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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


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


Generaly Rate Restoration by CMA CGM

  In a continued effort to provide quality services, CMA CGM group hereby informs of a Rate Restoration Program: Effective February 5th, 2015: From India, Pakistan and Sri Lanka ports to North Europe, Med Sea, Scandinavia, Baltic, Black Sea, North Africa, Central American, Caribbean and South America: Dry and Reefer cargo: USD 400 per 20’ USD 600 per 40’ From India, Pakistan and Sri Lanka ports


BOEM Proposes 10 GOM Lease Sales for 2017-2022

The Bureau of Ocean Energy Management (BOEM) proposes to conduct 10 oil and gas lease sales in the federal waters of the Gulf of Mexico (GOM), as outlined in the 2017-2022 Draft Proposed Leasing Program.     BOEM published in the April 29, 2015, Federal Register, a Notice of Intent (NOI) to prepare an Environmental Impact Statement (EIS).  The NOI seeks input on the scope of the 2017-2022 GOM Multi-sale EIS for these ten proposed GOM Lease Sales


Exploration In The US Gulf Of Mexico

Graph: Clarksons Research

 49 ultra-deepwater field discoveries have been made in the last decade in the US Gulf of Mexico (GoM), says Clarksons Research.   Offshore E&P in the US GoM began in the 1930s, picking up pace in the 1950s. By the end of 1975, a total of 444 shallow water fields had been discovered in the area and 256 of these had been brought into production.    Gas fields predominated, accounting for 75% of discoveries and 31% of start-ups


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


Demand for Offshore Vessels:

 Activity in the Port of Lafourche, LA.

Growing In Deepwater Gulf of Mexico.   GOM SITREP As the feds issue more drilling permits for the Gulf, demand for offshore support vessels in the GOM deepwater sector has accelerated, industry members say. Anger about the government's spill-related, drilling moratorium--which ended a year and a half ago--has given way to optimism recently. The region's shallow-water sector, nevertheless remains slow and gives little cause for cheer.  


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


CMA CGM Reorganises Its Asia - West Africa Services

Map: CMA CGM

 In line with the West Africa market trend, CMA CGM Group adapts its service offering while continuing to improve its service reliability and cost efficiency.   Starting 1st week of March 2017, CMA CGM Group has decided to streamline its product offering from 5 to 4 direct weekly


More than 1,300 Migrants Rescued at Sea in One Day

More than 1,300 migrants were rescued in 13 separate missions in the Mediterranean on Friday, bringing the total helped over the last three days to more than 2,600, the coast guard said.   The migrants, who were aboard 13 vessels, were saved in the central Mediterranean by ships from the


WFSA Ferry Safety & Technology Conference set for May

File Image (CREDIT: WFSA)

Mark your calendars- Ferry Safety & Technology Conference, May 11- May 12, in New York.   The Worldwide Ferry Safety Association is now gearing up for its 2017 Ferry Safety & Technology Conference, which will be held May 11 – 12


S.Korea Court Declares Hanjin Bankrupt

File Image: credit Hanjin

A South Korean court declared Hanjin Shipping Co Ltd bankrupt on Friday, after ruling earlier this month that the firm's liquidation value would be worth more than its value as a going concern.   Hanjin Shipping, which had been the world's seventh-largest container shipper


Iran, Kazakhstan Deal for Shipping JV

Photo: IRISL GROUP

 The chief executive officers of Islamic Republic of Iran Shipping Line (IRISL) and Kazakhstan’s KTZ Express – a subsidiary of the country’s national railways company- signed an agreement for establishing a joint company.  


India Rolls out Sagarmala Development Company for USD 15 Bln Maritime Push

The Union Minister for Shipping,  Nitin Gadkari inaugurating the Sagarmala Development Company’s office premises, in New Delhi on December 26, 2016. The Secretary, Ministry of Shipping, Rajive Kumar is also seen

 India's Minister of Shipping Nitin Gadkari has said that projects worth Rs. 1 Lakh Crore (USD 15 Bln)  under Sagarmala programme are at various stages of implementation and development.    He was speaking to the press at a ceremony  to inaugurate the Sagarmala


Yaroslavsky Rolls Out Lead Seagoing Tug

Pic: Yaroslavsky shipbuilding plant

 Yaroslavsky Shipbuilding Plant says it has launched the seagoing tug of project 23470.    The vessel named Sergei Bulk is the lead tug in the series of five vessels ordered to the shipyard by RF Defence Ministry. The vessel designed by Baltsudoproekt bureau was launched on


Mediterranean Migrant Arrivals Reach 1,159; Deaths at Sea:27

Image IOM

Region-Country: Europe and Central Asia / Switzerland Switzerland - International organization for migration (IOM) reports that 1,159 migrants and refugees entered Europe by sea in 2017, through 12 January, arriving mostly in Greece and Italy, compared with 22


China, Vietnam Agree to Manage South China Sea Spat

Chinese President Xi Jinping and his wife Peng Liyuan attend a welcoming ceremony held by General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong  and his wife Ngo Thi Man in Hanoi, Vietnam, Nov. 5, 2015. File photo:  Foreign Ministry, China

China and Vietnam pledged to manage maritime differences over the South China Sea and safeguard peace and stability.   Communist Party chiefs of China and Vietnam agreed in Beijing on Thursday that two countries should expand cooperation in various fields including maritime exploration and


DSME CEO Questioned over Accounting Fraud

Photo by DSME Co.,Ltd

 The chief executive of struggling Korean shipbuilder Daewoo was questioned by state prosecutors on Tuesday over allegations that the yard tried to cover a major deficit in 2015 by underreporting losses.   According to a report in Yonhap, Jung Sung-leep, 66


CMA CGM Strengthens Asia-East Coast South America Links

French container shipping major CMA CGM has upgraded its SEAS1 and SEAS2 services, now providing two departures per week between Asia and the East Coast of South America.    The group will thus provide two departures per week between Asia and the East Coast of South America


OPC, CHEC ink deal for Puerto Cortes expansion

Yu Wu (left), CHEC America Marketing Director and Mariano Turnes, OPC Chief Executive Officer, seal the contract to expand Puerto Cortes. Photo  ICTSI

Operadura Portuaria Centroamericana SA de CV (OPC) has signed a contract with China Harbour Engineering Company (CHEC) for the first phase of the expansion of the Specialized Container and Cargo Terminal in Puerto Cortes, Honduras.   


Caterpillar mulls Global Headquarters in Chicago

Image Caterpillar

Caterpillar Inc. announced today it will locate a limited group of senior executives and support functions in the Chicago area later this year and reaffirmed the ongoing importance of its presence in Peoria and Central Illinois. “Caterpillar’s Board of Directors has been discussing


Contship Italia Volumes rise

La Spezia Photo Contship Italia Group

Contship Italia Group, Italy’s leading maritime container terminal and intermodal operator saw an increase in handled volume of 1.7% and 9.7% increase in transported volumes for 2016.   The group’s Maritime Container Terminal business saw an increase of 109


S.Korea Court to Declare Hanjin Bankrupt on Feb. 17

A South Korean court said on Thursday it decided to end Hanjin Shipping Co Ltd's court receivership process and expects to declare bankruptcy on February 17 after a two-week period for appeals.   The Seoul Central District Court said in a statement that it made the decision as the firm's






 
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