Aker Kvaerner has been awarded a five year contract by Cuu Long Joint Operating Company (CLJOC) for the supply and installation of surface wellheads and valve trees in the Vietnamese Cuu Long Basin. Aker Kvaerner's business area Subsea will supply the wellhead and control tree system as well as associated components. The equipment will be used to support the new Sutu Vang (Golden Lion) and Sutu Den (Black Lion) fields of the Cuu Long Basin. With the rapid development of multiple industries, Vietnam is facing an energy shortage. Jointly operated by PetroVietnam, Conoco Phillips, KNOC and GEO Petrol, CLJOC is special purpose venture created to develop and operate Block 15-1 offshore Vietnam. Project management and manufacturing will be performed at Aker Kvaerner's subsea facility in Batam, Indonesia.
ConocoPhillips has completed the merger of Conoco Inc. and Phillips Petroleum Company, following clearance by the U.S. Federal Trade Commission earlier today. Shareholders of both companies and all U.S. and foreign regulatory authorities cleared the merger earlier this year. ConocoPhillips is the third-largest integrated U.S. energy company. On a global basis, it is the sixth-largest publicly held energy company based on hydrocarbon reserves and production
Northrop Grumman Corporation was awarded a contract from Maersk Line, Limited for maintenance work on the military prepositioning ship M/V Pvt. Franklin J. Phillips. Northrop Grumman's Newport News sector is the prime contractor for the work, which will include dry-docking, maintenance and repair. The Phillips arrived at the shipyard on Sept. 26 and will remain for approximately five weeks. Work during this period will include upgrades to the habitability spaces; replacement of the cargo
Conoco said higher crude oil and natural gas prices, as well as continued growth in oil and natural gas production volumes, will result in earnings appreciably higher than current analysts' estimates for the third quarter. Conoco Chairman, President and CEO Archie W. Dunham said earnings would be in a range of about four to seven cents higher than First Call's current consensus estimate of 33 cents of underlying earnings per share for the third quarter.
Conoco and R&B Falcon Corp. announced Deepwater Pathfinder - a first-of-its-kind, ultra-deepwater drillship - began a five-year work program in the Gulf of Mexico. The ship, the first new build capable of drilling in 10,000 ft. of water, will fulfill a $400 million drilling program for Conoco. The vessel is expected to drill three or four wells in its first year of operation, with the first exploratory well being drilled at Garden Banks Block 783
Capt. Richard Phillips, who was taken hostage by Somali pirates in 2009 and whose story is the subject of a new film starring Tom Hanks, will be joined at the National Press Club 10, October 2013, by Capt. Steven Werse, Secretary-Treasurer of the International Organization of Masters, Mates and Pilots. Captain Richard Phillips, who survived a harrowing ordeal at sea in 2009 when his ship the Maersk Alabama was boarded by Somali pirates and whose story is the subject of a new feature film
Phillips Petroleum's UK subsidiary has exercised the option in its existing contract with Aker Maritime to deconstruct the Maureen platform for re-use and recycling. Maureen is to date the largest platform in the world to be removed after use. Parts of the substructure are planned to be used in a new quay at Stord in western Norway - and the aim is to use anew or recycle no less than 95 percent of the platform. The assignment is worth NOK 700 million
Maersk Line, Limited (MLL) has completed the purchase of two flag general cargo and roll-on/roll-off combination ships, formerly employed under long-term charter to the U.S. Navy’s Military Sealift Command (MSC). In early 2008, Military Sealift Command elected to end the charter for the M/V PFC WILLIAM B BAUGH and M/V PVT FRANKLIN J PHILLIPS and redeliver them to their private owners, who then offered them for sale
Seafarers & International House will hold its 14th annual Setting the Course awards banquet the at the New York Athletic Club on Tuesday evening, April 22, 2014 to honor Donald J. Marcus, Edward R. Morgan and Captain Richard P. Phillips as the 2014 Outstanding Friends of Seafarers. •Don Marcus is the President of the International Organization of Masters, Mates & Pilots, having served for many years as its Secretary-Treasurer
Howard Thill has joined Devon Energy Corporation as senior vice president, communications and investor relations.He has joined the company to fill the position created by the retirement of Vince White, senior vice president, communications and investor relations. The company announced yesterday the retirement of Vince White who is scheduled to retire August 8, 2014. “Howard brings to Devon deep knowledge borne of extensive and varied experience in our industry
The U.S. Coast Guard (USCG) published a notice on the Federal Register announcing, at Sector Houston-Galveston, receipt of a Letter of Intent (LOI) and Waterways Suitability Assessment (WSA) for a proposed construction project to modify existing petroleum product import/export facilities to add
Aker Solutions says it has recruited David Phillips from HSBC Global Equity Research as head of industry and investor relations. He will start on June 17, 2014. Phillips, 43, served as global co-head of oil and gas research and managing director at HSBC since mid-2011 after joining the bank as
Phillips 66’s previously announced marine over-the-water fueling facility at its Richmond, Calif. terminal is nearing completion. The facility, located on Canal Boulevard, and known as Pier No.12 in the Richmond Harbor, is scheduled to come online in early September 2014.
