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Phillips Petroleum News

14 Sep 2021

Oil Output, Vessel Traffic Halted as Nicholas Lashes Texas

© JACoulter / Adobe Stock

Hurricane Nicholas on Tuesday took another swipe at U.S. Gulf Coast energy facilities, cutting offshore oil and gas output gradually recovering from the last storm and disrupting power to onshore pipeline, gas and chemical plants.Royal Dutch Shell halted production its Perdido offshore oil platform due to heavy winds, and U.S. liquefied natural gas producer Freeport LNG said processing at its Texas coast facility was halted, likely due to a power outage.Power losses briefly cut Colonial Pipeline's main gasoline and diesel lines out of Houston…

08 Nov 2019

50 years of LNG imports in Japan

Japanese gas buyers marked the 50th anniversary since the first cargo of liquefied natural gas arrived in Japan, now the world’s biggest importer of the fuel.On November 4th, 1969, LNG was first imported to Japan. Tokyo Electric Power Company (now JERA Co., Inc.) and Tokyo Gas, through Mitsubishi Corporation acting as a buyer’s agent, started receiving LNG in 1969 from the Alaska LNG Project with Phillips Petroleum (now ConocoPhillips) as a seller.Demand for LNG and natural gas is expected to further increase globally, especially in the emerging countries. The role of LNG and natural gas is expected to expand further in the next half century…

06 Nov 2019

Japan Marks 50 years of LNG Imports

File Image: AdobeStock / © Fotmart

Japanese gas buyers on Wednesday marked the 50th anniversary since the first cargo of liquefied natural gas (LNG) arrived in Japan, now the world's biggest importer of the fuel.The arrival of the cargo on Nov. 4, 1969 helped transform Japan's energy system, which had relied on oil, coal and gas from coal in an era of high growth, before nuclear power was developed.But Japan's energy situation is undergoing huge changes in the wake of the Fukushima nuclear disaster in 2011, which…

15 Jul 2019

OP/ED: Stronger Together

Image CREDIT: AdobeStock / ©_Ian Dyball

In 1941, geologist Orval Lester Brace stated “it may be tentatively assumed that the Gulf of Mexico is a potential source of salt-dome oil. Whether or not it will be economically feasible to explore these waters for the domes that must exist is a question for the future to answer.”  The future hypothesized by Mr. Brace was not nearly as far off as it seemed. Less than six years after his proclamation, Kerr-McGee Oil Industries, along with Phillips Petroleum, Stanolind Oil and Gas Co…

18 May 2014

Howard Thill Joins Devon to Succeed White

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,” John Richels, Devon’s president and chief executive officer said. Prior to joining Marathon, Thill was director of investor relations with Phillips Petroleum Co. He began his career with Phillips in 1982 as a drilling fluids sales/service engineer.

30 Apr 2014

The History of Offshore Energy

Gracing the cover of the June 1, 1957 edition was a  “Huge Oil Drilling Barge” the Margaret which was one of the largest ever built at 300 ft. long, 200 ft. wide and 93 ft. high, capable of an operating depth of 65 ft. Margaret was built by Alabama Dry Dock & Shipbuilding Company for the Ocean Drilling and Exploration Company, New Orleans.

Offshore exploration is a history of man v. Prospecting for oil is a dynamic art. From a lake in Ohio, to piers off the California coast in the early 1900s, to the salt marshes of Louisiana in the 1930s, to the first “out-of-sight- of-land” tower in 1947 in the Gulf of Mexico, the modern offshore petroleum industry has inched its way over the last roughly 75 years from 100 ft. of water ever farther into the briny deep, where the biggest platform today, Shell’s Perdido spar, sits in 8,000 ft. of water. As a planet, we have two unquenchable thirsts – for water and for oil.

