Harvey-Energy

Harvey Gulf International Marine announced that it has completed its financial restructuring and emerged from Chapter 11 Bankruptcy proceedings at July 2nd. This marks the completion of the Plan of Reorganization approved by the bankruptcy court, just 77 days following Harvey Gulf’s prepackaged filing. Under the reorganization, Harvey Gulf has shed approximately $1 Billion in debt and emerges with a dramatically de-leveraged balance sheet. Additionally, the Company has kept its commitments to its trade vendors, paying all unsecured claims in full. Harvey Gulf will combine its new financial strength with its long history of operational excellence as the industry leader in safety and environmental protection, which are best demonstrated by Harvey’s anticipated 5th consecutive year without a recordable incident on August 13th, as well as its 99.2% uptime record for vessels on long term contract over the past 10 years.

The first liquefied natural gas-powered vessel operating in the United States was built by Gulf Coast Shipyard Group in Gulfport. It now is in service for Shell Upstream America's deepwater operations in the Gulf of Mexico. The vessel Harvey Energy is capable of operating on LNG or diesel. Operator Harvey Gulf International Marine noted it is a product of complex engineering and sophisticated building at GCSG on Seaway Road. It is the first of six LNG vessels being built for Harvey Gulf at GCSG's Gulfport shipyard. When operating on LNG, the Harvey Energy meets the new Tier IV sulphur and nitrogen oxide emissions regulations, which is part of the North American Emission Control Area. The vessel is able to operate on LNG for seven days before refueling. It will refuel with LNG at Harvey Gulf's new LNG bunkering facility at Port Fourchon in Louisiana, which provides access to more than 600 oil and gas rigs and platforms within a 40-mile radius. The vessel is capable of carrying 253,000 gallons of fuel oil, 18,000 barrels of liquid mud, 1,600 barrels of methanol, 10,250 cubic feet of dry cement and 78,000 gallons of LNG fuel. "The vessel represents the highest form of meeting market, regulatory and environmental demand with solutions for each," said John Dane III, GCSG president. "We are honored to be part of this historic vessel, setting new building standards for our clients and working in partnership with pioneering companies like Harvey Gulf." Read more here: http://www.sunherald.com/2015/03/13/6121351_first-lng-powered-ship-in-the.html?rh=1#storylink=cpy

On March 5, 2015, Shell marked delivery of a special Offshore Supply Vessel for its deep water operations in the Gulf of Mexico. The vessel, chartered from specialist company Harvey Gulf International Marine, is the first of its kind in the region to run on both Liquefied Natural Gas (LNG) and diesel. Two more LNG-fuelled vessels are expected to follow. LNG fuel is a new alternative for vessel operators in the Gulf of Mexico responding to new sulphur and nitrogen oxide emissions regulations, as part of the North American Emission Control Area (ECA). The ‘Harvey Energy’ is 92 metres long and operates on three dual-fuel Wärtsilä engines. It will run on 99% LNG fuel and will be able to operate for around seven days before refuelling. It will load from Harvey Gulf’s new LNG bunkering facility at their terminal at Port Fourchon. Port Fourchon is Louisiana’s southernmost port, with more than 600 oil and gas drilling rigs and platforms located within a 40-mile radius. From there the ‘Harvey Energy’ will go to Shell’s platforms, such as the new Olympus production platform, bringing equipment and drilling fluids.