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# Jackson Offshore Operators

We are a trusted full service offshore transportation company providing marine services in the Gulf. Our customers choose us because we demand only the best quality of services and strive to continually surpass expectations.

## Sitemaps

- [XML Sitemap](https://www.joollc.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [News](https://www.joollc.com/news/)
- [Projected Supply Deficits and the Role of Deepwater Development](https://www.joollc.com/projected-supply-deficits-and-the-role-of-deepwater-development/) - Oil prices continue to move within a tight range around $60/bbl for WTI. While this price level is more than sufficient for oil and gas operators with activity in the deepwater GOA to make a profit in the region, it limits additional investment to increase production. This is not a new trend, going back to
- [BP’s New Deepwater Projects Reinforce Long-Term Confidence](https://www.joollc.com/bps-new-deepwater-projects-reinforce-long-term-confidence/) - Oil prices have declined precipitously over the past year. Year-to-date, the cost per barrel of WTI oil has declined from roughly $80/bbl to roughly $59/bbl, a decrease of $21/bbl, or 26%. Despite this, however, the general trend among major oil producers is that capital expenditures have remained relatively strong. There continues to be a need
- [Speculative Orders Dominate OSV Headlines, But the Numbers Tell Another Story](https://www.joollc.com/speculative-orders-dominate-osv-headlines-but-the-numbers-tell-another-story/) - A prominent trade publication covering the offshore marine industry recently published an article highlighting the “large” order book of OSVs and noted that about 50% of the order book was ordered speculatively. The headline summed this up concisely but also came across as alarming. Given the limited number of new build OSVs announced in recent
- [Maximizing Value for Clients: Is Vessel Sharing The Future of OSV Support?](https://www.joollc.com/maximizing-value-for-clients-is-vessel-sharing-the-future-of-osv-support/) - As an industry and company, we are constantly challenged by our clients to drive efficiency and create long-term value. Over the past 20 years, vessels have become significantly more efficient, burning less fuel and offering improved reliability. Technologies such as FuelTrax have been developed to enhance fuel efficiency, while data analytics platforms like Opsealog help
- [BOEM Greenlights Gulf Lease Plan as Offshore Drilling Faces Pushback Nationwide](https://www.joollc.com/boem-greenlights-gulf-lease-plan-as-offshore-drilling-faces-pushback-nationwide/) - At the end of June, the U.S. Bureau of Ocean Energy Management (BOEM) announced a proposed notice for an oil and gas lease sale in the Gulf of America. This follows an April directive from U.S. Secretary of the Interior Doug Burgum. Currently, a 60-day comment period is underway for affected state and local governments.
- [Global Demand for Jones Act OSVs to Increase in Summer and Fall 2025](https://www.joollc.com/global-demand-for-jones-act-osvs-to-increase-in-summer-and-fall-2025/) - The market for US Jones Act (USJA) deepwater OSVs has continued to trend favorably for vessel owners. While the seasonal uptick in demand is occurring as expected, the number of deepwater OSVs departing the Gulf of America also continues to increase. These two phenomena are creating a very tight supply in the near term and
- [Older Deepwater OSVs Seek Charters Outside US GOA](https://www.joollc.com/older-deepwater-osvs-seek-charters-outside-us-goa/) - Back in March, I highlighted that nearly a dozen or so older OSVs had been sitting idle in Fourchon, but that this supply would be utilized in the spring and summer months. As we approach June, these older OSVs are starting to attract charter opportunities. However, and possibly more interesting, many are moving out of
- [Global Market Volatility Dives Uncertainty in Oil and Gas](https://www.joollc.com/global-market-volatility-dives-uncertainty-in-oil-and-gas/) - Five years ago this month, we were in the first six weeks of a COVID lockdown and the world was grinding to a shocking halt. Oil prices collapsed and briefly traded negative, plunging to nearly -$40 per barrel. This was an anomaly, and if you are interested on how this happened, please go back and
- [Spring and Summer OSV Activity Could Return Older Vessels to Service](https://www.joollc.com/spring-and-summer-osv-activity-could-return-older-vessels-to-service/) - While I was in Fourchon this past week, the level of activity suggested that the spring and summer months will be busy, as per usual. Though there was obvious vessel activity, the vessels being utilized continue to be the newer and younger boats while the older, lesser efficient, and less capable vessels were noticeably much
- [OSV Deepwater Charter Rate Dynamics Changing](https://www.joollc.com/osv-deepwater-charter-rate-dynamics-changing/) - The deepwater OSV market in the Gulf of America (GOA) has remained relatively tight mostly due to the general lack of available supply of vessels. Though the total fleet of Jones Act qualified deepwater OSVs is just over 100 boats, nearly one third are working outside of the GOA. Unless, and until a meaningful number
