to life in an Opunake house late at night when the kids are asleep. Davidson does the whole lot, from the pencilling and inking to the scanning, colouring and lettering (although his daughter helps out with proof-reading - "she's much better at it than me").

All this for something a kid can read in half an hour before demanding when the next one will appear. "But that's a comic artist's lot."

So no pressure, then, when Earth's End Publishing called last Easter to pitch the collated edition.

He had only just started the fifth episode, and had to hit the production afterburners while his wife took the kids on holiday for a week.

"It takes me about six months to finish one issue, I did that one in about two months."

A couple of weeks ago a copy arrived by courier. Six years of work, on nice paper but Davidson had all of 10 seconds to admire his magnum opus before his son swooped to get first read.

At least that proves he's doing something right, and he says the feedback from Maori has also been positive.

He has a ton of adventures and more characters to bring to life so that intermediate schoolkids can see something of the world around them in the comics they read.

Who knows, maybe this country might be that utopia one day, although it's safe to say you'll never see a possum riding a moa through the bush.

But in the meantime that New Zealand does exist, here, in 120 pages of vibrant colour.

Moa,James Davidson,Earth's End Publishing, RRP $32.99.

-Stuff

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Eleven Queensland U20s named to face New Zealand in Oceania … – RedsRugby.com.au (press release)

Posted: at 3:56 am

BMW Australia U20s Head Coach Simon Cron has named eleven Queensland U20s in his side ahead of their final clash of the Oceania Rugby U20s Championship against New Zealand, to be played on Saturday night at Bond University on the Gold Coast.

St.George Queensland Reds backrower Reece Hewat will again captain the side, and will be joined in the starting XV by Harrry Hockings, Angus Scott-Young (VC), Liam Wright, Harry Nucifora, Tony Hunt, Dylan Riley and Jayden Ngamanu.

Efi Maafu and Angus Blyth have been named in the reserves, as well as Isaac Lucas who is in line for his debut.

BMW Australia U20s Head Coach, Simon Cron said: New Zealand have been in good form throughout the competition with a very cohesive attack which was on display against Samoa and Fiji.

We need to focus on our processes and execution of roles.

The boys are starting to come together as a group and develop combinations within the squad so I am looking forward to those boys getting on again tomorrow.

It doesnt come any better than a Trans-Tasman match at any level of Rugby and this group will wear that gold jersey with pride when they represent Australia.

The match kicks off at Bond University at 7:00pm on Saturday 6 May with the match to be streamed LIVE through http://www.rugby.com.au.

BMW Australia U20s team to play New Zealand U20s at Bond University, Gold Coast, on Saturday 6 May, 7pm local time 1.Harry Johnson-Holmes, NSW Gen Blue U20s, Sydney University 2.Jordan Uelese Melbourne Rebels U20s 3.Harry Chapman, NSW Gen Blue U20s, Randwick 4.Ryan McCauley, NSW Gen Blue U20s, Easts 5.Harry Hockings, Queensland U20s, University of Queensland, Bowen 6.Angus Scott-Young (VC), Queensland U20s, University of Queensland 7.Liam Wright, Queensland U20s, Easts 8.Reece Hewat (C) Queensland U20s, Norths 9.Harry Nucifora, Queensland U20s, Bond University, Gold Coast 10.Nick Jooste (VC), Brumbies U20s, Wests 11.James Ramm, NSW Gen Blue U20s, Randwick 12.Tony Hunt, Queensland U20s, University of Queensland 13.Dylan Riley, Queensland U20s, Bond University, Gold Coast 14.Jayden Ngamanu, Queensland U20s, Souths 15.Semisi Tupou, Melbourne Rebels U20s, Box Hill Reserves 16.Efi Maafu, Queensland U20s, Wests 17.Sama Malolo, Western Force U20s, Wests Scarborough 18.Vaauli Faamausili, Melbourne Rebels U20s, Moorabbin 19.Angus Blyth, Queensland U20s, Bond University, Gold Coast 20.Lachlan Swinton, NSW Gen Blue U20s, Sydney University 21.Theo Strang, NSW Gen Blue U20s, Sydney University 22.Isaac Lucas, Queensland U20s, Sunnybank 23.Clay Uyen, Western Force U20s, University of WA

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Auckland City not counting their chickens ahead of second leg of Oceania final – Stuff.co.nz

Posted: at 3:56 am

ANDREW VOERMAN

Last updated13:10, May 6 2017

PHOTOSPORT

Ryan de Vries and Auckland City have one hand on the OFC Champions League title heading into the second leg of the final.

