Oil Industry

  • Charles DiBona, head of the American Petroleum Institute, warned that by continuing to discourage domestic production, the United States faced an oil price shock by the end of this decade. In spite of the world's current oil glut, he stated that "We're headed for disaster." Before delivering a speech to the Detroit Economic Club, Mr. DiBona told reporters that "We're going to find ourselves, within a relatively short time, importing not half of our fuel but two-thirds of it." Continuing, he said that "If that happens at a time when there is any kind of squeeze on the availability of petroleum, the price will rise very sharply." He went on to say that there were fewer U.S. drilling rigs currently in operation than at any time since the mid-1940s, when such statistics were first regularly recorded.

    Mr. DiBona predicted that the decline in domestic production will only be hastened by recent proposals made to ban drilling off the Florida coast and in Alaska's National Wildlife Refuge.

  • — Prospects For The Future — The oil industry had a disappointing year in 1991—the combined profits of the leading 20 oil companies were more than 20 percent belowthe income earned in 1990. Total sales of the oil companies in 1991 fell by more than four percent—the first time sales have fallen

  • The National Oceanic and Atmospheric Administration (NOAA) has fired the first round in the potentially long and bitter battle over oil spill damage assessment between the U.S. government and the oil transport industry. NOAA has recently published its attempt to formulate a logical set of rules on

  • Despite the lure of large discoveries, the oil industry is wary about risking its money in proposed new lease sales off California's coast because of fierce opposition ranging from small local groups to the governor. The oil industry has learned the hard way that local opposition in California can

  • Regulations stemming from the United States Oil Pollution Act of 1990 is resulting in a major rethinking of tanker industry ship design, equipment, chartering, operations and liability procedures. At the annual meeting in Genoa of the International Association of Independent Tanker Owners (Intertanko)

  • of oil industry services, Seattle, Wash. Mr. Smith is responsible for marketing offshore oil transportation and for contract administration in the oil industry and contract services department. The company performs oil barging on the U.S. West Coast as well as to Alaska and Hawaii, utilizing a fleet

  • , as well as Mexico and Central America. In a second announcement, the company also outlined plans for a major expansion of its marine and oil industry engine sales and service operation in southern Louisiana. According to C. James Stewart II, chairman of the board of Stewart & Stevenson, the

  • Gulf, Caribbean, North Atlantic, and offshore West Africa, Acadian Marine serves the oceanographic research, seismographic, container, and offshore oil industry trades. Prieur J. Leary Jr., president of Acadian Marine, said NICOR's strength will allow Acadian to take advantage of tremendous worldwide

  • . and its affiliate, Offshore Island Boats, Inc., provide marine transportation services with a fleet of 16 towing/supply vessels to the offshore oil industry

  • studies at the U n i v e r s i t y of California with three years' service in the U.S. Coast Guard, where his duties included extensive review of oil industry vessel and equipment designs with special emphasis on safety, stability, and seaworthiness. He attained the rank of lieutenant. Mr. Richardson

  • , however, a still ongoing change took place when Steiner Shipyard was awarded a contract for self-elevating work platforms (jack-up boats) for the oil industry. Until then, the only shipyard engaged in building anything in quantity other than shrimp boats was Off Shore Trawlers, Inc., owned and operated by

  • the formation of a new division, Alcoa Marine Offshore Services Co., to offer geotechnical and geophysical marine field services, primarily to the oil industry. The new division, to be headquartered in Houston, Texas, will use the services of Alcoa Seaprobe, a 243-foot marine research and coring vessel

  • MR Feb-24#47 MARKETPLACE
Products & Services)
    February 2024 - Maritime Reporter and Engineering News page: 47

    MARKETPLACE Products & Services www.MaritimeEquipment.com Powering the fleet for 60 years! Manufactured by MER Equipment (206) 286-1817 www.merequipment.com Join the industry’s #1 Linkedin group http://bit.do/MaritimeNetwork Vessels, Barges & Real Estate

  • MR Feb-24#44 Tech Files
Latest Products & Technologies
MarineShaft)
    February 2024 - Maritime Reporter and Engineering News page: 44

    Tech Files Latest Products & Technologies MarineShaft Yanmar Hydrogen MarineShaft specializes in urgent re- Fuel Cell AIP pair/replacement of damaged rudder and Yanmar Power Technology Co., Ltd. propeller equipment along with many (Yanmar PT), a subsidiary of Yanmar on-site repair services. MarineShaft

  • MR Feb-24#43 OPINION: The Final Word
lenges related to quality of life)
    February 2024 - Maritime Reporter and Engineering News page: 43

    OPINION: The Final Word lenges related to quality of life factors GAO made six recommendations that may affect this. Currently, reports on also affects the Coast Guard’s ability to the Coast Guard, among other things, these types of issues are expected to be retain personnel. For example, in April