- [Brazilian Petrobras OSV RFQs Could Tighten US Fleet](https://www.joollc.com/brazilian-petrobras-osv-rfqs-could-tighten-us-fleet/) - In May, I discussed the OSV industry recovery taking place in the in both the USGOM and West Africa. These markets make up two-thirds of the Golden Triangle of offshore oil and gas activity with Brazil as the third corner. Brazil is now showing signs of sustained recovery and a long-term up cycle which further underscores
- [Petrobras Brazil Set to Build 12 New OSVs](https://www.joollc.com/petrobras-brazil-set-to-build-12-new-osvs/) - Petrobras recently concluded the contracting process of awarding vessel charters to renew the OSV fleet that supports its oil and gas activity in offshore Brazil. This was the first opportunity for owners to bid to construct new vessels for long-term charters in Brazil in over ten years. Ultimately, twelve contracts were awarded and split between
- [Executive Orders Look to Increase Offshore Activity](https://www.joollc.com/executive-orders-look-to-increase-offshore-activity/) - President Trump recently signed an executive order on energy policy entitled Unleashing American Energy. This order sets out to encourage energy exploration and production on Federal lands and waters including on the Outer Continental Shelf as well as ensure all regulatory requirements related to energy are grounded in clearly applicable law. As the President has
- [Seasonal Cycles Report Slowing in OSV Activity](https://www.joollc.com/seasonal-cycles-report-slowing-in-osv-activity/) - Anyone who has made a career in our industry knows the cyclical nature of offshore oil and gas activity. These cycles can be erratic, and momentum can change quickly. Some are even “mini-cycles” that typically occur within a longer-term cycle due to planned seasonal activities. The severity of seasonal cycles can be jarring, and though
- [Deepwater OSVs Look to Expand Life to 20+ Years](https://www.joollc.com/deepwater-osvs-look-to-expand-life-to-20-years/) - My thoughts on the deepwater OSV fleet renewal in the US Gulf of Mexico are evolving, if even in a nuanced way. This comes from several meetings and conversations following the recent International Workboat Show. I continue to believe that new vessels will be built against specific, long-term contractual requirements. However, both the number of
- [Energy Industry Plans to Transition to EVs Unlikely by 2030](https://www.joollc.com/energy-industry-plans-to-transition-to-evs-unlikely-by-2030/) - Unsurprisingly, the ongoing energy transition continues to face headwinds. Various governments have made bold proclamations regarding their objectives to slash greenhouse gas emissions over the next few decades. However, this has resulted in far fetched ideas, like fully eliminating internal combustion engine vehicles, some of which has been backed by oil and gas companies now
- [OSV Demand Jumps Compared to 2023](https://www.joollc.com/osv-demand-jumps-compared-to-2023/) - Over the last seven quarters, the floating deepwater rig count in the USGOM continues to remain static between 20 and 22 rigs. Yet, demand for deepwater OSVs is significantly higher than just one year ago. While a summer uptick is expected, this does not explain the rise in demand relative to this time last year.
- [Deepwater OSV Industry Looks Towards New Builds](https://www.joollc.com/deepwater-osv-industry-looks-towards-new-builds/) - In previous newsletters I have extensively covered the challenges our industry faces in renewing the deepwater OSV fleet and the particular challenges for the US Jones Act fleet. The costs of new construction along with challenges in securing financing and favorable contract terms present serious challenges to all vessel owners. In the near future, the
- [Renewable Energy Discussions Lead OSJ Conference](https://www.joollc.com/renewable-energy-discussions-lead-osj-conference/) - On June 11th and 12th, I attended the Offshore Support Journal Conference, Americas 2024. Attendees included major US offshore vessel owners, bankers, equipment manufacturers, regulatory bodies, statutory agencies, and other industries involved in the offshore marine space. While not surprising, there was a significant focus on offshore renewables which seems to continue the aversion to conventional
- [Deepwater OSV Fuel, Age Limit New Build Futures](https://www.joollc.com/deepwater-osv-fuel-age-limit-new-build-futures/) - Deepwater OSV charters, particularly those of Super Major oil companies, have long had a strong age limit preference (if not strict rule) to cap the age of vessels in their term-charter fleet. These limitations are now being reconsidered as charterers recognize that the current fleet is aging, yet there are no new vessels in construction