13 Feb 2013

Advanced Subsea

For more than 35 years, Advanced Subsea (AS) has been deeply involved in marine technological innovation. Through steady research and partnerships with research institutes in France and Brazil, Advanced Subsea has been developing new tools, procedures and methods for monitoring oceanographic and meteorological parameters. AS is an independent French company specialized in deep water subsea construction support and services with its head office in Paris and support offices in Houston, Luanda and Rio Janeiro. Advanced Subsea’s Modeling & Forecast Services are based on a partnership between Advanced Subsea SAS & LEGOS – CNRS Laboratory for Geophysics & Spatial Oceanography.

29 Jun 2011

Hornbeck Offshore New Directors, Promotion of Exec Officer

Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that John T. Rynd and Kevin O. Meyers, Ph.D. have been appointed to its Board of Directors (the "Board"), effective June 23, 2011. Mr. Rynd and Dr. Meyers were appointed to fill the vacancies created by a prior resignation and the Board's decision to increase the number of its directors from seven to eight members. In addition, at the Company's Annual Meeting on June 23, 2011, the shareholders reelected Todd M. Hornbeck and Patricia B. Melcher to the Board. John T. Rynd. Since June 2008, Mr. Rynd, 54, has served as the Chief Executive Officer and President, and as a director, of Hercules Offshore, Inc. (NASDAQ: HERO), a publicly traded global provider of offshore contract drilling, liftboat and inland barge services.

20 Aug 2010

CNOOC Changes to Senior Management

The board of directors of CNOOC Limited announced that Mr. Fu Chengyu, an Executive Director of the Company, will be re-designated as a Non-executive Director of the Company. Mr. Fu remains the Chairman of the Board. Mr. Li Fanrong, a Non-executive Director of the Company, will be re-designated as an Executive Director of the company. The re-designations of Mr. Fu and Mr. Li will become effective from 16 September 2010. Born in 1951, Mr. Fu received a B.S. degree in geology from the Northeast Petroleum Institute in China and a master degree in petroleum engineering from the University of Southern California in the United States. He has over 30 years of experience in the oil industry in the PRC. He previously worked in China’s Daqing, Liaohe and Huabei oil fields.

21 Jul 2010

The BOPstopper, by American Int’l Industries

American International Industries, Inc. announced that Subsea Oil Technologies, Inc., 50% owned by AMIN, has been assigned U.S. patent application number 12/822,324 entitled "Method and Apparatus for Containing an Undersea Oil and/or Gas Spill Caused by a Defective Blowout Preventer (BOP)," filed on June 24, 2010. The prosecution of the patent application at the United States Patent and Trademark Office (USPTO) has been entrusted to the law firm of Volpe and Koenig, P.C., which is located in Philadelphia, Pennsylvania. Mr. Dror stated, "We believe that the invention disclosed by this patent application (the "BOPstopper") is one of the first to be filed at the USPTO to specifically present possible solutions to contain oil and/or gas spills…

25 Nov 2008

Statoil Appoints Michelsen, Nes, Myrebøe

As of Nov. 10, Øystein Michelsen, Helga Nes and Gunnar Myrebøe have been appointed members of StatoilHydro's corporate executive committee. Mr. Michelsen will take up the position as executive vice president for the Exploration & Production Norway business area, Mr. Myrebøe is to hold the same post in the Projects business area and Ms. Nes will lead the area for corporate staffs and services. Øystein Michelsen graduated as Master of Science from the Norwegian University of Science and Technology (NTNU) in 1980. He joined Hydro in 1981, starting at Hydro's research center in Porsgrunn. In 1985 he started in Hydro Oil & Energy where his posts included safety manager for the Brage project…

31 Oct 2008

Breivik Acting Exec VP - StatoilHydro

Mr. Breivik will succeed Hilde Merete Aasheim who will leave StatoilHydro on the same date to take up her new position as executive vice president of Aluminium Metal in Norsk Hydro. Gunnar Breivik is currently senior vice president of StatoilHydro's health, safety and environment cluster. Mr. Breivik will continue to hold the responsibility for this field as well. After completing his chemical engineering studies as a chartered engineer at the of Science and Technology (NTNU) in 1981, Mr. Breivik was employed by Phillips Petroleum before he started working for Norsk Hydro in 1985. Gunnar Breivik held a number of positions in Hydro Oil & Energy…

16 Oct 2001

Maureen to be Reused and Recycled

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, which brings the total value of Aker Maritime's work with Maureen to NOK 1 500 million. Working with Phillips, Aker Maritime was closely involved in the planning and executing for the refloat of the 110 000-tonne steel platform in the UK sector. cleaning.