  • MR Feb-24#42 OPINION: The Final Word
GAO: USCG Should Address 
Workforce)
    February 2024 - Maritime Reporter and Engineering News page: 42

    OPINION: The Final Word GAO: USCG Should Address Workforce Recruitment and Retention Challenges By Heather MacLeod, Director, GAO’s Homeland Security and Justice team he Coast Guard has strug- Coast Guard established cyberspace as vessels to determine whether they meet gled for years to recruit an

  • MR Feb-24#39 , ignition, safety, pilot-oil 
people that will be] working)
    February 2024 - Maritime Reporter and Engineering News page: 39

    a testing program that will the fact that container ports are close to cities, and [all of the study aspects such as heat-release, ignition, safety, pilot-oil people that will be] working on board the vessel. We need to energy fraction, NOx and N2O emissions.” make sure that everybody's safe,” said Brindley

  • MR Feb-24#33  
not forget any oil leak, big or small, can)
    February 2024 - Maritime Reporter and Engineering News page: 33

    EAL AND STERN TUBE DAMAGES STACKING not forget any oil leak, big or small, can be catastrophic to the marine environment and marine life, with some EALs found to THE DECKS be only slightly less damaging than the phased-out traditional WITH BEST-IN-CLASS MARINE oils,” said VP of Business Development

  • MR Feb-24#32  
to contaminate the lubrication oil. A 2022 study 
by CSIRO)
    February 2024 - Maritime Reporter and Engineering News page: 32

    the incidents analyzed by Gard were attributed to ghost ? shing gear that enter the stern tube seal area causing seawater to contaminate the lubrication oil. A 2022 study by CSIRO scientists estimated that the amount of longline ? shing gear littering the ocean each year can circle the Earth more than

  • MR Feb-24#31  over 
important.”  
your oil quality in the 
primary)
    February 2024 - Maritime Reporter and Engineering News page: 31

    EAL AND STERN TUBE DAMAGES “Our recommendations “A good bearing are simple. Please design is have good control over important.” your oil quality in the primary barrier, the aft – Øystein Åsheim Alnes sealing system,” Head of section for Propulsion and Steering, – Arun Sethumadhavan DNV

  • MR Feb-24#30  often delivered with mineral oil then converted 
to EALs)
    February 2024 - Maritime Reporter and Engineering News page: 30

    started experiencing bearing damage, with many of them having lubricant contamination problems. The affected vessels were often delivered with mineral oil then converted to EALs and subsequently suffered sealing problems. DNV rules support the use of mineral lubricants, EALs and water lubrication and

  • MR Feb-24#29 AMERICAN ROLL-ON ROLL-OFF CARRIER (ARC)
operate a US ?  ag)
    February 2024 - Maritime Reporter and Engineering News page: 29

    AMERICAN ROLL-ON ROLL-OFF CARRIER (ARC) operate a US ? ag ship just for the MSP customer through that global network. As an example of “clarity and con- stipend. It’s a cargo driven industry, and We are certainly a unique business unit sistency,” Ebeling points ? rst to “the those cargoes help to

  • MR Feb-24#27 AMERICAN ROLL-ON ROLL-OFF CARRIER (ARC)
“MSP really only)
    February 2024 - Maritime Reporter and Engineering News page: 27

    AMERICAN ROLL-ON ROLL-OFF CARRIER (ARC) “MSP really only works when it’s hand in glove with the cargo preference laws. Those are the laws that generate the cargo that moves on US ? ag vessels. Really, it’s cargo – those preference cargoes – that’s the key incentive for US ? ag operators in internatio

  • MR Feb-24#22 R&D
MATT HART 
Matt Hart, Manager & Platform Leader)
    February 2024 - Maritime Reporter and Engineering News page: 22

    R&D MATT HART Matt Hart, Manager & Platform Leader, Marine & Stationary Power Systems, Wabtec, offers insights on how the megatrends of decarbonization, energy transition and autonomy all inspire Image courtesy Wabtec and impact the marine power solutions from Wabtec. By Greg Trauthwein Matt, to start

  • MR Feb-24#20  
lessons learnt from deepwater oil & gas projects into the)
    February 2024 - Maritime Reporter and Engineering News page: 20

    ? oating energy business that leverages the skills and tion vessels. We are forecasting some potential supply chain lessons learnt from deepwater oil & gas projects into the bottlenecks as a result of the increased activity. emerging ? oating wind segment, with measures including: To show how ?

