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Tuesday, August 20, 2019

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  • Gulf Coast Maritime (29) (X)

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New Orleans to bid USS New York a Fond Farewell

Posted to Gulf Coast Maritime (by Matt Gresham) on October 8, 2009

New Orleans business and civic leaders are organizing a Big Easy farewell for the USS New York Tuesday, Oct. 13 as it departs Northrop Grumman’s Avondale Shipyard for its commissioning in New York. Thousands of American flags will be distributed…

Senate Climate, Energy Bills Smell like Sausage

Posted to Gulf Coast Maritime (by Matt Gresham) on October 7, 2009

That’s the feeling a lot of people are getting from the U.S. House and Senate these days, as they haggle over climate and energy bills in the midst of the health care reform debate and the little discussion about what to do about Afghanistan.

Senate Climate Bill Stirs Fierce Opposition From Energy Sector

Posted to Gulf Coast Maritime (by Matt Gresham) on October 2, 2009

The Kerry-Boxer bill contained the same “cap-and-trade” component put forth by the Administration and the House and sets stricter goals for reducing so-called greenhouse gas emissions. The current bill requires a 20 percent reduction over 2005 levels by 2020…

OSV Operators Awaiting CBP’s Jones Act Modifications for Offshore Work

Posted to Gulf Coast Maritime (by Matt Gresham) on September 29, 2009

Under the Jones Act, cargo can only be carried between two U.S. ports on vessels that are owned and crewed by Americans and built in American shipyards. The contention has been the CBP’s approval of foreign-flagged vessels transporting and installing offshore oilfield equipment in U.S. waters.

OSV Operators Face Slew of Reg Changes

Posted to Gulf Coast Maritime (by Matt Gresham) on September 24, 2009

The current economic downturn and political climate has seen the Gulf of Mexico offshore market slide to numbers not seen since the oil crunch of the late 1980s and early 1990s. That’s why industry observers are worried about how a slew of new…

Gulf Rig Counts Nearing Historic Lows

Posted to Gulf Coast Maritime (by Matt Gresham) on September 15, 2009

South Louisiana has long been known as the jumping off spot for the domestic offshore oil and gas industry. As other states turned away the industry’s advances, Louisiana embraced it with open arms. The industry touches nearly every aspect of the economy in south Louisiana…

Industries waiting for clear signals from Washington

Posted to Gulf Coast Maritime (by Matt Gresham) on September 10, 2009

While Pres. Barak Obama tried to build a consensus last night on health care reform, a number of conversations I’ve recently had with oil and gas and transportation industry leaders and analysts kept recurring to me. One by one, they said “We’re…

Consolidation Not Seen In Offshore Services Sector – Yet

Posted to Gulf Coast Maritime (by Matt Gresham) on September 1, 2009

When prices and demand is low, people naturally look to cut costs and better position themselves for better days ahead. The trend was realized among big oil and the result was recent record profits and spending budgets. Today, the domestic energy…

Equity firm partners with Louisiana Shipyard

Posted to Gulf Coast Maritime (by Matt Gresham) on August 24, 2009

Galliano, La.-based Grand Isle Shipyard Inc. partnered recently with a Salt Lake City, Utah equity firm to help the offshore service company expand its market share in the Gulf of Mexico region. Huntsman Gay Global Capital, a middle-market private equity firm…
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