Texaco News

31 Aug 2018

Vessel Accident Causes Oil Spill near Port Arthur

Clean up efforts are underway after a vessel collision caused an oil spill near Port Arthur, Texas.The U.S. Coast Guard said an estimated 13,272 gallons of marine diesel fuel was discharged after an accident involving the towing vessel Savage Pathfinder and the motor vessel Endurance on Wednesday evening. No injuries were reported.Containment boom was placed around the vessel, and the source of the leak has been secured, the Coast Guard said.Coast Guard Marine Safety Unit Port Arthur and Texas General Land Office personnel are involved in the investigation and response efforts."We are working with TGLO, the responsible party and all maritime stakeholders to minimize impact as quickly as possible," said Capt.

20 Dec 2016

Noonan Named CMA's 2017 'Commodore'

Jack Noonan, CEO, Chembulk Tankers

This morning CMA announced that Mr. John D. “Jack” Noonan, CEO of Chembulk Tankers, has been named as the CMA Commodore for the year 2017. Noonan joins a presigious list of previous award winners, including Ole Skaarup, Jacob Stolt-Nielsen, George Livanos, Phil Loree, Thomas Moran, Gregory Hadjieleftheriadis, Helmut Sohmen, Gerhard Kurz, William O’Neil, Richard du Moulin, Per Heidenreich, Marc Saverys, Frank Tsao, Stelios Haji-Ioannou, Peter Georgiopoulos, C. Sean Day, Torben Jensen, Morten Arntzen, John Fredriksen, Capt.

24 Jul 2016

Ecuador Pays $112 mln Award to Chevron

Courtesy Chevron Corporation

Ecuador has paid $112 million to energy company Chevron Corp over a four-decade-old contract dispute, even though it remains in disagreement, the head of the central bank has said. A Hague arbitration court awarded the U.S. company $96 million in 2011 in a dispute stemming from a 1973 deal that called for Texaco, later acquired by Chevron, to develop fields in exchange for selling oil to Ecuador at below-market rates. Various appeals by Ecuador against the ruling failed. "We have today paid around $112 million," the central bank head Diego Martinez told a local radio station late on Friday.

12 Jun 2015

SENER Celebrates FORAN System’s 50th Anniversary

Left to right: Managing Director of SENER, Jorge Unda; Spanish Minister of Industry, Energy and Tourism, José Manuel Soria; President of SENER, Jorge Sendagorta; and Marine General Manager of SENER, Rafael de Góngora. (Photo: SENER)

SENER has commemorated the 50th anniversary of FORAN, its CAD/CAM/CAE system for designing naval vessels and marine structures, created by SENER’s cofounder José Manuel de Sendagorta in the 1960s. Today it is the world leader in marine technology and, since its inception, it has served as the prime example of SENER’s ability to innovate and export. The event was held at Madrid’s Casino on the evening of Thursday, June 11, under the auspices of SENER’s founder and Honorary President…

05 Feb 2015

SENER’s FORAN System Celebrates 50 Years

Image courtesy of SENER

The FORAN System celebrates half a century in 2015. With 50 years of active service, FORAN is the longest standing CAD/CAM/CAE software on the market and a technological asset for the engineering and technology group SENER, which has placed its trust in this project throughout its history as a hallmark of its identity. To commemorate this anniversary, SENER will host an event in Spain with the presence of FORAN customers worldwide. FORAN, an acronym of FORmas ANalíticas (ANalytic FORms)…

05 Feb 2015

SENER’s FORAN System is 50

photomontage of a vessel developed with FORAN (image by courtesy of ASMAR)

The FORAN System celebrates half a century in 2015. With 50 years of active service, FORAN is the longest standing CAD/CAM/CAE software on the market and a technological asset for the engineering and technology group SENER, which has placed its trust in this project throughout its history as a hallmark of its identity. To commemorate this anniversary, SENER will host an event in Spain with the presence of FORAN customers worldwide. FORAN, an acronym of FORmas ANalíticas (ANalytic FORms)…

30 Apr 2014

The History of Offshore Energy

Gracing the cover of the June 1, 1957 edition was a  “Huge Oil Drilling Barge” the Margaret which was one of the largest ever built at 300 ft. long, 200 ft. wide and 93 ft. high, capable of an operating depth of 65 ft. Margaret was built by Alabama Dry Dock & Shipbuilding Company for the Ocean Drilling and Exploration Company, New Orleans.

Offshore exploration is a history of man v. Prospecting for oil is a dynamic art. From a lake in Ohio, to piers off the California coast in the early 1900s, to the salt marshes of Louisiana in the 1930s, to the first “out-of-sight- of-land” tower in 1947 in the Gulf of Mexico, the modern offshore petroleum industry has inched its way over the last roughly 75 years from 100 ft. of water ever farther into the briny deep, where the biggest platform today, Shell’s Perdido spar, sits in 8,000 ft. of water. As a planet, we have two unquenchable thirsts – for water and for oil.