Though their coach won't let them believe it for one second, Auckland City have a hand on the OFC Champions League trophy.

That was obvious to everyone after the first of the final's two legs at Kiwitea St lastSunday, where they beat Team Wellington 3-0, in a game where they could have scored plenty more, but for the heroics of goalkeeper Scott Basalaj, who made six world-class saves to keep the tie alive - but only just.

At Dave Farrington Park on Sunday, the men from the capital will need to win by four, or 3-0 then on penalties,to claim the continental prize, which has belonged to City for the past six years, and also qualifies the winner for the Club World Cup.

PHOTOSPORT

Joao Moreira celebrates his second goal in the first leg.

Can they do it?

READ MORE: * Team Welly look to the past * 'Sucker punch' floors Team Welly *Advantage Auckland City *Final a clash of styles

PHOTOSPORT

Team Wellington goalie Scott Basalaj gave up a penalty here, but was otherwise brilliant in the first leg.

You bet, andRamonTribulietx, City's coach, knows it.

He saw Barcelona, his hometown club, come back from 4-0down after the first legto beat Paris Saint-Germain in theUEFAChampions League last month, so he knows it'spossible. And in New Zealand, he saw three of his men earn red cards and hit the showers in a 4-1 loss to Waitakere United in February, and he also saw Team Wellington come from behind four times to beat Waitakere in their national league semifinal.

They arethreerecent examples of howfootball can turn ridiculous at a moment's notice,and that's why no one was celebrating too hard in Sandringham lastweekend - you just never know what might happen.

All the same, it's hard to see City letting it slip from here, especially not when it would be their seventh straight title, and when it would mean another ticket to the Club World Cup, which is this year being played in the United Arab Emirates, a new location with a new local side for the Oceania champions - whoever they may be - to get past in the first instance.

City gained the upper hand in this tie inside 30 minutes last Sunday, taking a more direct approach than usual, and putting Team Wellington's three central defenders under pressure right from the start. They could have been up 2-0 inside five minutes, but for Basalaj's brilliant keeping and the post, and when they did notch up that scoreline on the half-hour mark, it was well deserved.

In the second half, the two sides assumed roles that were reversals of how they usually like to play, and of how they played in the national league final, with Team Wellington having possession, and City trying to press andpounce on the counter-attack. It was a shift that stymied Team Wellington at times - they were oftencontent to float balls in from deep that were dealt with easily by defenders Angel Berlanga and Daewook Kim - and they will need to rediscover some variety in attack if they are to have any chance of a comeback in the second leg.

They will also need to put in their best defensive showing of the season, because as soon as City score, the score-three-and-penalties option will be off the table, courtesy of the away goals rule, which means City would then win any aggregate draw come the end of 90 minutes.

It is easy to applaudTeam Wellington's ridiculous goalscoring record - they have scored 83 in 26 matches this season, and only been kept scoreless three times, including in the first leg of this final- but the more telling statistic might be the down the other end of the pitch, where they have only kept threeclean sheets.

AT A GLANCE

OFC Champions League final - second leg

Team Wellington v Auckland City Dave Farrington Park, Wellington Sunday, May 7;1pm

-Stuff

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Royal Caribbean to resume cruises from New Orleans – USA TODAY

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Royal Caribbean's Vision of the Seas.(Photo: Royal Caribbean International)

New Orleans is back on the map for Royal Caribbean.

The Miami-based line says the 2,050-passenger Vision of the Seas will operate seven-night sailings out of the city over the winter of 2018-19.

Featuring calls in The Bahamas and Mexico, the voyages will be the line's first out of New Orleans in three years.

Vision of the Seas will be repositioningto New Orleans from Miami.As part of the move, the ship will operate two 16-night sailings through the Panama Canal. The first of the trips, departing on Dec. 15, 2018, will go from Miami to Los Angeles. It'll be followed by a voyage from Los Angeles to New Orleans.

New Royal Caribbean Symphony of the Seas cruise ship will be the world's largest

The Panama Canal trips also will be Royal Caribbean's first in three years.

