Sino Gas & Energy Holdings Limited has drilled to Total Depth, completed the electronic logging of its TB09 well and confirms the presence of gas in 4 prospective zones.
Sino Gas is conducting its 2010 work program to gather the data for a reserves upgrade and to move towards commercializing it gas assets.
[Read more]
Source: Press release
Hutchison to Buy $337 Million of Husky Energy Shares in Private Placement
Li Ka-shing’s Hutchison Whampoa Ltd. will buy 14.1 million shares in Husky Energy Inc. for C$345.5 million ($337 million) under a private placement by the Canadian oil producer, also controlled by the Hong Kong billionaire.
Hutchison will acquire the shares at C$24.50 apiece through a wholly owned unit, the Hong Kong-listed company said in a statement to the city’s stock exchange. Husky fell 0.4 percent to close at C$24.47 in Toronto trading yesterday.
[Read more]
Source: Bloomberg
Hutchison will acquire the shares at C$24.50 apiece through a wholly owned unit, the Hong Kong-listed company said in a statement to the city’s stock exchange. Husky fell 0.4 percent to close at C$24.47 in Toronto trading yesterday.
[Read more]
Source: Bloomberg
Oceaneering Announces BHP Billiton Umbilical and Distribution Equipment Contract
Oceaneering International, Inc. announced that it has secured a contract with BHP Billiton Petroleum Pty Ltd, a subsidiary of BHP Billiton, Limited, to supply umbilicals and distribution equipment for development of the Macedon gas field off Western Australia.
Oceaneering's scope of supply is for an integrated umbilical system consisting of approximately 100 km (62 miles) of steel tube umbilicals and associated distribution equipment, including termination assemblies and flying leads. The umbilicals are scheduled to be manufactured at Oceaneering's plant in Rosyth, Scotland. The distribution hardware is planned to be made at Oceaneering's facilities in Houston, Texas and Rosyth. Product manufacturing is expected to commence in the second quarter of 2011.
BHP's Western Australia Macedon gas development consists of four wells in approximately 180 meters (590 feet) water depth.
Source: Press release
Oceaneering's scope of supply is for an integrated umbilical system consisting of approximately 100 km (62 miles) of steel tube umbilicals and associated distribution equipment, including termination assemblies and flying leads. The umbilicals are scheduled to be manufactured at Oceaneering's plant in Rosyth, Scotland. The distribution hardware is planned to be made at Oceaneering's facilities in Houston, Texas and Rosyth. Product manufacturing is expected to commence in the second quarter of 2011.
BHP's Western Australia Macedon gas development consists of four wells in approximately 180 meters (590 feet) water depth.
Source: Press release
ONGC to Invest in Biggest Oilfield to Stem Two Decades of Declining Output
Oil & Natural Gas Corp., India’s biggest energy explorer, plans to increase spending on redeveloping its largest oilfield to stem more than two decades of decline in output.
We reached a peak at Mumbai High in 1989,” Sudhir Vasudeva, ONGC’s director for offshore services, said in an interview at his office in New Delhi yesterday. “We won’t reach that level again, but we’re trying to get as much as we can.”
[Read more]
Source: Bloomberg
We reached a peak at Mumbai High in 1989,” Sudhir Vasudeva, ONGC’s director for offshore services, said in an interview at his office in New Delhi yesterday. “We won’t reach that level again, but we’re trying to get as much as we can.”
[Read more]
Source: Bloomberg
BP Suspends Construction of Liberty Rig in Alaska to Study Safety Systems
BP Plc, the largest producer of oil and natural gas in the U.S., suspended construction of a drilling rig at its Liberty project in Alaska to “take time to evaluate the safety systems” on the rig, Steve Rinehart, a company spokesman, said in a telephone interview.
BP’s Liberty project, estimated to cost more than $1 billion, is designed to tap a field in the Beaufort Sea estimated at more than 100 million barrels, according to the project website.
Production was expected to begin in 2011 and has now been delayed, Rinehart said. “We don’t have a new schedule,” he said.
