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Wednesday, October 18, 2017

Gulf Of Mexico News

About 13% US Gulf Oil Output Offline Due to Hurricane Nate

About 13 percent of U.S. Gulf of Mexico oil production remains offline in the aftermath of Hurricane Nate, the U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement (BSEE) said on Friday.   That equals about 220,000 barrels per day in production that is offline, according to BSEE. Oil companies evacuated staff from Gulf platforms and curtailed output ahead of the storm, which hit the region last weekend.   About 7 percent of U.S. Gulf natural gas production remains offline, BSEE said. (Reporting by Rod Nickel in Houston; Editing by James Dalgleish)

Semi-submersible Crane Vessel Hermod Retired

(Photo: Heerema Marine Contractors)

Heerema Marine Contractors said its semi-submersible crane vessel Hermod will retire at the end of this year after nearly 40 years of operational performance. Designed and constructed in the 1970s, Hermod and sister vessel Balder were the first semi-submersible crane vessels of their kind in the offshore construction industry. The semi-submersible concept was developed with the aim to extend the operability in the harsh North Sea environment and furthermore to deliver superior lifting capacity.

70+ pct of U.S. GoM Output Offline Ahead of Nate

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

About 71 percent of U.S. Gulf of Mexico oil production is offline ahead of Tropical Storm Nate, the U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement (BSEE) said on Friday. Nate is forecast to enter the Gulf and strengthen into a hurricane before making landfall late Saturday in Louisiana, near several major refineries. Oil companies have evacuated staff from Gulf platforms and curtailed output ahead of the storm, with production equaling 1.24 million barrels of crude per day already offline, according to BSEE.

Almost 15 pct of U.S. GoM Output Down Ahead of Storm

File Image: CREDIT DNV GL

About 14.6 percent of U.S. Gulf of Mexico oil production is offline ahead of Tropical Storm Nate, the U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement (BSEE) said on Thursday. Nate is forecast to enter the Gulf and strengthen into a hurricane before making landfall early on Sunday in Louisiana, near several major refineries. Several producers have started evacuating staff from Gulf platforms ahead of the storm, with production equaling 254,607 barrels of oil per day already offline, according to BSEE.

Great Lakes CEO Provides Business Update

Tug Douglas B. Mackie started sea trials on October 5th.  (Photo: Great Lakes Dredge & Dock Corp)

Great Lakes Dredge & Dock Corporation, a provider of dredging services in the United States and a major provider of environmental and infrastructure services, has announced multiple updates. Chief Executive Officer, Lasse Petterson, commented, “During the two months since we reported second quarter earnings, a number of developments have occurred at the Company. “As noted on the quarterly earnings call on August 2, we are executing a deep dive into our operational and financial performance. We have performed extensive analysis regarding our portfolio composition and asset utilization.

T/S Nate Kills 22 in Central America, Bears Down on U.S. GoM

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

Tropical Storm Nate killed at least 22 people in Central America on Thursday as it pummeled the region with heavy rain while heading toward Mexico's Caribbean resorts and the U.S. Gulf Coast, where it could strike as a hurricane this weekend. In Nicaragua, at least 11 people died, seven others were reported missing and thousands had to evacuate homes because of flooding, said the country's vice president Rosario Murillo. Emergency officials in Costa Rica reported that at least eight people were killed due to the lashing rain, including two children.

Wood Wins LNG Platform FEED Contract

Pic:  John Wood Group PLC

The Honghua Group Limited has awarded a $12 million front-end engineering design (FEED) contract to Wood for its liquefied natural gas (LNG) platform development in the West Delta area of the Gulf of Mexico. The main objective of the FEED is to finalize the design of the world’s first offshore platform-based natural gas liquefaction and storage facility. Wood recently completed the pre-FEED for this project. Wood’s scope of work includes the onshore gas pre-treatment plant configuration and layouts…

NOIA Appoints Four to BoD

Martin Stauble

National Ocean Industries Association (NOIA) Chairman David Welch has appointed four new members to the association’s Board of Directors. The appointments were announced today during NOIA’s fall meeting in Jackson Hole, Wyoming, where the association is commemorating 45 years of commitment to America’s offshore energy industry. Today, the oil and gas industry, long centered in the Gulf of Mexico, produces 17% of America’s domestic oil and 5% of our domestic natural gas, while off the coast of Rhode Island…

Major Offshore Tracts to be Opened

Secretary of the Interior Dirk Kempthorne announced a major federal initiative to boost oil and natural gas production on the U.S. Outer Continental Shelf in the Gulf of Mexico and off Alaska. The program could produce 10 billion barrels of oil and 45 trillion cubic feet of natural gas over 40 years, generating almost $170 billion. “The Outer Continental Shelf is a vital source of domestic oil and natural gas for America, especially in light of sharply rising energy prices and increasing demand for these resources,” Kempthorne said. Interior’s Minerals Management Service developed the initiative, known as the Five Year Outer Continental Shelf Oil and Gas Leasing Program, to guide domestic energy leasing on the OCS from 2007 to 2012. The program proposes 21 lease sales in 8 planning areas.

