Transocean Inc. has entered into a definitive agreement with Hercules Offshore, Inc. to sell three of its U.S. Gulf of Mexico jackup drilling rigs and related equipment for $320m. The sales of the GSF Adriatic III, GSF High Island I and GSF High Island VIII will mark Transocean's exit from the shallow-water area of the U.S. Gulf of Mexico. The sales are expected to be consummated at the conclusion of each rig's current contract commitment and are subject to customary closing conditions, including regulatory approvals. The agreement has been approved by the Boards of Directors of both companies. Built in 1982, the GSF Adriatic III is a Marathon LeTourneau 116C design jackup with a water depth capability of 350 feet. Built in 1979 and 1981, respectively, the GSF High Island I and the GSF High Island VIII are Marathon LeTourneau 82-SDC design jackups with a water depth capability of up to 250 feet.
Houston-based offshore drilling contractor Global Marine today announced it received a letter of commitment from Elf Petroleum Nigeria Limited, a subsidiary of TotalFinaElf, for two-year contracts for both the Glomar Adriatic I and Glomar Baltic I jackup rigs to work on the Amenam/Kpono field offshore Nigeria. Elf Petroleum Nigeria Limited on behalf of the Nigerian National Petroleum Corporation and Mobil Producing Nigeria Unlimited operates this field development project
Trinity Launches Barge for Marathon Trinity Marine Products held a barge launching ceremony recently at its Madisonville, La., barge-building facility. The barge launch marks the completion of the first tank barge manufactured by Trinity Marine Products for Marathon Ashland Petroleum, LLC, as part of a new five-year contract between the companies. Trinity Marine Products signed a five-year contract with Marathon Ashland Petroleum in July 2002
Rowan Companies, Inc. (NYSE: RDC) announced today that its manufacturing subsidiary, LeTourneau Technologies, Inc. (LTI) has signed contracts valued at approximately $185m with a Brazilian construction consortium to provide the rig kit, rig design and drilling equipment for two LeTourneau Super 116E jack-up rigs. The two Super 116E jack-up rigs are to be built at Petrobras' Maragojipe, Bahia, Brazil facility by the Consorcio Rio Paraguacu
Lamprell's Hamrivah yard to construct mobile drilling platform, to a LeTourneau design, for an international contractor Lamprell, a leading provider of diversified engineering and contracting products and services to the onshore and offshore oil & gas and renewables industry, announce that it has received a US$ 227 million new contract award from an international drilling contractor for the construction of a jackup rig.
539 South Main Street Findlay, OH 45840 Phone: 419 422 2121 Website: www.marathonpetroelum.com E-Mail: CustRelations@marathonpetroleum.com Senior Vice President, Transportation & Logistics: George Shaffner The Company: Headquartered in Findlay, Ohio, Marathon Petroleum Corporation (MPC), together with its subsidiaries, is one of the largest petroleum product refiners, marketers and transporters in the United States
Trinity Marine Products held a barge launching ceremony on February 14 at its Madisonville, La., barge-building facility. This Barge Launch marks the completion of the first tank barge manufactured by Trinity Marine Products for Marathon Ashland Petroleum, LLC, as part of a new 5-year contract between the 2 companies. Local dignitaries and representatives from both companies will be on hand for the event.
Husky Energy, through a wholly owned subsidiary, has agreed to acquire all of the issued and outstanding shares of Marathon Canada Limited and the Western Canadian assets of Marathon International Petroleum Canada, Ltd. The total purchase price is $588 million (U.S.). Production from Marathon Canada is approximately 27,000 gross barrels of oil equivalent per day (boe/d). The effective date of the transaction is October 1, 2003.