[Read more]
Source: Bloomberg
BP’s Liberty project, estimated to cost more than $1 billion, is designed to tap a field in the Beaufort Sea estimated at more than 100 million barrels, according to the project website.
Production was expected to begin in 2011 and has now been delayed, Rinehart said. “We don’t have a new schedule,” he said.
[Read more]
Source: Bloomberg
Salazar, Interior host conference on hydraulic fracturing
U. S. Secretary of the Interior Ken Salazar was joined today by representatives of the oil and gas industry, government agencies and environmental groups in a intended to examine best practices in hydraulic fracturing. The Secretary convened the forum with the knowledge that some 13 percent of domestically-produced natural gas comes from leases on federal lands; primarily in the states of Colorado, Montana, Utah and Wyoming.
[Read more]
Source: Examiner
[Read more]
Source: Examiner
Shell files for carbon capture in Alberta oil sands
Royal Dutch Shell Plc has applied for a C$1.35 billion ($1.31 billion) carbon capture project to cut emissions from the company's Alberta oil sands processing operation with the aid of government funding, it said on Tuesday.
[Read more]
Source: Reuters
Carrizo updates Eagle Ford, Niobrara activity
Carrizo Oil & Gas Inc., Houston, said its first two Eagle Ford shale wells drilled from a common surface location in central La Salle County, Tex., appear to have stabilized at a combined 1,125 b/d of oil and 2 MMcfd of 1,367-btu/Mcf of gas.
Mumme Ranch 10H has 15 frac stages in a 5,493-ft lateral, and Mumme Ranch 12H has 19 fracs in a 5,455-ft leg. Initial production rates were 1,011 b/d at Mumme 10H and 1,220 b/d at Mumme 12H. Carrizo is flaring the gas pending connection to a gathering system.
[Read more]
Source: Oil & Gas Journal
Mumme Ranch 10H has 15 frac stages in a 5,493-ft lateral, and Mumme Ranch 12H has 19 fracs in a 5,455-ft leg. Initial production rates were 1,011 b/d at Mumme 10H and 1,220 b/d at Mumme 12H. Carrizo is flaring the gas pending connection to a gathering system.
[Read more]
Source: Oil & Gas Journal
ABS and CCS sign new cooperation agreement
Houston: ABS and the China Classification Society (CCS) strengthened their collaborative efforts by entering into a new Cooperation Agreement on 24 November in Washington, DC. While the agreement is comprehensive, the offshore industry will be a priority area of focus for the two leading classification societies.
[Read More]
Source: Seatrade Asia
[Read More]
Source: Seatrade Asia
SK Shipping orders VLGC
Seoul: Korea's SK Shipping has signed a contract with compatriot shipbuilder Hyundai Heavy Industries (HHI) at Hyundai Hotel in Geyongju on November 25 to build a VLGC of 82,000 cbm class.
[Read More]
Source: Seatrade Asia
[Read More]
Source: Seatrade Asia
FMC Technologies and Petrobras Sign Memorandum of Understanding
FMC Technologies, Inc. announced today that it has signed a memorandum of understanding with Petrobras to develop future subsea technology solutions for its oil and gas projects offshore Brazil.
The agreement includes the development of innovative and cost effective subsea production systems to address the challenges associated with Petrobras' pre-salt oil and gas fields. It also includes the design of subsea processing technologies that can increase recovery rates at Petrobras' maturing oil and gas fields. Both companies anticipate a portfolio of subsea solutions will result from this announcement.
"Today's agreement enhances our strong presence in Brazil and will play an important role in the development of systems that can effectively produce hydrocarbons in Brazil's deepwater and pre-salt environments," said John Gremp, FMC's President and Chief Operating Officer. "We are proud to have supported Petrobras' many subsea processing achievements and are confident this agreement, as well as our Technology Center in Rio de Janeiro, will further strengthen our collaborative efforts."
FMC Technologies' presence in Brazil began in 1956 and currently includes two manufacturing facilities in Rio de Janeiro and one service base in Macae. Construction of the Technology Center, announced in July of 2010, is expected to be completed in the first half of 2011.