- [Older OSVs Activated. Create Oversupply in USGOM.](https://www.joollc.com/older-osvs-activated-create-oversupply-in-usgom/) - The deepwater OSV market in the US GOM is becoming a “tale of two groups” of vessel supply. The newer, more capable, and most efficient deepwater OSVs are in high demand with sustained long-term contracts. On the side of the market are the oldest, least capable, and least efficient OSVs that are chartered to fill
- [Focus on Renewable Energy Could Strain Global Oil and Gas Markets](https://www.joollc.com/focus-on-renewable-energy-could-strain-global-oil-and-gas-markets/) - I have and will continue to advocate for an “all of the above” approach to investing and developing global energy solutions. What is problematic, however, is the focus on renewable energy to the detriment of conventional oil and gas resources. The targets and timelines to achieve net zero carbon put forth by many of the
- [OSV Demand Will Not Increase Vessel Supply](https://www.joollc.com/osv-demand-will-not-increase-vessel-supply/) - It’s dangerous to assume that a current situation might be different than something similar in the past, but this just may be the case for the OSV industry in the US GOM. The reasons for this are becoming more clear as the level of US GOM offshore activity has remained relatively static over the past
- [Offshore Renewables Face Harsh Economic Realities](https://www.joollc.com/offshore-renewables-face-harsh-economic-realities/) - The harsh realities of offshore renewables, particularly in the USA, continue to prove problematic for those that have invested in that market. While an “all of the above” approach to solving our collective energy transition problem is appropriate, far too much optimism is being driven by government inducement. While both positive and negative, it is
- [Will Offshore Renewables Raise Futures for OSVs?](https://www.joollc.com/will-offshore-renewables-raise-futures-for-osvs/) - This time of year not only means the holidays are here but also the International Work Boat Show (WBS) that's held annually in New Orleans. Based on the size of the crowds, this year's conference was easily the most attended show post-COVID. This doesn't surprise me given the resurgence in the offshore oil and gas industry and
- [Is the current positivity in the OSV industry the real deal?](https://www.joollc.com/is-the-current-positivity-in-the-osv-industry-the-real-deal/) - To me, when there is overwhelming positive agreement on something, then it's time to take a step back and consider if that sentiment is deserving. For today's OSV industry, it certainly seems time to evaluate if the current positivity around the industry is warranted—something we haven't see since 2007 and 2008. In that timeframe, the upticks were being driven
- [A Look Back. Ten Years Since A Major Market Collapse.](https://www.joollc.com/a-look-back-ten-years-since-a-major-market-collapse/) - Ten years ago, in the fall of 2013, oil prices were almost exactly where they are today. The deepwater floating rig count in the US Gulf of Mexico was near all time highs. Demand for deepwater OSVs was far outstripping supply and charter rates were at record highs. There was still a lot of optimism
- [USGOM Floating Rig and OSV Markets Reflect Similarities](https://www.joollc.com/usgom-floating-rig-and-osv-markets-reflect-similarities/) - The deepwater mobile offshore drilling rig (floating rigs) market is not always the best proxy for the offshore supply vessel market, but the two are currently trending in similar manner. The floating rig market is corroborating the dynamics of the OSV market with valuations and charter rates moving up at a rapid pace. Also, same
- [Shale and Shell Strengthen USGOM Prospects](https://www.joollc.com/shale-and-shell-strengthen-usgom-prospects/) - I recently read two news articles focused on vastly different aspects of the oil and gas industry that seemed to be unrelated on the surface. The first was about declining shale oil production in the US and the second about Shell refocusing on investment in fossil fuels. However, when each is more closely considered, it becomes
- [OPEC+ Cuts Seek To Drive Global Demand](https://www.joollc.com/opec-cuts-seek-to-drive-global-demand/) - The uptrend in oil demand expected in the latter half of this year does seem to be coming to fruition. Even with the backdrop of a slowing global economy, the lifting of COVID restrictions in China was thought to drive oil demand significantly higher through this year. However, this has not been the case and China
- [Golden Triangle Trends Prove Sustained OSV Recovery](https://www.joollc.com/golden-triangle-trends-prove-sustained-osv-recovery/) - There has been some prevailing doubt about the sustained recovery in the US OSV market. At this point, I feel comfortable stating that the recovery is being sustained. What is taking place globally and in the US GOM looks similar to past recoveries that followed industry downturns. It's not identical, but what is playing out
- [USGOM Carbon Capture and Storage Signals Long-Term Oil and Gas Market](https://www.joollc.com/usgom-carbon-capture-and-storage-signals-long-term-oil-and-gas-market/) - In the quest to achieve net zero carbon emissions within their respective goal deadlines, energy companies are evaluating a myriad of solutions to reduce carbon emission and how to offset and/or dispose of those emissions. The idea of carbon capture and storage is not new, but it is likely going to become a more significant means
