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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


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


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


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


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


Helix Hit Deepwater Oil in Gulf of Mexico

Helix Energy Solutions Group discover high quality pay oil in deep water 145 miles offshore from Galveston, Texas The Danny II exploration well was drilled to a total depth of approximately 14,750 feet, in water depths of approximately 2,800 feet. The well is currently being completed and most likely will be developed via a subsea tie back system to the company's 70% owned and operated East Cameron Block 381 platform located approximately 31 miles to the north in 370 feet of water


ExxonMobil 1Q Profits Plunge 63%

Rex W. Tillerson, chairman and chief executive office ExxonMobil

Highlights   * Earnings of $1.8 billion decreased 63 percent from the first quarter of 2015.   * Earnings per share were $0.43 assuming dilution.   * Cash flow from operations and asset sales was $5 billion, including proceeds associated with asset sales of $177 million.


Lerwick Harbor sees Seasonal Boost

Offshore vessels Bibby Polaris and Viking Neptun at Greenhead Base, currently supporting projects West of Shetland. Photo by Alexander Simpson

The opening of the offshore season in northern waters has seen specialist oil industry vessels return to Lerwick Harbor during April to support subsea development projects. This month has also brought the first cruise ship of the year to the Shetland port for what promises to be a record-breaking


Baltic Index Down for Third Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday for the third straight session, as demand for bigger vessels weakened.   The overall index, which factors in rates for capesize, panamax


Maersk Mulls Acquisitions after Surprising Profit

File Image: a Maersk containership alongside (Maersk)

Fragmented sector chasing alliances to cut costs; Maersk has plenty of cash for deals - CEO. A.P. Moller-Maersk returned to profit at its main container shipping business in the first quarter, putting the cash rich company in a strong position as the struggling industry consolidates.


Singapore Ranks #1 by Fleet Value per Capita

Singapore Maritime Week 2016

This week is Singapore Maritime Week 2016, when the city-state celebrates its role as the major hub for shipping in the region, Singapore has good reason to celebrate: according to mapping, ship search and valuation provider, VesselsValue, Singapore owners control just under 2


Northwest Seaport Alliance’s Auto, Container Volumes Rising

Photo: Northwest Seaport Alliance

The Northwest Seaport Alliance of Seattle and Tacoma reported that auto imports and container volumes posted gains through the first quarter of 2016.   Building off last year’s record-breaking volumes, March marked the highest volume of auto imports in more than a decade


Algerian Crude Returns to US East Coast

Phillips 66 has purchased a cargo of Algerian crude oil for its Bayway refinery in New Jersey for the first time since 2013, two sources said, the latest U.S. refiner on the East Coast to shun domestic crudes in favor of cheaper imports.  


Baltic Index Up Slightly as Smaller Vessels Support

The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities, rose marginally on Thursday as steady demand for smaller vessels offset weaker rates across capesize and panamax vessels.   The overall index, which factors in rates for capesize, panamax


Postal Stamp Celebrates Maritime History

©2016 USPS

The U.S. Postal Service has previewed a new stamp highlighting California’s San Francisco Maritime Historical Park with a photograph of an iconic three-masted sailing ship. The stamp is the 14th of 16 new Forever Stamps to be revealed over a three-week period to celebrate the National


DP World Volume Up 3.7%

Sultan Ahmed bin Sulayem, DP World Group Chairman and Chief Executive Officer Photo DP World

DP World Limited today held its Annual General Meeting for the year ended 31 December 2015.  DP World Chairman, Sultan Ahmed Bin Sulayem, made the following statement regarding operational performance in the first quarter of 2016.  


Baltic Index Dips on Weaker Rates for Bigger Vessels

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday, hurt by lower rates for capesize and panamax vessels.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Subsea 7 Profits Dip in Q1

Photo: Subsea 7

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period. Adjusted EBITDA meanwhile was $284 million with an Adjusted EBITDA margin of 38 percent


Baltic Index Down on Lower Capesize, Panamax Rates

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Friday, as demand for capesize and panamax vessels fell.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Chevron Suffers Loss, Plans Job Cuts

Photo: Chevron Corp

 Chevron Corp. reported a first-quarter loss as slumping oil prices continued to drag down revenue. The company said that it is "on target" to lay off a total of 8000 workers by the end of 2016, up from a previously stated goal.  


India's Highest non-coking coal discharge at Gangavaram Port

Gangavaram Port achieves record by discharging 1,56,339 metric tons of Non-Coking Coal from the vessel M.V. Cape Asia in 24 hours Photo Gangavaram Port

Gangavaram Port, the deepest and the most modern port in the country, has created yet another historical milestone record by discharging 1,56,339 metric tons of Non-Coking Coal from the vessel M.V. Cape Asia in 24 hours. This achievement stands out as the fastest discharge rate in the history of






 
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