Marine link
 

Houston Exploration

Interest in Offshore Exploration in Greenland Growing

Several of the world's largest oil companies hope to tap into possible offshore oil and gas reserves as Greenland opened a new round of concessions for exploration licenses in the fragile Arctic region. Eyes of an oil-thirsty world have turned to the shores of the semiautonomous Danish territory amid rising fuel prices, Mideast instability and concerns over future supplies. The Greenland government hopes to make big gains from any reserves found in its icy waters, but environmentalists say oil exploration there could damage a sensitive region already under threat by global warming. The names of companies attending the meeting and what conditions the Greenland government would put forth for exploration in the Disko Bay- the area being opened for the current round of concessions- remained undisclosed. Oil exploration off west Greenland started in the 1970s but stopped after five failed drilling attempts. Activities resumed in 2001 off Nuuk, the Greenland capital. Canadian company EnCana last year became the first company to win a license for offshore oil and gas exploration off Nuuk.In 2008, Calgary, Alberta-based EnCana is expected to start drilling in areas believed to have reserves ranging from 400 million to 1.2 billion barrels of oil. (Source: Houston Chronicle)


OTC Announces New Board Members

The Offshore Technology Conference (OTC) board of directors elected the 2004-2005 chairman and vice-chairman during this year’s event that took place 5-8 May at Reliant Center at Reliant Park in Houston. Members of the OTC Board are appointed to four-year terms by their respective society or organization. The OTC Board includes 13 representatives, 11 from OTC’s sponsoring organizations and two from OTC’s endorsing organizations


MMS Names Mineral Revenues Stewardship Award Winners

Timely payment of royalties and accurate reporting have earned four energy companies the Mineral Revenues Stewardship Award, the Department of the Interior’s Minerals Management Service (MMS) announced today. The oil and gas industry places a high value on the award. “We are recognizing these companies for their exceptional performance in production reporting and timely payment of royalties to the Federal Government,” MMS Director Johnnie Burton said


BP Disaster Strands Billions of Barrels of Crude

According to a May 13 report from Bloomberg, a regulatory crackdown on offshore oil drilling after the fatal rig explosion in the Gulf of Mexico will delay development of U.S. deposits with billions of barrels of crude and may spawn industry job cuts. BP Plc, ConocoPhillips, Petroleo Brasileiro SA, Cobalt International Energy Inc. and Plains Exploration & Production Co. are among explorers with projects on hold in the Gulf or coastal California after the April 20 explosion prompted federal


Technip Wins Important GofM Subsea Contract

Technip awarded Murphy Exploration & Production Co. contract for development of Dalmatian Field in Gulf of Mexico. The lump-sum contract is for work at a water depth ranging from 530 to 1,800 meters on a field  jointly owned by Murphy and Ecopetrol America Inc., comprised of the De Soto Canyon Blocks 4, 47, 48 and 91. The project consists of a subsea tie-back to an existing Gulf of Mexico platform. The contract covers: project management, engineering


Merger Talks Feed Energy Sector Deal Speculation

Employees work in a lab at the Halliburton Co. facility in Houston.

  Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said. Competing service companies including National Oilwell Varco Inc and Weatherford International may also be targets, bankers and lawyers said. In any deal, the incentives will be the same: consolidation would allow them to better weather the downturn and


Finalists Named for DOI’s 2006 Safety Awards for Excellence (SAFE)

Fifteen offshore energy companies have been named national finalists for the Department of the Interior’s 2006 Safety Awards for Excellence (SAFE) competition. Sponsored by the Minerals Management Service (MMS), the SAFE awards are presented annually to Outer Continental Shelf (OCS) oil and gas operators and contractors who achieve excellence in safety and pollution prevention. Established in 1983, the SAFE Awards recognize and honor companies making concerted efforts to train and motivate


BP Shares Deepwater Well-capping Expertise

Under the Technology License Agreement, BP will make available technical information that PEMEX E&P can use. Petroleos Mexicanos Exploration and Production (PEMEX E&P) and BP's agreement is for the latter to share the technical information it used to build its own global deepwater well-capping equipment. Under the Technology License Agreement, BP will make available technical information that PEMEX E&P, one of four subsidiaries of PEMEX, can use


UK Chancellor Mentions Hi-Tech Tax Breaks on Bibby Offshore Visit

Osborne (L) & Woodcock: Photo courtesy of Bibby Offshore

Bibby Offshore, subsea services provider to the oil & gas industry, says it has hosted a visit by George Osborne, Chancellor of the Exchequer, to the Company’s workshop, storage and maintenance facility in Aberdeenshire, Scotland. The Chancellor was given a tour of Bibby Offshore’s new 50,000 sqft state-of-the-art Westhill facility, The Hangar. His visit follows the Company’s recent investment into its facilities; including the installation of a 16 tonne Gantry Crane


Scientists Produce Data from Largest Single Volcano

Project carried out by Schmidt Ocean Institute

  Tamu Massif is a volcano the size of New Mexico and lurks 6,500 feet beneath the surface of the Pacific Ocean. During their 36 day expedition, the science team undertook a survey of immense proportions mapping an area nearly one million square kilometers in size. Not only were they able to gather new high-resolution acoustic imagery of this little known volcano, but they also collected 1.7 million magnetic measurements to better understand how such a large volcano was formed


Oil, Chemical Spills from Harvey Adding Up

File Image: a typical spill boom as deployed (CREDIT: Elastec)

More than 22,000 barrels of oil, refined fuels and chemicals spilled at sites across Texas in the wake of Hurricane Harvey, along with millions of cubic feet of natural gas and hundreds of tons of other toxic substances, a Reuters review of company reports to the U.S. Coast Guard shows.  


