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Deep Down

Deep Down Constructs Carousel System

Deep Down, Inc. (OTC Bulletin Board: DPDW), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, announced that it has completed the design and has begun construction of a 3,200 metric ton Carousel System, which is scheduled for completion early in the third quarter of 2010. Upon completion the Carousel System will be located in the Gulf Coast, to facilitate the handling of umbilicals from transportation vessels onto the Carousel, and with the ability to store up to three separate steel tube umbilicals for projects in the region.  


Ocean Installer Appoints Head for New U.S. Office

Michael Newbury. Photo: Ocean Installer

Ocean Installer appointed Michael Newbury as President for its U.S. office, located in Houston, Texas. The office has been established to cater for projects run out of the US. Entering his new position in April 2013, Michael Newbury brings with him managerial experience and track record from the U.S. subsea industry. He comes from a position as Vice President for Operations and Business Development with the U.S.-based subsea contractor Deep Down, Inc. and has senior experience from the U.S


NAVSEA's Salvage Engineers Recover Plane Materials

By Naval Sea Systems Command Office of Corporate Communications Naval Sea System Command's (NAVSEA) Supervisor of Salvage and Diving (SUPSALV) performed an aircraft search and recovery of an EA-6B "Prowler," Aug. 17-20 near Guam.  The recovery utilized the Navy's Remotely Operated Vehicle (ROV) "Deep Drone" operating from the Military Sealift Command's USNS Salvor (T-ARS 52).  The EA-6B crashed into the Pacific Ocean in 6,500 feet of water Feb


Environmentally Sensitive Drilling Solutions

Photo courtesy Statoil

Statoil is the first operator in the U.S. Gulf of Mexico to adopt the Riserless Mud Recovery (RMR) system that reduces discharges to sea. This environmentally sensitive drilling solution has been used on the Discoverer Americas drill ship on the Statoil-operated Krakatoa prospect.   "The RMR system allows us to circulate the mud, reducing the total mud consumption and discharges to sea to a quarter of the amount compared with conventional methods


ROV Cable Solution for Deep Ocean Research

ROV cable, umbilicals & tether designs showcased by Nexans at Oceanology 2012 Show Nexans, a worldwide expert in the cable industry, is at Oceanology 2012 to promote its wide range of cable solutions developed to meet the specific needs of workclass ROV manufacturers and operators. Nexans’ specialized ROV cable manufacturing facility in Norway can produce steel armoured umbilicals for vehicles commonly used for trenching, ploughing


Lerwick Harbor sees Positive Outlook

LERWICK HARBOR

  Lerwick's importance as a gateway for Shetland’s communities and industries is underlined by an increase in passenger traffic, cargo handled and fish landed in 2014. Passengers were up 11.8% to 179,352, with numbers on the roll-on/roll-off nightly ferries between the port and Kirkwall and Aberdeen increased by 2% to 135,629 compared with the previous year, despite the two vessels being off-route in sequence for a total five weeks for biennial servicing


Oil, Gas Industry Push Deeper

The oil and gas expanded the offshore drilling frontier in the Gulf of Mexico. Already one of the most explored basins in the world, the Gulf of Mexico’s deepest hydrocarbon deposits will be auctioned off later this year, the result of political maneuvering in the waning moments of the last Congress. This new area will attract interest from companies with deep pockets and lots of patience, according to industry experts.


M.V. Servant I and Ocean Rover Utilize Port Freeport

The dockwise vessel M.V. Mighty Servant I is currently docked and preparing its deck to load the oil rig MODU Ocean Rover. The M.V. Mighty Servant I, a semi-submersible heavy lift vessel, will shift to Port Freeport’s deep-berthing area and ballast down to a depth that will allow the rig to float onto the deck of the ship. The rig arrived on November 18th at 11:45 a.m. and moored next to the monopiles at the deep water berth


Port Terminal Proposal Rejected

Transport Minister Tony McNulty accepted the recommendation of the Dibden Bay Inquiry Inspector to turn down proposals for a new container terminal on Southampton Water. This decision was based on the individual merits of this application. Associated British Ports proposed to build a 1.85 kmlong, six berth deep water quay at Dibden Bay covering some 240 hectares of the site, known as the Dibden Reclaim, and taking some 76 hectares of intertidal foreshore


Hi-speed Subsea Drill Reaming System Success

Statoil G-4 AHT2 rig floor: Photo credit Deep Casing Tools

Aberdeen-based Deep Casing Tools, completes  first operation of its 'Turbocaser' in the Norwegian North Sea, with a successful 21 hour reaming run. The Turbocaser™ Express is a high-speed drillable reaming system that enables drilling teams to land casings and intermediate liners at target depth first time. Two conventional attempts to run a 7” liner to total depth (TD) had been unsuccessful in the Statoil operated Gullfaks’ satellite well


Keppel Profits Fall

Image: Keppel Offshore & Marine

 Singapore-based rig builder Keppel Offshore & Marine saw profits fall for last year along with revenues. It also revealed work had slowed on rigs being built for Sete Brasil with the Brazilian company not making payments in over a year.  