Source: Press release
The agreement includes the development of innovative and cost effective subsea production systems to address the challenges associated with Petrobras' pre-salt oil and gas fields. It also includes the design of subsea processing technologies that can increase recovery rates at Petrobras' maturing oil and gas fields. Both companies anticipate a portfolio of subsea solutions will result from this announcement.
"Today's agreement enhances our strong presence in Brazil and will play an important role in the development of systems that can effectively produce hydrocarbons in Brazil's deepwater and pre-salt environments," said John Gremp, FMC's President and Chief Operating Officer. "We are proud to have supported Petrobras' many subsea processing achievements and are confident this agreement, as well as our Technology Center in Rio de Janeiro, will further strengthen our collaborative efforts."
FMC Technologies' presence in Brazil began in 1956 and currently includes two manufacturing facilities in Rio de Janeiro and one service base in Macae. Construction of the Technology Center, announced in July of 2010, is expected to be completed in the first half of 2011.
Source: Press release
2011 Shipbuilding: 'Cloudy'
The prospects of shipbuilding industry in Korea for 2011 is being described as 'Partly Cloudy Sky' as new ship orders are expected to maintain this year's volume next year while small- and medium-sized shipyards face accelerating restructuring.
[Read More]
Source: Asiasis
[Read More]
Source: Asiasis
China slows down in new orders
China's total of the new orders taken during January-October 2010 was recorded at 54.62m DWT, which was a 2.9 times increase year-on-year, the China Association of National Shipbuilding Industry (CANSI) revealed in the report of 'the national shipbuilding industry economic operating situation for January-October 2010'.
[Read More]
Source: Asiasis
[Read More]
Source: Asiasis
NY Assembly Approves Hydraulic Fracturing Moratorium
The New York state legislature refused to consider most major agenda items in Monday’s session, but they still gave their final approval to a bill that places a six-month ban on hydraulic fracturing while state and federal agencies review the practice.
The measure, which was approved by the state senate in August, was adopted by the assembly in a 93-43 vote. To become law, it must be signed by Gov. David Patterson before the end of the year.
[Read more]
Source: Propublica
The measure, which was approved by the state senate in August, was adopted by the assembly in a 93-43 vote. To become law, it must be signed by Gov. David Patterson before the end of the year.
[Read more]
Source: Propublica
Guangzhou Shipyard to sell 8 tankers to China Shipping Dev't
Guangzhou Shipyard International Co Ltd, a subsidiary of China State Shipbuilding Corp, yesterday announced that it has agreed to sell eight crude oil tankers for RMB 1.9 billion in total to China Shipping Development Co Ltd, the largest carrier of crude oil in mainland China, sources reported.
[Read More]
Source: China Knowledge
[Read More]
Source: China Knowledge
Canada's Orca to drill new gas well in Tanzania
Toronto-listed Orca Exploration says it plans to drill a new well in 2011 to boost natural gas production at the Songo Songo field in Tanzania amid growing local energy demand.
The company's third quarter 2010 report, seen by Reuters on Tuesday, said there was an urgent need to expand the infrastructure that processes and transports natural gas from Songo Songo island to Tanzania's port city, Dar es Salaam.
[Read more]
Source: Reuters
The company's third quarter 2010 report, seen by Reuters on Tuesday, said there was an urgent need to expand the infrastructure that processes and transports natural gas from Songo Songo island to Tanzania's port city, Dar es Salaam.
[Read more]
Source: Reuters
Mexico Supreme Court to hear Pemex law challenge
Mexico's Supreme Court on Tuesday will hear a challenge to regulations that would allow the state oil monopoly Pemex to sign contracts with private companies, as some lawmakers try to block a bid to open up the sector.
"They are discussing it, it's in today's order," a court spokeswoman told Reuters on Tuesday.
[Read more]
Source: Reuters
"They are discussing it, it's in today's order," a court spokeswoman told Reuters on Tuesday.
