Two new studies by Quest Offshore Inc. for the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show vast potential energy and economic benefits to the U.S. if the Eastern Gulf of Mexico and the Pacific outer continental shelf (OCS) were opened to offshore oil and natural gas development. Last year a similar study was conducted for the Atlantic OCS. All three areas – the Eastern Gulf of Mexico, the Pacific OCS and the Atlantic OCS – are currently almost entirely off-limits to offshore oil and gas development but could be included in the federal government’s next five-year leasing program. If the federal government begins holding lease sales in these regions in 2018, the three studies show that by 2035:
• Pacific OCS development could create more than 330,000 jobs, spur nearly $140 billion in private sector spending, generate $81 billion in revenue to the government, contribute over $28 billion per year to the U.S. economy, and add more than 1.2 million barrels of oil equivalent per day in domestic energy production.
• Eastern Gulf of Mexico development could create nearly 230,000 jobs, spur $114.5 billion in private sector spending, generate $69.7 billion in revenue for the government, contribute over $18 billion per year to the U.S. economy, and add nearly 1 million barrels of oil equivalent per day to domestic energy production.
• Atlantic OCS development could create nearly 280,000 jobs, spur $195 billion in private sector spending, generate $51 billion in revenue for the government, contribute up to $24 billion per year to the U.S. economy, and add 1.3 million barrels of oil equivalent per day to domestic energy production.
• Development in all three study areas – the Eastern Gulf of Mexico, the Pacific OCS, and the Atlantic OCS – could, by 2035, create more than 838,000 jobs annually, spur nearly $449 billion in new private sector spending, generate more than $200 billion in new revenue for the government, contribute more than $70 billion per year to the U.S. economy, and add more than 3.5 million barrels of oil equivalent per day to domestic energy production.
(As published in the November/December 2014 edition of Marine Technology Reporter - http://www.marinetechnologynews.com/Magazine)
energy sector was universally negative in the waning months of 2014 as the price per barrel continued to plummet below $60, the inevitable truth of oil & gas is that prices will rise again, and the long-term picture for this extinguishable natural resource is decidedly bullish. The oil and gas industry is
percent of Macshelf, which is headquartered in London. The function of the joint venture is to perform engineering feasibility studies for oil and gas developments, to promote the export of steel components from Shelfproekstroi's modern fabrication yards on the Caspian Sea and to market Shelfproekstroi's desi
a total of approximately $15 million (11 million pounds sterling) with Conoco (U.K.) Limited, to install offshore facilities for the Southern Basin Gas Development in the British sector of the North Sea in 1987 and 1988. The contracts call for 1987 installation of the production, accommodations
A / S (Danbor) of Denmark for the installation of in-field pipelines in the Danish sector of the North Sea f o r the Danish Undergrounds Consortium's gas development project. Commencing in May 1982 the contract covers the laying and trenching of approximately 50 km of pipelines varying between 6-inch
Eastern Gas and Fuel Associates and Houston Natural Gas Corporation announced recently that Eastern's wholly owned marine subsidiary, Midland Affiliated Company, has agreed in principle to acquire Federal Barge Lines Inc., a wholly owned subsidiary of Houston Natural. A formal agreement is expected
by the University of New Orleans on the "Economic Future of the Gulf South." Noting the Louisiana Gulf was the birthplace of offshore oil and gas development more than 30 years ago, Mr. Howson said: "Normally, when an area has been developed for 30 years you would expect the oil and gas to
property, and encompassing the lessening of risk and the avoidance of accidents. In its work, the Committee did not attempt to place OCS oil and gas development in perspective with other resource development activities. With regard to assessing the adequacy of regulations, the Committee directed
Paul L. Kelly, vice president- industry & government relations, for the Rowan Companies, Inc. Pro-Leasing is an advocacy program to promote oil and gas development on America's Outer Continental Shelf (OCS). It seeks to enhance public understanding of the reasons to lease the OCS and unlock its
and is positioned to prosper. On the flip side, the abundance of cheap oil and gas found onshore is starting to have an impact on offshore oil and gas developments, as the oil majors are digesting rapidly rising production and crewing costs and slashing E&P expenditure. Jim McCaul, our long-time editorial
,200 managers, engineers and technicians participated. The attendance this year is expected to surpass that figure. The Conference program shows that Gastech '81, to be held in the Congress Centrum Hamburg, will be the most important meeting in the series with more than 50 separate presentations under sev
, Browse and Canarvon Basins off the west coast, as well as in the Otway, Bass and Gippsland Basins off the southern coast. Large shallow water gas developments will continue to dominate subsea activities off the west coast of Australia until 2016. There are no visible projects in 2017 but major projects
will sell from Cimco at 43,000 to 47,000 Euros. Cimco rec- ommends service every 200 hours and belt checks at 800 hours. The average weight for a 300-hp gas outboard is 551 pounds and Cox’s V8 diesel out- board is 826 pounds. Unique Features: Advantage OXE “OXE’s technology eliminates bev- eled gears and
COLUMN OP/ED ? re? ghting is not a pro? table or sustainable venture. For determine that marine ? re? ghting services require dedi- example, to meet the regulatory standards ASA companies cated assets in contrast to vessels of opportunity currently have pre-positioned marine ? re? ghting equipment
