Pacific Maritime Magazine Online for November 18, 2016

PACIFIC MARITIME MAGAZINE ONLINE

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Major Arctic Oil Finds

By Chris Philips, Managing Editor

Two oil companies are claiming recent oil discoveries north of the Arctic Circle that could produce a combined 10 billion barrels of oil.

Earlier this year, Colorado-based Armstrong Energy announced a major oil discovery involving multiple pools in Alaska’s Colville River Delta, west of Prudhoe Bay. According to a report in Petroleum News the company claims almost 500 million barrels of proven contingent oil reserves, and probable contingent reserves of 1.4 billion barrels and possibly as many as 3.7 billion barrels.

Last month, Alaska’s Caelus Energy announced a find at Smith Bay, a few hundred miles west of Prudhoe Bay, which could yield from 6 to 10 billion barrels of …

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Friday, November 18, 2016

 

Have a news tip to share? Send an email to Mark Edward Nero

Story1Pasha Hawaii Ordering 2 LNG Containerships

Pasha Hawaii, a Honolulu-based subsidiary of global logistics and transportation company The Pasha Group said on Nov. 15 that it has narrowed its selection to two US shipyards for the construction of two new liquefied natural gas (LNG) fueled containerships….(Read full article)

Story2POLB Monthly Container Volumes Take a Dip

By Mark Edward Nero

October container volumes were down 6.2 percent at the Port of Long Beach compared to the same month last year, as the fallout from the Hanjin bankruptcy continues to settle…(Read full article)

Story3Agriculture is Driving a Port of Oakland Export Rally

By Mark Edward Nero

Growth in high-value agricultural shipments is driving a containerized export boom at the Port of Oakland, according to new data the port released this week… (Read full article)

Story4POLB Extends Comment Period for Deep Draft Study

By Mark Edward Nero

The Port of Long Beach has extended the comment period for a study to identify and evaluate improvements to existing navigation channels, enhancing safety, reliability and efficiency for visiting vessels… (Read full article)


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