According to an Associated Press report from August 31, the equipment failures blamed for the Gulf oil spill might have been detected if the owners of the Deepwater Horizon continued to have the rigs’ drilling equipment verified by independent experts — something federal regulators mistakenly thought was happening offshore. This lapse in the offshore energy industry's safety net has emerged as a key finding in the joint federal inquiry by the Coast Guard and Bureau of Ocean Energy Management, Regulation and Enforcement into the largest offshore oil spill in U.S. history. (Source: Associated Press)
According to Salomon Smith Barney's mid-year weather outlook, the La Nina weather pattern stands to increase the number of hurricanes in the Gulf of Mexico this season and energy operations in the area must be monitored closely for any disruptions the storms may inflict,.
SeaArk Marine, Inc, of Monticello, Ark. has announced immediate plans to expand their production capacity to better meet the needs of the Gulf Oil Crisis. “Unfortunately, it appears this catastrophe is going to be around for some time” said Ken McFalls, Vice President of Sales. “We already have the manpower and overflow facilities to handle emergency situations such as this. It’s just simple matter of putting these resources to use
On June 11, the Maritime Cabotage Task Force issued this statement regarding the Gulf oil spill and the Jones Act: The American maritime industry supports immediate action to address the unfolding environmental disaster in the Gulf. Federal law called the Jones Act requires that American vessels be used for domestic transportation activities in the U.S., and countless American vessels are already responding in the Gulf
National Oil Spill Commission Set a Press Conference Date to Release Its Final Report: Deep Water: The Gulf Oil Disaster and the Future of Offshore Drilling Who: Commission Members Sen. Bob Graham, Co-Chair William K
A tanker has started loading crude at Libya's eastern port of Hariga for the first time in nearly nine months, after a federalist group agreed to re-open it last week, a state oil company official said on Wednesday. The tanker Aegean Dignity arrived at the port on Tuesday. Arabian Gulf Oil Co, a subsidiary of state National Oil Corp .(NOC), was able to raise output at its main oilfield, Sarir, to 50,000 barrels per day as a result.
An improvement has been made over the past month in oil and natural gas output in the Gulf of Mexico, which was interrupted last year when hurricanes Katrina and Rita damaged production platforms. Just over 15 percent of the normal daily oil production in the region is still blocked from market by platform shutdowns, compared with 21.6 percent on May 3, according to the Minerals Management Service, which manages federal offshore leases.
Sealub Alliance Americas, Inc., an affiliate of Gulf Oil Marine Ltd. headquartered in Hong Kong, announced a fully operational manufacturing and supply and distribution network in the United States and select areas of Canada. Sealub Alliance Americas is now producing all marine products in four blending facilities and has established a comprehensive distribution network to support delivery operations in more than 80 ports in the U.S. and Canada
As part of ongoing research nearly four years after the Deepwater Horizon oil spill, scientists from the Woods Hole Oceanographic Institution (WHOI) will team up with a group of high school students in Florida to collect remnants of oil from Gulf Coast beaches this week. Marine chemist Chris Reddy studies how the many compounds that compose petroleum hydrocarbon, or oil, behave and change over time after an oil spill
Cabinda Gulf Oil Company Limited, a Chevron subsidiary in Angola, has extended the current contract for the ultra deepwater semi-submersible Mærsk Deliverer expiring in June 2015 by two years. Mærsk Deliverer has since 2012 been working for Chevron and its partners on the Tombua Landana field offshore Angola. With the contract extension the rig will be on contract until June 2017. The estimated revenue potential from the two-year contract extension is USD 387m plus compensation
A special Offshore Supply Vessel (OSV) has been delivered to Shell for its deepwater operations in the Gulf of Mexico. The vessel, Harvey Energy, is chartered from Harvey Gulf International Marine and is the first of its kind in the region to run on both liquefied natural gas (LNG) and
Gulf Coast Shipyard Group (GCSG) informed that Harvey Energy, the first LNG vessel operating in the United States—for Shell Upstream America’s deep water operations in the Gulf of Mexico—is fully in service. The first of six LNG OSVs being built for Harvey Gulf
The U.S. Department of the Interior sold leases on oil and gas properties in the Gulf of Mexico today, receiving $538.7 million in high bids. The U.S. Department of the Interior's Bureau of Ocean Management (BOEM) took bids for 169 tracts on the U.S
While short-term news emanating from the global energy sector was universally negative in the waning months of 2014 as the price per barrel continued to plummet below $60, the inevitable truth of oil & gas is that prices will rise again
Chevron Corporation (NYSE: CVX) announced that crude oil and natural gas production has begun at the Jack/St. Malo project in the Lower Tertiary trend, deepwater U.S. Gulf of Mexico. Jack/St. Malo is a key part of Chevron's strong queue of upstream projects and was delivered on time and on budget
RWE Dea doubled its oil and gas production in Egypt and drawn up expansion plans. North Africa is a strategic core region for Dea. The company is one of the leading foreign investors in Egypt and produces oil and gas in the country for 30 years by now
Mermaid has secured a 2-year contract for its dive support vessel, ‘Mermaid Commander’, to provide subsea construction support in the Gulf of Thailand for a repeat international fabrication and installation contractor whose end customer is a major international upstream oil and
Three of Mexico's major oil export ports along the Gulf coast have been closed due to bad weather, the Communications and Transport Ministry said on Tuesday. Cayo Arcas, Dos Bocas and Coatzacoalcos have been closed since Sunday.
Traders are shipping West African crude to the United States to store the oil until prices recover, as the global glut forces them to source any tanks available and as seaborne cargoes are able to compete better on price with U.S. crude.
Glencore, Suncor, ENI, Vitol all booking tankers; U.S. crude oil stocks at highest ever level for time of year. Traders are shipping West African crude to the United States to store the oil until prices recover, as the global glut forces them to source any tanks available and as seaborne
The United States District Court for the Eastern District of Louisiana yesterday ruled on the issues raised in the Phase 2 trial of the Deepwater Horizon case: the quantification of oil spilled and BP’s source control efforts following the accident. The Court found that 3
Iran’s 33rd naval fleet has foiled pirate attacks on two Iranian tankers during the first days of its presence in the open waters and the Gulf of Aden. The timely presence and action of the Iranian Navy’s 33rd Flotilla thwarted the attack by pirate speed boats
A U.S. judge on Thursday rejected BP Plc's attempt to reduce the maximum civil fine it could face for its role in the 2010 Gulf of Mexico oil spill, leaving it potentially liable to pay $13.7 billion under the federal Clean Water Act. U.S
Iran's elite Revolutionary Guards staged war games in the Strait of Hormuz on Wednesday, including a gunboat attack on a model U.S. warship, in Tehran's latest display of military muscle in a Gulf shipping channel vital to world oil exports.
Industrial LTE wireless broadband services provider Infrastructure Networks, Inc. (INET) is deploying a pilot LTE system in the Gulf of Mexico. INET said its pilot deployment will be used to demonstrate the capabilities of industrial LTE wireless broadband service and coverage when