[Read more]
Source: Reuters
BP, Alabama condo developer reach $37M pact
BP PLC will pay an Alabama coastal developer $37.2 million under a deal made public Tuesday to settle claims that the Gulf of Mexico oil spill damaged a major beachfront condominium project, but condo buyers and lenders still must agree not to sue the petroleum company.
[Read more]
Source: Bloomberg
[Read more]
Source: Bloomberg
Nigeria summons Shell, Halliburton over graft cases
Nigerian anti-corruption authorities have summoned top officials from Shell and Halliburton as part of separate investigations into alleged bribery, a spokesman said on Tuesday.
"The (local) managing director of Shell and that of Halliburton are to appear in our Lagos office today for questioning over bribery cases," said Femi Babafemi, spokesman for Nigeria's anti-graft agency.
"Apart from these two chief executives, there are 21 other people, both expatriates and Nigerians, that are to appear in Abuja today for questioning over the scandals."
[Read more]
Source: AFP
"The (local) managing director of Shell and that of Halliburton are to appear in our Lagos office today for questioning over bribery cases," said Femi Babafemi, spokesman for Nigeria's anti-graft agency.
"Apart from these two chief executives, there are 21 other people, both expatriates and Nigerians, that are to appear in Abuja today for questioning over the scandals."
[Read more]
Source: AFP
Russian govt approves additional expenses for Sakhalin-1 project for 2010 - energy ministry
The Russian government has approved additional budget expenses for the Sakhalin-1 oil and gas project for 2010, the Energy Ministry said on Monday, without mentioning the size of the new budget.
The government has also approved an amended program of work and spending for infrastructure development which will be used as the basis for further annual spending plans.
[Read more]
Source: RIA Novosti
The government has also approved an amended program of work and spending for infrastructure development which will be used as the basis for further annual spending plans.
[Read more]
Source: RIA Novosti
Azerbaijan to build new pipeline for Shah Deniz II by 2017
The BP-led group in Azerbaijan plans to build a new gas pipeline boosting the country's gas export capacity to 24 billion cubic meters (bcm) from 8 bcm per year by 2017, it said on Tuesday.
"We plan to build a new gas pipeline with a capacity of 16 billion cubic meters per year in addition to the current 8.0 billion cubic meters," BP-Azerbaijan President Rashid Jevanshir told a news conference. "This is necessary for gas export under full-scale production at Shah Deniz," he said.
[Read more]
Source: Reuters
"We plan to build a new gas pipeline with a capacity of 16 billion cubic meters per year in addition to the current 8.0 billion cubic meters," BP-Azerbaijan President Rashid Jevanshir told a news conference. "This is necessary for gas export under full-scale production at Shah Deniz," he said.
[Read more]
Source: Reuters
Russia's Gazprom ready to negotiate lower prices for European clients
The world's largest gas export monopoly, Russia's Gazprom, said on Monday it was ready to cut prices on its long-term contracts to Europe as the volume of paid for but undelivered gas mounted, Gazprom said on Monday.
Gazprom, which supplies Europe with a quarter of its energy needs, has come under fire from customers who started buying gas on the spot market where prices are lower than on long-term contracts preferred by Gazprom. Gazprom had to relent as the international financial crisis cut demand.
[Readm more]
Source: RIA Novosti
Gazprom, which supplies Europe with a quarter of its energy needs, has come under fire from customers who started buying gas on the spot market where prices are lower than on long-term contracts preferred by Gazprom. Gazprom had to relent as the international financial crisis cut demand.
[Readm more]
Source: RIA Novosti
Gazprom and Shell to develop energy projects together
A new "special relationship" between Royal Dutch Shell and Russian state gas giant Gazprom will see the two companies develop more energy projects together.
Four years after Russia forced Shell to cede control of its $22bn (£14bn) Siberian field, Sakhalin-2, to Gazprom, it appears that cordial relations have been re-established.
[Read more]
Source: The Telegraph
Four years after Russia forced Shell to cede control of its $22bn (£14bn) Siberian field, Sakhalin-2, to Gazprom, it appears that cordial relations have been re-established.
