Thursday, August 21, 2014 - Increasing production of crude oil in the Permian Basin has outpaced pipeline infrastructure to move the crude to refineries, causing prices for crude in the Permian (at Midland, Texas) to fall below similar crudes priced at Cushing, Oklahoma.
Monday, August 18, 2014 - Egypt is the largest non-OPEC oil producer in Africa and the second-largest dry natural gas producer on the continent. The country also serves as a major transit route for oil shipped from the Persian Gulf to Europe and the United States.
Marcon brokered the sale of a 48.0m x 11.0m offshore supply vessel between private overseas buyers and sellers.
Thursday, August 14, 2014 - This is the sixth year that we have issued shorter-term forecasts of tropical cyclone activity starting in early August. These two-week forecasts are based on a combination of observational and modeling tools.
Thursday, August 14, 2014 - U.S. total crude oil production averaged an estimated 8.5 million barrels per day (bbl/d) in July, the highest monthly level of production since April 1987.
Thurday, August 14, 2014 - The average U.S. offshore rig count for July 2014 was 57, down one from the 58 that was counted in June 2014 and down one from the 58 counted in July 2013.
Tuesday, August 05, 2014 - With the exception of Fujairah where MGO prices were up marginally to US$ 978.0 per metric ton over June’s average, prices slightly decreased across the board.
Marcon is pleased to announce the sale of the U.S. flag tug "Melvin E. Lemmerhirt" to U.S. buyers on a private & confidential basis.
Friday, August 1, 2014 - Azerbaijan, wholly located within the South Caspian Sea basin, is among the oldest oil producers in the world. Oil and natural gas production and export are central to Azerbaijan’s economic growth.
Thursday, July 24, 2014 - Iran holds the world’s fourth-largest proved crude oil reserves and the world’s second-largest natural gas reserves. Despite the country’s abundant reserves, Iran’s oil production has substantially declined over the past few years, and natural gas production growth has slowed.
The U.S. flag crewboat "Three Aces" was sold to C&C Boats of Huntington Beach.
Of the 3,921 barges and 12,727 vessels we currently track, 733 are tank barges with 54 inland and 41 ocean or coastal barges officially on the market for sale.
Of the 12,727 vessels (excluding barges) Marcon currently tracks, 677 are inland river pushboats with 83 officially on the market for sale (70 U.S. flag and 13 foreign flag).
Of 12,727 vessels and 3,921 barges tracked by Marcon, 3,171 are supply and tug supply boats, with 261 officially on the market for sale.
Of the 12,727 vessels and 3,921 barges Marcon tracks, 1,089 are crew, fast supply & pilot boats with 196 officially on the market for sale, plus we have 51 boats available for charter worldwide. 31.1% of the boats officially for sale are U.S. flag.
2014 is off to a good start for most sectors Marcon covers, and although it remains a bit of mixed bag we are confident that the year will finish strong - which we have all been looking forward to.
Of the 12,705 vessels and 3,888 barges that Marcon currently tracks, 4,770 are tugs with 687 currently officially on the market for sale worldwide, up 2.38% since November 2013 and down 5.50% from February 2013.