Oil Majors to Raise $27Bln in Selling Spree
Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy’s latest assessment.These companies are actively shedding mature assets on a massive scale in a bid to finance higher-yielding investments elsewhere, with the added benefit of pleasing shareholders who are calling for stricter capital discipline.“The expected transactions mean some of the majors are poised to exit certain regions…
Energy Transfer: VLCC Offshore Port to be Ready Early 2023
Energy Transfer LP said on Thursday discussions with potential shippers to build an offshore crude export facility in Texas capable of handling supertankers were progressing on schedule, with the project expected to be in service by late 2022 or early 2023.The company has also made advances on the regulatory and permitting process for the project, Marshall McCrea, Energy Transfer's chief commercial officer, said on the company's quarterly earnings call.Plans call for the facility to be connected to Energy Transfer's Nederland…
ARC Loads Cargo in Thessaloniki
The largest U.S.-flagged roll-on roll-off (Ro-Ro) carrier American Roll-on Roll-off Carrier (ARC) said that its M/V Patriot loaded equipment for the Army’s 4th Combat Aviation Brigade (CAB) at the port of Thessaloniki.M/V Patriot moved a mix of helicopters, vehicles, containers and support equipment used to take part in Operation Atlantic Resolve for 4th CAB, which is returning to Fort Carson, Colorado. 4th CAB is being replaced by 1st CAB from Ft. Riley, Kansas, said a press release.Operation Atlantic Resolve has been ongoing in Europe since 2014…
DCP Sells Terminals to NGL
Delaware-based NGL Energy Partners and Colorado's DCP Midstream have executed a purchase and sale agreement under which DCP will convey to NGL its wholesale propane business, generally consisting of seven natural gas liquids terminals in the Eastern United States.Under the terms of the agreement, NGL will acquire 100% ownership of five propane rail terminals operated by Gas Supply Resources, a subsidiary of DCP, and 50% ownership interest in a sixth propane rail terminal.The agreement also includes an import/export terminal located in Chesapeake…
Duluth Seaway Port Authority Welcomes Hron
The Duluth Seaway Port Authority has announced that Grand Rapids native Jayson Hron has been named Director of Communications and Marketing. He returns to Minnesota to join the leadership team effective February 1, 2019.Hron (pronounced ‘RŌHN’), brings an extensive background to the position, having served in a variety of public relations, copywriting, media relations, brand management and marketing capacities. Since 2013, Hron has been a communications manager for USA Hockey in Colorado Springs, Colo.
Carnival to Launch Four Ships in 2019
Carnival Corporation announced it will launch four new cruise ships in 2019 across three of its leading global brands – Carnival Cruise Line, America's Cruise Line; Costa Cruises, the largest European cruise operator; and Princess Cruises, international premium cruise line. The world will get a preview of one of these spectacular new vessels when Carnival Cruise Line debuts a floral replica of its new Carnival Panorama sailing down Colorado Boulevard in the Rose Parade on New Year’s Day…
Magellan Bids to Build U.S. GoM Oil Export Terminal
Magellan Midstream Partners LP on Thursday became the latest company to join a crowded group looking to build an oil export terminal on the U.S. Gulf Coast designed to load supertankers.U.S. oil exports are expanding rapidly, but volumes are constrained because the country's shores have limited capability to load giant vessels that can carry about 2 million barrels of crude oil.Numerous companies - including private equity firm Carlyle Group and commodities merchant Trafigura…
US Coal Firms Plead for West Coast Export Terminals
The ailing U.S. coal industry is ramping up its political and legal offensive to win approval for West Coast export terminals that could provide a lifeline to lucrative Asia markets. Coal producers filed two recent lawsuits against governments in Washington state and California challenging local decisions to block port projects on environmental grounds. The industry is also lobbying the Trump administration to override the local bans. The fight reflects the sector’s desperation to boost exports as U.S.
At the current rate of carbon emissions of about 35 to 40 gigatons a year, scientists are estimating that the Arctic could become ice-free within the next 20 years, Suptnik reported quoting National Snow and Ice Data Center (NSIDC) in Boulder. Julienne Stroeve, a climate scientist at NSIDC in Boulder, Colorado, warned of rising oceans, and foul weather from Polar melt, the report said. The changes are the largest in the summertime, but they are actually happening during all months of the year.