25 Apr 2014

Chevron Wins A Round In U.S. Suit - Ecuador Case

Chevron

A federal judge on Friday rejected a bid by a U.S. lawyer to stall the enforcement of a ruling that found he used fraud to secure a $9.5 billion pollution judgment against Chevron Corp in Ecuador. Lawyer Steven Donziger is appealing a 500-page decision issued by U.S. District Judge Lewis Kaplan in March that barred him from collecting on a $9.5 billion judgment against Chevron in the United States. Chevron filed a lawsuit against Donziger in New York, claiming he used bribery…

02 Dec 2013

Concordia Maritime Appoint Kim Ullman President

Kim Ullman: Photo credit Stena LNG

Joakim (Kim) Ullman has been appointed President of Concordia Maritime AB with effect from 1 January 2014. Kim comes from Stena LNG where he has been CEO since 2012 and he will replace Hans Norén who will leave Concordia Maritime at the end of the year after ten years as president. “After a methodical search during the autumn, both externally and in the Stena AB group, the board of directors is very pleased that Kim Ullman has agreed to take over the helm at Concordia Maritime. There are few people in tanker shipping in the Nordic region with more solid qualifications than Kim.

31 Oct 2013

Olivier Named UK Club Chairman

Alan Olivier, the new Chairman and President of the UK P&I Club

Alan Olivier was elected Chairman and President of the UK P&I Club at their board meeting in Bermuda on October 28. He succeeds Dino Caroussis who has retired from the board. Mr. Olivier, 53, Chief Executive Officer of Grindrod Limited, became a Director of the UK Club in 2000 and a Deputy Chairman in 2006. Mr. Caroussis, 61, of Chios Navigation, had been the Club’s Chairman for the past five years, having joined the board in 1996 in the shipping division. He held senior treasury and financial positions before his appointment as chief executive of Unicorn Shipping in 1995.

07 Jan 2011

Chemoil Acquires Oceanconnect’s Marine Fuel Group

Tom Reilly

SGX Mainboard-listed Chemoil (SGX-ST: CHEL.SI), supplier of marine fuel, announced its acquisition of OceanConnect Holding’s (OCH), marine fuel business. The purchase price as agreed by both parties is expected to be approximately $25m and took into account factors such as the marine fuel business’ historical and future earnings potential. The deal includes the acquisition of OCH’s marine fuel business, its independent online bunker auction portal, and a team of experienced bunker brokering and trading employees and staff in the United States…

20 Aug 2010

CNOOC Changes to Senior Management

The board of directors of CNOOC Limited announced that Mr. Fu Chengyu, an Executive Director of the Company, will be re-designated as a Non-executive Director of the Company. Mr. Fu remains the Chairman of the Board. Mr. Li Fanrong, a Non-executive Director of the Company, will be re-designated as an Executive Director of the company. The re-designations of Mr. Fu and Mr. Li will become effective from 16 September 2010. Born in 1951, Mr. Fu received a B.S. degree in geology from the Northeast Petroleum Institute in China and a master degree in petroleum engineering from the University of Southern California in the United States. He has over 30 years of experience in the oil industry in the PRC. He previously worked in China’s Daqing, Liaohe and Huabei oil fields.

16 Jun 2010

This Day in Coast Guard History – June 16

1880-An Act of Congress (21 Stat. L., 259, 263) provided that "masters of light-house tenders shall have police powers in matters pertaining to government property and smuggling." 1966-The freighter Alva Cape and tanker Texaco Massachusetts collided in New York Harbor near Third Coast Guard District Headquarters on Governor's Island.  Thirty-three crewmen perished in the ensuing explosion.  Coast Guard units responded and the rescue effort garnered significant national media attention. (Source: USCG Historian’s Office)

14 Aug 2009

Somerville Remarks, LCA & CA Shipowners Conference

At the 73rd Annual Joint Conference of the Lake Carriers’ Association & Canadian Shipowners’ Association in Cleveland on 12 August, 2009, Robert D. As I have already mentioned to several of you, it is a truly great pleasure for me to be here and to catch up on the news from the Great Lakes community. As Jim mentioned briefly in his introduction, I did my time on the Lakes - and it was one of the most enjoyable assignments I ever had with ABS. It was from 1973-77. I was stationed initially in Chicago, Milwaukee and finally Sturgeon Bay which meant I spent a lot of time at Bay Shipbuilding – as it was then called and will probably always be known to most of us. Enjoyable - because of the special kinship of the Lakes fraternity – the builders, the owners, and the crews that I worked with.

11 Feb 2009

WA Oil Transfer Rules Protect Waters

In September 2006, state lawmakers directed Washington Department of Ecology (Ecology) to adopt stringent oil transfer rules after 4,700 gallons of heavy fuel oil spilled during an oil transfer operation at Chevron-Texaco's Richmond Beach fuel terminal in December 2003. Swift currents drove the oil ashore on the Suquamish Tribe shellfish beds at Doe-kag-wats beach and salt marsh at Indianola in Kitsap County. In 2008, nearly 15 billion gallons of oil were transferred over Washington waters by ship, fueling facility, tank truck or rail, according to Ecology reports. That equals 1.7 million gallons an hour. Since the rules went into effect, Ecology has seen reductions in the amount of oil spilled. In 2008, only about 158 gallons were spilled to Washington waters during fuel transfers.

