Ocean Drilling & Exploration Company, 1600 Canal Street, New Orleans, La. 70160, has announced the appointment of Lincoln E.
Warren as vice president-oil and gas exploration to spearhead its effort to uncover new oil and gas reserves.
"Lincoln Warren's excellent technical abilities will be instrumental in the process of making sound investment decisions in this area. He brings to the company a lifetime of broad experience in the exploration for oil and gas.
"The company's strategy over the near term will be to devote most of its resources to search for new oil and gas reserves. This will be a major expansion from our previous role as the world's largest offshore contract driller with a sideline of oil and gas, to a substantial oil and gas producer as well as a leader in the contract drilling business," said Hugh J.
Kelly, ODECO president and chief executive officer.
Founded in 1953, ODECO is the world's largest offshore drilling contractor, with 40 rigs of four major classes and, in addition, explores for and produces oil and gas, provides underwater diving services and has insurance interests.
ODECO oil and gas expenditures were $66 million last year and are budgeted to approximately $75 million in 1977, with most of the expenditures targeted for development of the company's 7 percent interest in the Ninian Field in the British sector of the North Sea, and a number of Gulf of Mexico properties.
As these properties are placed on production, the resulting cash flow will add substantially to ODECO's capacity for new investments, Mr. Kelly said.
Mr. Warren formerly served as general manager of Gulf Oil Corporation southeastern exploration district and retired after 32 years of service with Gulf.
A geology graduate of the University of Texas, he joined Gulf in 1945 and became chief geologist for West Texas in Midland, Texas, in 1951. Mr. Warren was later named exploration manager for Western Gulf Oil Company, Los Angeles, Calif. He has held additional assignments in Denver, Colo., Jackson, Miss., New Orleans, La., and Houston, Texas.
Mr. Warren has served on numerous committees of American Petroleum Institute, including the Government Liaison Committee on Research. Last June, he was named chairman of the oil and gas panel in the National Planning Conference on the "Commercial Development of Oceans," sponsored by the U.S. Maritime Administration, the National Oceanic and Atmospheric Administration (NOAA), the Department of the Interior and the Energy Research and Development Administration (ERDA).
Currently, he is a member of the American Association of Petroleum Geologists and a Fellow of the American Association for the Advancement of Science.
, which will be funded largely through internal cash generation, is as follows: marine services, $25 million; compression services, $12 million; and oil and gas, $3 million. Capital expenditures for marine services include $2.8 million for the acquisition of two 92-foot line handling tugs for the Nigerian
exchange for approximately 600,000 shares of Tidewater common stock. Candies is a major provider of marine support services for the offshore oil and gas industry. It is anticipated that three of the vessels will join Tidewater Marine's foreign fleet. The remaining tug and cargo barge will be
some time, the practice is growing in eLearning, and more companies are making formal attempts to tie eLearning to competence management. Because the oil and gas business is so competitive, senior executives realize that knowledge, and the application of knowledge, is key to business success. Oil and Gas
price of the projects, including owner-furnished equipment, is $35 million. The production plant Daewoo is building will comprise six modules for oil and gas production, two modules for gas compression, and one dehydration module. Upon completion in May 1985, the equipment will be transported by Daewoo
the new construction program had been delivered. By the end of June 1979, delivery of the 13 additional vessels is expected. Tidewater Inc. is an oil and gas service firm providing marine support services to the world's offshore oil and gas industry. The company also provides gas and air compression
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engaged in coal production, natural gas distribution, inland marine transportation and oil and gas distribution, inland marine transportation and oil and gas development. For the nine months ended September 30, 1984, Eastern's revenues totaled $1.0 billion and net income was $51.5 million. HNG owns
30 years ago, Tidewater Inc.'s marine subsidiary, Tidewater Ma- rine Service, Inc., has consistently been a leader in the development of oil and gas support vessel design and operating improvements—hull design, superior machinery and in- novative equipment. The current reduced demand for Tidewate
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2015, DOF Subsea will launch its Skandi Explorer service to the European Market. Previously used in academic studies, this technology is new to the oil and gas market. The recent and sudden contraction of the Offshore Oil and Gas market has compelled operators to cut costs, while maintaining the high
. Burns joined Petro-Marine in May 1976 as project engineer responsible for design, drafting, purchasing, fabrication and installation of offshore oil and gas production facilities. He was associated with the Shell Oil Company from February 1969, until he joined Petro- Marine. His last assignment
.S. Navy, NOAA, and vari- MacGregor, part of Cargotec, com- pleted the construction of FibreTrac, the the most signi? cant cost-saving advan- ous offshore oil installations. All equip- ? rst ? ber-rope offshore crane to enter the tages seen in decades. FibreTrac is able ment is manufactured in the U.S
former Second Lady of Scrubber Delivered tric Boat. More than 10,000 shipbuilders from the United States and the ship’s sponsor, The very large crude oil carrier (VLCC) The submarine is the second ship to be Newport News and Electric Boat have during a ceremony in October 2018. Tanzawa, the ? rst
nm in and ity and cost effectiveness to the bene? t pair of FCS 3307 high-spec include Damen’s trademark Axe Bow around Nigeria’s coastal and offshore oil of Homeland’s clients. The decks allow patrol vessels to be operated hull form that is designed to deliver ex- ? elds. The security packages installed
14 ft./4.25 m sel built for the operator by Richardson Devine Construction Marine grade aluminium Marine. The 500-passenger, 35 knot vessel fea- Fuel Oil 4914 gallons / 18 600 liters tures the operator’s trademark parallel boarding Fuel Oil (Day tanks) 1057 gallons / 4 000 liters system, whereby ?