Christened in 1998, Vision of the Seas is one of Royal Caribbean's four Vision Class vessels, which are among the line's smallest ships.

The new trips from New Orleans opened for booking on Friday.

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Why the Cayman Islands should be your next Caribbean escape – Miami.com

Posted: at 3:54 am

With direct nonstop flights from Miami to Grand Cayman clocking in at just over an hour, the Cayman Islands make foran effortless getaway from South Florida.

Occupying about 100-square-miles south of Cuba, the island group consists of Grand Cayman, Little Cayman and Cayman Brac. While the upscale getaway is famous worldwide for itsoffshore banking industry, attracting a diverse cross section ofex-pats, the sublime western-facing Seven Mile Beach is what youre coming for.

The November 2016 opening of the Kimpton Seafire Grand Cayman marked the islands first new resort in a decade, creating the perfect excuse toexplore the Western Caribbean island group.

Create yourperfect itinerary bytacking on a couple of extra nightson Cayman Brac, the relatively undeveloped island 90 miles northeast of Grand Cayman. Let the world slip away at Le Soleil dOr, a Mediterranean-inspired seaside villa set on an organic farm.

The Kimpton Seafire is so beautifully conceived that mustering the strengthto rise from your fire engine red lounge chair positioned on a strip ofastroturfbetween the Caribbean Sea andthe resorts lagoon-style swimming pool (how can you choose between the two?) will present a serious challenge.

It will also prove difficult to tear yourself away from yourcomfy roomwithits punchy palette of fuchsia, black and white with floor-to-ceiling windows leading to the oversized oceanfront balcony and a sexy bathroomwith a frosted glass rainfall shower that peeksinto the room.

So dont fight it. Settle in. Relax. This place hasgot you covered.

A hallmark of the Kimpton brand is contemporary and playful design. At the Seafire, everything fromnautical motif chairs upholstered ininternational flags toa traditional wooden Cayman catboat and prints from local pop artist Dready are found beneath the lobbys 20-foot ceiling, grounded bynatural materials, likeweathered wood and polished coral stone.

Dining is a delight here and there are plenty of restaurantsto choose frombefore you run out of options. Ave and Avecita function as a restaurant within a restaurant, the former serving coastal Mediterranean fare while the latter dishes up experimental tapas and cocktails in a chic communal setting with a chefs counter for a special tasting menu.

Between the beachfront taco shack Coccoloba and a separate poolside bar and grill, dont skip the fish tacos, lobster roll or the creamy pia colada.

Make sunset gazing on the soft white sands of Seven Mile Beach a nightly ritual.

Rates from $399 in summer low season, $499 in winter high. 888-226-4412

Grand Cayman is so built upwith stylish seaside resorts, you may forget youre not actually in Miami. On the other end of the spectrum, with its rugged coral bluffs and sparse development,Cayman Brac offers an off-the-grid counterpoint.

After a 40-minutepuddle jumper from Grand Cayman aboard a twin prop plane(or a direct flight from Miami on Saturdays), Le Soleil dOr is a 10-minute drive from the airporton the islands southern shore.

The four-room boutique hotel issetinside a Mediterranean-inspired villa with private cottages spread acrossthe 20 acre property. Situated across the street from a rocky, rugged stretch of shore,the hotel maintains an impressive blufftop organic farm, which supplies the hotels restaurant.

With so few rooms, its entirely possible to feel like youve got the entireplace to yourself. The common areas include a small swimming pool, a living room with an adjacent kitchen stocked with fresh fruit, yogurt, cookies and coffee and a beach clubdown the road accessible by shuttle.

The only thing you need to put on your itinerary is a tour of the island with local guide Keno Dailey to explore limestone caves and cliffs and witness the native brown booby in its natural habitat. Its also a prime destination for fishing and diving.

Otherwise, enjoy your own private paradise at Le Soleil dOr where the service is personalized, catering to your every whim. Meals are an enjoyable affair with an attentive staff and special three-course menus that change daily based on whats fresh and available.

Expect dishes featuring local fish and lobster, as well as steak and chicken prepared creatively with produce from the garden, includingokra, eggplant, heirloom peppers and tomatoes.

Rates from $350 in summer low season; $450 in winter high. 844-861-2443.