According to an Associated Press report, Marathon Oil Corp. said its second-quarter profit fell 47 percent from a year ago when crude barrels fetched twice the price. Houston-based Marathon said net income of $413m, or 58 cents a share for the April-June period. That compared with earnings of $774m, or $1.08 a share, in the same quarter last year. (Associated Press)
Aker Solutions sign contract with Marathon Oil Norge for the delivery of subsea trees to the Alvheim field on the Norwegian continental shelf. The contract includes the delivery of four subsea trees and associated equipment. The contract is part of the frame agreement, covering the North Sea and Europe, between Marathon Oil Norge, a wholly owned subsidiary of Marathon Oil Corporation, and Aker Solutions. "Our dedicated subsea teams in Norway and the UK look forward to execute
Crowley Maritime Corporation christened the third of four new LNG-ready Jones Act product tankers at a May 5 ceremony at the Julia Street Cruise Terminal in New Orleans. The 600-foot-long, 50,000-dead-weight-ton (dwt), 330,000-barrel-capacity MT Louisiana is capable of carrying crude oil
Marquette Transportation Co. has taken delivery of a new 2,000-hp Z-drive towboat from Master Marine, Inc., Bayou La Batre, Ala. The 78' x 34’ x11' vessel, St. Bartholomew, was designed by Entech Designs, La. for Marquette’s river division, based in Paducah, Ky.
Norsafe has released its first RIB, the Marathon 900, to compliment its range of boat models for professional and military customers. Launched at High Speed Boat Operations in Gothenburg this month, the new Marathon 900 RIB was demonstrated with two newly developed Mercury outboard
Norsafe launched a new boat, the Marathon 900 RIB, the company's first RIB complementing an already wide range of boats for professional and military customers. The Marathon 900 RIB was demonstrated with two newly developed Mercury outboard engines that can run on diesel fuel
Aker Philadelphia Shipyard ASA announced today that its wholly-owned U.S. subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), has entered into definitive agreements with a subsidiary of Marathon Petroleum Corporation (MPC) for the buy-out of APSI's interest in its joint venture with
In September, Marquette Transportation Co. took delivery of a new 2,000-hp Z-drive towboat from Master Marine, Inc., Bayou La Batre, Alabama. The 78 x 34 x 11-ft. St. James was designed by Entech & Associates, for Marquette’s Gulf-Inland division, based in Harahan, La.
Crowley Maritime Corp. today christened the first of four new Jones Act product tankers at the Tampa Cruise Terminal. The 50,000 dead-weight-tons (dwt), 330,000-barrel-capacity ship Ohio is the first tanker ever to receive the American Bureau of Shipping’s (ABS) LNG-Ready Level 1 approval
P&O Maritime has announced the rebranding of its joint venture company Repasa, the Spanish operator of offshore support vessels for the energy industry. P&O Repasa will become the official brand of the joint venture which has expanded its fleet in the offshore towage
In August and September respectively, Marquette Transportation Co. took delivery of the fourth and fifth 2,000-hp Z-drive towboat from Master Marine, Inc., Bayou La Batre, Ala. The 78 x 34 x11-ft. St. Peter was designed by Frank Basile of Entech & Associates, Houma, La
P&O Repasa, a new company formed last year by the acquisition of the majority of the shares in Spanish towage firm Repasa by P&O Maritime, has taken delivery of one Damen Fast Crew Supplier 5009. The vessel will be operated from Malabo on Bioko Island, Equatorial Guinea
Press release - Sailors’ Society is encouraging supporters to be a #HatHero this Woolly Hat Week to raise awareness of the challenges seafarers face daily and to help seafarers in need. Sponsored by Lloyd’s Register, this Woolly Hat Week will be held February 14-21
In December, Marquette Transportation Co. took delivery of a new 2,000-hp Z-drive towboat from Master Marine, Inc., Bayou La Batre, Ala. The 78'x 34’x11' St. John was designed by Entech & Associates, for Marquette’s Gulf-Inland division, based in Harahan, La.
In February, Marquette Transportation Co. took delivery of a new 2,000-hp Z-drive towboat from Master Marine, Inc., Bayou La Batre, Alabama. The 78'x 34’x11' St. Phillip was designed by Entech & Associates, for Marquette’s Gulf-Inland division, based in Harahan, La.
Keppel Offshore & Marine (Keppel O&M), through its wholly owned subsidiary, Keppel Offshore & Marine USA, Inc., has completed the acquisition of Cameron International Corporation's offshore product division, which comprises the LETOURNEAU jackup rig designs, rig kit business
Crowley Maritime Corp. announced it will hold a christening ceremony Thursday, May 5 in New Orleans for the newly built Louisiana, the company’s third of four new Jones Act product tankers. The 600-foot-long, 50,000-dead-weight-ton (dwt), 330