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Amerada Hess Corporation News

19 Apr 2021

NOIA Elects Tim Duncan as Chairman, Paul Danos as Vice Chairman

(File photo: Talos Energy)

The National Ocean Industries Association (NOIA) board of directors has elected Tim Duncan, president & CEO of Talos Energy, as chairman and Paul Danos, owner, president and CEO of Danos, as vice chairman for the 2021-22 term. Duncan and Danos were confirmed in their positions during a virtual NOIA Board of Directors meeting on April 14.NOIA president Erik Milito said, “The offshore energy industry continuously lifts society in so many ways. The leadership from Tim and Paul will help NOIA continue to advocate successfully for the promise of American offshore energy.

25 Jan 2002

Transocean Sedco Forex Receives Contract Awards

Transocean Sedco Forex Inc. announced that it has been awarded contracts for two high specification floating drilling rigs and has received a contract extension on a third high-specification floating drilling rig. The semisubmersible Sovereign Explorer has been awarded a one-year primary term contract from Amerada Hess Corporation through its Triton Equatorial Guinea, Inc. business unit for drilling operations offshore Equatorial Guinea. The one-year contract, which provides for a one-year extension period, is expected to commence in early March 2002, following mobilization of the rig from the North Sea. Revenues expected to be generated over the one-year contract period, excluding mobilization and demobilization fees, could total approximately $33 million.

15 Mar 2002

Rowan Gorilla V Contract Dispute Is Resolved

Rowan Companies, Inc. reported that an agreement has been reached to resolve a dispute over the Rowan Gorilla V contract between its subsidiary, British American Offshore Limited (BAO), and Amoco (UK) Exploration Company (Amoco UK), now owned by BP p.l.c. The settlement agreement was made between BP Amoco Corporation, BP Amoco p.l.c., BP Exploration Operating Company, BP America, Inc., Amoco (UK) Exploration Company ("Amoco UK"), Amoco Production Company, Amerada Hess Limited, Amerada Hess Corporation and Enterprise Oil p.l.c. (collectively, the "BP Amoco Affiliated Parties") on the one hand, and Rowan Companies, Inc., LeTourneau, Inc. and British American Offshore Limited ("BAO") (collectively, the "Rowan Affiliated Parties") on the other.

18 Jun 2002

FEATURE: Staking a Claim in GOM and Beyond

Todd Hornbeck, who has quickly yet judiciously built a sizeable marine company at Hornbeck Offshore Services, Inc. in just five years, shares with MarineNews the secrets of his success. Upon meeting with Todd Hornbeck, President and CEO of Hornbeck Offshore Services, Inc. at the literal epicenter of big oil dollars - the recent Offshore Technology Conference (OTC) in Houston - one is continuously struck with the contrasts of the man and mission. "Cutting edge, but very conservative and practical in our approach to business" is his description of the company. The son of a successful entrepreneur who survived the devastating oil downturn of the early to mid 1980s…

21 Jun 2005

Concordia Signs Charter with Hess

P-MAX tanker with the U.S. oil company Amerada Hess Corporation. rate will be $23,000 per day. run between the Caribbean and US East Coast. electricity. Production. ticker symbol AHC. freight economy. manoeuvrability. trafficked passages. command centres for manoeuvring. period starting November 2005. signed with the Russian logistics company Progretra.

29 Jun 2006

Concordia Takes Delivery of Stena Performance

Concordia Maritime took delivery of Stena Performance, the forth vessel in the P-MAX series of total eight vessels. The vessel is as previously announced chartered for five years to the American oil company Amerada Hess Corporation.

16 Mar 2006

GOM Lease Sales Up 38%

Near record oil and gas prices led to robust bidding in an offshore federal lease sale today. The Central Gulf of Mexico Lease Sale 198, garnered $588,309,791 in high bids from 82 companies for oil and natural gas leases in the Federal waters of the Gulf of Mexico. The total of all bids was $978,310,887. This represents a 38% increase over last years Central Gulf Sale. The sale, held March 15 in New Orleans, was conducted by the Minerals Management Service. In Sale 198 the agency received 707 bids on 405 tracts. Johnnie Burton, Director of the Minerals Management Service, spoke briefly at the sale. “The Department is committed to working with all interested parties to enhance energy development in an environmentally responsible manner in available areas of the Gulf,” she said.

23 Aug 1999

Central Gulf of Mexico Sale Nets $159.1 Million

The U.S. Department of the Interior's Minerals Management Service (MMS) announced the completion of the two-phase bid evaluation process for Lease Sale 172. This sale, held March 17, 1999, received 272 bids on 207 tracts offshore Louisiana, Mississippi, and Alabama. Of the 207 high bids received, MMS rejected 16 high bids totaling $12.7 million as insufficient for fair market value. Two of the tracts are located on the shelf and 14 tracts are located in deepwater. As a result, MMS awarded $159.1 million in high bids. Sonat Exploration GOM Inc. Spinnaker Exploration Company, L.L.C. BHP Petroleum (Deepwater) Inc. Elf Exploration, Inc.

27 Jan 2000

Noble Drilling Files Suit

Noble Drilling Corporation, along with its subsidiaries Noble Drilling Services Inc. and Noble Drilling (U.S.) Inc., has filed suit against Samedan Oil Corporation and Mariner Energy, Inc. for breach of contract. In recent years, Noble Drilling has focused on increasing the number of rigs in its fleet capable of deepwater offshore drilling. A principal component of this deepwater strategy has been the conversion and upgrade of rigs to drill in water depths greater than 5,000 ft. Five of the six rigs in this program have been delivered under long-term contracts. Noble Max Smith was delivered on December 22, 1999 for use by Amerada Hess Corporation.

14 Jan 2000

Noble Drilling Completes Fifth Conversion

Noble Drilling Corporation announced its fifth successful EVA-4000TM semisubmersible conversion, Noble Max Smith, commenced its mobilization to its first location in Alaminos Canyon for Amerada Hess Corporation. The unit, capable of drilling in water depths up to 6,000 ft., will undergo final commissioning of its marine systems when it arrives on location. Upon completion of commissioning, the rig will commence drilling operations under its contract with Amerada Hess Corporation. The conversion of Noble Max Smith was completed in 14 months, which was approximately eight months faster than the first EVA-4000TM semisubmersible conversion, Noble Paul Romano. Additionally, the estimated total conversion cost is anticipated to be approximately four percent below the construction budget.

14 Oct 2002

Hornbeck Offshore Reports 2Q Results

Hornbeck Offshore Services, Inc. announced that revenues for the quarter ended June 30, 2002 increased 39.2 percent to $21.3 million compared to $15.3 million for the same quarter in 2001. Operating income was $8.2 million or 38.6 percent of revenues for the second quarter of 2002, compared to $6.4 million or 42.1 percent of revenues for the same quarter in 2001. Second quarter 2002 net income was $2.8 million compared to net income of $3.1 million for the second quarter 2001. The significant increase in the Company’s revenue in the second quarter 2002 over the prior year was due to the increase in size of the Company’s fleet since April 2001.