Phillips 66 Charters Foreign Tanker for Domestic Voyage

Phillips 66 has chartered a Marshall Islands-flagged vessel, making use of a temporary waiver of the Jones Act that was put in place to meet fuel shortages in the wake of hurricanes Harvey and Irma, Argus Media reported on Thursday.  


Oil/Chemical Spills from Harvey Are Big, but Dwarfed by Katrina

More than 22,000 barrels of oil, refined fuels and chemicals spilled at sites across Texas in the wake of Hurricane Harvey, along with millions of cubic feet of natural gas and hundreds of tons of other toxic substances, a Reuters review of company reports to the U.S. Coast Guard shows.  


CNPC, Eni Sign LNG Deal

Photo:  Eni

 China National Petroleum Corporation (CNPC) and Italy’s Eni signed a cooperation agreement that includes assessing opportunities in the gas and LNG value chain.   "CNPC and Eni signed cooperation agreement today in order to cooperate in oil & gas exploration and


2017 IMO Award for Exceptional Bravery at Sea

Image: International Maritime Organization (IMO)

 Two members of the Houston Pilots in the United States are to receive the 2017 International Maritime Organization (IMO)  Award for Exceptional Bravery at Sea.    The pair will be recognized for their role in averting a major tragedy when the ship they were piloting broke


MV WERFTEN Promotes Luukkonen

Janne Luukkonen (© MV WERFTEN)

Janne Luukkonen has taken over the position of Director of Project Management at MV WERFTEN as of August 1, 2017. He is a member of the senior management, responsible for all shipbuilding projects, and reports to CEO Jarmo Laakso.   Luukkonen was previously a member of the Meyer Werft


TGS Shares Fall after Q2 Sales Disappoint

Shares of the world's leading provider of geoscience data to oil companies TGS fell by more than 6 percent on Thursday, after disappointing sales in the second quarter.   TGS reported $108 million in quarterly revenues, 6 percent below consensus


Odfjell Drilling Signs Contract with Aker BP

Image: Odfjell Drilling

 Odfjell Drilling signed a contract with Aker BP ASA for Deepsea Stavanger (6th generation semi-submersible) for a period of approximately 9 months with commencement in February 2018 and completion around October 2018.   The contract is for exploration and development drilling at


Residents Flee South Texas Ahead of Harvey

Residents fleeing most powerful storm on U.S. mainland since 2005.   Businesses closed and lines of cars streamed out of coastal Texas as officials called for residents to evacuate ahead of Hurricane Harvey, expected to arrive about midnight as the most powerful storm to hit the U.S


US Navy Awards USS Fitzgerald Heavy Lift Contract

(U.S. Navy photo by Peter Burghart)

The U.S. Navy's Military Sealift Command has awarded a $3.1 million firm, fixed-price contract for the heavy lift of USS Fitzgerald (DDG 62) following a fatal collision with a Philippine containership off the coast of Japan on June 17. Houston based Patriot Shipping has been awarded the


CGG Starts Seismic Survey Offshore Brazil

Oceanic Champion (Photo: CGG)

 CGG said it has started work on Espirito Santo IV, a large BroadSeis 3D multi-client survey in the deep and ultra-deep waters of the Espirito Santo Basin offshore Brazil.    The vessel Oceanic Champion is acquiring the survey which is expected to take seven months


Harvey Soaks Louisiana as Houston Struggles With Flooding

Tropical Storm Harvey bore down on Louisiana on Wednesday, pouring down more water after setting rainfall records in Texas that caused catastrophic flooding and paralyzed the U.S. energy hub of Houston.   The storm that first came ashore on Friday as the most powerful hurricane to hit Texas


Harvey Impacts Domestic Fuel Network

File Image (CREDIT: AdobeStock / (c) leeylutung)

U.S. drivers are starting to feel the effects of Tropical Storm Harvey in their wallets as the country's fuel distribution network starting at the Gulf Coast and stretching across the country is squeezed by floods, refinery closures and dwindling supplies.  


USCG, EPA Cleaning up a Dozen Texas Chemical Spills after Harvey

The U.S. Coast Guard and the Environmental Protection Agency are working with Texas state regulators to clean up oil and chemicals spilled from a dozen industrial facilities after flooding from Hurricane Harvey, authorities said.   The spills came from oil refineries


Dellner Brakes Acquires Gummi USA

Dellner Brakes CEO Marcus Aberg (right) and new vice president Edgar Roca outside the company’s warehouse in Houston, Texas  (Photo: Dellner Brakes)

Swedish-based Dellner Brakes has acquired US brake and clutch company Gummi USA to consolidate its position as one of the world’s leading suppliers of brakes and related power transmission products for the industrial, and marine markets.






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright