Offshore News

Friday, May 05, 2000
Bender and Torch Sign Contract

A contract for the construction of a deepwater construction vessel was signed by Bender Shipbuilding & Repair Co., Inc., and Torch, Inc.

The Guido Perla & Associates-designed 340 x 85 x 31 ft. M/V Midnight Warrior is a current generation construction vessel, equipped to provide offshore flowline installation, offshore umbilical installation and subsea construction and is capable of worldwide operations.

Midnight Warrior is to be ABS-classed, Maltese Cross A1, Maltese Cross AMS, DP-2 Circle E for unlimited international service. The 15,000 hp vessel will be diesel electric, SCR, with three 3,000 hp azimuthing thrusters on the stern and two 2,000 hp tunnel thrusters in the bow.

Proposed Notice of Sale Issued for Western Gulf of Mexico OCS Sale 177

The U.S. Department of the Interior's Minerals Management Service (MMS) is making available the Proposed Notice of Sale for Western Gulf of Mexico (GOM) Sale 177. The sale is scheduled for August 23, 2000, in New Orleans.

Sale 177 encompasses 3,779 unleased blocks, about 20.6 million acres in the Western GOM Outer Continental Shelf Planning Area offshore Texas and in deeper waters offshore Louisiana. The blocks are located from nine to 200 miles offshore in water depths ranging from 26 ft. to more than 9,842 ft. There are 2,152 blocks in water depths of 656.2 ft. or more.

This is the fifth sale in the Western Gulf of Mexico and the eighth sale overall in which blocks receiving bids in water depths of 656.2 ft. or more are eligible for consideration under provisions of the Deep Water Royalty Relief Act.

The Proposed Notice of Sale offers all blocks in water depths of less than 2,624.6 ft. for a minimum bid of $25 per acre. The minimum bid on blocks in water depths of 2,624.6 ft. or deeper is $37.50 per acre.

BP Amoco and ARCO Get FTC Go-Ahead To Combine

BP Amoco and Atlantic Richfield Company (ARCO) announced they have received clearance from the U.S. Federal Trade Commission (FTC) for the combination of their companies. The union, originally agreed a year ago, will create a combined group with a market capitalization of some $200 billion.

BP Amoco chief executive Sir John Browne said: "We are pleased to have received FTC approval. We will now close the deal and rapidly implement the plans we have in place to integrate our operations worldwide. We intend to move quickly to deliver the significant value of this union to the shareholders of the new group."

Coflexip Stena Offshore Continues Fleet Modernization

Coflexip Stena Offshore announced it has sold its vessel, CSO Installer, to Global Marine Systems, Ltd. The vessel is planned to be used for telecommunication cable laying by its new owner.

The vessel was sold by the CSO group as part of its fleet modernization program. The fleet, which currently consists of 15 construction and installation vessels, is among the most advanced in the industry.

The modernization strategy has led the CSO group to launch the construction, for $170 million, of CSO Deep Blue, whch will operate beginning in 2001 at record depths of 8,202 ft., for flexible and rigid pipelay. CSO is also planning to upgrade CSO Constructor for deepwater heavy construction.

McMoRan and Halliburton Form Alliance

McMoRan Exploration Co. and Halliburton Company have announced the formation of a strategic alliance to conduct operations for McMoRan's recently announced major new oil and gas exploration and development program in the Gulf of Mexico. As previously announced, McMoRan has acquired from Texaco Exploration and Production the right to explore 89 oil and gas tracts and McMoRan purchased Shell Offshore Inc.'s, interest in 56 exploratory leases, all in the Gulf of Mexico. These two transactions, together with its current lease inventory, provide McMoRan exploratory rights to 160 blocks covering approximately 750,000 gross acres and the foundation for an aggressive exploration and development program.

McMoRan and Halliburton will develop an organizational structure to include the skills, technologies and resources of both companies' personnel and technical consultants. Halliburton Energy Services, Brown and Root Energy Services, and Landmark Graphics Corporation, all business units of Halliburton Company, will offer integrated products and services to the alliance to the extent practicable, on an exclusive basis. This integrated team will carry out McMoRan's oil and gas activities.

Chase Securities Inc. assisted McMoRan in forming this alliance, and will arrange a $50 million bank facility for McMoRan's use in funding the exploration program. Additionally, Halliburton will have the opportunity to participate in McMoRan's development opportunities in this program by providing a portion of the development financing. The alliance agreement, which is subject to certain conditions, extends through June 30, 2003.

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Motion Compensation Solution for Solan Field

Ampelmann provides access solution for commissioning of the Solan project in West of Shetland   Motion compensated access solutions developer Ampelmann informs

US Issues Potential Setback to Shell's Arctic Drilling

The Obama administration issued a potential setback to Royal Dutch Shell's  Arctic oil exploration plans on Tuesday, telling the company that established wildlife

Ex-BP Engineer Deserves New Gulf Spill Trial -US Appeals Court

A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday.

Cruise Ship Trends

Cruise Ship Collides with Tanker off Gallipoli

A Celestyal Cruises ship suffered structural damage to its bow and was forced to dock at Turkey’s port of Gallipoli after it collided with the Marshal Islands-flagged

Crews Recover Bodies of 9 Victims of Alaska Plane Crash

Emergency crews recovered on Friday the bodies of nine people from the wreckage of a sightseeing plane that remains teetering on a steep rock face after crashing in Alaska, a rescue official said.

Viking Sea Floated Out From Drydock

Viking Ocean Cruises has announced its second ship—the 930-passenger Viking Sea —was floated out from Fincantieri’s Ancona shipyard, marking a major construction

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3154 sec (3 req/sec)