Oil from a spill or oil well blowout in the Arctic waters of Canada's Beaufort Sea could easily become trapped in sea ice and potentially spread more than 1,000 kilometres to the west coast of Alaska, a World Wildlife Fund study showed on Friday.
Americas Styrenics (AmSty) announce a project to construct a deep water dock at its styrene production facility at St. James, Louisiana, located on the Mississippi River. Detailed engineering is underway for the project with local permitting expected by mid-2014
For a fifth consecutive year, the United Kingdom Hydrographic Office (UKHO) has delivered a successful outcome from its internationally renowned and accredited marine cartography courses to a group of students drawn from seven nations. Students from the Hydrographic Organizations of Algeria
A group of industry professionals from the commercial maritime sector gathered in Fort Lauderdale, Fla. at 8 a.m. on February 8 to participate in Murray & Associates LLC’s 2014 Fishing Challenge. The naval architect and marine engineering group hosted the tournament for the third
As international cooperation brings increasing pressure on more the traditional pirate trade in east Africa, there is mounting evidence that Western Africa, from Guinea-Bissau south to the Congo has become a new hotspot for the pirate trade.
According to multiple published reports including Reuters, two U.S. security workers were found dead on the Maersk Alabama, a ship made famous by the Hollywood movie "Captain Phillips" in 2013. The two men apparently were found dead in a cabin on board the vessel in the afternoon of
Reuters - East Coast refiners slashed imports of lighter, sweet crudes from countries like Norway and Nigeria last year as they commissioned new rail offloading terminals to increase use of domestic Bakken and Canadian crudes. By mid-year
Subsea Industries, a Hydrex company, announced that its Ecoshield coating system, which offers protection from cavitation and corrosion/erosion damage for ship hulls, rudders and ship underwater running gear, has been recognized with an industry award.
A sample of albacore tuna caught off the shores of Oregon and Washington state have small levels of radioactivity from the 2011 Fukushima nuclear disaster in Japan, researchers said on Tuesday. But authors of the Oregon State University study say the levels are so small you would have to
U.S. regulators seeking data from refiners in the effort to gauge the volatility of North Dakota Bakken crude being shipped by rail will have the information by the end of May, according to the industry's trade group. Seventeen companies have anonymously submitted data from more
Teekay Tankers Ltd. announced the appointment of Mr. Kevin J. Mackay as Chief Executive Officer (CEO) of Teekay Tankers, effective June 20, 2014. Mr. Mackay will join Teekay Tankers from Phillips 66 Corporation (Phillips 66), where he is currently head of the global marine business unit for
Hawboldt Industries Ltd., a manufacturer of deck equipment and a member of the Timberland Group of Companies, announced the hiring of Reed Okawa as Business Development Manager, Marine Crane Division. Paul Phillips, General Sales Manager at Hawboldt industries said