Following a nearly complete shutdown of the oil and gas business in the Gulf of Mexico in the wake of Hurricane Katrina, signs indicate a comeback is starting, slow but steady. According to a Reuters report, oil and gas operations recovered slowly on Wednesday, with oil companies struggling to contact all of their workers and assess damage to rigs. Refinery progress was slow but steady. Three of eight refineries that Katrina completely shut have returned either full or partially, including Marathon Petroleum Co. LLC's large 245,000 barrels per day (bpd) plant in Garyville, Louisiana. Offshore, oil and gas production has also been on the rise after Katrina shut nearly all output. Government figures as of Tuesday showed 58 percent of the Gulf's crude production and 41 percent of its gas production remained shut down. The U.S. Coast Guard has said a total of 56 Gulf offshore platforms have been lost or damaged. Reuters reported that natural gas production this year will drop by about 1.5 percent, according to the U.S. Energy Information Administration.
ABS has been named the design certified verification agent (CVA) for the Shell Olympus TLP, intended for installation on the Mars B field in the Gulf of Mexico's (GOM's) deepwater. The tension leg platform (TLP) will be built at Samsung Heavy Industries, Co. Ltd. in Korea. ABS was also selected as the fabrication CVA for the hull and topsides and the installation CVA for the hull, topsides, piles and tendons. Renamed Olympus (originally Mars B)
According to a report from Reuters, U.S. agencies on April 25 approved a plan to use remote-controlled underwater vehicles to seal a leaking oil well beneath a drilling rig that exploded and sank in the Gulf of Mexico last week. The well, 5,000 feet under the ocean surface off Louisiana's coast, is leaking about 1,000 barrels of oil a day. (Source: Reuters)
According to a May 8 report from the New York Times, Congress is preparing to hold hearings on the April 20 explosion that sank the Deepwater Horizon oil rig. Implicated are BP, the British company that leased the deepwater rig, Transocean, the rig’s owner and operator, Halliburton, which handled a critical procedure about a day before the accident, and Cameron International, which made the blowout preventer that failed to engage
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
Statoil has made an oil discovery in its Miocene Yeti prospect located in the Gulf of Mexico (GoM), the company announced today. “The Yeti discovery expands the proven sub-salt Miocene play further south and west of the Big Foot field,” said Jez Averty, Statoil’s senior vice president, exploration for North America. “We are analyzing data to determine the size of the discovery in order to consider future appraisal options.”
Oil and natural gas production levels and the number of workers on offshore rigs and production facilities were close to or at normal levels today as offshore operations resumed after the threat of Tropical Depression No. 10 passed late last week. Workers remained evacuated from three production platforms, or 0.4 percent of the 834 manned platforms in the U.S. Gulf. All personnel evacuated from rigs have been redeployed to the 89 rigs operating in the Gulf. Approximately 19.3 percent of U.S
RESOLVE Marine Group reports that its vessel RESOLVE Pioneer, the company’s flagship, has been stationed in Key West, Fla. Resolve Pioneer is an AHTS, a multi-service vessel with ice class hull and 80-ton bollard pull, stationed in Key West for an indefinite period -- for emergency response and salvage standby for tanker and other commercial vessel casualties in the Gulf of Mexico, the Caribbean and the U.S. east coast
Statement from BSEE, April 16, 2012 as of 2:30 p.m. CDT The Bureau of Safety and Environmental Enforcement (BSEE) has confirmed that a modest amount of oil is being released from a natural seafloor seep previously suspected as the source of an oil sheen reported last week in the Gulf of Mexico. BSEE, along with natural seeps experts from the Bureau of Ocean Energy Management, viewed videotape from a remote operated vehicle survey deployed by Shell to make the final determination
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
Last month Maritime Reporter had the good fortune to receive insights from a trio of maritime salvage leaders – Paul Hankins, Tim Beaver & Jim Elliott – garnering insights on one of the most challenging and ever-changing sectors of the maritime market.
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
Statoil appoints new chief financial officer (CFO), and launches business area for New Energy Solutions (NES). Three new executive vice presidents (EVPs) are appointed as members of the corporate executive committee (CEC). CFO Torgrim Reitan is appointed EVP for Development &
The Nigeria Liquefied Natural Gas company (NLNG) has shipped 3,200 liquefied natural gas (LNG) cargoes by Q2 of 2015, since it began international gas exports in 1989, the managing director, Babs Omotowa said, reports Business Day.
SBM Offshore is pleased to announce it has signed a Production Handling Agreement (PHA) with Noble Energy to produce the Big Bend and Dantzler fields to the Thunder Hawk DeepDraft (TM) Semi located in 6,060 feet of water in the Gulf of Mexico (GoM).
A joint operation by Maritime New Zealand (MNZ) and the New Zealand Defence Force – Operation Moana – has seen 16 fishing vessels operating off the west coast of the South Island boarded and inspected to ensure they are meeting environmental and safety standards.
Delta SubSea Secures U.S.-Flagged DP-2 IMR/Construction Support Vessel for Deepwater ROV Operations in the GoM. Delta SubSea, LLC (DSS) has entered into an agreement with a subsidiary of Hornbeck Offshore Services, Inc. (HOS) for the HOS Bayou
Ocean Installer has been awarded a contract for SURF support work in Brazil for Saipem. The contract which will see the Normand Clipper in Brazil for 8 months is valued at circa USD 50 million, with options to extend. Ocean Installer will support Saipem with their installation of multiple Steel
Oceaneering International, Inc. has entered into a two-year, multiservice vessel charter agreement with Shell Offshore Inc. for use of the Ocean Alliance in the U.S. Gulf of Mexico (GOM) commencing January 1, 2015. The Ocean Alliance is a U.S
Impact of $50 oil and Petrobras implosion on contracting in the floating production sector The drop in oil/gas prices and ongoing implosion in Petrobras have combined to create a perfect storm in the deepwater sector. More than 170 projects involving oil production floaters and 35
Fire broke out on an unmanned oil platform in the Gulf of Mexico approximately five miles south of Port Fourchon, La., the Bureau of Safety and Environmental Enforcement (BSEE) reported. BSEE is responding to the damaged unmanned platform in South Timbalier (ST) Block 27
Kongsberg Maritime has purchased approximately 5.2 acres for new construction on an 82,980 sq ft office and training facility. Construction on the James Business Park property located on James Drive East in St. Rose, Louisiana is scheduled to begin this spring.
25 Units Orders in 2014: 10 FPSOs, 1 Barge, 4 FLNGs, 7 FSRUs & 3 FSOs The overall number of orders is similar to the average ordering pace over the past 10 years, during which an average of roughly 25 production and storage floaters were ordered annually.
Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GOM crude oil production through 2016. EIA projects GOM production to reach 1.52 million barrels per day (bbl/d) in 2015 and 1
This month’s featured INSIGHTS executive is Steven A. Candito, President and CEO of the National Response Corporation (NRC). He has extensive experience with OPA 90 compliance issues with particular focus on vessel owner and insurance matters