Kachidurian Named Chief Commercial Officer of Seacube
Jim Kachidurian has been named Chief Commercial Officer of container leasing company SeaCube Container Leasing Ltd. He will report to Robert Sappio, Chief Executive Officer. Kachidurian has executive experience across a variety of financial services and transportation companies, having began his career in container leasing at Transocean Leasing some 30 years ago. He has held senior sales and marketing roles with companies such as GE Capital, Donlen Corporation and most recently as Senior Vice President - Sales and Marketing at Stoughton Trailers in Madison, Wisc.
Grand Bahama Shipyard Expands Sales Team
Grand Bahama Shipyard Limited (GBSL) has added three regional sales directors to its Marketing and Sales Division, with posts in the Americas, Europe and Asia/Middle East. According to the shipyard, their prime objectives will be to increase yard exposure, as well as develop future projects with existing and new customers for their refit, refurbishment or revitalization projects. Andre Szadzinski joined GBSL in August 2016 as Regional Sales Director for North and South America.
USCG Change of Command in Houston-Galveston
Coast Guard Capt. Brian Penoyer transferred command of Sector Houston-Galveston to Capt. Peter Martin during a change-of-command ceremony Friday at the Bayport Cruise Terminal near Houston. Martin assumed command of Sector Houston-Galveston and responsibility as Captain of the Port for operations along the Gulf of Mexico coastline from Lake Charles, Louisiana, to the Colorado River in Matagorda, Texas. This extensive area of responsibility includes 10 units and eight cutters between Texas City, Galveston, Port Arthur, Freeport, Sabine and the entirety of the Houston Ship Channel.
Arctic Sea Ice Sheds Weight in May
Arctic sea ice hit a record low in May 2016 as scientists discovered the first-ever link between melting ice in Greenland and a phenomenon known to warm the area faster than the rest of the Northern Hemisphere. According to the National Snow and Ice Data Center (NSIDC) in Boulder, Colorado, sea ice extent across the Arctic was 4.63 million square miles, which was an astonishing 224,000 square miles below the previous record low for the month of May, set in 2004. Data published…
Oceans Gasping for Breath, Oxygen Running Low!
Rising levels of CO2 are making it hard for fish to breathe in addition to exacerbating global warming and ocean acidification. Climate change has caused a drop in the amount of oxygen dissolved in the oceans in some parts of the world, and those effects should become evident across large parts of the ocean between 2030 and 2040, according to a new study led by researchers at the National Center for Atmospheric Research (NCAR) in Boulder, Colorado. The oceans receive their oxygen supply from the surface via the atmosphere or from phytoplankton…
Viega Relocates Its US Headquarters
Viega LLC announced that it will move its North American headquarters to Broomfield, Colorado, where it will build a new headquarters and educational training facility, with construction set to begin this summer. Relocation activities will begin immediately, to temporary office space, with the move completed by December 31, 2017. Viega LLC employs nearly 500 people in North America, with a central manufacturing and distribution center in McPherson, Kansas, as well as distribution centers in Nevada, Georgia and Pennsylvania, and another educational training facility in New Hampshire.
NOIA Elects McEvoy, Chairman Welch Vice Chair
The National Ocean Industries Association (NOIA) Board of Directors has elected Kevin McEvoy as Chairman and Dave Welch as Vice Chairman for the upcoming 2016-2017 term. McEvoy and Welch assumed their positions at the NOIA Annual Meeting today in Washington, D.C. Since 2011, McEvoy has served as Chief Executive Officer of Oceaneering International, Inc., global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications.
Bartyzel Joins Mathey Dearman Sales Team
Mathey Dearman has announced the addition of Daniel Bartyzel to their extended sales team. Bartyzel joined Intermountain Marketing Group as an Outside Sales Representative and will be responsible for accounts in New Mexico and Colorado. Bartyzel attended Technical Vocational Institute in Albuquerque, NM from 1993-1995, and has received sales training from the Brooks Institute in Greensboro, NC. Prior to accepting this position, he has served as the Sales Engineer/Accounts Manager for Daiken AC, and as a Manufacturer's Representative for both McCoy Sales and the Heiter Corporation.