Laza- rev, a prominent Russian admiral and explorer known for his discovery of Antarctica. The tanker was ordered by Sovcom? ot to transport crude oil for the Novy Port project, under a long-term agreement between Sovcom? ot and Gazprom Neft. The ceremony was attended by Oleg Melnikov, Vice-Gov- ernor
Plug-In Hybrid for CEMS applications where condensed wa- ExxonMobil is supplying Mobilgard ter is not present in the ? ue gas. Consisting ADL 40 engine oil for Color Hybrid, Color of a stack-mounted probe and separate con- Line’s latest addition to its ? eet of ferries. trol unit, 4650-PM’s forward scattering
E EMISSION REDUCTION SCRUBBERS the exhaust gases before they are dis- nance downtime, and offers numerous tractive capital and operational costs. offering exceptional ? exibility and the charged into the atmosphere, allowing a bene? ts including a customized ? exible The ENVI-Marine system really
are switching to more expensive than HSFO, the poten- levels of re? ning required for LSFO and While the car’s emissions were lower low sulfur fuel oil (LSFO), but this will tial savings (i.e. savings gained from other distillates (such an upgrade would in GHGs, once the full production pro- mean
S SHIPMANAGEMENT FLAG “As a shipping company that is part of an oil company, our pri- mary role is managing marine risk, our secondary role is trans- porting oil.” Steve Herron, GM of Fleet Operations, Chevron Shipping Photo: Chevron and develop. A certain trust has devel- tal regulations adopted by the
ron Shipping. shaping global regulations at the Inter- Cand more, shipowners are de- ping companies make decisions that lead The business of transporting oil for national Maritime Organization (IMO), manding high levels of standards from to long-term success. Low taxes and low Chevron is not motivated
in- that her organization grows in step with installed, it an issue that everyone is fo- ber of early adopters, there is a growing dustry is a well-oiled machine, and it is an ever-changing industry. “I love being cused on.” reference list, particularly coming out also very adaptable. So if there
lift vessel (launched as a kind of positioning. leading the ELICAN consortium which ening, as well as modi? cations to the ‘Swiss army knife’ for the oil industry The slip joint connection was designed has designed and installed a 5MW pro- tank arrangement to enhance the proba- during its boom in 2013)
every Arctic Urgent requirement provider and operator of the U.S. polar ral resources there,” said Coast Guard nation in key strategic areas, such as oil The Coast Guard’s icebreaking ? eet capable ? eet but currently does not have Vice Commandant Adm. Robert Ray, and gas development, ports, railways
the military, as well as interest icebreaker. communications, and comprehensive eight countries that have territorial land in extracting minerals, oil and gas. Sea- “As the region continues to open and Maritime Domain Awareness. In order to or seas above the Arctic Circle or in the food is a multi-billion-d
, you have to circulate heat It’s kind of like Subchapter M. Early on we identi? ed was a lot of potential to take those to another level. transfer oil across the interface between the barge and our gaps and started to address them to make an easier the tug. I worked with a naval architect to help
started in the energy industry at 16 working at an The company that I was running was bought by Hous- When I left the vessel I was the Damage Control As- oil storage depot in New York Harbor, working there ton Marine Services, so we moved from the Port Ar- sistant, which was normally an engineering function
Financiers also note the overhang of commodations with its lenders. Its daily region for jack-ups again.” utilization and dayrates. The marketed older oil service vessels in the market- business will continue while discussions Privately held Edison Chouest, ac- utilization for both jackups and ? oaters
market in the U.S. witnessed an unprec- the same period in 2018.” They identify At present, oil prices will not support upward turn in the prices for oil and gas. edented shift, with the pendulum swing- Guyana as an important offshore region. large scale investment in new ? elds. In mid-September, the
WORKBOATS THE OSV MARKET OSV Market Which way is Up? The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an eco- nomic slowdown – whether cyclical or in- duced by a trade war – have weighed heav- ily on oil prices, even in the face of reduced
of in this area and Equinor´s proprietary France’s Total, Royal Dutch Shell, and reth. Equinor is at the top of the rank- their aims is for its total oil and gas port- technology in ? oating wind farm plat- possibly also UK´s BP. ing of O&G players most prepared for folio to reach 8kg of CO² per barrel
such agreements are ties can work around the package limita- in the candy bowl meant the venue had in contract negotiation and/or drafting/ the Louisiana Oil? eld Anti-Indemnity tion either by (a) de? ning a package and not read the contract, and there would be reviewing the same can and often does Act
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PROPULSION Robert Allan Ltd. and MTU Friedrichshafen GmbH recognized these new market opportunities, took action, and developed the ? rst natural gas fuelled shallow draft pushboat design – the RApide 2800-G pushboat. king’s new LifeCraft in
and procedure development, and L DEGAL EFENSE training can take anywhere from a few weeks to months to It doesn’t matter if the organization transports oil, con- complete. The additional costs associated with developing tainers, dry bulk, or even passengers; waterborne com- November 2019 28 MN MN Nov19