- [Is Hydrogen the Way of the Future for Deepwater Vessel Fuel?](https://www.joollc.com/is-hydrogen-the-way-of-the-future-for-deepwater-vessel-fuel/) - The offshore supply vessel industry faces significant challenges to meet the decarbonization goals of energy company clients. Vessel operators must find ways to reduce carbon emissions while also maintaining the efficiency and capacities of their vessels. Hydrogen has long been seen as a "fuel of the future" that could yield the emissions reductions needed to
- [Post-Pandemic Life Brings Boost to Oil Demand](https://www.joollc.com/post-pandemic-life-brings-boost-to-oil-demand/) - Global oil demand continues to recover following COVID and as China’s pandemic related restrictions are lifted. The International Energy Agency (IEA) is forecasting global oil demand to increase by 1.9 million barrels per day to 101.7 million barrels. Nearly half of this increase in demand will come from China as a result of the lifting of their COVID
- [Net-Zero Carbon Poises USGOM for Added Oil and Gas Production](https://www.joollc.com/net-zero-carbon-poises-usgom-for-added-oil-and-gas-production/) - As the world continues marching down the road towards net-zero carbon emissions, the US Gulf of Mexico continues to be a leading and growing oil and gas production basin. The cost of renewable energy development, low profit margins on renewable energy, and the cost of carbon emission offsets requires significant cash flow which must come from
- [Lack of New OSV Builds Boosts Support for Younger Fleets](https://www.joollc.com/lack-of-new-osv-builds-boosts-support-for-younger-fleets/) - Recently, I've covered the aging fleet of Jones Act qualified deepwater OSVs operating in the US Gulf of Mexico and the implications it will have on the overall OSV market as demand continues to rise. In recent conversations about future vessel demands has focused on possible new build vessels. Given the cost of new construction
- [New, Higher OSV Build Costs Benefit Existing Fleet](https://www.joollc.com/new-higher-osv-build-costs-benefit-existing-fleet/) - JOO has recently participated in an RFI requested asking for indicative charter rates for new deepwater OSVs for oil field service work based on vessel construction costs. Prior to receiving pricing from our selected yards, I expected to see costs to build a new OSV at around $60 million USD. I was quite wrong, with the
- [OSV Fleet Age Could Present Challenges in the US GOM](https://www.joollc.com/osv-fleet-age-could-present-challenges-in-the-us-gom/) - Though the major international offshore oil and gas markets do not have a direct bearing on the US GOM, I do follow activity in those markets closely. Recent broker reports that cover other major regions have highlighted the aging fleet of OSVs and the lack of new OSVs contracted to be built to replace older
- [Deepwater Rig Count Not Representative of USGOM Activity](https://www.joollc.com/deepwater-rig-count-not-representative-of-usgom-activity/) - The number of active drilling rigs continues to belie the overall activity in the deepwater US Gulf of Mexico. Historically, it has been deepwater floating rig activity that has driven vessel demand but the current deepwater rig count currently stands at 19. This is striking because the price of oil has remained sustained above $80
- [Biden Moratorium Overturned As Production Resumes on Federal Lands](https://www.joollc.com/biden-moratorium-overturned-as-production-resumes-on-federal-lands/) - Almost immediately after taking office in 2021, President Biden imposed a moratorium on federal oil and gas lease sales. Thirteen states in total, including Louisiana, Texas and all but one state along the Gulf Coast, filed suit. The suits claim substantial loss of revenues for local government funding, loss of jobs for those states’ workers, and
- [Oil Futures Drop Prices While USGOM Activity Continues](https://www.joollc.com/oil-futures-drop-prices-while-usgom-activity-continues/) - From the recent peak in oil from $122/bbl on approximately June 8th to the price of $94/bbl on July 22nd, oil is down 22%. This is a rather dramatic change given the amount and short period of time. I recently discussed the potential of a recession and the impact it may have on oil demand and oil
- [USGOM Oil Activity Continues. Will Oil Prices Drop In A Recession?](https://www.joollc.com/usgom-oil-activity-continues-will-oil-prices-drop-in-a-recession/) - The deepwater floating rig count in the US Gulf of Mexico (GOM) is now currently at 19 rigs. This is a small upward trend that I suspect will remain sustained, especially when the known additional deepwater rigs coming to the market actually arrive. Though the new count only represents a one rig increase this year, it is meaningful for the