NOIA Optimism on Gulf of Mexico Oilfield Sales

Overall, compared to the last two years, we are seeing a positive trend for the offshore industry in the Gulf of Mexico, and we are looking forward to Wednesday’s lease sale with cautious optimism. “Not only is this the first Central Gulf of Mexico sale in two years and the last lease sale in the current five year OCS leasing plan, but the 2012-2017 plan is not yet out, so it is unclear when the next Central Gulf sale will occur. These factors likely point to pent-up demand and interest in leases. If you consider a few big discoveries in the Central Gulf over the past few years, such as Chevron’s Hadrian discovery and BP’s Tibor and Kaskida discoveries in deepwater and McMoran’s Davey Jones discovery in shallow water, there may be heavy interest in both deepwater and shallow water blocks.

BP's Commitment to GofM Confirmed: New Oil Discovered

Rig/Map Image CCL license

BP says it has made a significant oil discovery at its Gila prospect (which it co-owns with ConocoPhillips) in the deepwater US Gulf of Mexico. This is BP’s third discovery in recent years in the emerging Paleogene trend in the Gulf of Mexico and reflects the company’s ongoing commitment to the US offshore region. The Gila discovery was made by an exploration well on Keathley Canyon Block 93, about 300 miles southwest of New Orleans, in approximately 4,900 feet of water. The well, which penetrated multiple Paleogene-aged reservoir sands, was drilled to a total depth of 29,221 feet.

BOEM Completes Final Supplemental Review

BOEM Completes Final Supplemental Review for Central Planning Area in the Gulf of Mexico. The Bureau of Ocean Energy Management today released a Final Supplemental Environmental Impact Statement (SEIS) for proposed oil and gas Lease Sale 216/222. The SEIS updates several previously published environmental reviews covering the Gulf of Mexico, including incorporating the latest available information for the Central Gulf of Mexico Planning Area following the Deepwater Horizon event. The bureau will continue to conduct and assess additional scientific research and studies, and use this information to inform future offshore leasing and energy development decisions. A Federal Register notice announcing the availability of the Final SEIS will be published on January 20, 2012.

Long-term Study May Reveal Deepwater Horizon Impacts

Dr. Wes Tunnell

The Harte Research Institute (HRI) for Gulf of Mexico Studies at Texas A&M University-Corpus Christi will receive approximately $1.25 million over the next three years to work with Mexican colleagues in the southern Gulf of Mexico to look for residual impacts from the Ixtoc I oil spill of 1979-1980 on coastal areas, fisheries, and the deep sea. This long-term study will reveal what impacts may be in store 30 years after the 2010 Deepwater Horizon spill. Dr. Wes Tunnell, Associate Director of HRI, is leading the project. He is joined in this research effort by HRI endowed chairs: Drs.

Ultra-deepwater Drillship 'Maersk Valiant' Delivered

'Maersk Valiant': Photo Maersk Drilling

Maersk Drilling advises that its second new drillship, 'Maersk Valiant', has been delivered from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea. Maersk Valiant has begun its voyage towards the US Gulf of Mexico via Singapore to commence a two year contract with ConocoPhillips and Marathon Oil Corporation. Maersk Valiant is the second in a series of four ultra deepwater drillships to enter Maersk Drilling’s fleet. The four drillships represent a total investment of US$2.6-bn and will be delivered from the SHI shipyard in 2014.

Schlumberger, Statoil Execute Multiclient WAZ Survey in Campeche Basin

Schlumberger announced today that Statoil Gulf of Mexico LLC has signed an agreement to license a large part of the WesternGeco Campeche wide-azimuth (WAZ) deepwater multiclient seismic survey in the southern Gulf of Mexico. The license also includes collaboration with WesternGeco in the seismic processing phase. “We are pleased to have the opportunity to collaborate with Statoil in this breakthrough project, which is the first WAZ multiclient broadband survey in Mexican waters of the Gulf of Mexico,” said Maurice Nessim, president, WesternGeco. A fleet of eight vessels is conducting the survey in the Bay of Campeche for the three-year project. The project follows the Mexican government opening licensing rounds to non-government companies for the first time.

Salazar Announces Western Gulf Lease Sale

Secretary of the Interior Ken Salazar announced that the next federal oil and gas lease sale in the Gulf of Mexico will occur in New Orleans on August 18, 2010. The Secretary made the Western Gulf of Mexico Lease Sale 215 announcement during a tour of Superior Energy Services. The available blocks in Sale 215 are located from 9 to about 250 miles offshore in water depths of 16 to more than 10,975 feet (5 to 3,346 meters). The Department of the Interior’s Minerals Management Service (MMS) estimates the proposed lease sale could result in the production of 242 to 423 million barrels of oil and 1.64 to 2.64 trillion cubic feet of natural gas.

