Marine Link
Friday, March 29, 2024
SUBSCRIBE

Offshore Oil Patch News

12 Apr 2021

A Favorable Fetch for US Offshore Wind

© Fokke / Adobe Stock

Offshore wind caught a favorable gust with the 2020 election of Joe Biden, and the following breeze from the early 2021 reconfiguration of the U.S. Senate toward Democrats. Though widely touted as a growth engine for maritime businesses (as well as shoreside trades), the latter years of the Trump administration seemed to see delay after delay.The class society DNV has been involved in offshore wind since its outset in the early 1990s, and now has 2,000 energy experts working in its efforts supporting this power source.

06 Oct 2020

US Gulf Platforms Shutting as Hurricane Delta Strengthens

(Photo: NOAA)

Energy companies were securing offshore production platforms and evacuating workers on Tuesday, some for the sixth time this year, as a major hurricane took aim at U.S. oil production in the Gulf of Mexico.Hurricane Delta, the 25th named storm of the 2020 Atlantic Hurricane season, was churning in the Caribbean with sustained winds of 140 miles per hour (225 kph), already a dangerous Category 4 storm that is expected to scrape across Mexico's Yucatan peninsula and re-enter the…

20 Dec 2017

Marine News' Top 10 Stories of 2017

Plucked from the headlines, the top stories of 2017 were compelling, and each provided impact to the domestic waterfront and in particular – the workboat sector. Follow along as Marine News recaps the highlights, drama and significant events that shaped the past 12 months. When Elaine Chao was sworn in to be the U.S. Secretary of Transportation, the Washington veteran brought a welcome burst of competence to the position. Her wide-ranging experience across the maritime sector and prior service at the U.S. Department of Transportation, Maritime Administration, and the Federal Maritime Commission uniquely positions her to understand the critical role that the waterfront plays in the intermodal equation. Soon after taking her chair, she was joined by another familiar face at Marad. Rear Adm.

12 Oct 2017

Market Snapshot: Offshore Outlook

(Source: Vessels Value)

Notwithstanding the recent surge in crude oil prices, it isn’t lost on anyone that the offshore oil exploration business is, and has been for some time, in the doldrums. In the U.S. Gulf, that pain can be seen through Chapter 11 filings and the sobering specter of vessel after vessel rolling off the shipyard ways and directly into cold iron layup. And, it doesn’t help that the shore-based shale drillers have not only found a way to drastically reduce their operating expenses, but also how to turn the valve off and on, seemingly at will, in response to market conditions.

08 May 2008

"We Need to Talk About the Jones Act ..."

This is an open letter to the offshore oil and gas industry operating on the outer continental shelf. We need to talk about the Jones Act and the other cabotage laws that require you to use U.S.-flag vessels to transport cargo and people from one part of to another. You already know that, as the association that represents the owners and operators of flag workboats, we are willing to fight to protect the Jones Act. And we know that a lot of you don’t like the Jones Act and wish it didn’t exist.