- [Fleet Reactivations Not Likely To Solve OSV Market Needs](https://www.joollc.com/fleet-reactivations-not-likely-to-solve-osv-market-needs/) - As the OSV market continues to remain tight into foreseeable future, charterers of OSVs in our industry are scrambling to figure out how to meet their increasing vessel needs. Many industry observers point to a reactivation of the remaining stacked fleet as a means to bring additional supply to the market. When considering the only truly
- [Clean Energy Shutdowns Increase Global Prices, Improve Oil and Gas Industries](https://www.joollc.com/clean-energy-shutdowns-increase-global-prices-improve-oil-and-gas-industries/) - The nuclear power generation industry is rarely front and center in the global energy transition discussion. Most of the focus has been placed on the need to develop alternative energy sources such as wind and solar, with the objectives to reduce oil and gas consumption and achieve net zero carbon emissions. This is certainly a
- [Capitalizing on Increased Oil Prices: Now Is the Time](https://www.joollc.com/capitalizing-on-increased-oil-prices-now-is-the-time/) - I recently did an analysis of oil prices and the number of deepwater rigs in the US Gulf of Mexico going all the way back to 2014. I wasn't sure what the results might indicate but I had a general idea of what the averages were at the end of each respective year.In summary, here are the
- [Deepwater Recovery Continues Through Unexpected Activity](https://www.joollc.com/deepwater-recovery-continues-through-unexpected-activity/) - In early 2020, prior to the the COVID shutdowns in mid-March, the offshore oil and gas industry in the US GOM was showing strong signs of a sustained recovery. By the end of February 2020, there were 22 deep water rigs actively drilling, the most since 2017. After the pandemic shut the world down, offshore activity dropped dramatically
- [New Industries Provide Positive Outlook for OSV Market](https://www.joollc.com/new-industries-provide-positive-outlook-for-osv-market/) - While the offshore market is showing signs of a sustained recovery with OSV demand increasing dramatically over the last few months, there are other industries that will drive even more OSV demand. There has been much made of the need for existing OSVs to support offshore wind farm activities in the US. Though the desire is for
- [2021 Wrapped: Will Omicron Derail An Increase GOM Activity?](https://www.joollc.com/2021-wrapped-will-omicron-derail-an-increase-gom-activity/) - As 2021 draws to a close, there are many reasons to be both optimistic and cautious about our industry in 2022 and beyond. While there have been positive trends in market drivers for OSV demand, we are still faced with the threat of COVID and the impact it may have on oil and gas demand. Overall,
- [Lease Sales and Alternative Energy Fuels US GOM Commitments](https://www.joollc.com/lease-sales-and-alternative-energy-fuels-us-gom-commitments/) - Back in August, I touched on the growing sentiment among Super Major and Major energy companies that the US Gulf of Mexico will remain a critical offshore oil and gas basin for years to come. In that same month, during the annuals Offshore Technology Conference in Houston, Shell announced as part of its long-term energy
- [Jackson Offshore Operators Announces Acquisition of New PSV and Long-Term Contract](https://www.joollc.com/operators_announces_acquisition_new_psv_and-long-term-contract/) - NEW ORLEANS — Jackson Offshore Operators, LLC (JOO) is pleased to announce that it is growing its Platform Supply Vessel (PSV) fleet with the acquisition of the M/V STORM. Once it has completed regulatory requirements, the M/V STORM will commence a five-year contract with a Super Major in the U.S. Gulf of Mexico. Built in
- [Oil and Gas Markets See Renewed Signs of Recovery](https://www.joollc.com/oil-and-gas-markets-see-renewed-signs-of-recovery/) - As oil prices continue their steady march upward, there is yet to be a meaningful increase in floating rig activity in the US Gulf of Mexico. Some may see this as a negative sign for offshore activity, but I disagree. It was widely believed that once oil eclipsed the mid-$60 threshold for a sustained period,
- [M/V Storm on Charter with Shell](https://www.joollc.com/mv-storm-on-charter-with-shell/)
- [M/V Storm Acquired](https://www.joollc.com/mv-storm-acquired/)
- [A Look At Post-Ida Vessel Activity in the USGOM](https://www.joollc.com/a-look-at-post-ida-vessel-activity-in-the-usgom/) - Currently, offshore activity in the US Gulf of Mexico is still struggling to get back to pre-Hurricane Ida levels. It has now been almost a month since Ida made landfall directly over Port Fourchon where repairing the damaged infrastructure is proving to be a major hurdle. Luckily, the amount of offshore damaged is not as bad as
- [USGOM Positioned For Long-Term Production](https://www.joollc.com/usgom-long-term-production/) - Over the past few years, I've commented that the projected demise of oil and gas as fuels (as a result of renewables) was greatly exaggerated. The very aggressive goals to achieve net-zero carbon emissions within the next few decades has seemed unsustainable ever since those goals were first announced by major oil and energy companies.