09 Oct 2001

Coastal Towing Announces New Refinancing

Coastal Towing, Inc., announced today the consummation of a $28 million senior term loan with the CIT Group/ Equipment Financing, Inc., Heller Financial Leasing, Inc. Pursuant to this transaction, the Company refinanced senior term debt under existing agreements with CIT and Wells Fargo Bank, N.A. In addition, the loan will be used to facilitate Coastal?s barge construction program. Dennis D. Buffo has joined Coastal Towing, Inc., as vice president of maintenance effective October 1. With over 29 years in the maintenance area of the marine industry, he will be responsible for all of Coastal's boat and barge maintenance. Buffo holds a B.S. degree in Marine Engineering from the United States Merchant Marine Academy in King's Point, N.Y.

23 Oct 2001

Seabulk Towing Appoints Rogers as Senior Vice President of Marketing

Seabulk Towing, Inc., the Tampa-based subsidiary of Seabulk International, announced the appointment of Kenneth M. Rogers to the new position of Senior Vice President of Marketing. in the Gulf of Mexico and the Atlantic. Towing's development strategy. A graduate of the U.S. Carnival Corporation. Propeller Club of the United States.

07 Nov 2001

CIT Takes Issue With Customs' Duty Calculation in Dry-Docking Case

The vessel repair statute (Section 466 of the Tariff Act of 1930, 19 U.S.C. § 1466) requires the payment of a 50 percent ad valorem duty on the cost of foreign equipment purchased for, or expenses of repairs made to, U.S.-flag vessels in a foreign country. The purpose of the vessel repair statute is to protect U.S. shipyards and to discourage vessel operators from taking their vessels abroad for the purpose of obtaining less expensive foreign repairs. The U.S. Court of International Trade determined that "section 1466 expresses the legislative policy designed to provide maximum protection to American shipyards." Mount Washington Tanker Co. v. United States, 505 F. Supp. 209, 214 (1980), aff'd, 665 F.2d340 (C.C.P.A. 1981). The U.S.

12 Nov 2003

News: Signet Martime Inks Garrett Contract

Signet Maritime Corp. and Garrett Marine, Inc. executed agreements August 29, 2003, for charter and purchase of Garrett's Aransas tug business, finalizing plans that originated in 2002 to expand Signet's presence in the Aransas Pass/Ingleside region. The Garrett family, which has been serving marine tug needs in Texas for almost 50 years, agreed to terms for handing over responsibility for tug operations to Signet for marine and construction firms in the Aransas Pass/Ingleside region. Andy Garrett, Vice President of Garrett Marine, noted the consolidation of Garrett's tugs into Signet's fleet as "the most important task we have undertaken to enhance tug support to the Aransas Region and for our valued customers.

05 Apr 2004

Market Report: When Will the Turn Around Come?

It seems to be a soap opera without an end. "It is crazy…makes no sense at all," is a common observation. If you are in the oil and gas business, the number one question is, "When is the drilling going to pickup?" It is a question without an answer…at least through the first quarter of 2004. "Normally when prices are low and oil rises about $25 a barrel and gas goes above $2.50 per million cubic foot, everybody goes back to work," noted Roy Breaux, Jr., president of Breaux Bay Craft, Loreauville, La. a leading builder of crew/supply boats. "We drill ourselves out of recessions, but not this time, at least not yet" Breaux said. Breaux echoes the sentiment of almost everyone in the industry "The answer must lie in Houston because that's where the decisions on when to drill come…

13 Jul 2004

Stolt Offshore Announces Results

Stolt Offshore S.A. announced unaudited results for the second quarter and six months ended on May 31, 2004. "Stolt Offshore's turnaround is now well advanced. The Group now has the financial resources to compete effectively in its chosen markets thanks to a much improved balance between equity and debt. Furthermore, 45 project wins, with a total value of $1.2 billion in the first half of 2004 underlines that Stolt Offshore not only has made strong progress in winning profitable contracts but is transforming its earnings base and moving on from the period dominated by legacy projects. Looking ahead, the management team is focused on delivering sustainable profits.

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…

27 Dec 2001

Crowley Announces Management Team for Newly Formed Ship Assist and Escort Services Group

Crowley Maritime Corporation has announced the appointment of Robe Grune to the position of vice president and general manager of Crowley’s newly formed ship Assist and Escort Services based in Seattle. Grune is responsible for profit and loss for the Ships Assist and Escort Services group and reports directly to Tom Crowley, Jr., chairman, president and CEO of Crowley Maritime Corporation. Crowley announced the reorganization of its Crowley Marine Services subsidiary into three distinct operating groups in October, including Energy and Marine Services, Ship Assist and Escort Services and Petroleum Services. With present operations in San Diego…

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