ExxonMobil and the Hess Corporation announced an eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The companies said approximately 78 meters of high-quality, oil-bearing sandstone reservoir was encountered.
The U.S. Navy's Arleigh Burke-class (DDG 51) destroyers program notched two shipbuilding milestones with the recent start of construction at shipyards Bath Iron Works (BIW) in Bath, Maine, and Huntington Ingalls Industries in Pascagoula, Miss.Construction of the future USS Harvey C. Barnum Jr. (DDG 124) officially began on May 17 at BIW, where the ship's namesake, Col. Harvey "Barney" Barnum, Jr.
120 miles out at sea, 6,000-horsepower devices lift drilling equipment weighing up to 3 million pounds out of holes lying 10,000 feet beneath the water. Keeping such sea monsters in good working order, often for years at a time, is no mean feat. Oil companies spend between $300,000 and $800,000 per day on each vessel drilling offshore.
At BP's massive Thunder Horse oil platform in the U.S. Gulf of Mexico, a dog-sized robot called Maggie uses magnetic tracks to creep along pipes connecting the giant oil facility to the sea floor. Before MaggHD, dubbed "Maggie" by BP, the dangerous inspection job was reserved for highly paid specialist technicians who did their jobs while rappelling along the platform.
Offshore rig firm Borr Drilling, controlled by Norwegian investor Tor Olav Troeim, is proposing to buy its rival Paragon Offshore for $232.5 million in a push to consolidate the fragmented rig market, it said on Thursday. A plunge in oil prices in 2014 forced oil firms to cut back on offshore exploration
Award to be presented March 14, 2018 at the conclusion of the CMA’s Shipping 2018 Annual Conference and Exposition. Ms. Sabrina S. M. Chao, Executive Chairman of Wah Kwong Maritime Transport Holdings Ltd. has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2018. Ms. Chao follows a long succession of influential maritime industry leaders as Commodore.
Mercury Marine was in New York City earlier this year offering test drives for select engines and control systems. While in town, John C. Pfeifer, President - Mercury Marine, sat down with Maritime Reporter & Engineering News to discuss marine technology development that is driving his company further, faster into emerging commercial growth opportunities globally.
100-year young German manufacturers finds success in demanding dredging and maritime sectors Satisfaction in overall powertrain reliability often comes down to individual components, starting with the gearbox and gear wheels. To this end C. u. W Keller GmbH & Co.KG, has made investment in its products and processes – $41 million over the last 15 years – to ensure that it remains a strong link
Horizon Shipbuilding announced it will reorganize amid revenues insufficient for maintaining normal operations. Lance C. Lemcool, Horizon Shipbuilding Vice President, today issued the following statement on behalf of the Alabama-based boat builder: “Last year, Travis R. Short, President of Horizon Shipbuilding saw an opportunity to repeat a great construction performance from 2012.
NOAA partners with Paul G. Allen Philanthropies; new Deep Argo buoys to probe ocean currents that drive weather and climate Microsoft co-founder and philanthropist Paul G. Allen and NOAA’s Pacific Marine Environmental Laboratory will deploy a large array of new deep ocean floats to expand ocean observations in a key area of the western South Atlantic Ocean.
With slumping crude oil prices stuck below where they started this year, U.S. shale oil producers have cut more than $1.2 billion from their 2017 spending budgets, even as they pledge to pump more oil. That more-for-less approach highlights the shale industry's ability to ramp up production and keep improving the process of drilling and fracking a well to increase its clout in global oil
The 110-meter motor yacht Jubilee delivered last week by Dutch builder Oceanco not only features a particularly striking exterior profile created by Lobanov Design and a distinguished interior by Sorgiovanni Designs, but also is the largest yacht ever built at Oceanco and has the distinction of being the largest yacht ever built in the Netherlands.