- [New, Longer Deepwater Contracts Tighten US GOM Market](https://www.joollc.com/new-longer-deepwater-contracts-tighten-us-gom-market/) - Deepwater drilling activity in the US GOM is a topic I tend to cover frequently and, more often than not, it is the total number of active rigs that guides my industry position. The count is very much still a focus and currently remains steady with 14 active deepwater rigs in the GOM. However, another interesting
- [Moratorium Lifted: Will Congress reinstate restrictions?](https://www.joollc.com/moratorium-lifted-will-congress-reinstate-restrictions/) - Back in April, I discussed the Biden administration’s imposed moratorium on new federal leases in the Gulf of Mexico and the uncertainty that it would create. I've stated before that prior to this moratorium, I fully expected deepwater drilling activity to increase into the latter half of 2021 with a further increases into 2022 and 2023.
- [Will International Lockdowns Affect Recent Oil Market Growth?](https://www.joollc.com/can-international-lockdowns-affect-recent-oil-market-growth/) - Oil prices have continued to rally due to increasing demand and markets are forecasting for continued demand growth. These price increases have been driven almost entirely by progress by the U.S., Europe, and Britain in reopening their economies as the pandemic comes under control with mass vaccinations. West Texas Intermediate (WTI) crude prices have recently stabilized
- [Activity Amid Biden Led Moratorium](https://www.joollc.com/activity-amid-biden-led-moratorium/) - The Biden Administration’s temporary moratorium on new federal leases in the Gulf of Mexico has created some uncertainty about the future of drilling activity our region. It's impossible to know what will happen, but it's very hard to believe that the moratorium will persist up to the 2022 midterm elections. However, we can make some
- [Global COVID Volatility Slows Oil Recovery](https://www.joollc.com/global-covid-volatility-slows-oil-recovery/) - It is hard to believe that we are now a year removed from the declaration of COVID-19 as a global pandemic. Vaccinations are occurring at a global scale yet it is still not clear when life will return to "normal." Depending on where you live, you may be further down the road to normal life
- [Will Rising Activity in South America Impact the US GOM Market?](https://www.joollc.com/south-america-usgom-impacts/) - Previously, I expressed my optimism in a recovering deepwater Gulf of Mexico with anticipated increased rig activity likely in 2022. There are additional factors to consider (outside of the US GOM) that can also have positive impacts on the US GOM deepwater market over the next several quarters. The level of activity in Guyana and Suriname is continuing
- [Optimism Returns for Deepwater Industry](https://www.joollc.com/optimism-returns-for-deepwater-industry/) - One year ago today, I was very optimistic about the direction and momentum of the offshore oil and gas industry. The deepwater rig count had increased to 22 and there were fewer than four additional rigs expected to begin drilling before the year was out. Vessel day rates were trending up and by the end of
- [Notes From the Helm: Closing Out 2020](https://www.joollc.com/notes-from-the-helm-closing-out-2020/) - 2020 has been a year of years, and it will be interesting to see how history reflects upon this year. So much of what we have lost this year can be contributed to COVID-19, yet even though our world has changed in enormous ways, we still find ourselves holding winning hands. Our Four Winning Hands
- [What Net-Zero Carbon Might Really Mean](https://www.joollc.com/what-net-zero-carbon-might-really-mean/) - The oil and gas industry is evolving into the energy industry as renewable energy sources become more widely available across developed countries. However, as G. Allen Brooks points out in his December edition of “Musings from the Oil Patch,” the dependability of renewables is proving to be quite problematic. In Western Europe in particular, this time
- [BOEM Lease Sale Bodes Well For Deepwater Future](https://www.joollc.com/boem-lease-sale-bodes-well-for-deepwater-future/) - November 18th marked the end US Bureau of Ocean Energy Management’s (BOEM) lease sale no. 256. This was the first lease sale since March of this year and the results provide a positive long-term outlook for the offshore oil and gas industry in the US GOM. With broad participation, the results of the lease were significantly better that
