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Oil Exploration Industry News

27 Feb 2013

Wärtsilä Opens Services Workshop in Rio de Janeiro

Photo: Wärtsilä

Wärtsilä, a global leader in complete lifecycle power solutions and services, opens a new services workshop in Niterói, Rio de Janeiro, Brazil on Wednesday February 27 th 2013. The new facilities will strengthen Wärtsilä's presence in Brazil and enable Wärtsilä to support its customers by offering a wide range of workshop services with rapid response times. The new workshop will replace the company's current premises in São Cristóvão, Rio de Janeiro, and is designed to bring logistical advantages for the company and its customers.

26 Jul 2012

Barents Sea Rock Atlas Aids Arctic Energy Exploration

RSI, a geoscience consulting firm to the oil exploration industry, completes several late sales of its Arctic atlas. RSI recently completed several late sales of its 79-well Barents Sea Rock Physics Study and Atlas of Seismic Expression; in total 17 companies have now licensed this product. The total value of the Barents Sea late sales and Mid-Norway exceeds $900,000. RSI CEO Richard Cooper stated, “It is clear that the recent high impact discoveries made by Statoil and partners at Skrugard and Havis have reinvigorated interest in the Barents Sea. With more than 70 blocks available as part of the 22nd licensing round in the Barents Sea, we are delighted that many E&P companies view our comprehensive rock physics study as a key tool for assessing the prospectivity of the region.

17 Apr 2012

Caribbean Lacks Resources to Combat Oil Spills: Jamaica

Participants at the Oil Exploration and Exploitation Forum in Kingston Jamaica.

The Caribbean region, including Jamaica and other small island developing states, lacks the resources to combat a major oil spill, delegates to a regional convention on oil spill prevention and response have been warned. Opening the convention to discuss oil spill prevention, preparedness and response in the Gulf of Mexico, keynote speaker Christopher Cargill, Chairman of the Petroleum Corporation of Jamaica, said that Jamaica and other islands in the region do not have access to vast amounts of resources to combat major oil spills of the magnitude of the BP Deepwater Horizon incident…

20 Dec 2010

New Zealand Oil Well Inspector Too Busy

According to a report from The New Zealand Herald, New Zealand has just one inspector to oversee safety in its oil exploration industry. A government-ordered review released last week found the inspectorate is significantly under-resourced. New Zealand has one inspector at least seven installations. Australia has one inspector for every three installations, Britain one for every two and Norway one per installation. (Source: The New Zealand Herald)

31 May 2007

SeaChange Completes $100m Private Placement for Expansion

SeaChange Maritime has completed a private placement of $100m, the proceeds of which will be used to invest in expanding its fleet of container ships. The company, which is registered in the Marshall Islands and operates from offices in Miami, Fla., was formed in 2006 by former Sammy Ofer group executives Samuel Norton and Yariv Zghoul to serve as a leading supplier of container vessels for charter to integrated liner operators. Prior to forming SeaChange Maritime, Norton served as the senior executive officer of Tanker Pacific Management in Singapore and founded Tanker Pacific Offshore Terminals, a market leader in offshore storage and production solutions for the oil exploration industry.

23 Apr 2001

Galveston’s Simulator Provides Training Opportunities

Marine industry operations will grow and develop with highly trained workers as a result of the expansion and upgrade of the Full Mission Ship Simulator operated by the Texas Maritime Academy. The improvements were made possible by a $250,000 grant to Texas A&M University at Galveston by Houston Endowment Inc., a philanthropy endowed by Mr. and Mrs. Jesse H. Jones. Mike Kemp, vice president and CEO of the campus, said this funding will significantly assist the university in complying with operational standards and technological requirements established by the International Maritime Organization (IMO) and the U.S. Coast Guard (USCG). The Texas Maritime Academy is one of only six in the United States and the only one on the Gulf coast.

19 Jun 2001

Texas Maritime Academy Ship Simulator Attracts All Levels

Marine industry operations will grow and develop with highly trained workers as a result of the expansion and upgrade of the Full Mission Ship Simulator used by the Texas Maritime Academy. The improvements were made possible by a $250,000 grant to Texas A&M University at Galveston by Houston Endowment Inc., a philanthropy endowed by Mr. And Mrs. Jesse H. Jones. Mike Kemp, vice president and CEO of the campus, said this funding will significantly assist the university in complying with operational standards and technological requirements established by the International Maritime Organization (IMO) and the U.S. Coast Guard (USCG). The Texas Maritime Academy is one of only six in the U.S. and the only one on the Gulf Coast.