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Central Gom

MMS Opens Central GOM Lease Sale 213

The Director of Minerals Management Service, Liz Birnbaum, will participate in the Central Gulf of Mexico Lease Sale 213 in New Orleans on March 17.  She will open the Federal oil and gas lease sale at 9 a.m. CDT at the Louisiana Superdome with brief remarks.  Following the bid reading, she will hold a media availability to discuss the results of the sale. The sale, held by the U.S. Department of the Interior’s Minerals Management Service (MMS), encompasses 6,958 unleased blocks covering more than 36.9 million acres offshore Louisiana, Mississippi, and Alabama. Approximately 4.1 million unleased acres in the “181 South Area” are included in this sale, with Alabama, Mississippi, Louisiana, and Texas sharing in revenues from tracts leased in that area. Blocks are located in Federal waters from three to more than 230 miles offshore, in water depths of about 10 feet (three meters) to more than 11,200 feet (3,400 meters). MMS estimates that this sale could result in production of approximately 0.8 to 1.3 billion barrels of oil and 3.3 to 5.4 trillion cubic feet of natural gas.   Who:    Liz Birnbaum, MMS Director Chris Oynes, MMS Associate Director for Offshore Energy Minerals Management Lars Herbst, MMS Gulf of Mexico Regional Director What:    Central Gulf of Mexico Lease Sale 213 When:    Wednesday, March 17, 2010 9:00 a.m. CDT for opening remarks and bid reading


Ultra-Deepwater Program Funding for Remora

The Research Partnership to Secure Energy for America (RPSEA) selects Norway's Remora for negotiations leading to funding awards The Statement of Work (SOW) covers a 1 year study involving US operators and execution of Industry related work shops addressing various HiLoad DP offloading scenarios in the US Gulf of Mexico (GoM). "Remora is pleased to learn that RPSEA and the US Department of Energy (DOE) have acknowledged the HiLoad DP solution and that our technology has been


Spirit Energy 76 Sets Production Record at GOM's Vermilion 39 field

Unocal Corporation's Spirit Energy 76 unit said its 100 percent owned Vermilion 39 field recently set a new all-time production record. A redevelopment program that began last year allowed production from the 50-year-old field to reach 17,500 boepd at year end. In addition, the program allowed more than seven million boe in new reserves to be added to Spirit's 1999 ledger. The year-end rate was 10,000 boepd higher than when the redevelopment program began in April 1999


MMS Responds with Royalty Relief Modifications

The U.S. Department of the Interior's Minerals Management Service (MMS) has updated two Notice to Lessees (NTL) to help the domestic industry adjust to and survive low prices. "Oil prices, adjusted for inflation, are down to levels last seen in the early 1970's," said Carolita Kallaur, associate director, Offshore Minerals Management Program. "While benefitting consumers generally, unanticipated price drops have some adverse consequences for society


Keppel Constructs First FPSO for GOM

Photo courtesy Keppel Group Corporate Communications

Keppel Shipyard Limited (Keppel Shipyard) is on track to deliver the first floating production storage and offloading (FPSO) vessel for the US Gulf of Mexico (GoM) to BW Pioneer Ltd, an affiliate of BW Offshore. Named on Oct. 26 at Keppel Shipyard, the vessel BW Pioneer will be turret moored at a water depth of about 2,600 metres – by far the deepest for an FPSO. The FPSO, which is nearing completion, has achieved an impressive safety record of more than four million incident-free


Oceaneering Announces Vessel Charter

Oceaneering International, Inc. (NYSE:OII) has announced that it has entered into a five-year charter for use of the Cade Candies, a multi-service subsea support vessel owned by Otto Candies LLC.  The charter is expected to commence during the second quarter of 2013.   This state-of-the-art, U.S. flagged vessel was built in 2010.  It has an overall length of approximately 309 feet (94 meters), a Class 2 dynamic positioning system, accommodations for 69 personnel


GLM Score Up Despite Softening GOM

Global Marine's (GLM) Summary of Current Offshore Rig Economics (SCORE) rose 0.6 percent in June 2001, despite a reduction in the Gulf of Mexico. "Softening jackup rates due to declining natural gas prices have taken a toll on the Gulf of Mexico SCORE," said Bob Rose, GLM's chairman, president and CEO. "However, strong oil prices have continued to fuel improvement in international offshore rig markets."


Central Gulf Lines Seeks Transfer Authorization

Central Gulf Lines, Inc., has requested the necessary permissions to transfer one authorization granted under Section 615 of the Merchant Marine Act, 1936, as amended, to a wholly owned subsidiary. Central Gulf’s subsidiary intends to acquire a ship construction contract to be entered into between Liberty Shipping Group Limited Partnership and Oshima Shipbuilding Co., Ltd., for the construction of one 52,200 DWT multipurpose bulk ship


Jones Act OSV New-build Program Expanded by Hornbeck Offshore

A Hornbeck OSV: Photo courtesy of Hornbeck Offshore

Hornbeck Offshore expands OSV new-build program, anounces retrofits & other related developments. The Company has exercised the first four of its 48 options to build additional HOSMAX vessels at an aggregate incremental cost of approximately $180 million, excluding construction period interest, for vessel deliveries in the fourth quarter of 2014 and first quarter of 2015.  These four new vessels will expand the Company's fifth OSV newbuild program


Webtool Emergency Cutting Tools

Photo: Allspeeds Ltd.

Allspeeds Ltd. designs and manufactures the Webtool range of cutting and gripping tools. In addition to the standard range, Allspeeds has manufactured a bespoke emergency cutting tool. The tool was supplied to an organization operating a number of floating production storage and offloading systems and will be used in the work of the Marine Well Containment Company (MWCC), an independent company that provides well-containment equipment and technology in the deepwater U.S. Gulf of Mexico.