SSI Development for Computer Aided Robotics Welding
CAD/CAM software maker SSI said it is developing solutions for Computer Aided Robotics Welding (CAR-W) consistent with its recent innovations in the area of 3D weld management. This research project is under the aegis of the U.S. Navy's National Shipbuilding Research Program (NSRP). On December 10-11, 2015, SSI representatives met with representatives from Wolf Robotics and Edison Welding Institute to further advance this development. Other organizations involved in the project include Bollinger Shipyards…
SBI Adds Business Development Director
SAFE Boats International (SBI) announced it has hired Paul Ouellette as its new business development director for the U.S. East. Ouellette joins SBI as a recently retired Major for the Florida Fish & Wildlife Conservation Commission (FWC). Ouellette earned his Bachelor of Science degree in Environmental Biology from Fort Lewis College in Colorado. Commencing work as a State Law Enforcement Officer with FWC, Ouellette rose through the ranks to become Florida’s Boating Law Administrator, Chief of FWC’s Boating and Waterways Section and Regional Commander of Florida’s NE Region.
WAGO Appoints Regional Sales Manager
WAGO has announced the appointment of Jim Ratcliffe to the position of Regional Sales Manager for Colorado, Wyoming and Montana. Ratcliffe, who previously held positions with General Electric and Schneider Electric, brings a strong engineering and sales background to his new role with WAGO. Additionally, Jim holds a bachelor’s degree in engineering from the University of Florida. Beyond bolstering support for WAGO customers in the area, Ratcliffe is looking forward to helping grow WAGO’s presence in the oil and gas, renewable energy, mining, metals and minerals sector.
USN Announces 2015 Young Investigators
It's a career-defining moment for 36 college and university faculty April 30, as the Department of the Navy announces the recipients of its 2015 Young Investigator Program, one of the oldest and most selective scientific research advancement programs in the country. Collectively, awardees will receive $18.8 million in grants to fund research across a range of naval-relevant science and technology areas. This is a banner year for the program, administered by the Office of Naval Research (ONR), which increased funding by 50 percent over last year.
WTS Announces Scholarship Winners
WTS International, the association for the professional advancement of women in transportation, has announced the selection of the winners of its seven scholarships for 2015. Each of the winners will be recognized at an awards banquet on May 21 during the 2015 WTS Annual Conference in Chicago, Illinois. Kim Kinnison – WTS Sharon D. “WTS is proud of each of our scholarship winners. These women—as well as the hundreds who have won scholarships awarded by their local WTS chapters—have exhibited incredible dedication to preparing themselves to enter the transportation industry.
HII Creates Nuclear Services Company SN3
Combining Huntington Ingalls Industries’ (HII) S.M. Stoller Corp. and Newport News Nuclear subsidiaries, the company has created Stoller Newport News Nuclear (SN3), a full-service nuclear operations and environmental services company. "Formation of SN3 is a logical next step in the post-acquisition process of fully integrating our people and capabilities to achieve our business goals," said Pete Diakun, vice president, energy programs at HII's Newport News Shipbuilding division.
John Anthony Chamberlain
A Founding Father of Signal Passes Away (December 12, 1940 – January 1, 2015). It is with great sadness that the Managers of Signal Mutual Indemnity Association Ltd. must report the unexpected passing of John Chamberlain at the age of 74. A founding father of Signal, John began work for Charles Taylor in 1969; moving to the United States in the early 1980s to work with a leading maritime consulting and claims adjusting firm, Lamorte Burns, on the early development of the business which would eventually become Signal Mutual.
Energy Sector Volatility Affects Middle Market M&A Activity
Market volatility for the petroleum sector provides a backdrop to an evolving Merger & Acquisitions environment for the Offshore Sector. In the 3Q edition of Maritime Professional, this series of articles examined the overall evolution of maritime and offshore M&A activity since 2010, tracing the flow of deals in the post-financial crisis era. In this edition, we take a closer look at relevant U.S. offshore energy industry deal flow and market movements as they relate to oil prices over time, and highlight some recent middle market transactions.
North Dakota's Bakken Club Evicted; Says Oil Drop Not a Factor
An exclusive private club in the heart of North Dakota's oil country has been evicted amid a spat with its landlord over building maintenance and unpaid rent, but the club's owners say it has nothing to do with low oil prices and they will reopen at another site. The Bakken Club, which Halliburton, Statoil , Weatherford and other companies joined for a $15,000 initiation fee and minimum monthly food spend of $750, was evicted from its downtown Williston locale on Dec. 21 for not paying rent, according to court filings.