Jinhui Issues Profit Warning As Dry Bulk Plummets

Photo: Jinhui Shipping and Transportation Limited

 Jinhui Shipping and Transportation Limited expects to record a wider net loss for the fourth quarter and year ended 31 December 2015, compared to a year earlier on account of record-low freight rates in the dry bulk shipping market.  


ABB Makes 5 km Subsea Operations Safe

MT6027 UItra Deep Sea Courtesy ABB

Marine software and hardware to assist multi-purpose diving support vessels in complex deepwater projects Power and automation technology group ABB will provide the technology that will help three vessels safely carry out construction and maintenance tasks up to 5 kilometers under water


GPA Executive Director to Step Down

Curtis Foltz (Photo: GPA)

Curtis Foltz steps down; Griff Lynch named new executive director of Georgia Ports Authority   Georgia Ports Authority (GPA) executive director Curtis J. Foltz will step down at the end of the fiscal year, June 30, the port authority’s board of directors announced today.  


TGS Revenue Plunges

  Seismic player TGS saw its revenue severely dented by weak market conditions in the fourth quarter and expects its multi-client survey investments to be more than halved this year on lower activity. Based on a preliminary review of sales and investments


Retail Imports Wind Down After End of Holiday Season

Jon Gold (Photo: NRF)

With the holiday season over, import cargo volume at major U.S. retail container ports is expected to slowly decline through the first quarter of the year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.  


Scaling The Heights And Plumbing The Depths

Table: Clarksons Research

 With tanker owners “on top of the world” and their dry bulk counterparts often feeling like they are “staring into the abyss”, 2015 was a year of contrasting fortunes across bulk shipping, says Clarksons Research.  


Shanghai Port Profit Falls; First Drop in Four Years

Shanghai International Port Group Co Ltd, the operator of the world's busiest container port, posted a 4 percent fall in its 2015 preliminary net profit, marking the first decline since 2011 as China's economy slows. Shanghai Port, whose container throughput totalled 36


Oil Prices Fall to New 12-year Lows

Global oil prices plummeted to 12-year lows on Monday, with U.S. crude futures falling to the lowest since late 2003, as traders cited fears over slowing demand in China and a growing inventory glut.   The move was exacerbated by U.S. stocks turning negative late morning


World Fishing Fleet: Vietnam Grows the Fleet

Owner Capt. Trinh Van Hung is justifiably proud of his new boat. (Haig-Brown photos courtesy of Cummins Marine)

In keeping with their reputation as a nation that can overcome all obstacles, Vietnam is rebuilding its aging fishing fleet. With a government program of soft loans, designated Decree 67/ND-CP, fishermen are building boats along 28 coastal provinces from the north to the south of Vietnam.


All-electric Paddlewheeler Tours Texas Lake

Lone Star (Photo: Torqeedo)

Winding its way through downtown Austin, Texas, is scenic Lady Bird Lake, a gas-restricted reservoir of the Colorado River. Lone Star Riverboat Cruises guides visitors through the picturesque surroundings in Lone Star, a 75-foot double-decked paddlewheel


US Crude Falls as Market Braces for More Iranian Oil

U.S. crude oil futures fell in early Asian trade, heading lower after posting the first significant gains for 2016 in the previous session, as the prospect of additional Iranian supply looms over the market.   West Texas Intermediate (WTI) was down 33 cents at $30.87 a barrel at 0103 GMT


Chariot Starts Namibia Seismic Work

Operations in Nimibia Courtesy Chariot Oil & Gas

 Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, today announces that in conjunction with its partners AziNam (20%), NAMCOR (10%) and Ignitus (5%), it has commenced a 3D seismic acquisition survey of approximately 2


Outlook for Listed Dry Bulk Companies in 2016

Graphics: Drewry Shipping Consultants Limited

 Investors suffered massive wealth erosion in 2015, as share prices of dry bulk companies kept tumbling during the year, says Drewry Maritime Equity Research (DMER).   DMER’s shipping index, which is based on the market cap of leading dry bulk companies, was down ~43% in 2015


Box Rates Drop, Chinese New Year No Help

File Image:Maersk

Falling shipping freight rates for transporting containers from Asia to Northern Europe on Friday showed there was no traditional surge in cargo exports from China ahead of the Chinese New Year, indicating a bleak outlook for the industry.






 
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