USA: Hercules Offshore Sells Domestic Liftboats to All Coast

Mb50's "Liquid Mud" Rant

All Coast, LLC, a newly formed company for the marine services industry founded by John Powers and John Nesser III, has completed the acquisition of Hercules Offshore’s domestic liftboat assets.

This $57.5 million acquisition includes 29 actively marketed liftboats ranging from class 105 to class 229, 10 inactive liftboats and additional related assets.

All Coast is a limited liability company, newly formed for this transaction, with John Powers and John Nesser III leading as Managers and Co-CEOs.

Powers and Nesser, All Coast managers and co-chief executive officers, each have more than 40 years of experience in the oil and gas, engineering and maritime industries.

Throughout his career, Powers has owned and operated numerous energy and marine services companies including Power Offshore Services, LLC; Reeled Tubing, LLC; Seatrax, LLC; and Coastal Drilling Co.

Previously, Nesser served as the executive vice president and chief operating officer for McDermott International, where…

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LLOG Experiencing Tremendous Growth, CEO Says

Mb50's "Liquid Mud" Rant

LLOG Exploration today provided an update on the status of Deepwater drilling contracts, production at the Who Dat field, development activities at the Marmalard discovery, and its recent Powerball discovery.

On April 2, a three-year contract, with an option for an additional year at mutually-agreeable rates, between LLOG Bluewater Holdings, LLC (the joint venture partnership between LLOG and Blackstone) and Sevan Drilling was announced for the Sevan Louisiana ultra-deepwater drilling rig that is currently under construction in China. The rig will be capable of drilling in water depths up to 10,000 feet, and is scheduled for delivery in Q4 2013.

On April 16, LLOG Bluewater Holdings and Seadrill announced a three-year contract, with an option for a fourth year at mutually-agreeable rates, for the new-build, ultra-deepwater drillship West Neptune. The West Neptune is being built in South Korea and is scheduled for delivery in Q2 2014. The rig will…

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South Texas: Brooks County Battling Border Crime

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Mb50's "Liquid Mud" Rant

Brooks County, Texas is a less than five-hour drive from Houston, but the rural community of just over 7,200 people is facing an overwhelming amount of crime.

High-speed chases, smugglers and a rising body count has become a fact of life in a county made up largely of ranchers and farmers.

“We have a lot to contend with,” said Brooks County Chief Deputy Urbino Martinez. “It takes a toll.”

Houston’s connection to this rise in crime can be clearly seen in the 250 cars kept in the sheriff’s office’s impound lot.

“There’s criminal acts involving every vehicle that’s here,” said Martinez.

Martinez said 95 percent of the cars the county has seized this year as part of human, drug and weapons smuggling were originally stolen out of the Houston area.

“The connection between us and Houston, it’s almost like you would have to say ‘neighboring,’” said Martinez.

In addition to…

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National Oilwell Varco Gives $905,000 to UH’s Subsea Engineering Program

Mb50's "Liquid Mud" Rant

Laura Tolley
ljtolley@uh.edu

November 6, 2012-Houston

National Oilwell Varco (NOV) is giving $905,000 to the University of Houston’s subsea engineering program to further research initiatives and develop a computational laboratory.

NOV’s gift will be used to establish the National Oilwell Varco Computational Engineering Laboratory and to conduct contractual research for UH’s subsea engineering program and NOV.

The computational lab will be used to perform detailed computational calculations on complex subsea equipment that must operate under high-temperature and high-pressure oil and gas conditions that occur in ultra-deep subsea reserves.

The lab also will support the subsea engineering curriculum and students, enabling them to complete capstone design projects using the latest in computational subsea engineering tools.

Recently, UH received the state’s approval to offer the nation’s first subsea engineering graduate program, which will teach the scientific and technical skills necessary to create the first generation of formally trained subsea…

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