Pro Tip:Schedulea deep tissue massage (or any spa treatment) at BOTH resorts. Their therapists know what theyre doing with an arsenal of tension-meltingtechniques from reflexology to craniosacral. The Kimptons spa is a luxurious, Moroccan bath-inspired sanctuary, while Le Soleil dOrs is a simple beachside bungalow.

If You Go

Daily direct nonstop flights from MIA to Grand Caymans Owen Roberts International Airport (GCM) aboard Cayman Air and American Airlines, currently from about $267. 1 hour, 30 minute flight.

Direct nonstop flightson Saturdays from MIA to Cayman Brac (CYB) aboard Cayman Airways, currently from about $325. 1 hour, 30 minute flight.

Flights between the Cayman Islandsaboard Cayman Airways, currently from about $129. 40-minute flights.

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NYC Food Truck Lunch: Fried Chicken Platter From Caribbean King – CBS New York

Posted: at 3:54 am

May 5, 2017 9:00 AM

Perry, the founder ofNew York Street Food, brings you his latest review onNew York City street food.

When non-Caribbean people think of Caribbean food, they usually expect jerk or curried food, but theres more to Caribbean cuisine than those stereotypical dishes. In fact, Caribbean cuisine itself is a bit of an oversimplification, as there are regional differences throughout the Caribbean based on history, geography and a host of other factors.

One thing you may not realize is that nearly every Caribbean food truck weve been to makes great fried chicken, something we usually associate with Southern US cuisine. Caribbean King makes a very good fried chicken lunch platter, but the one place where they really stand out is the sheer amount of food provided for $10. Two people with normal appetites could probably split this lunch and be satisfied.

The other reason to get fried chicken here is because its made to order. After we ordered and were waiting for lunch, three other people came up behind us, ordered jerk chicken, and were served right away while we were still waiting. Not because anything was wrong, but because the jerk was already cooked and sitting in the sauce, while the fried chicken still had to be fried.

(credit: Perry R.)

There were two huge, thick chicken breasts in the order. They were not heavily breaded or overly crispy, but there was enough lightly crispy breading to enjoy. The chicken itself was good, not overcooked, which it likely would have been if not cooked to order.

In addition to the abundance of fried chicken, lunch came with either rice and beans or white rice, a cabbage salad, and french fries, too! To top it off, they even gave us a nice piece of sweet fried plantain for dessert.

(credit: Perry R.)

The cabbage salad was laced with carrots and broccoli, and the fries were nice and crispy, just how we like them.

Oh, we almost forgot. They also gave us three dipping sauces that went with lunch. One was bbq sauce, one was a spicy mayo and one was jerk aioli sauce. They all went well on the chicken, and were good for dipping the fries into as well.

(credit: Perry R.)

After lunch our first thought was: wow, were stuffed! We would have been just as happy with one chicken cutlet in the lunch for $7 instead of two large chicken breasts for $10, but it wasnt an option. Maybe if the owners read this, they will offer a small siz,.but all-in-all, there are worse things in the world than too much fried chicken.

You can find the Caribbean King food truck on Twitter here and on Instagram here. We cannot locate a Facebook page or a website, but the truck is not hard to find. They hit most of the usual food truck spots in midtown and downtown during the week for lunch.

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Trump Looking to Unload Caribbean Beach Estate – Mansion Global

Posted: at 3:54 am

President Donald Trump is looking for a millionaire to buy his luxurious French St. Martin beachfront estate, which he has used primarily as a rental property since purchasing it in 2013.

Le Chteau des Palmiers, a walled compound on the northwestern tip of the Caribbean island on the Rue de la Falaise, recently hit the market with Sothebys Realty International. Sothebys lists the price as upon request, but another listingsaggregator in St. Martin, 7th Heaven Properties, says the asking price is $28 million.

More:Read About the Investor who Flipped Donald Trumps Childhood Home for 50% Profit

Mr. Trump has marketed the tropical refuge and claimed the asset in financial disclosures filed in July 2015 before his presidential bid.

Greetings from Donald J. Trump. Escape to a place no other, reads a brochure for the property.

The sprawling 4.8-acre estate on St. Martins Plum Bay encompasses two villas, one five-bedroom and another four-bedroom and a number of other red-tile-roofed structures, from pool cabanas to a house for the estate manager, according to the listing with Lesley Reed, who could not immediately be reached for comment.

