When Russia attacked Ukraine, the nearest naval vessel of a major NATO ally was in the Mediterranean. The last such ship from a major naval member of the Western military alliance left the Black Sea – an area roughly the size of California bordering Russia, Ukraine and NATO members Turkey, Bulgaria and Romania – over a month ago.
Long-serving marine, energy and industrial market consultancies International Maritime Associates and World Energy Reports have merged to form Intelatus Global Partners.While Intelatus is a new name, its team of business consultants has nearly five decades of experience across the entire maritime supply chain, producing multi-client analytical studies for sectors including offshore oil and gas
Oil and gas major ExxonMobil on Wednesday announced two new oil discoveries offshore Guyana, at Fangtooth and Lau Lau wells, adding to previous recoverable resource estimate of 10 billion oil-equivalent barrels.The Fangtooth-1 well, drilled with the Stena DrillMAX drillship, encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs.
Oil company Taylor Energy Co LLC agreed to transfer a $432 million cleanup trust account to the U.S. government and pay an additional $43 million to resolve a lawsuit over its role in the longest-running oil spill in U.S. history under a proposed deal filed in New Orleans federal court on Wednesday.
The Flying Buttress once glided across the oceans carrying vital commodities like grain to all corners of the world.Now it bears a different treasure: Paw Patrol Movie Towers, Batmobile Transformers and Baby Alive Lulu Achoo dolls.The dry bulk cargo ship has been drafted into the service of retail giant Walmart
U.S. oil major ExxonMobil has made another oil discovery at the prolific Stabroek offshore block in Guyana. This adds to around nine billion barrels of oil equivalent discovered over the past few years and paves way for future development.The discovery was made at Whiptail-1 well at the 6.6 million acres (26,800 square kilometers) offshore block.
Richard Balzano took over as CEO and executive director of the Dredging Contractors of America in December 2020. And while he says he’s “still fairly new to the [dredging] industry”, he certainly knows his way around the business, having held a number of prominent roles over the course of more than 30 years in the maritime and U.S government sectors. His resume is impressive.
For the future of the industry, hire interns, both college and high schoolers. And pay them: none of that silly privileged unpaid intern crap that occurs in non-maritime industries.I generally wait until I receive the printed issue to read Maritime Reporter and Engineering News, and when I read the August edition, I was both delighted and frustrated
SAAM's Towage Division has agreed to buy 17 tugs operating in Brazil from the Brazilian company Starnav. The deal also involves the purchase of four additional tugs currently under construction.SAAM CEO Macario Valdés said the deal was one of the largest transactions in SAAM’s history.
Marine salvage and emergency response company Resolve Marine announced on Friday that it has appointed Joseph Farrell, III as deputy CEO, a transition role to CEO.Farrell has more than two decades of field operations and business experience at Resolve Marine. After serving as a naval architect and project manager where he worked on and led high-profile salvage projects around the world
Bay Ship & Yacht founders Bill Elliott and Alan Cameron step back, name Joel Welter CEO, Gerona Goethe General ManagerBill Elliott, who during a 45-year career catapulted Bay Ship & Yacht (BS&Y) from operating out of a single, mobile shipping container known as the “Shipyard in a Box” to becoming a premiere ship repair conglomerate in San Francisco Bay
Freehill Hogan & Mahar LLP Partner Daniel Fitzgerald retired from the U.S. Coast Guard Reserve in a ceremony at U.S. Coast Guard Headquarters in Washington D.C., this summer.Rear Admiral Melissa Bert presided over the ceremony, which was attended by family, friends and Coast Guard colleagues who worked with Fitzgerald over the past 28 years.