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MARATHON LETOURNEAU

Transocean Agrees to Sell Three U.S. GoM Jackups

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.


Global Marine Announces Two Long-Term Drilling Contracts Offshore West Africa

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


News: Trinity Launches Barge for Marathon

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


LeTourneau Tech Signs $185m Construction

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 Wins US$ 227 Million Contract for Jackup Rig

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.


MN 100: Marathon Petroleum Corporation

MARATHON LOGO.jpg

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 Hosts Launching Ceremony

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 Agrees To Acquire Marathon Canada

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.


Marathon 2Q Profits Plunge with Oil Prices

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 Subsea Alvheim Contract

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


Temporary Waterside Security Zone at Boston

  The Captain of the Port (COTP) Boston is establishing a temporary waterside security zone at the John Joseph Moakley Court House, Boston MA for the court proceedings of the Boston Marathon bombing suspect Dzhokhar Tsarnaev. The security zone will be effective and enforced starting on


Local Glitches Drag U.S. Refinery Capacity Down

U.S. oil refiners work to recover from weekend glitches, fires. Three of the largest U.S. oil refineries will be working to restore operations on Tuesday after a series of weekend glitches temporarily knocked out some 1 million barrels per day (bpd) of processing capacity


Lamprell Delivers Drilling Rig to Dev Drilling

Jindal Pioneer during its successful jacking trial held in December 2014

The Lamprell Group delivers its 12th Super 116E jackup drilling unit.   Lamprell has announced the completion of construction on the jackup rig Jindal Pioneer and its delivery to Dev Drilling Pte Ltd of Singapore, a D. P. Jindal Group Company.    


Building Unions Return to Kentucky Refinery

  Workers represented by the Building Trades Unions will return to Marathon Petroleum Corp's refinery in Catlettsburg, Kentucky on Monday, even as a strike by the United Steelworkers drags into a second week, documents obtained by Reuters show.


Easing US Oil Export Ban Unlikey to Raise Gasoline Prices

A government study on Thursday essentially supported the notion that easing the decades-old restriction on exporting U.S. crude was more likely to lower than raise gasoline prices for American motorists, a conclusion that could ease concerns among lawmakers about changing the policy.


Lamprell to Deliver 2 Additional Rigs for NDC

NDC Chief ExecutiveOfficer, Abdalla Saeed Al Suwaidi, and Lamprell Chief Executive Officer, Jim Moffat, shake hands after signing the contract award for two further high specification jackup drilling rigs which NDC awarded to Lamprell

Lamprell received a new contract award valued at approximately $365 million from National Drilling Company (NDC) for the construction and delivery of two further high specification jackup drilling rigs of a Super 116E (Enhanced) Class. Lamprell was previously awarded contracts by NDC for a


Fourth Rig Delivered to Perforadora Central

Coatzacoalcos is the fourth of five jackup rigs Keppel AmFELS is building for Perforadora Central

Keppel AmFELS LLC, a wholly owned US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Coatzacoalcos, to Mexico’s Central Panuco S.A. De C.V., a subsidiary of Mexico's Perforadora Central S.V. De C.V


EnerMech Secures $53.4m Cranes Contracts

Photo courtesy of EnerMech

EnerMech has secured six new or renewed cranes and lifting contracts in the UK North Sea sector valued in excess of $53.4 million. The Aberdeen headquartered mechanical engineering group agreed extensions to contracts with Apache North Sea, Maersk Oil and Marathon Oil


Marathon Petroleum Repowers Three Towboats

When Marathon Petroleum wanted to repower its inland river towboats, the company turned to its Cat dealer Whayne Power to get the job done. Marathon had installed Cat 3606 engines on the inland waterways vessels in the early 1990s, and twenty years later was ready to repower three towboats with


Jackup Rig Delivered to Abu Dhabi’s NDC

HE Sheikh Saud Bin Khalid Al Qasimi (center) cuts the ribbon for the NDC Shuwehat rig alongside Lamprell CEO Jim Moffat (right) and NDC Chief Executive Officer Abdalla Saeed Al Suwaidi (left)

Lamprell delivers its 11th Super 116E jackup drilling unit Lamprell has completed the construction of jackup drilling rig, the Shuwehat, and has delivered the rig to Abu Dhabi’s National Drilling Company (NDC) within budget and as scheduled. 


DNV GL Targets Safer Approach to Subsea Lifting

(Photo: DNV GL)

The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a new recommended practice (RP). The recommended practice developed by DNV GL provides guidance on the proper design and correct operation


Italy's Help Sought to Extinguish Fire at Oil Port

Smoke rises from an oil tank fire in Es Sider port. A fire at an oil storage tank at Libyas Es Sider port has spread to two more tanks after a rocket hit the countrys biggest terminal during clashes between forces allied to competing governments.

  Libya has called on Italy to send firefighters to prevent a fire spreading out of control at Es Sider, the country's biggest oil port, officials said on Saturday. A rocket hit an oil storage tank last week at the port in the east of the country during clashes between forces allied to


Libya's Oil Output Wanes as Fighting Shuts Ports

Hariga fields still producing but Libya's current output a fraction of pre-2011 levels. Libya is producing 128,000 barrels of oil a day from fields connected to far eastern port of Hariga, an oil official said on Monday, while fighting halts work at major ports Es Sider and Ras Lanuf.


Libyan Oil Output Shrinks as Oil Tanks Blaze

Libya's oil output has shrunk back further after blazing oil tanks at a major terminal helped world oil prices higher and burnt a bigger hole in its dollar currency reserves.   It is surviving on a mere 128,000 barrels per day from fields connected to the eastern port of Hariga


Oil Tanks Destroyed at Libya Port, Others Still Ablaze

Two oil storage tanks remain on fire at Libya's Es Sider oil port while two others have collapsed almost a week after clashes there sparked the blaze, a spokesman for state National Oil Corp (NOC) said on Tuesday.   Fires at two other storage tanks at Libya's biggest oil port had been






 
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