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Saturday, April 27, 2024

Oil And Gas Development News

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US Jobs from US Offshore Energy: A Goal 44 Years in the Making

on Outer Continental Shelf (OCS) issues.Mr. Guste and the other panelist testifying that day were urging Congress to recognize that the OCS contained amazing potential for energy development but that this resource had to be developed responsibly.Specifically, citing the increasing offshore oil and gas development experienced in the late 1970s, he urged Congress to ensure offshore energy development protected the environment, the valuable fisheries on the OCS, and the American taxpayers who own the OCS’ resources.Protecting the U.S. taxpayer was particularly important to Mr. Guste as he had

Dr. Phaneendra Kondapi (Photo: Texas A&M University)

Kondapi Named Subsea Director at Texas A&M

;s subsea program to become a world leader in a field that is emerging at the bottom of the ocean.”   Texas A&M’s master’s program in subsea engineering was established in 2014 and is one of only two such programs in the nation. Subsea engineering involves offshore oil and gas development and production operations from reservoir to onshore or platform and its challenges, throughout the life of the field.   “I am honored to lead the subsea program,” said Kondapi. “I know how important it is to design this program in such a way that we are sending top

SeaRiver Names New US-flag Tanker

;s energy and manufacturing renaissance.   “Pennsylvania has led the way in the development of the shale gas industry, which is powering the American economy,” said Madden. “The state is benefiting from increased demand for steel and other products that support oil and gas development as well as new manufacturing industries made possible by abundant supplies of affordable energy.”   In addition to double hulls for all cargo and fuel tanks, the Eagle Bay is equipped with leading technology for key systems, including main engine components and controls as well

Credit: Chevron - Statoil ASA

Study: US Offshore Holds Huge Untapped Potential

American energy for American consumers. We can do much more of the same with more access to the OCS,” said NOIA president Randall Luthi. 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

“I think our industry has to take a more proactive role in cleaning ourselves up, instead of simply defending ourselves and trying to say it’s not that bad. It is going to be expensive and the cost of transportation is going to increase, but I think the world understands that.”  -Thomas B. Crowley, Jr., Chairman and CEO,  Crowley Maritime Corporation

The Crowley Way

, making significant investments in new tonnage for the Jones Act trade, including the construction of its state-of-the-art tug fleet, ATBs and double hull equipment as well as a recent historic order for a series of new ConRos with VT Halter (see related story, page 38). But it is the shale oil and gas development that has come as perhaps the biggest surprise, and is a direct result of Crowley’s close relationship to its oil major customers to know their needs in regards to transport. “I think my dad and his management team found very unique designs of equipment, built a whole bunch and

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