In total, the compound contains 11 bedrooms and 12 full bathrooms. The larger villa has a two-story master bedroom with a Jacuzzi bath tub and two private balconies. The smaller villa has a number of themed bedrooms, including the Jungle Room with a king-size bed.

The whole property is enclosed by an eight-foot boundary wall, according to the listing.

Rental packages for the presidents tropical refuge start at $6,000 per night in the low season for the smaller of two villas and top off at $28,000 during the winter holidays, according to Sothebys St. Martin office.

More:Trumps Trust Wants $35 Million for Park Avenue Condo

Disclosures sent to the federal Office of Government Ethics indicate that Mr. Trump owns the St. Martin property under two limited liability companies, Excel Venture I LLC and Excel Venture Corp II, for which he owns a 100% share.

Hes collected between $100,000 and $1 million annually through rental income, according to the 2o15 disclosure, which values the asset between $5 million and $25 million.

Mr. Trump has owned the rental since 2013, when he bought Le Chteau des Palmiers for an undisclosed amount. It was reportedly listed at the time for $19.7 million, meaning the U.S. president is looking to turn around a 40% profit on the sale after only four years of ownership.

The White House press office and a publicist for the Trump Organization did not immediately return requests for comment.

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Men’s basketball to play three exhibition games in the Bahamas – Penn State News

Posted: at 3:54 am

UNIVERSITY PARK, Pa. The Penn State mens basketball program will get an early jump on the 2017-18 season when it takes a foreign trip to the Bahamas for three games Aug. 4-11.

Game dates, opponents and sites are still being finalized; however, while in the Bahamas, the Nittany Lions will stay at the Atlantis Paradise Island Resort.

This trip is exactly what we need at this point, said Patrick Chambers, Penn State head coach. It will give us the opportunity to work on our chemistry and culture with many new faces. We can reinforce good habits and get a good look at what we need to work on heading into the season. Hopefully we will be ahead of the curve a little bit.

The team will get 10 practices to prepare for the foreign tour with all players expected to make the trip. NCAA basketball teams are allowed to take an international tour to play exhibition games once every four years. The Nittany Lions last traveled abroad to Belgium, France and England in 2013.

Penn State returns all five starters and more than 80 percent of its scoring for next season, including top-three scorers Tony Carr (13.2 ppg), Lamar Stevens (12.7) and Shep Garner (12.0). Defensive standouts Mike Watkins and Josh Reaves round out the starting lineup from a year ago and will anchor the Nittany Lions in the upcoming campaign.

The Bahamas trip will be the first action in a Penn State uniform for junior transfer Satchel Pierce, who will suit up for the Nittany Lions this year, and incoming freshmen Trent Buttrick, John Harrar and Jamari Wheeler.

Fans wishing to attend the games in the Bahamas can arrange travel packages by contacting Lea Miller at lea.miller@leamillerassociates.com or 404-668-7468.

Last Updated May 05, 2017

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Noble Corporation Reported Earnings, and Offshore Drilling Stocks … – Motley Fool

Posted: at 3:53 am

What's happening

Shares of nearly every major offshore drilling company are up big on May 5, with shares ofAtwood Oceanics, Inc.(NYSE:ATW),Noble Corporation Ordinary Shares (NYSE:NE), Diamond Offshore Drilling Inc(NYSE:DO), ENSCOPLC (NYSE:ESV),Transocean LTD(NYSE:RIG), andSeadrill Ltd(NYSE:SDRL) up between 7% and 11% at 12:20 p.m. EDT.

Today's big news revolves around Noble Corporation, which released its first-quarter earnings after market close on May 4 and held its earnings call with analysts before market open on May 5.

Noble Corp reported revenue of $363 million in revenue and a loss of $1.24 per share. Revenue was down 41% from last year, but that wasn't a big surprise as the offshore sector is going through its biggest and longest downturn in decades. Its loss was heavily driven by a one-time non-cash tax item, totalling $260 million, or $1.07 per share. When adjusting for this non-recurring, non-cash item, Noble's quarterly loss would have been $0.15 per share.

Image source: Getty Images.