05 Dec 2001

Great Ships of 2001 -- Polar Endeavour

Representing an important milestone for U.S. commercial shipbuilding, the delivery of the 141,740-dwt Polar Endeavour signaled the unfolding of a major new chapter of investment in the fleet dedicated to coastwise transportation of Alaskan crude oil. Giving first form to the Millennium concept, the tanker has been purpose-designed for trade in the world's most environmentally-sensitive waters. While Polar Tankers' main requirement of the Millennium-class is to ship crude to Puget Sound from the Trans Alaska Pipeline terminal at Valdez, the series is also suited to the needs of the traffic to California and Hawaii. The program had been implemented in 1997…

05 Dec 2001

Great Ships of 2001 -- Polar Endeavour

Representing an important milestone for U.S. commercial shipbuilding, the delivery of the 141,740-dwt Polar Endeavour signaled the unfolding of a major new chapter of investment in the fleet dedicated to coastwise transportation of Alaskan crude oil. Giving first form to the Millennium concept, the tanker has been purpose-designed for trade in the world's most environmentally-sensitive waters. While Polar Tankers' main requirement of the Millennium-class is to ship crude to Puget Sound from the Trans Alaska Pipeline terminal at Valdez, the series is also suited to the needs of the traffic to California and Hawaii. The program had been implemented in 1997…

09 Jan 2002

Northrop Grumman Names Retired Rear Adm. Yount To Head Operations At Avondale Facility

Grumman Corporation announced today that Rear Adm. George R. Yount, USN (Ret.), has been named vice president of the company's Ship Systems sector, with responsibility for operations at the Avondale facility. Rear Adm. Yount, 55, will join Ship Systems' senior management team in mid-January. ship management personnel involved in ship construction as well as production planning, scheduling and facility engineering. Rear Adm. Yount will also serve on the Ship Systems Policy Council which influences all future Northrop Grumman Ship Systems business decisions.\Rear Adm. for Integrated Warfare Systems, Naval Sea Systems Command. "We are delighted to have George Yount join our Ship Systems team," said Dr. Philip A. of Northrop Grumman Ship Systems. Rear Adm.

12 Mar 2002

Keppel FELS Delivers Rig

Keppel FELS Limited, the world leader in the construction of jackup rigs, has successfully designed and built its first KFELS MOD V “B” class ultra premium jackup drilling unit. Built for Chiles Offshore Inc. (AMEX: "COD") (CHILES), Chiles Discovery is the benchmark for a new generation of ultra premium deep-well drilling rigs. Keppel FELS received an early delivery bonus for Chiles Discovery, a testament of its excellent project management and executing capabilities. The company was also awarded bonuses for good safety performance, as well as delivering a rig that exceeds its original design parameters. The Chiles Discovery showcases…

12 Apr 2002

Polar Discovery to be Christened at Avondale

Polar Tankers, Inc. is set to unveil its third state-of-the-art Endeavour Class double-hulled tanker, the POLAR DISCOVERY, during a christening ceremony on Saturday, April 13, at the Northrop Grumman Ship Systems Avondale shipyard in New Orleans. Phillips Petroleum Company, parent of Polar Tankers, is building five Endeavour Class tankers. The contract cost of the POLAR DISCOVERY is valued at $168 million. The Endeavour Class tankers, also known as the Millennium Class, are the first crude-oil carriers being built for the Alaska trade in compliance with the federal Oil Pollution Act of 1990. The first tanker, the POLAR ENDEAVOUR, arrived in Valdez, Alaska, on its maiden voyage in July 2001. The new POLAR DISCOVERY tanker will join the Polar Tankers fleet in 2003.

