America News

Image courtesy GE Marine

GE Gas Turbines Power USS America

GE Marine reports that the United States Navy’s future USS America (LHA 6) amphibious assault ship recently completed successful acceptance sea trials powered by two GE LM2500+ marine gas turbines. Acceptance sea trials were conducted in the Gulf of Mexico by Huntington Ingalls Industries, nearby its Pascagoula, Mississippi, shipyard.
Maersk Intrepid was delivered by Keppel in Q1 2014 (Photo courtesy Maersk)

Keppel Q1 Profits Dip Slightly

The Keppel Corporation released its limited unaudited results for the first quarter ending March31, 2014, reporting a 5% decrease in net profits to S$339 million compared to Q1 2013's S$357 million, though the company attributed the decline to one-off gains from the reversal of provision from the sale of a power barge and write-back of tax provision made by Keppel Land in Q1 2013.
Most Ethical Cos

Holland American Line, with Seabourn Named 'World's Most Ethical' Companies

For the third consecutive year, Holland America Line, together with sister line Seabourn, was named among the World’s Most Ethical Companies by Ethisphere Institute, a leading business ethics think-tank. The company secured its spot on the list by implementing and maintaining business practices and initiatives that are instrumental to company success and benefit the community.
Pictured with U.S. Sens. Tim Kaine and Jack Reed  in front of USS Abraham Lincoln are (left to right) Capt. Karl Thomas, the ship’s commanding officer; Todd West, director, Newport News’ RCOH program; and Chris Miner, Newport News’ vice president of in-service aircraft carrier programs. Photo by Chris Oxley, Huntington Ingalls Industries

US Sens. Kaine and Reed Visit Newport News Shipbuilding

Huntington Ingalls Industries (HII) hosted U.S. Sens. Tim Kaine (D-Va.) and Jack Reed (D-R.I.) Tuesday for a tour of the company's Newport News Shipbuilding division. The visit provided the senators an opportunity to meet shipbuilders and see construction progress being made on all programs across the shipyard. Huntington…
Mauricio Santos, C-MAR Country Manager at the Rio de Janeiro training center.

C-MAR's Modern Approach to DP Training in Brazil

The modern offshore maritime industry heavily relies on different classes of DP vessels, from OSVs to Drillships and Tankers, almost all vessels serving the oil and gas industry need to be DP capable in order to safely operate offshore. The massive growth experienced in Brazil due to the uncorking of huge deepwater pre-salt plays has caused a steady demand for new ships…
EnerMech chief executive officer Doug Duguid, left, with CVT managing director Stephen David in Cape Town

EnerMech Acquisitions Extend its Presence in US, Africa

Oil and gas engineering specialist, EnerMech, has extended its international presence in the cranes and lifting and valves sectors with two acquisitions in the USA and Africa. The combined value of the deals is said to be approximately £4 million and are forecast to add an extra £25 million to group revenues over the next three years.

China Inc Joins the Big League in Oil and Gas Services

Global oil companies are increasingly turning to China for services and equipment, attracted by lower costs and a newly acquired expertise that is challenging more established rivals. State-run and privately controlled Chinese rig makers, oil and gas services and engineering firms are showing up in the supply chain everywhere from the Middle East…
Photo: Panama Canal Authority

Panama Canal Locks Contract in Effect

The agreement between the Panama Canal Authority (ACP) and Grupo Unidos por el Canal. S.A. (GUPC) took effect Thursday, March 20 after signature by all involved parties. As announced by the ACP on February 27, the agreement falls within the terms of the contract for the design and construction of the third set of locks and does not include any payment for claims.
Saipem FDS 2 with new J Lay tower at anchor. (Photo Saipem)

Saipem: A Fleet Grows in Brazil

As some pre-salt plays begin production, a wide range of subsea infrastructure is being built, with O&G transportation pipeline grids being one of the vital downstream systems. Saipem has been recipient of the first major contracts to install deepwater pre-salt pipelines by national operator Petrobras. Claudio Paschoa,…

Encana unit to sell US assets to Stabilis Energy

Liquid natural gas supplier Stabilis Energy said on Monday it would buy most of the U.S. assets of Encana Natural Gas Inc, a unit of Canada's Encana Corp, for an undisclosed price. Encana, Canada's largest natural gas producer, has been shedding assets under Chief Executive Doug Suttles, who wants the company to cut its dependence on natural gas…
Image credit Port of Hueneme