- [Can Offshore Wind Investments Change the OSV Market?](https://www.joollc.com/can-offshore-wind-investments-change-the-osv-market/) - In my last blog post, I touched on the changing oil and gas landscape due to the growing focus on net zero carbon targets. This is driving a lot of focus to the offshore wind sector. Interestingly, this is also prompting many companies to turn not just their focus but actual investments into this market as
- [New Opportunities from Renewable Energy](https://www.joollc.com/new-opportunities-from-renewable-energy/) - There has been a lot of recent news in the oil market as companies look for initiatives to reshape their business model to become energy companies and not just oil and gas companies. The most notable of these is BP with its ambition of achieving net zero carbon emissions by 2050. Just in the last two weeks, they announced the
- [Can the USGOM sustain higher numbers of active rigs?](https://www.joollc.com/can-the-usgom-sustain-higher-numbers-of-active-rigs/) - I remain intently focused on the deepwater rig market, as even small changes in the already low deepwater rig count can have significant impacts on the OSV market. I am cautiously optimistic that we will likely not see the rig count drop below 13. Rigs have increased to 16 since last month, but forecasted analysis
- [Deepwater OSV Market Continues Downswing](https://www.joollc.com/deepwater-osv-market-continues-downswing/) - Since June, the deepwater OSV market in the US GOM has continued to soften. The count has fallen by another two rigs leaving the current, active deepwater rig count at 13. The number of deepwater OSVs that have been idled also increased by 7 during Q2. Given the outcome of Q2 and with seven deepwater vessels being stacked,
- [Industry Optimism Amid Current Decline](https://www.joollc.com/industry-optimism-amid-current-decline/) - Since mid-March, when COVID-19 was declared a pandemic and Saudi Arabia initiated an oil price war, the industry has been anticipating a precipitous short-term decline in deepwater activities. Though WTI has crept up into the high $30 range, even eclipsing $40 briefly, we are now seeing the effects of the plunge in oil prices on deepwater
- [Low Oil Futures Slow Clean Energy Development](https://www.joollc.com/low-oil-futures-slow-clean-energy-development/) - The recent collapse of oil to below zero was not driven by fundamentals in the supply and demand of oil. Rather, it was a function of oil traders and speculators having to sell their way out of a badly timed trade. The speculators that own oil delivery contracts have no intent of taking delivery of
- [M/V Fury and M/V Storm Sold](https://www.joollc.com/mv-fury-and-mv-storm-sold/)
- [M/V Blizzard on Charter with Shell](https://www.joollc.com/mv-blizzard-on-charter-with-shell/)
- [M/V Blizzard Acquired](https://www.joollc.com/mv-blizzard-acquired/)
- [M/V Squall on charter with BP](https://www.joollc.com/mv-squall-on-charter-with-bp/)
- [M/V Squall Delivered](https://www.joollc.com/mv-squall-delivered/)
- [Acquired 2 x 175’ DP1 FSV](https://www.joollc.com/acquired-2-x-175-dp1-fsv/)
- [Certification as Minority Business Entity](https://www.joollc.com/certification-as-minority-business-entity/)
- [Successful completion of OVID Inspection Audit](https://www.joollc.com/successful-completion-of-ovid-inspection-audit/)
- [M/V Fury commences 3 year term charter with Super Major](https://www.joollc.com/mv-fury-commences-3-year-term-charter-with-super-major/)
- [M/V Storm commences 3 year term charter with Super Major](https://www.joollc.com/mv-storm-commences-3-year-term-charter-with-super-major/)
- [Jackson Offshore Operators, LLC formed](https://www.joollc.com/jackson-offshore-operators-llc-formed/)
- [M/V Breeze On Charter with Chevron](https://www.joollc.com/mv-breeze-on-charter-with-chevron/)
- [M/V Breeze PSV Delivered](https://www.joollc.com/mv-breeze-psv-delivered/)
- [Equity raise and loan committed for second two GPA 675J PSV](https://www.joollc.com/equity-raise-and-loan-committed-for-second-two-gpa-675j-psv/)
- [Executed long-term PSV charter contracts with Super Major](https://www.joollc.com/executed-long-term-psv-charter-contracts-with-super-major-2/)
- [Equity raised and loan committed for first two GPA 675J PSV](https://www.joollc.com/equity-raised-and-loan-committed-for-first-two-gpa-675j-psv/)
- [Executed shipyard contract with BAE for 2 x GPA 675J PSV](https://www.joollc.com/executed-shipyard-contract-with-bae-for-2-x-gpa-675j-psv/)
- [Executed long-term PSV charter contracts with Super Major](https://www.joollc.com/executed-long-term-psv-charter-contracts-with-super-major/)
