Every day we hear news of more cuts in E&P budgets, leading to more charter terminations for rigs and offshore service vessels. Oil & Gas companies, both private and government controlled, slashed projects around the world during 2015 and 2016 with everyone running for cover as oil prices slid from over $100/BBL to less than $30/BBL.
June 20, 2016 - The 46 CFR Subchapter M - Inspection of Towing Vessels Final Rule (FR) has been published in 81 FR 40003. The intent of the rulemaking is to promote safe work practices and reduce casualties both onboard, and caused by towing vessels.
The U.S. flag, inland deck barge "Lockwood 2001" was sold to U.S. Mid-West interests.
Marcon International, Inc. of Coupeville, Washington is pleased to have been appointed by Purple Water Ltd., a towing and ship design company operating from Geneva, Switzerland and London, U.K. as exclusive broker to market the shipyard licensing and construction of the new patented design, double-ended, double hull tug "Giano"® design to be built in the Americas.
Every four years, the American Society of Civil Engineers (ASCE) publishes "The Report Card for America’s Infrastructure", which grades the current state of national infrastructure categories on a scale of A through F. Since 1998, America’s infrastructure has earned persistent D averages and the failure to close the investment gap with needed maintenance and improvements has continued.
Marcon International Inc. is pleased to announce the sale of a U.S. flag inland pusher between U.S. West Coast operators.
A 90’ x 27’ U.S. flag tug built by Bollinger Machine in 1966 was sold between U.S. West Coast operators on a private & confidential basis.
The 1,700BHP "Benjamin Foss" was sold by Foss Maritime Company of Seattle, Washington to private U.S. interests.
The Indonesian flagged, twin screw utility tug "ES Taurus" has been sold to private interests for further trading outside of Southeast Asia.
Of the 13,084 vessels and 3,860 barges that Marcon currently tracks, 4,936 are tugs with 623 currently officially on the market for sale worldwide, up 1.47% since February and down 1.42% from May 2015.
Of the 3,821 barges and 12,982 vessels we currently track, 662 are tank barges with 26 inland and 22 ocean or coastal barges officially on the market for sale.
Of the 12,982 vessels (excluding barges) Marcon currently tracks, 693 are inland river pushboats with 54 officially on the market for sale (45 U.S. flag and nine foreign flag).
Of the 12,982 vessels and 3,821 barges Marcon tracks, 1,137 are crew, fast supply & pilot boats with 219 officially on the market for sale, plus we have 57 boats available for charter worldwide.
Of the 13,081 vessels and 3,831 barges tracked by Marcon, 3,280 are supply and tug supply boats, with 291 officially on the market for sale.
Wednesday, June 22, 2016 - On June 26, the Panama Canal Authority, the body that operates the Panama Canal, will open a third set of locks that will facilitate transit of larger ships, the first such expansion since the canal was completed in 1914.
Tuesday, June 14, 2016 - According to the Paris-based, International Energy Agency’s "Oil Market Report", crude prices firmed on the back of unscheduled supply outages in Nigeria, Ghana and Canada that exceeded 1.5 m/d by early May.
Tuesday, June 14, 2016 - For 2015, the U.S. Energy Information Administration (EIA) estimates that members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $404 billion in net oil export revenues (unadjusted for inflation).
Tuesday, June 14, 2016 - India was the third largest global energy consumer behind China and the United States in 2013. Despite having notable fossil fuel resources, India has become increasingly dependent on energy imports to meet its growing demand.
Tuesday, June 09, 2016 - Benchmark North Sea Brent crude oil spot prices averaged $47/barrel (b) in May, a $5/b increase from April and the fourth consecutive monthly increase since reaching a 12-year low of $31/b in January. Growing global oil supply disruptions, rising oil demand, and falling U.S. crude oil production contributed to the price increase. Brent crude oil prices are forecast to average $43/b in 2016 and $52/b in 2017.
Tuesday, June 07, 2016 - Baker Hughes announces May 2016 rig counts. The average offshore rig count for the United States was 24 in May 2016, down 2 from the 26 that were counted in April 2016, and down 8 from the 32 that were counted in May 2015.
Wednesday, June 01, 2016 - The Colorado State University Department of Atmospheric Science anticipates that the 2016 Atlantic basin hurricane season will have approximately average activity and landfall strike probability. The current weakening El Niño is likely to transition to weak La Niña conditions by the peak of the Atlantic hurricane season.
Wednesday, May 18, 2016 - Angola is the second-largest oil producer in sub-Saharan Africa. The country experienced an oil production boom between 2002 and 2008 when production started at several deepwater fields.
Friday, May 06, 2016 - Nigeria is the largest oil producer in Africa, holds the largest natural gas reserves on the continent, and was the world’s fourth-largest exporter of liquefied natural gas in 2015.
Thursday, April 28, 2016 - Iraq is OPEC’s second-largest crude oil producer and holds the fifth-largest proved crude oil reserves in the world.