First Ship Plugged-In to New Port of Hueneme AMP System

The Port informs that it has conducted its first operational and safety vessel test of its recently installed Auxiliary Maritime Power (AMP) system. Port crews were on hand to view this first vessel ‘plug in’ by Hamburg Sud’s 'M/V Cap Pasley', carrying fresh fruit for Chiquita Brands of Charlotte, North Carolina. The Port…
Source: U.S. Energy Information Administration

U.S. oil reserves highest since 1970s

U.S. exploration and production companies are finding accumulations of crude and condensates twice as fast as they are producing them, according to statistics published on Thursday. Proved reserves of crude stood at 30.5 billion barrels at the start of 2013. If condensates are included, proved reserves reached 33.4 billion barrels, the highest since 1976, according to a new report from the U.S.
Coast Guard tactical air squadron at change of command ceremony

Coast Guard tactical air squadron holds change of command ceremony

Capt. Kevin P. Gavin relieved Capt. Donna L. Cottrell as commanding officer of Coast Guard Helicopter Interdiction Tactical Squadron Jacksonville during a change of command ceremony at HITRON Friday. HITRON is America's first airborne law enforcement unit trained and authorized to employ airborne use of force and intercept go-fast vessels suspected of transporting illicit narcotics toward U.S.

POSH may raise $311 Mln in Singapore IPO

PACC Offshore Services Holdings (POSH) could raise at least S$388.27 million ($311 million) after pricing its initial public offering near the bottom of the pricing range indicated earlier, two sources with knowledge of the matter said. Underwriters have recommended POSH to price the deal at S$1.15 a share against an indicative price range of S$1.13 to S$1.24 a share, the sources said.
 Frank Foti, Vigor Industrial CEO

Shipbuilding: Vigor Industrial Grows Stronger

Vigor Industrial has ballooned from a modest shipyard in Portland, Oregon, to the largest shipbuilder in the Pacific Northwest and Alaska. Vigor increasingly thinks big and builds big. The company’s new floating dry dock will be the largest in the United States. And Vigor wants to get even bigger. CEO and owner Frank Foti…

18 O&G Leaders Appointed to NOIA Board

The National Ocean Industries Association (NOIA) appointed 18 industry leaders to its Board of Directors on April 10, 2014 during its Annual Meeting in Washington, DC. Benjamin G. Mark Meunier, Vice President, Business Development, Kiewit Offshore Services, Ltd. Lee Orgeron, President, Montco Offshore, Inc. Rob Saltiel, President and CEO, Atwood Oceanics, Inc.
Photo courtesy of ISS

ISS Network Expands to Venezuela

Inchcape Shipping Services (ISS) has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz. Port Manager, Aldo M. Limongelli, who brings 38 years of experience in maritime operations such as chartering, bunkering, stevedoring, transportation, project cargo, logistics and green energies…

OGX lands $73 Mln loan

Bankrupt Brazilian oil company Óleo and Gás Participações SA, formerly known as OGX, has obtained a $73.2 million loan to finance exports and related costs, the company said on Tuesday in a securities filing. The company, the flagship of Brazilian tycoon Eike Batista's EBX energy, mining, shipbuilding and port-operation group before its collapse…
Members of the Board of Commissioners of the Port of New Orleans are joined by Port President and CEO Gary LaGrange wearing shirts with the port's new logo while the new port flag flies above the Gen. Roy S. Kelley fireboat. Pictured Commissioner Joseph F. Toomy, Mr. LaGrange, Commissioner William T. Bergeron, Board Chairman Daniel F. Packer, Board Secretary-Treasurer Scott H. Cooper, Commissioner Michael W. Kearney and Commissioner Robert Barkerding Jr.

Port New Orleans Unveils New Logo

The Board of Commissioners of the Port of New Orleans unveiled a new modern, streamlined logo today to kick-off the 6th annual Critical Commodities Conference. The rebranding effort represents the culmination of work of an internal committee consisting of staff from a variety of port departments and two members representing the Board of Commissioners.

Toledo Maritime Academy Hosts Admiral’s Ball Weekend

The Maritime Academy of Toledo Foundation wrapped up a successful Admiral’s Ball Weekend on Saturday, April 12, with the fourth Annual Admiral’s Ball and Charity Auction. More than 130 people attended the event which brought in $22,000 for the educational needs for cadets at the school. The theme for this year’s event was “Chart Their Course for Success With Us”.