Page 43: of Marine News Magazine (October 2012)

Year in Review & Leadership

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scheduled for November 28, offering leases in the Western Gulf. Acres in the Central Gulf will be offered in a March 20, 2013 sale. Meanwhile, Republican presidential candidate Mitt Romney has his own take on the oil and gas situation. For his part, Romney has pledged to loosen regulations on drilling and to make the U.S. nearly energy independent by 2020 ? something energy giant BP recently said is entirely possible. INDUSTRY WEATHERS HURRICANE ISAAC When Isaac moved into Louisiana in late August, 509 of the 596 oil production platforms and 50 of the 76 drilling rigs in the Gulf were evacuated, according to the federal Bureau of Safety and Environmental Enforcement or BSEE. Barousse said ?vessels were on standby during and after the hurricane as the GOM was evacuated, but that doesn?t mean companies were shut down. Vessels came in for safe harbor, and most went right back on the same projects once the storm passed. Some customers asked for standby rates and some did not. Oil and gas projects in the Western Gulf didn?t even shut down.? Barousse said ?there was some minimal damage to oil and gas structures offshore. The biggest impacts for offshore operators were costs associated with evacuating personnel and loss of production while wells were shut in during the storm.?Socha at Bollinger said ?Louisiana locations closed for two days during Isaac. The weather and effects associated with Isaac had minimal impacts on Bollinger as a whole, though we did have loss of production in Louisiana. Once the storm moved farther inland, production was back up and running at 100 percent at all our facilities, allowing our assessment Global Marine Power, LLC is a marine and stationary power plant equipment supply and repair company. We carry a very large inventory of engine spares turbocharges/spares, compressors and centrifuges. Having a large inventory of engine spares means we can ship at short notice.? marine engines and spares ? power plant spares ? turbochargers and spares ? compressors & refrigeration ? centrifuges and spares ? hydraulic motors and pumps We specialize in Bergen - Normo, Wartsila, MaK and Deutz Engine Spares GlobalMarinePower.commarine engines ? power plants ? turbochargers6720 C Mayfair StHouston, TX 77087 USAt: +1 713 640 9300f: +1 713 640 9302www.globalmarinepower.com Global Marine Power MN Apr12.indd 12/27/2012 9:33:51 AMwww.marinelink.com MN 43MNOct2012 Layout 32-49.indd 43MNOct2012 Layout 32-49.indd 4310/2/2012 10:02:26 AM10/2/2012 10:02:26 AM

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