Noble's cash-based results were much better, with the company generating $142 million in cash from operations, and management remains confident that the company will generate positive cash flows in 2017, which will be used in part to repay debt.

Noble also announced that it had been awarded $650 million in new contracts in the quarter, further evidence that the worst of the downturn could be coming to an end. In April, Seadrill announced that it had signed $1.4 billion in new contract awards.

In general terms, managements across the segment are increasingly optimistic that the worst of the downturn is coming to an end. Contract awards are picking up, and a significant amount of vessel rationalization has happened over the past couple of years.

NE Price data by YCharts.

Investors should note that, just because there has been an uptick in contract award activity, the current state of the industry is still ugly. Many of the new contract awards have been extensions to existing work and haven't been putting idle vessels back to work, and there's still an oversupply of drilling vessels, even with significant scrapping and idling over the past 18 months.

And because of that, don't expect offshore drillers to start reporting markedly better results next quarter. 2017 is still likely to be a pretty ugly year overall since the majority of new contract awards won't begin until 2018. Frankly, offshore drillers as a group will probably generate less revenue in 2017 than last year.

Put it all together, and it's likely that we will see plenty more big-move days like today for offshore drilling stocks this year, and unfortunately, some of those days will be big moves down. Prudent investors would be served well to not "go big" on offshore just yet, but instead continue to monitor the industry, and invest in a prudent manner -- preferably based on evidence that the downturn is well and truly ending, and the industry is returning to growth after several very ugly years of contraction.

Jason Hall owns shares of Atwood Oceanics, Diamond Offshore Drilling, Ensco, Noble, Seadrill, and Transocean. Jason Hall has the following options: long July 2017 $3 calls on Seadrill. The Motley Fool owns shares of and recommends Atwood Oceanics. The Motley Fool has a disclosure policy.

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OTC attendance down as offshore loses its groove – Houston … – Houston Chronicle

Posted: at 3:53 am

Photo: Steve Gonzales, Staff

Vendors tear down their displays as the 2017 Offshore Technology Conference (OTC 2017) officially closed Thursday, May 4, 2017, in Houston. ( Steve Gonzales / Houston Chronicle )

Vendors tear down their displays as the 2017 Offshore Technology Conference (OTC 2017) officially closed Thursday, May 4, 2017, in Houston. ( Steve Gonzales / Houston Chronicle )

A closed sign on the registration desk as the 2017 Offshore Technology Conference (OTC 2017) officially closed Thursday, May 4, 2017, in Houston. ( Steve Gonzales / Houston Chronicle )

A closed sign on the registration desk as the 2017 Offshore Technology Conference (OTC 2017) officially closed Thursday, May 4, 2017, in Houston. ( Steve Gonzales / Houston Chronicle )

The NRG Center's carpet is rolled up as the 2017 Offshore Technology Conference (OTC 2017) officially closed Thursday, May 4, 2017, in Houston. ( Steve Gonzales / Houston Chronicle )

The NRG Center's carpet is rolled up as the 2017 Offshore Technology Conference (OTC 2017) officially closed Thursday, May 4, 2017, in Houston. ( Steve Gonzales / Houston Chronicle )

Down come the letters after the Offshore Technology Conference, which had attendance of just under 65,000. people.

Down come the letters after the Offshore Technology Conference, which had attendance of just under 65,000. people.

Vendors pack away their wares. The mood at the OTC darkened as oil prices, which started the week just under $50 a barrel, slid to $45.52 on Thursday.

Vendors pack away their wares. The mood at the OTC darkened as oil prices, which started the week just under $50 a barrel, slid to $45.52 on Thursday.

Workers roll up a carpet Thursday at NRG Center. OTC attendance has declined nearly 40 percent since 2014.

Workers roll up a carpet Thursday at NRG Center. OTC attendance has declined nearly 40 percent since 2014.

OTC attendance down as offshore loses its groove

Attendance at Houston's annual Offshore Technology Conference, a bellwether for the oil and gas industry, fell for the third consecutive year, sliding to the lowest level in more than a decade as deep-water drillers struggle to match the country's budding shale recovery.

Just under 65,000 people wandered the exhibits at Houston's NRG Park, down from 68,000 last year and 95,000 in 2015. Attendance has plunged nearly 40 percent since hitting a record 108,000 in 2014, the peak of the last oil boom.

