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Deepwater Oil Exploration Buoyed by Recent Offshore Auction

Posted by PortVision on Sep 26, 2017 6:07:00 AM

High bids by major oil producers in a recent Gulf of Mexico offshore auction point toward a resurgence of interest in deepwater exploration. This year’s bids totaled $121 million—nearly a seven-fold increase over the bids on the Outer Continental Shelf auctioned last summer by the Bureau of Ocean Energy Management (BOEM).

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Natural Gas Boom Likely to Compound Congestion at Ports in Gulf

Posted by PortVision on Jul 18, 2017 1:04:08 PM

With the increase in America’s production and export of natural gas, some industry experts warn of bigger traffic jams among tankers at the busiest ports in the Gulf. The congestion is not exactly on par with an LA freeway at rush hour, but sizable enough to cause costly delays.

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AIS Vessel Tracking Provides View of USS Fitzgerald Collision

Posted by Chris Leslie on Jun 22, 2017 6:07:00 AM

 Early Saturday morning, a US destroyer, the USS Fitzgerald, was hit by a container ship just off the coast of Shimoda, Japan. The collision claimed the lives of seven US Navy Sailors. In the aftermath of this tragedy, both sides are trying to figure out exactly what happened.

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Will OPEC’s extension of production cuts lead to higher oil prices?

Posted by PortVision on Jun 13, 2017 6:07:00 AM

In Vienna on May 25, members of the Organization of the Petroleum Exporting Countries (OPEC) and its allies — including Russia — agreed to extend their cutbacks in oil production in hopes of addressing the glut of oil that’s been keeping down the price-per-barrel.

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Collaborative Intelligent Monitoring to Protect Offshore Assets

Posted by PortVision on Jun 8, 2017 6:07:00 AM

***This article originally appeared at www.marinemec.com. Jason Tieman, our Director of Maritime Operations was interviewed by Martyn Wingrove. You can read the article in its entirety here.

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Pipeline Maintenance Reroutes LNG Deliveries to Mexico

Posted by Chris Leslie on Apr 27, 2017 6:07:00 AM

Earlier this month, Pemex, Mexico's state-owned petroleum company, started importing LNG from Cheniere Energy's export terminal in Sabine Pass to Mexico's Altamira import terminal.  These deliveries were the product of scheduled maintenance on the NET Mexico pipe in Texas, which starting during the holy week of April 9 - 15. 

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Large Fleet of Icebergs Impacting North Atlantic Shipping Lanes

Posted by Chris Leslie on Apr 7, 2017 6:07:00 AM

Over 450 icebergs have drifted down into the North Atlantic shipping lanes, 363 of which have arrived over the past 7 days. This is forcing vessels to either dramatically lower their speed to navigate the icebergs, or take detours which can add up to 400 miles to the trip.

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The NOAA's Ronald H. Brown Finally Returns Home

Posted by Chris Leslie on Mar 31, 2017 6:07:00 AM

As first reported on Tuesday by The Maritime Executive, the Ronald H. Brown has returned to her home port of Charleston, South Carolina after being deployed for 1,347 days. This was longer than any other NOAA research vessel has been away from home.

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Heavy Smog in China’s Ports Causes Costly Delays

Posted by PortVision on Mar 21, 2017 6:07:00 AM

The watchdogs at China’s Ministry of Environment probably weren’t surprised at the shipping delays recently caused by the heavy smog in the major ports in northern China. But the shippers were.

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New Chinese Satellite Network Plan Announced

Posted by PortVision on Feb 22, 2017 12:07:00 AM

A new communications satellite network owned by China Aerospace Science and Technology Corporation will be up and running by 2020. The new network plan was announced at the Fourth Aerospace Internationalization Forum in Beijing in December, 2016. Maritime Executive reports that the satellites, known together as the Hongyan system, will operate globally.

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