January 30th, 2009 – HOUSTON  – Exxon Mobil Corp. on Friday reported a profit of $45.2 billion for 2008, breaking its own record for a U.S. company, even as its fourth-quarter earnings fell 33 percent from a year ago. The previous record for annual profit was $40.6 billion, which the world’s largest publicly traded oil [...]

HOUSTON: The United States Bankruptcy Court for the Southern District of Texas has confirmed the Plan of Liquidation submitted by Superior Offshore International. Under the plan, all equity interests will be canceled on Feb. 11. The former subsea construction and commercial diving services provider ceased operations, filed for bankruptcy and began winding down its company [...]

  Seamar, the well known provider of subsea construction and fabrication services to the domestic and international oil and gas industry operating in the Gulf of Mexico and some Latin American markets, has announced that the company’s 2008 year-end total recordable incident rate, or TRIR, of 0.8. After posting a fourth quarter TRIR of 0.0, Seamar’s cumulative TRIR [...]

Advance notice of proposed rulemaking. CFR Part: “46 CFR Part 197″ RIN Number: “RIN 1625-AA21″ Citation: “74 FR 414″ Document Number: “USCG-1998-3786″ Federal Register Page Number: “414″

US oil production is forecast to increase in 2009, most of it from three Gulf of Mexico platforms: Atlantis, Thunder Horse, and Tahiti late in the year. These platforms will account for two-thirds of the total domestic increase, according to Energy Information Administration. Domestic production in 2009 is projected to increase by 320,000 b/d to an average of 5.25 [...]

A safety bulletin had been released to the public regarding the CaviDyne Model YC-2040 CaviBlaster, which is used to clean the marine growth from undwater surfaces. This safety bulletin can be found at: www.adc-int.org/documents/CaviBlasterAccidentAnalysis.pdf

  SYDNEY (Reuters) – Oil firms began restarting operations off western Australia on Wednesday after a cyclone passed through the region and forced the shutdown of production platforms accounting for nearly half of Australia’s oil output.

  Eidesvik Offshore, through its associate Eidesvik OCV KS, has taken delivery of the subsea construction vesselViking Poseidon. The vessel was built by Ulstein Verft and is a an Ulstein SX121 design with the innovative ULSTEIN X-BOW design. The vessel has an overall length of 130m, breadth of 25m and a large cargo deck area of 1,700m². Up to 105 persons can [...]