Treasure Hauled from SS Central America Shipwreck

Gold coins and a gold box lie in situ on the site of another shipwreck (Black Swan) site salvaged by Odyssey Marine Exploration (Photo courtesy of Odyssey Marine Exploration)

Odyssey Recovers Over 13,500 Silver and Gold Coins as Well as Gold Ingots, Dust, Nuggets and Jewelry From SS Central America Shipwreck; Newly Released Inventory Provides First Look at Time Capsule of Gold Rush-Era Treasures Odyssey Marine Exploration, Inc


China lends Argentina $7.5 bln for Power, Rail Projects

Argentine President Cristina Fernandez and her Chinese counterpart, Xi Jinping,

  Argentina signed deals on Friday to borrow $7.5 billion from China at a time when the Latin American country cannot tap global capital markets because of disputes over unpaid debt. Among the deals signed, Argentine President Cristina Fernandez and her Chinese counterpart


DNV GL Launches Regulatory Requirements Roadmap for Floaters in US

DNV GL has mapped out what is necessary to be in compliance with USCG requirements to operate FOIs, FSOs and FPSOs in US waters.

  In the first comprehensive overview of its kind, DNV GL has mapped out what is necessary to be in compliance with US Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in US waters. The roadmap document called “Verification for compliance with United States


DNV GL Publishes Regulatory Roadmap for Floaters in the US

Photo courtesy of DNV GL

DNV GL announced it has mapped out what is necessary to be in compliance with U.S. Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in U.S. waters. In what DNV GL is calling the first comprehensive overview of its kind , the roadmap document entitled “Verification for


Baltic Exchange, LCH.Clearnet in Ship Tie-Up

London's Baltic Exchange and clearing house LCH.Clearnet are in talks about a tie-up over the Baltic's freight derivatives platform, the two groups said on Friday. Volumes have remained low on the loss-making Baltex multilateral trading facility since it started in June 2011


Offshore Floating Production Market Update

Jim McCaul, IMA

Currently, 320 oil/gas floating production units are now in service, on order or available for reuse on another field.  FPSOs account for 65% of the existing systems, 76% of systems on order.  Production semis, barges, spars and TLPs comprise the balance


Climate Change Could Cost Europe $260 Billion

Connie Hedegaard, European Commissioner for Climate Action (Photo courtesy of the European Commission)

If no further action is taken and global temperature increases by 3.5°C, climate damages in the EU could amount to at least $260 billion (€190 billion), a net welfare loss of 1.8% of its current GDP. Several weather-related extremes could roughly double their average frequency


PPG to acquire Consorcio Comex

  PPG Industries, a world leader in protective and marine coatings, announced that it has reached a definitive agreement to acquire Consorcio Comex, S.A. de C.V. (Comex), an architectural and industrial coatings company with headquarters in Mexico City, Mexico. The transaction is valued at $2


Centrgaz to Construct South Stream in Serbia

Serbian section of South Stream

  Today in Belgrad (Serbia) South Stream d.o.o. entered into a contract with Centrgaz, which won the bidding for the South Stream gas pipeline construction in the Republic of Serbia. Centrgaz, part of Gazprom Group, will focus on design, procurement, construction and installation activities


Pertamina Awards EPCI Contract for Matindok Gas Project

The contract covers the engineering, procurement, construction and installation of gas well pads, flowlines, pipelines besides a central processing plant

  Technip, in a consortium with PT Wijaya Karya (Persero) Tbk (WIKA), was awarded an onshore lumpsum contract by PT Pertamina EP for the Matindok Gas Development project located in Central Sulawesi, Indonesia. The contract covers the engineering, procurement


BG Group Completes Sale in CATS

CATS courtesy BG Group

  BG Group today announced it had completed the sale of its 62.78% equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners. Total proceeds from the transaction, announced on 17 June 2014


Beier Radio, Sentinel, Expand, Move to New Offices

Beier Radio logo

Beier Radio, LLC says that with Sentinel Controls it has relocated operations to a new facility in Gray, Louisiana, along the bustling Central Gulf coast near Houma.  In addition, Beier Radio’s corporate office for administration and sales has moved from Belle Chasse to Mandeville


Exercise of Options : Roxi Petroleum Plc.

  Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, announces that following the exercise of options 125,000 new shares ("Option Shares") have been issued. Roxi will apply for these 125,000 Option Shares to be admitted to trading on AIM and it is


Seattle-Based Coast Guard Cutter Gets New Commanding Officer

Capt. Laura Dickey (left) and Capt. Brendon McPherson (right) shake hands after McPherson relieved Dickey as commanding officer of Coast Guard Cutter Midgett, a 378-foot high endurance cutter homeported in Seattle

Capt. Brendon McPherson  relieved Capt. Laura Dickey as commanding officer of Coast Guard Cutter Midgett, a 378-foot high endurance cutter homeported in Seattle, during a change-of-command ceremony presided over by Vice Adm. Charles Ray, commander of Coast Guard Pacific Area


MOL Coal Carrier to Serve Tohoku Electric Power

Soma Maru (courtesy of MOL)

Mitsui O.S.K. Lines, Ltd. (MOL) today announced that the coal carrier Soma Maru, which will serve Tohoku Electric Power Co., Inc., was delivered at Mizushima Shipyard of Sanoyas Shipbuilding Corporation on July 17, 2014. The vessel, which was jointly developed by Sanoyas Shipyard and MOL






 
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