[Read more]
Source: The Telegraph
Bulgaria before Brussels: Nabucco Guarantee Outside the State Budget
Bulgaria's Prime Minister, Boyko Borissov asked the European institutions that the figures of the bank guarantee that Bulgaria would provide for the construction of Nabucco gas pipeline would not be included in the calculations of Bulgaria's budget deficit. "If we now provide a guarantee of 2 billion euro, the budget deficit will immediately exceed 3 billion," Borissov explained at the inauguration of the Energy without Borders forum. He also said he believed the implementation of the project could be attempted at more accelerated rates.
[Read more]
Source: StandartNews
[Read more]
Source: StandartNews
Dolphin finishes Fujairah pipeline
Abu Dhabi: After three years planning, construction and charting a pipeline route through some of the most arduous desert and mountain terrain, Dolphin Energy announced Tuesday that it has finished building the Taweelah-Fujairah Pipeline
[Read more]
Source: Gulf News
[Read more]
Source: Gulf News
Sudan crude oil output to rise to 500,000 bpd
Sudan will add 30,000 barrels per day of crude with a new oilfield in the north, hiking its total production to 500,000 bpd, an official said on Tuesday.
Sudan's economy is heavily dependent on crude and the south -- where most of the oil is located -- is hurtling towards independence in a January 9 referendum on secession as part of a 2005 peace deal ending Africa's longest north-south civil war.
[Read more]
Source: Reuters
Sudan's economy is heavily dependent on crude and the south -- where most of the oil is located -- is hurtling towards independence in a January 9 referendum on secession as part of a 2005 peace deal ending Africa's longest north-south civil war.
[Read more]
Source: Reuters
Petronas Q2 net profit down on higher taxation
KUALA LUMPUR: Petroliam Nasional Bhd's (Petronas) net profit fell marginally to RM11.88bil in the second quarter ended Sept 30 from RM11.97bil a year ago due to higher taxation but the group is optimistic of its outlook.
President and chief executive officer Datuk Shamsul Azhar Abbas said Petronas hoped to achieve a pre-tax profit of about RM80bil for the full financial year ending March 31, 2011 (FY11).
[Read more]
Source: The Star
President and chief executive officer Datuk Shamsul Azhar Abbas said Petronas hoped to achieve a pre-tax profit of about RM80bil for the full financial year ending March 31, 2011 (FY11).
[Read more]
Source: The Star
DryShips Announces Signing of Drilling Contract
November 29, 2010-DryShips Inc., a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that its fully-owned subsidiary Ocean Rig UDW Inc has signed definitive documentation following the previously announced Letter of Award. The contract signed with Borders & Southern Petroleum plc is for a two well contract for exploration drilling offshore the Falkland Islands for a period of about 90 days, commencing in the fourth quarter of 2011, immediately after the completion of the current contract. The contract value is approximately USD 77 million. There are three further optional wells that could extend the contract by 135 days.
Source: Press release
Source: Press release
SeaDrill Q3 Profit Rises, Acquires Jack-up Drilling Rig Petrojack IV
Offshore deepwater drilling contractor SeaDrill Ltd. Tuesday reported higher third-quarter profit, helped by strong contract revenues and the acquisition of Scorpion Offshore Limited. However, revenues missed market estimates. Separately, the company announced the acquisition of the jack-up drilling rig Petrojack IV for about US$180 million.
[Read more]
Source: RTT News
[Read more]
Source: RTT News
Total gets new deal in North Sea
Total expects to produce around 40,000 barrels of oil equivalent per day by 2013 from the second phase of operations at a North Sea field, the company said.
French energy company Total announced it received approval from the British Department of Energy and Climate Change for phase 2 development of the West Franklin field in the British waters of the North Sea.
[Read more]
Source: UPI
French energy company Total announced it received approval from the British Department of Energy and Climate Change for phase 2 development of the West Franklin field in the British waters of the North Sea.