07 May 2002

Farstad Releases First Quarter Results

Farstad Shipping achieved for the first three months of 2001 an operating income of $38.4 million. The result before taxes was $16.8 million Farstad Shipping obtaines estimates for the market value of the vessels twice each year, by half-year and the year-end. NOK 83.98 ( NOK 65.59). March. The vessel has after delivery traded the spot market in the North Sea. delivered by Brevik Construction AS to IOS in March. The vessel departed for Australia to enter a 7 year contract with the oil company Woodside. In March Far Scotsman left the North Sea for Australia where the vessel started a two year contract with Phillips Petroleum Pty. Scotsman has during this charter been chartered into IOS from Farstad on a bareboat contract. Sea for Brazil.

14 May 2002

Subsea Houston 2002 To be Held Sept. 24

Subsea Houston 2002 will be held Tuesday, Sept. 24, 2002 at the Houston Intercontinental Hotel. This, the 3rd annual conference, is expected to be attended by well in excess of 300 delegates. Last year's event, held at the Westchase Hilton and Towers was attended by hundreds of operators, subsea manufacturers, financial analysts and leading offshore service and supply companies. The focus of this year's event is development beyond 10,000 FSW. Quest Offshore announced the appointment of oits ur Subsea Houston Advisory Committee whose members will help guide the program and presentations.

07 Jun 2002

U.S. Shipbuilding: Prospects Abound, but Where’s the Money?

While the U.S. commercial shipbuilding industry outperformed the U.S. economy between 1992 and 2001, this period witnessed the construction of barely a dozen large ocean going vessels for our U.S. domestic trades with an aggregate cost of not much more than $500 million. In contrast, U. S. national transportation needs for the current decade will require the construction of four to five dozen such commercial vessels which, taken together with the building of smaller vessels to meet our other domestic needs, will involve shipbuilding contracts in excess of $6 to $7 billion. The majority of this work is federally mandated by the Oil Pollution Act of 1990, or involves the replacement of vessels in our U.S. non-contiguous trades that have reached the end of their useful lives.

31 May 2002

Northrop Grumman Delivers Second Double-Hulled Tanker

Northrop Grumman Corporation's Ship Systems sector delivered the tanker Polar Resolution in a brief ceremony at its Avondale Operations in New Orleans, La. Polar Resolution is the second of five 140,000 deadweight (DWT) Endeavour-class double-hulled crude oil carriers Northrop Grumman Ship Systems is building for Polar Tankers, Inc., a wholly owned subsidiary of Phillips Petroleum Company. "The delivery of this second double-hulled tanker underscores our commitment to compete in profitable commercial shipbuilding," said Dr. Philip A. Dur, corporate vice president and president, Northrop Grumman Ship Systems. The Endeavour-class tankers are the first crude oil carriers being built for the Alaskan trade in compliance with the federal Oil Pollution Act of 1990.

30 Mar 2000

Houston Ship Channel Re-opens

An evacuation alert was rescinded Wednesday afternoon for a one-mile ring around a Rohm and Haas Co. chemical plant near Houston after a dangerously overheated tank of highly flammable acrylic acid was cooled by firefighters, the company said. A mile-long stretch of the Houston Ship Channel, which had been closed as a precaution on Wednesday morning, was reopened at about 6:00 p.m. local time. It was the second evacuation along the row of refineries and plants near Houston in three days. On Monday, one person was killed and 74 injured by an explosion at the nearby Phillips Petroleum Co. plastics plant in Pasadena, Texas. A Rohm and Haas spokeswoman said workers at the plant detected the high temperatures at the tank on Wednesday morning.

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