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Amerada Hess 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.

22 Jun 2016

FPSOs Sit Unprecedentedly Idle

FPSO Cidade de Marica SBM (Photo: Claudio Paschoa)

The 20 year four-fold growth pattern in the world’s FPSO fleet stalls out in 2016 with a record number of FPSOs idle and available for redeployment – or perhaps to be forced into other uses, lay up or scrap. FPSO redeployments typically are far more complex, costly and risky than for (say) drillships and yet the need for redeploying idle FPSOs is now in the forefront of the industry like never before as FPSO owners also have to face the worst ever down market for their equipment and services.

16 Nov 2001

Rowan Wins Against BP in Gorilla V Contract Dispute

Rowan Companies, Inc. reported that the English Court has given a comprehensive judgement in its favor in proceedings between its subsidiary, British American Offshore Limited (BAO) and Amoco (UK) Exploration Company (Amoco). rig Rowan Gorilla V. The court declared that the rig was fit for purpose in all respects when the contract was terminated. Amoco had refused to commence drilling at the Arbroath platform in January 1999, arguing that much of Gorilla V's equipment was unfit and unsafe. were economic, following a downturn in oil prices and the BP/Amoco merger on January 1, 1999. The court rejected the evidence of Amoco and BP witnesses that the decision was made for safety reasons, or because Amoco had "lost confidence" in BAO. no ground for complaint was justified.

13 Aug 2004

PA Rule not Applicable to Jones Act

The U.S. Court of Appeals for the Second Circuit decided that the Pennsylvania Rule is not applicable to cases of seaman personal injury brought under the Jones Act. In the instant case, plaintiff’s decedent had been employed as a crewmember on defendant’s vessels. After leaving such employment, decedent was diagnosed with squamous cell carcinoma, for which he later died. Plaintiff brought suit against defendant, alleging that the cancer was due, in part, to decedent’s exposure to benzene and polycyclic aromatic hydrocarbons (PAHs) while working on the vessels. Plaintiff alleged that the level of benzene and PAHs on the vessels exceeded that allowed by Coast Guard regulations and…

11 Dec 2001

Contract Awarded to Coflexip Stena Offshore

Coflexip Stena Offshore Ltd. (CSOL), a UK entity of the Technip-Coflexip Group, is in charge of a three-year contract from the Texaco, Amerada Hess and Talisman Energy (THT) multi-operator alliance to provide Diving Support Vessel (DSV) and Underwater Services in the North Sea. Within the scope of the contract, CSOL is responsible for delivering project management, engineering, DSV and subsea services, the objective being to maximize uptime and production potential of the three operators’ assets throughout the UK and Danish sectors of the North Sea. In addition, while typical operations included within the contract are subsea construction…

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.

24 May 2002

West Navion Gets Changes

The deepwater drillship, West Navion, is currently operating for Marathon Oil Company in Canada. Due to delay in operations earlier this year and changes to the drilling program, the contract with Marathon will have a longer duration than initially planned. West Navion will subsequently be mobilized to west of Shetland for Amerada Hess. The contract with Amerada Hess includes drilling of two deepwater exploration wells and is expected to last until November this year. contract includes a one well option in 2003. As a result of the delayed drilling program in Canada, Esso Norge AS has decided to exercise their right to cancel the drilling contract for the drillship West Navion. The commencement was planned from August this year with an expected duration of three months.

25 Jul 2000

Oil Majors Report High Profits

Driven by the sustained high price per barrel of oil, oil majors Chevron and Amerada Hess today announced outstanding financial results for the second quarter. Chevron, the No. 2 U.S. oil company, posted second-quarter profits which more than doubled, matching analysts' expectations, thanks to stronger oil and natural gas prices. Second-quarter earnings excluding special items rose to $1.14 billion, or $1.75 a diluted share, from $484 million, or 73 cents a diluted share, in the year ago period, the company said. Meanwhile, Amerada Hess Corp. said lofty oil and natural gas prices resulted in sharply higher second-quarter earnings that surpassed analysts' expectations.

08 Jan 2001

A.P. Moeller Hopes To Maintain 2001 Oil Production

Oil and shipping group A.P. Moeller said it hoped to maintain its record North Sea oil production in 2001 at 300,000 barrels per day (bpd). Danish Underground Consortium (DUC), in which A.P. Moeller holds a 39 percent stake, produced 1.275 million tons of oil in 2000, 10.1 percent above 1999 level, while gas production was down 3.5 percent at 6.401 billion cu. "Oil production in 2000 was in line with expectations. We hope to maintain the current production of 300,000 bpd, but it's an ambitious target," Maersk Oil & Gas deputy director Bo Wildfang told Reuters. A.P. Moller had expected its oil and gas production in 2000 to end "a little higher" than in 1999.

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.

17 Jan 2006

Xodus Contracts Worth $2.6M

Less than six months after its launch, Xodus Group, an oil and gas consulting and engineering firm, has won more than $2.6 million worth of contracts. Xodus Group, which is aiming to secure a significant share of the oil and gas consulting market, has already been awarded work from major companies including BP, Talisman, Total, Shell, SGS, Marathon, Petro-Canada and Amerada Hess. The company, based in Aberdeen, started with three employees, and the contracts have created a further 32 jobs across the three divisions of the group – Xodus Technology, Xodus Oil & Gas and Xodus Subsea. By the company's first anniversary in September, it expects the payroll to have risen to 60. The group, which has attracted almost $3.5 million in investment, is supported by the Royal Bank of Scotland.