- [M/V Thunder Delivered](https://www.joollc.com/mv-thunder-delivered/)
- [M/V Thunder On Charter with Chevron](https://www.joollc.com/mv-thunder-on-charter-with-chevron/)
- [M/V Lightning Delivered](https://www.joollc.com/mv-lightning-delivered/)
- [M/V Lightning On Charter with BP](https://www.joollc.com/mv-lightning-on-charter-with-bp/)

## Pages

- [Home](https://www.joollc.com/) - Why Jackson Offshore Operators? We are a trusted full service offshore transportation company providing marine services in the Gulf. Our customers choose us because we demand only the best quality of services and strive to continually surpass expectations. Our CompanyOur Policy
- [Vessel Operations Manual & Code of Conduct](https://www.joollc.com/vom/)
- [Phantom Stock Buy Program](https://www.joollc.com/phantom-stock-buy-program/)
- [JOO Emergency Response Information](https://www.joollc.com/emergency/) - Emergency Response and Disaster Recovery Information All JOO vessels are currently operating as normal. HURRICANE IDA RECOVERY To The Entire Jackson Offshore Family, Like many of us living in the New Orleans and Houma areas, many of you have also suffered due to Hurricane Ida. We are assessing damage to the office
- [PRESS RELEASE: 1/15/2019](https://www.joollc.com/jackson-offshore-operators-announce-long-term-contract-extensions/) - Jackson Offshore Operators Announce Long-Term Contract Extensions NEW ORLEANS — Jackson Offshore Operators, LLC (JOO) is pleased to announce that it has successfully secured firm, non-cancellable, long-term contract extensions for at least two of its fleet of Deepwater Offshore Supply Vessels (OSV) including the LIGHTNING and SQUALL. This announcement follows a 2018 long-term contract extension
- [Our Fleet](https://www.joollc.com/our-fleet/)
- [Our Policy](https://www.joollc.com/our-policy/) - CORE FOCUS AREA Safety & the Environment Our safety and environmental policies reflect our company mission and visions. Jackson Offshore Operators holds the protection of people and the environment as a core value, and maintains a company culture that supports this goal. Protecting Our Teams Jackson Offshore Operators will not engage in work or any
- [Careers](https://www.joollc.com/careers/) - Please be sure to read our privacy policy before submitting all applications.
- [Leadership](https://www.joollc.com/leadership/)
- [Privacy Policy](https://www.joollc.com/privacy-policy/) - JACKSON OFFSHORE OPERATORS, LLC. (WE ARE AN EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER) APPLICANT'S STATEMENT: I understand that Jackson Offshore Operators, LLC is committed to providing equal opportunity in all employment practices, including but not limited to selection, hiring promotion, transfer, and compensation to all qualified applications and employees without regard to age, race, color, national origin,
- [Our Company](https://www.joollc.com/our-company/) - OUR VISION Get it right, every time. To our clients, getting it right every time means providing the highest quality and most professional service with health, safety and environmental protection foremost in our every action. Getting it right every time will allow us to attract the capital necessary to grow our business to meet the

## Employees

- [Matthew M. Rigdon](https://www.joollc.com/employee/matthew-m-rigdon/)
- [Mark Dawson](https://www.joollc.com/employee/mark-dawson/)
- [Karen Macera](https://www.joollc.com/employee/karen-macera/)
- [Lee Jackson](https://www.joollc.com/employee/lee-jackson/)
- [Mike Puckett](https://www.joollc.com/employee/16550/)

## Vessels

- [M/V Thunder](https://www.joollc.com/vessel/mv-thunder/)
- [M/V Blizzard](https://www.joollc.com/vessel/mv-blizzard/)
- [M/V Storm](https://www.joollc.com/vessel/mv-storm/)
- [M/V Lightning](https://www.joollc.com/vessel/mv-lightning/)
- [M/V Breeze](https://www.joollc.com/vessel/mv-breeze/)
- [M/V Squall](https://www.joollc.com/vessel/mv-squall/)

## Jobs

- [FSV - Captain](https://www.joollc.com/job/fsv-captain/)
- [OS](https://www.joollc.com/job/os/)
- [AB](https://www.joollc.com/job/ab/)
- [QMED](https://www.joollc.com/job/qmed/)
- [Mate - OSV](https://www.joollc.com/job/mate/)
- [Engineer - OSV](https://www.joollc.com/job/relief-engineer/)
- [Captain - OSV](https://www.joollc.com/job/relief-captain/)

## Categories

- [Uncategorized](https://www.joollc.com/category/uncategorized/)
- [History](https://www.joollc.com/category/history/)
- [Platform Supply Vessels](https://www.joollc.com/category/platform-supply-vessels/)