Magnum Hunter Expands Gulf of Mexico Drilling Program

Magnum Hunter Resources, Inc. has significantly expanded its drilling program in the Gulf of Mexico through several recent acquisitions and the commitment of new capital. Magnum Hunter acquired a 25 percent working interest in four Gulf of Mexico offshore prospects from Remington Oil and Gas Corporation. The first well in this new drilling program is scheduled to commence during the first week of January on East Cameron Block 364. The company also acquired a 100 percent working interest in Main Pass Block 178 from Union Pacific Resources Group, Inc.Two recently drilled wells on this block have indicated pay and are currently suspended. The company is reviewing development plans for this project in the first half of 2000 after the recent acquisition of 3-D seismic.

Speedcast, Tampnet Partner for GoM 4G/LTE Service

Speedcast International Limited,  provider of fully managed remote communication and IT solutions, has signed a reseller agreement with Tampnet for 4G/LTE services in the Gulf of Mexico. The agreement marks Speedcast as the first service provider to partner with Tampnet for its high capacity offshore network in the region. Tampnet announced in March that it has reached 25 percent of its planned coverage for the Gulf of Mexico. Upon completion at the end of 2018, Tampnet will have a low latency, high capacity fiber and microwave network made up of more than 60 base stations that they estimate will cover 98 percent of all manned offshore assets. Tampnet currently owns a similarly designed offshore low-latency network in the North Sea which has been in operation since 2001.

Deep Down Operations in Gulf of Mexico

Deep Down, Inc. is an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services. In response to recent investor inquires, the company commented that the recently announced 180-day moratorium on exploration drilling in water depths in excess of 500 ft in the Gulf of Mexico has had no material negative impact on our current operations. However, we have seen an increase in activity in our operations related to cleanup and subsea monitoring in the U.S. Gulf of Mexico. Additionally, we do not envision that the Drilling Moratorium will have a material impact on the operations of Cuming Corporation. On May 3, 2010, we announced that we had entered into a conditional purchase agreement to acquire Cuming Corporation.

ENSCO 3Q Earnings Hit By Gulf Downturn

ENSCO International Incorporated expects that its third quarter earnings per share will be in the range of $.38 to $.42, and that its fourth quarter earnings per share is expected to be in the range of $.25 to $.30. This trend in results is due primarily to a decline in Gulf of Mexico drilling activity. The company also announced that one of its subsidiaries has received notice of Chevron's intent to effect early termination of the ENSCO I, a barge drilling rig under long-term contract with Chevron in Venezuela. Not included in the third quarter earnings estimate given above is approximately $15 million of revenue resulting in a gain of approximately $10 million after tax, or $.07 per fully diluted share, from the early termination of this contract, if finally consummated.

ENSCO 3Q Earnings Hit By Gulf Downturn

ENSCO International Incorporated expects that its third quarter earnings per share will be in the range of $.38 to $.42, and that its fourth quarter earnings per share is expected to be in the range of $.25 to $.30. This trend in results is due primarily to a decline in Gulf of Mexico drilling activity. The company also announced that one of its subsidiaries has received notice of Chevron's intent to effect early termination of the ENSCO I, a barge drilling rig under long-term contract with Chevron in Venezuela. Not included in the third quarter earnings estimate given above is approximately $15 million of revenue resulting in a gain of approximately $10 million after tax, or $.07 per fully diluted share, from the early termination of this contract, if finally consummated.

LTE Deployment Launched in the Gulf of Mexico

Industrial LTE wireless broadband services provider Infrastructure Networks, Inc. (INET) is deploying a pilot LTE system in the Gulf of Mexico. INET said its pilot deployment will be used to demonstrate the capabilities of industrial LTE wireless broadband service and coverage when coupled with 700 MHz spectrum that INET has leased from Verizon Wireless under the LTE in Rural America program. The pilot will be open to certain companies operating in the Gulf of Mexico that have expressed an interest in using the network for testing and planning larger LTE rollouts. Tarig Anani , CEO of Infrastructure Networks, said, "The pilot deployment phase of our LTE rollout will give customers an opportunity to test and preplan their own LTE deployments in lockstep with Infrastructure Networks.

U.S. GoM Energy Producers Evacuating Ahead of T/S Nate

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

Oil and natural gas producers began evacuating staff at U.S. Gulf of Mexico platforms on Thursday ahead of Tropical Storm Nate, the second storm in as many months to threaten Gulf Coast oil and refining facilities. Nate, which has already killed three people in Costa Rica, according to local authorities, is forecast to scrape past Honduras and Mexico, enter the Gulf and strengthen into a hurricane before making landfall early on Sunday in Louisiana, near several major refineries.

Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

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