30 Apr 2001

Favorable Business Outlook for Rowan

Rowan Companies, Inc. drills oil and gas wells in offshore and onshore domestic and foreign areas. The offshore operations of the company consists of contract drilling services utilizing mobile drilling platforms. The company’s drilling fleet consists of 21 self-elevating mobile offshore drilling platforms, one mobile offshore floating platform and 14 land drilling rigs. The drilling operations of the company are conducted primarily in the Gulf of Mexico, the North Sea, offshore eastern Canada, Texas and Louisiana. mill that recycles scrap, produces heavy equipment and designs and builds mobile offshore jack-up drilling rigs. The company completed the purchase of The Ellis Williams Company, Inc. and EWCO, Inc. dba Traitex Machine Co. in January 2000.

15 Aug 2002

Stelmar Announces Two Time Charter Contracts

Stelmar Shipping Ltd. announced that it has signed the Aquamar and the Maremar, two modern double hull Handymax vessels purchased from the proceeds of the company's recent offering, to profitable time charter contracts. Both tankers currently trade in the spot market and are expected to be deployed on these time charters during the second half of August 2002. The Aquamar, a 1998 double hull product tanker delivered on July 15, 2002, has been signed to a two-year time charter with Amerada Hess Shipping Corporation USA at a rate of $13,500 per day. Stelmar also announced that it has signed the Maremar, a 1998 double hull product tanker and sister ship to Aquamar, to a six-month charter with ST Shipping at $13,500 per day. The Maremar was delivered to Stelmar on June 27, 2002. Peter R.

27 Aug 1999

Alyeska Head Touts Post-Exxon Valdez Spill Reforms

A decade after the Exxon Valdez disaster, Alyeska Pipeline Service Co., the operator of the trans-Alaska pipeline, has made dramatic reforms in its oil-spill prevention and response programs, according to the head of the company. "We're not the company that we were 10 years ago," Bob Malone, president of Alyeska Pipeline Service Co., told the Anchorage Chamber of Commerce. Alyeska, the operator of the 795 mile pipeline and the Valdez marine terminal where tankers are loaded with crude oil, was criticized for an inadequate and disorganized response to the March 24, 1989 grounding that caused the nation's worst oil spill. But Alyeska has since installed extensive programs to respond to tanker emergencies.

23 Aug 1999

New Schlumberger Seismic Vessel Sets String of Records

Schlumberger announced its new seismic vessel, Geco Eagle, has successfully been deployed for her first acquisition job and has broken several world records in the process. The vessel left the shipyard where it was built in Bergen, Norway, and traveled halfway around the globe to Brazil - a distance of 6,359 miles - to take up her first job in the Campos and Santos basins on behalf of Amerada Hess and partners. This is the most remote startup ever undertaken by any seismic acquisition vessel. Geco Eagle then took fewer than seven days between deploying the first streamer section and recording the first commercial 10-streamer production. Now in full production, Geco Eagle continues to set new standards for the seismic industry.

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.

15 Aug 2001

Tropical Depression Detected in Southern Caribbean

The National Hurricane Center (NHC) in Miami said Wednesday that a tropical depression had formed in the Atlantic Ocean and was about 975 miles east of the Windward Islands in the southern Caribbean. As of 11:00 a.m. EDT Tropical Depression 4 was moving to the west at a rate of 23 miles per hour. Maximum sustained winds are near 35 miles per hour (55 kph) and some strengthening is possible in the next 24 hours, the NHC said. The National Hurricane Center forecast showed that Tropical Depression 4 was expected to attain hurricane strength within 48 hours and was on track to reach the Caribbean island of St. Lucia as a hurricane within 72 hours. St. Lucia is about 300 miles southeast of the island of St. Croix, home to a giant 545,000 bpd Amerada Hess Corp.

09 Jul 2001

Statoil Commences Drilling Off Faroe Islands

Norwegian state-controlled energy company Statoil is to start drilling for oil off the North Atlantic Faroe Islands this week in the first test well on the Faroe shelf. "The well will be spudded in the middle of the week by the drilling rig Sovereign Explorer, which is contracted by Statoil to drill the first exploration well on the Faroe shelf," the Faroe Islands Ministry of Petroleum said. Sovereign Explorer was due to reach Faroese waters at the weekend and the positioning and anchor handling at the well site were expected to take four days. The well on the so-called Longan prospect is located to the southeast of the Faroe Islands close to the British boundary. The work is scheduled to take two to three months.

11 Jun 2001

Hornbeck-Leevac Expands Tug and Barge Fleet in Northeast U.S.

Hornbeck-Leevac Marine Services has acquired the Spentonbush/Red Star Group marine transportation fleet for $28 million, and has entered into a strategic alliance with Amerada Hess Corp. in the Northeast U.S. market. The vessels acquired include nine ocean-going tugs and ocean-going tank barges. In addition to the acquisition of the Hess fleet, Hornbeck-Leevac has signed a long-term contract with Amerada Hess with the understanding that it will be excluseive marine logistics provider and transporter of petroleum products in the Northeast U.S. These vessels will be utilized primarily in the transportation of gasoline, and residual fuel oil between refineries, distribution terminals and ships lightering across the Eastern Seaboard.