customers will only be happy if they can use the engine The CXO300 is said to have a 100% higher peak torque at the crankshaft than the leading gasoline 300hp out- to go out to sea reliably. We have put in place stringent cus- boards, which enables the craft to move more weight tomer service milestones
board companies were not able to de- gap in the market for a diesel, high Safety was a big issue for military operators when deploying gaso- sign a more durable engine, but the power to weight, performance out- line outboards. Were military pa- truth is that they simply haven’t tried to board. With NATO
with less strain on without the need to overcome all the logistical challenges that the engine and improve even further the fuel performance come with gas, while the Coast Guard will be able to offer in comparison to similar gasoline outboards which are no- better support in cases of ? oods caused by
outboard engine, the to have come to the marine market and will deliver CXO300 brings a long-awaited single-fuel alternative some advantages over gasoline outboards. Describe to the global commercial workboat market. What was some of those advantages. the nexus of the idea? The Cox Powertrain diesel
EDITOR’S NOTE he end of one era typically signals the start of another. And, so it is with the business of building naval and municipal patrol boats, where the demand for smaller, more agile and T versatile hulls has skyrocketed. At the same time, and as governments everywhere come to the realization
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authorities as soon as possible. www.wartsila.com gme.net.au Hurtigruten Inks Rotten Fish NAVTOR NavBox Certi? ed Azurtane Launches New Vessel Biogas Deal Cyber Secure Positioning Technology As the global marine industry aggressively moves NAVTOR has moved to demonstrate the integrity Working in
vessels” Dr. Joseph Pratt, CEO & CTO of Golden Gate Zero Emission Ma- rine (GGZM), a recognized expert on maritime hydrogen. than compressed hydrogen gas. Because duce hydrogen. During the electrolysis achieves a cost level making it viable as sels like “cooperate meetings” and “na- of the mature network
and trade program aimed at reducing Satisfy Future IMO Requirements Pratt, CEO and CTO of Golden Gate According to Dr. Pratt, once launched Green House Gas emissions in the state With an ongoing push by the maritime Zero Emission Marine (GGZM), who the vessel will operate in San Francisco of California
annual maritime training insights database OPINIONS ON AUTONOMY in marine fuel from 3.5 to 0.5% by 2020, and long- term the proposal to reduce greenhouse gas emissions While technology behind the advent of autonomous operations is ubiquitous 50% by 2050. On the commercial side markets have traditionally
MarTID 2019 under management. grows in size and establishes many years METIs of data, this will be an important metric METIs globally have historically ‘car- to track. ried the water’ in terms of mariner train- Roughly two-thirds of the respondents ing, for regulatory compliance, licensing do not
MarTID 2019 Maritime Training Insights Database 2019 Training Practices Report esults from the second annual While a complex and time-consuming to livestock. While ships, technology tously in 2018 – 46 – which is the lowest Maritime Training Insights endeavor to plan, execute, compile and and increasing
, “STNG”, the tanker out? t consists of 111 vessels of 4.8 million dwt. These include 23 Suezmax (crude oil cluded) are owned, or partially owned, Gas Maritime, consists of nearly three (109 owned vessels plus 10 chartered by multiple entities in a complex cor- dozen Greek ? agged units- mostly
upwards. ignited a new surge of interest in the to shift as the market matures. The have imported LNG cargoes in the Supply growth across the total gas future of LNG as a key part of the en- LNG markets look like they may re- past quarter, and 14 of these countries markets has slowed, but recycling
2019 © alexlmx/Adobe Stock GAS SHIPS Credit: VesselsValue.com 36 Maritime Reporter & Engineering News • JUNE 2019 MR #6 (34-41).indd 36 6/3/2019 12:17:06 PM
46 CFR ning phase. Subchapter M in July of 2018, the size of the U.S. in- TUGBOAT & TOWBOAT MANUFACTURING Further, 71% of chemical investment from shale gas spected ? eet grew by approximately 6,500 vessels to a A recent report from Amadee+Company provides a is bulk petrochemicals and plastic resins
Revised Strategy on still more distant horizons to 2050, talk tity of VLSFO produced will initially European waters, with a likely additional Greenhouse Gas Emissions (following will turn increasingly to new types of be limited to 1 mb/d because of reduced tightening of middle distillate supplies. up
, they can consume very ex- the impacts of the IMO 2020 Rule by “We have undertaken a comprehensive ery system, “From a re? ning perspec- pensive marine gasoil (with typical sul- simulating and projecting the total glob- test campaign, conducting shipboard tri- tive, 0.5% marine fuel, be it distillate fur
T TECH: RENEWABLE ENERGY one design.” als. “I’ve just submitted a White Paper Also, creating a system that is ‘smart’, to the Of? ce of Naval Research for that a system able to adjust itself continually full budget,” said van Hemmen. “On to maximize and ef? ciently convert the the commercial side we
T TECH: RENEWABLE ENERGY SurfWEC @ a Glance Company SurfWEC LLC Tech Wave Energy Harnessing Device Start of Design 2007 Patented 2012 Patent Owner Stevens Institute a patented variable-depth shoaling fea- sil fuels. The patent ricated with buoy- in 2019.” of Technology License Holder SurfWEC LLC ture
T TECH: RENEWABLE ENERGY Ef? cient Wave Power ... Really! enewable energy production er source, energy storage, and wave Hydraulics, Bosch-Rexroth, Deeptek, Wave-generated power is of? cially ‘hot’, as a num- damping units co-located with existing HYDAC, ISCO Pipe, Wire Co./Lank- could be considered
I INSIGHTS: RENEWABLE ENERGY companies to gain expertise, both tech- from Massachusetts to Virginia. In 2018, The project utilizes patented Voltur- models will allow easier, faster and more nically and learning how to export this DOE chose the New York State Energy nUS platform technology, a ? oating