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Deepwater Oil Exploration News

13 Oct 2009

NACE Corrosion 2010

NACE International, The Corrosion Society, has released details for the upcoming Corrosion 2010 Conference & Expo, the world’s largest annual conference dedicated to mitigating the costly global impact of corrosion. Recently, the annual cost of corrosion of the world’s critical infrastructure was found to be over $1.8t by the World Corrosion Organization. The annual event will take place in San Antonio, Texas, March 14 to 18, 2010 and will deliver a comprehensive array of meetings and symposia across a broad spectrum of industries. Corrosion 2010 will bring together more than 5,000 corrosion industry leaders, executives, and decision makers for workshops, forums, and events.

28 Apr 2008

Smit Rises to Record

Smit Internationale, the biggest marine-salvage company, may be heading for a takeover two months after rejecting a $300m bid for its oil-tanker towing unit. The shares, already lifted by record crude prices, have jumped 25 percent since Chief Executive Officer Ben Vree rebuffed the offer for Smit Terminals from Royal Boskalis Westminster NV, the world's largest dredging company, and a Saudi partner. The unit tows vessels to offshore oil and gas terminals. A complete takeover would add 399 vessels and allow the rejected suitor to overtake Svitzer, part of A.P. Moeller-Maersk A/S, as the owner of the world's largest tugboat fleet. Rotterdam-based Smit is ready to hold talks, the report said.

27 Jul 1999

Relocation of Oil Spill Response Vessel

The Marine Spill Response Corp. (MSRC), the country's largest oil spill response organization, will relocate one of its 210 ft. oil spill response vessels (OSRV) to Pascagoula, Miss. MSRC has 16 OSRVs positioned along the coastline of the continental U.S., Hawaii and the U.S. Virgin Islands. The relocated vessel will be strategically placed in the eastern Gulf of Mexico, and wil provide enhanced coverage in an area where increasing industry activity is occuring, particularly with respect to deepwater oil exploration and production. The OSRV will be relocated from Corpus Christi, Texas. MSRC will maintain a skimming barge and significant amounts of other response equipment in Corpus Christi…

15 Mar 2006

Husky Energy to Drill Oil Well in South China Sea

Canadian company Husky Energy will drill an oil well at a water depth of 1,500 M in the South China Sea at the end of April, reported sources with Husky on Tuesday. The well is in block 29/26, one of the 12 deepwater blocks for which the China National Offshore Oil Corporation (CNOOC) invited public bidding in 2002. Covering an area of 3,965 sq km, the contract block has a water depth between 300 and 2,000 meters. According to contract between Husky and CNOOC, the exploration will be divided into three phases. Husky will drill one well in each phase and all expenditures incurred during the exploration period will be borne by Husky. CNOOC will command up to a 51 percent interest in the event of any commercial discovery in the block.