  • MR Feb-24#18  specialized deepwater oil & gas and ?  oating offshore)
    February 2024 - Maritime Reporter and Engineering News page: 18

    Intelatus Floating Production White Paper. Floating Production – A growing segment in transition © AdobeStock_Dolores Harvey The specialized deepwater oil & gas and ? oating offshore wind segments will share many of the same stakeholders and supply chains, competing for increasingly scarce resources

  • MR Feb-24#16 THE PATH TO ZERO
Methanol’s Superstorage Solution  
Technica)
    February 2024 - Maritime Reporter and Engineering News page: 16

    THE PATH TO ZERO Methanol’s Superstorage Solution Technical inquiries to SRC Group ramped up after it received Approval in Principle (AIP) for a concept which ‘reinvented methanol fuel storage’ on board ships. Delivering the answers has seen technical talk converting into project discussions

  • MR Feb-24#13 motion, strikes, riots, and looting, is a new top ?  ve)
    February 2024 - Maritime Reporter and Engineering News page: 13

    motion, strikes, riots, and looting, is a new top ? ve risk for the marine and shipping industry this year at 23%. Businesses and their supply chains face considerable geo- political risks with war in Ukraine, con? ict in the Middle East, and ongoing tensions around the world. Political risk in 2023

  • MR Feb-24#12 Maritime Risk 
Top Marine Business Risks in 2024
By Rich)
    February 2024 - Maritime Reporter and Engineering News page: 12

    Maritime Risk Top Marine Business Risks in 2024 By Rich Soja, North American Head Marine, Allianz Commercial yber incidents such as ransomware attacks, data linked to several large ? re incidents at sea in recent years. breaches, and IT disruptions are the biggest worry Regularly assessing and updating

  • MR Feb-24#9 Simulation is a great example. This  addressing the)
    February 2024 - Maritime Reporter and Engineering News page: 9

    Simulation is a great example. This addressing the challenges of cultural novation, and a dedication to continuous technology offers a great avenue for and language barriers in training, the improvement, we can ensure a safer and improvement, providing realistic train- industry can not only improve

  • MR Feb-24#8 Training Tips for Ships
Tip #56
Addressing Cultural and)
    February 2024 - Maritime Reporter and Engineering News page: 8

    Training Tips for Ships Tip #56 Addressing Cultural and Language Barriers in Maritime Training By Murray Goldberg, CEO, Marine Learning Systems n the maritime industry, our inherently diverse workforce ciency. So what, speci? cally, are the issues and what can we is both a great value and a source of

  • MR Feb-24#6 Editorial
MARITIME
REPORTER
AND
ENGINEERING NEWS
M A R I N)
    February 2024 - Maritime Reporter and Engineering News page: 6

    Editorial MARITIME REPORTER AND ENGINEERING NEWS M A R I N E L I N K . C O M s the world increasingly HQ 118 E. 25th St., 2nd Floor becomes a geopolitical New York, NY 10010 USA T +1.212.477.6700 quagmire, with Russia’s Awar in the Ukraine soon CEO John C. O’Malley entering year three and disparate

  • MR Feb-24#4 Authors & Contributors
MARITIME
REPORTER
AND
ENGINEERING)
    February 2024 - Maritime Reporter and Engineering News page: 4

    Authors & Contributors MARITIME REPORTER AND ENGINEERING NEWS M A R I N E L I N K . C O M ISSN-0025-3448 USPS-016-750 No. 2 Vol. 86 Maritime Reporter/Engineering News Goldberg Haun (ISSN # 0025-3448) is published monthly Galdorisi except for March, July, and October by Maritime Activity Reports, Inc.

  • MR Feb-24#2nd Cover By pairing our technical knowledge with the latest 
digital)
    February 2024 - Maritime Reporter and Engineering News page: 2nd Cover

    By pairing our technical knowledge with the latest digital technologies, ABS leads the maritime industry in providing customers with innovative, tailored sustainability solutions that deliver results. Learn more today at www.eagle.org/sustainability COV2, C3 &C4 MR Feb 2024.indd 1 2/5/2024 2:21:21

  • MN Feb-24#39 Vessels
Next WSF Vessels Could Be Built 
Outside of)
    February 2024 - Marine News page: 39

    Vessels Next WSF Vessels Could Be Built Outside of Washington State By Eric Haun The next newbuilds for Washington State Ferries (WSF) is required to award a credit of 13% of the bid price for bid could be built by a shipyard outside of Washington as the proposals for vessels constructed in the state of

  • MN Feb-24#36 Feature
Marine Simulation
Pioneering regulatory change
Witho)
    February 2024 - Marine News page: 36

    Feature Marine Simulation Pioneering regulatory change Without simulation, opportunities to train on marine evacuation systems are few and far between, basically only Virtual Marine’s impact extends beyond technology de- coming along when the system becomes outdated and velopment. The company has played