Marine Log - December 2008 - (Page 2) November 2008 Vol. 113 No. 11 John R. Snyder Publisher & Editor ISSN 08970491 MARINELOG USPS 576-910 PRESIDENT Arthur J. McGinnis, Jr. amcginnis@sbpub.com jsnyder@sbpub.com editorial PUBLISHER & EDITOR John R. Snyder SENIOR EDITORIAL CONSULTANT Nicholas Blenkey nblenkey@sbpub.com ASSISTANT EDITOR Shirley Del Valle sdelvalle@sbpub.com nkitchen@msn.com wbeber@comcast.net psexton@sbpub-chicago.com wwilliams@sbpub.com pdesiere@sbpub.com Do campaign promises and oil mix? CONTRIBUTING EDITOR Nigel Kitchen CONTRIBUTING EDITOR William B. Ebersold MARKETING DIRECTOR Peter Sexton CREATIVE DIRECTOR Wendy Williams ASSOCIATE ART DIRECTOR Phil Desiere D uring the campaign, ginal field developTOP TEN LIST President-elect Obama ments are more likely “THINGS THAT WE’LL BE promised that he’d to be impacted. SEEING MORE OF IN work towards energy indeBoosted by record oil 2009 (WHETHER WE LIKE IT OR NOT)” pendence to “build an econoprices, oil companies 1. Somali Pirates: my that is powered by clean had record profits this Where’s the yardarm? and secure energy.” Among year, led by ExxonMo2. Manning and shipthe new Administration’s bil’s $14.83 billion in yard labor issues: Do strategies is to invest $150 the third quarter of you think ex-Wall billion over the next 10 years 2008. ExxonMobil will Streeters might be interin alternative energy sources, spend $25 billion on its ested? as well as to implement a capCAPEX program for 3. Greenhouse Gases: and-trade program to reduce this year. Efforts to further reduce greenhouse gas emissions StatoilHydro said the a ship’s carbon footprint 80% by 2050. price of oil had not 4. Ship recycling: Adoption of globally acceptObama has left the door changed its plans for its able regulations open to increased offshore CAPEX program in 5. TWIC: The credential drilling as part of an overall 2009, which would be program that wouldn’t energy policy and there $11.4 billion, up from die appears to be no plans to $9.29 billion in 2008. 6. Magic pipes: We can reinstate the offshore StatoilHydro is a hope, but… drilling moratorium. major player in the 7. Hybrid tugs: Coming Of course, campaign Americas. It acquired to more harbors near you pledges often disappear in 15 new licenses in the 8. The E-Ship 1: Who the cold hard light of postGulf of Mexico, Alaska will put the finishing touches on the windelection reality. Still, a drawand Brazil in the first powered ship? back of the new Administranine months of 2008. 9. Acquisition: Of a tion’s emphasis on developing Internationally, Stamajor U.S. barge line alternative energies could be toilHydro expects to con10. Bankruptcy: For a to moderate oil companies’ tinue “a high level of publicly listed marine capital expenditures drilling activity.” transport company (CAPEX) in developing new The Norwegian oil and gas sources. Petroleum Directorate Highly respected consultagrees. NPD expects ant Douglas-Westwood Ltd. thinks the CAPEX to remain high in 2009, with global financial turmoil will have little more effort being made in oil recovery, or no impact on oil majors, which will applying improved well intervention fund their development plans through and subsea technologies. free cash flow. Douglas-Westwood points out that independents and marjsnyder@sbpub.com ART PRODUCTION MANAGER Todd Blanchard tblanchard@sbpub.com PRODUCTION DIRECTOR Mary Conyers-Brown NATIONAL SALES DIRECTOR Roland Espinosa mbrown@sbpub.com respinosa@sbpub.com INTERNATIONAL SALES MANAGER Donna Edwards dedwards@sbpub.com SALES MANAGER Jeff Sutley SALES REPRESENTATIVE -KOREA Young-Seoh Chinn CLASSIFIED SALES Diane Okon CONFERENCE DIRECTOR Jane Poterala CONFERENCE COORDINATOR Michelle M. Zolkos CONFERENCE ASSISTANT Latima Meynard jsutley@sbpub.com jesmedia@unitel.co.kr dokon@sbpub-chicago.com jpoterala@sbpub.com mzolkos@sbpub.com lmeynard@sbpub.com A SIMMONS-BOARDMAN PUBLICATION EDITORIAL AND BUSINESS OFFICES 345 Hudson Street New York, N.Y. 10014 TEL: (212) 620-7200 FAX: (212) 633-1165 website: www.marinelog.com e-mail: marinelog@sbpub.com CIRCULATION & SUBSCRIPTIONS: Call toll free (800) 895-4389, Monday-Friday 9 am—5 pm EST. 2 MARINE LOG DECEMBER 2008 www.marinelog.com http://www.marinelog.com http://www.marinelog.com http://www.marinelog.com/DOCS/register.html http://www.abb.com http://www.abb.com http://www.marinelog.com
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