Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Seahorse Shuttling News

02 May 2002

Conoco Leading the Way for Gulf of Mexico Shuttle Tankers

Seahorse Shuttling and Technology LLC, a wholly owned entity of Conoco, has completed the functional design of a new tanker for shuttling crude oil from the deepwater Gulf of Mexico to shore. double-hulled "GoMAX 550(TM)" shuttle tanker will be capable of transporting 550,000 barrels of crude oil. With a 40-foot draft, the new shuttle tanker will be able to enter most ports in the U.S. Gulf of Mexico. "A major challenge of producing new crude oil discoveries in the deepwater Gulf of Mexico has been developing efficient means of transportation to U.S. refineries," said Antonio Valdes, manager of Conoco Marine. The GoMAX 550(TM) design is the result of a shipbuilding alliance between Conoco, Alabama Shipyard of Mobile, Ala., and Samsung Shipbuilding and Heavy Industries of South Korea.

10 May 2001

Conoco Forms GOM Shuttle Tanker Alliance

Conoco has taken another step toward safe movement of newly discovered crude oil reserves from the deepwater Gulf of Mexico to U.S. refineries by shuttle tankers built in the United States. Conoco's wholly owned affiliate, Seahorse Shuttling and Technology LLC (Seahorse), has formalized an alliance with the Alabama Shipyard of Mobile, Ala., and Samsung Heavy Industries of Korea to develop a design and construction plan that could have American-built shuttle tankers ready for service in 2004. Seahorse was formed by Conoco to provide crude oil storage and tanker shuttling services for new oil discoveries made by Conoco and other companies in the deepwater Gulf of Mexico.

09 Jul 2001

Local Yards Start to Feel the Impact

The U.S. Gulf of Mexico region is again poised to prosper, spurred by the buzz of activity surrounding the oil patch, and specifically the renewed vigor with which companies will explore and develop deepwater fields for the production of natural resources. Though the resumption of business at "full throttle" has taken perhaps a bit longer than many observers would have initially predicted, particularly given the continued high price of oil and gas and the "pro" oil industry political team occupying the White House, it is a safe bet that, at least for the next several years, the offshore oil business will ensure that the marine business in the GOM region is a prosperous one.