RELATED:Deep-water drilling faces shallow future

The latest decline represents an inflection point for the conference and the offshore sector, which has become increasingly diminished as companies shift money, workers and equipment to Texas and other U.S. shale fields that are far less expensive to exploit.

With analysts expecting oil prices to remain low for the next several years, many exhibitors and visitors said the halcyon days of record OTC attendance, over-the-top displays and expensive swag appear over - at least in the near term.

"The money is moving onshore," said Gary Fransen, sales manager at Houston oil services company Agar Corp.

The annual trade show, billed as the world's largest energy trade show, kicked off Monday with a sense of optimism that the worst was behind the oil and gas industry and the recovery that began in the Permian Basin and other productive shale formations would spread to other sectors. The mood was noticeably more upbeat than the 2016 conference, which was just two months removed from the bottom of the downturn, when prices hit a 13-year low of just over $26 a barrel.

The mood, however, became subdued as prices, which started the week just under $50 a barrel, slid to $45.52, the lowest settlement since November and just $1.20 higher than a year ago. Crude fell $2.30 a barrel, or about 5 percent, on Thursday alone over concerns of growing supplies in global markets - despite OPEC production cuts that went into effect earlier this year.

Much of that concern arises from the growing output of U.S. shale drillers.

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"Producers are victims of their own success in getting oil out of the ground faster, cheaper than the market expected," Houston oil analyst Andy Lipow said. "For the offshore world, it means they're on a longer time frame for a wholehearted recovery."

Despite hopes that attendance would rebound after last year's plunge, visitors and exhibitors early on noted signs of another disappointing turnout. Traffic was light, and parking spaces were easy to get. Some major companies were absent.

Tenaris, the giant Argentine oil and gas piping manufacturer, was back, but it pushed its steel for wells drilled in the North American shale basin.

"The OTC, it's the Onshore Technology Conference," CEO Paolo Rocca said. "That's what we call it. It's onshore and offshore at this point in time."

Houston-based Micro-Smart Systems, an oil field services provider that makes devices to measure well data, also said it is focusing investment onshore. But Micro-Smart has had a booth at OTC for two decades. Giving up the spot - as many companies did last year when oil prices hit rock bottom - would mean losing their premier location.

Agar Corp., a 25-year attendee, made the same calculus.

"The growth is going to be onshore, but we are still here," Fransen said.

There were notable absences this year. GE Oil and Gas, which is merging with the Houston oil and gas services giant Baker Hughes; FMC Technologies, now part of TechnipFMC; and Cameron International, now part of Schlumberger, all skipped.

GE opted to give up its OTC booth in favor of a sponsorship that put the company name on lanyards and tote bags. The decision to give up the booth had nothing to do with the Baker Hughes acquisition, spokeswoman Stephanie Cathcart said.

The amount of freight moved to the trade show - blowout preventers, valves, pipes, drill bits and frac trucks, as well all the trappings required for trade-show booths - fell by about 1 million pounds from last year, according to the movers. Attendance was the lowest since 2006, when just over 59,000 came.

The challenge for the offshore industry now is to cut production costs if they are to compete in the "lower for longer" price environment, industry officials and analyst said. The biggest oil companies said they are doing just that by standardizing equipment and technology that can be used and moved to different platforms and rigs, instead of customizing each project.

British oil giant BP has managed to make several Gulf of Mexico projects, including Mad Dog 2, profitable at $40 a barrel, compared with about $80 a few years ago, regional president Richard Morrison said.

Chevron Corp. said it is working to collaborate better with other oil companies in deep-water development as a way to minimize costs. But in November, Chevron executives said that when it comes to new investments, the company's operations in the Permian get the first call.

Despite the likelihood that offshore's recovery will lag behind land-based sectors, Neal Anderson, CEO of the energy research firm Wood Mackenzie, said that offshore drilling is far from dead. Deep-water operators have plenty of places to cut costs, although broad reductions have yet to happen.

Not all companies will be able to rely on the Permian Basin, said Julie Wilson, a research director for global exploration at Wood Mackenzie, and some might find success with existing offshore projects.

"They still have to grow," Wilson said, "and can grow profitability with good offshore projects that can break even at $50 or below."

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OTC attendance down as offshore loses its groove - Houston ... - Houston Chronicle

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