Pacific Maritime Magazine Online for November 15, 2016

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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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Tuesday, November 15, 2016

 

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

Story1POLA Records Best Cargo Month Ever for a West Coast Port

Cargo volumes at the Port of Los Angeles increased nearly 16 percent in October compared to the same period last year, marking the busiest month ever at a Western Hemisphere container port, according to data collected by the American Association of Port Authorities….(Read full article)

Story2BAE Systems Awarded $36 Million Ship Upgrade Contract

By Mark Edward Nero

BAE Systems has received a $36.7 million contract from the US Navy for the repair and maintenance of the amphibious transport dock ship USS New Orleans, which will be the first ship to be repaired in the company’s new drydock in San Diego…(Read full article)

Story3POLA, POLB to Hold Joint Clean Air Plan Meeting

By Mark Edward Nero

The governing boards of the Los Angeles and Long Beach seaports plan to hold a joint public meeting Nov. 17 to discuss proposals for updating their 10-year-old San Pedro Bay Ports Clean Air Action Plan (CAAP) document… (Read full article)

Story4Foss Vessels Receive Environmental Award

By Mark Edward Nero

Seventy-four Foss Maritime and subsidiary companies’ tugs and tank barges with a combined 843 years without an incident have been recognized by a major maritime organization for their environmental records… (Read full article)


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