[Read more]
Source: UPI
Faroe Petroleum Secures Rig for Clapton prospect Off Norway
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, is pleased to announce that it has signed a rig contract securing the Maersk Guardian jack-up rig (photo) to drill the Clapton prospect in late 2011 or early 2012.
[Read more]
Source: Offshore Energy Today
[Read more]
Source: Offshore Energy Today
New Perry Ellis and Original Penguin Company Stores
Perry Ellis Company Store is slated to open at The Block at Orange in early December. It will offer men its signature contemporary designs, including casual and dress shirts, polos, tees, sweaters, jeans, pants, shorts, suits and colognes. It will also offer women's fashion. The nearly 2,800-square-foot store will replace Rollin Style, which relocated at The Block.
Original Penguin Company Store is also slated to open during early December at The Block. It will offer men clothing and accessories, including polos, knits, tees, jackets and hoodies, sweaters, shirts, jeans, pants, shorts and footwear. It will also sell clothing for women and children. The nearly 2,600-square-foot store will replace Bag n' Style, which relocated at The Block.
SOURCE: The Orange County Register
Original Penguin Company Store is also slated to open during early December at The Block. It will offer men clothing and accessories, including polos, knits, tees, jackets and hoodies, sweaters, shirts, jeans, pants, shorts and footwear. It will also sell clothing for women and children. The nearly 2,600-square-foot store will replace Bag n' Style, which relocated at The Block.
SOURCE: The Orange County Register
LiLo buys diamonds at Desert Hills Premium Outlets
On the day after Thanksgiving, Lindsay Lohan headed to the Desert Hills Premium Outlets near her sober living facility in search of some diamonds.
The actress tried on several icy bracelets and rings, before settling on a large diamond ring which she wore out of the store on her middle finger.
SOURCE: PEREZHILTON.COM
The actress tried on several icy bracelets and rings, before settling on a large diamond ring which she wore out of the store on her middle finger.
SOURCE: PEREZHILTON.COM
Eidesvik declares PSV option
Earlier this year Eidesvik Offshore signed a contract with Kleven Maritime for the delivery of a PSV (Platform Supply Vessel), with an option of a further unit. The option has now been declared.
[Read More]
Source: Shipgaz
[Read More]
Source: Shipgaz
Scan Brasil to be auctioned
Advertisements placed in the specialist shipping media indicate that Scanscot Shipping's Scan Brasil which is currently under arrest in Durban Harbour will be sold by means of a judicial public auction.
[Read More]
Source: Heavy Lift
[Read More]
Source: Heavy Lift
Wind Turbines Cross Mediterranean
Heavy-lift forwarder ALS’ Netherlands-based Project Office recently fully chartered a multi-purpose vessel to move 21 wind turbines from the port of Sfax in Tunisia to the south Croatian port of Sibenik.
[Read More]
Source: Break Bulk
[Read More]
Source: Break Bulk
Baltic Index Drops a Third Session as Fleet Growth Lowers Rates
The Baltic Dry Index, a measure of commodity-shipping costs, fell for a third consecutive session as fleet expansion pulled down rates to hire bigger iron-ore carriers, even as steel prices rise.
[Read More]
Source: Bloomberg
[Read More]
Source: Bloomberg
Tanker vessels take center stage
The tanker freight market has suffered from oversupply issues during the past few months, thus offsetting the factor of improved oil demand compared to the previous year. Among the leaders in tanker investments have been Chinese ship owners, as the Asian powerhouse continues to invest in vessels, in a strategic attempt to reaffirm its status as a major ship owning and maritime nation, which in turn can yield significant results in terms of lowering or at least having a word in sea transportation costs.
[Read More]
Source: Hellenic Shipping News
[Read More]
Source: Hellenic Shipping News
Drydocks World begins construction of leading-edge US$110 million Compact Semi-Submersible Vessel
Drydocks World recently held a keel laying ceremony for a state-of-the-art Compact Semi-Submersible (CSS) vessel. 'The Derwent' is being built for integrated energy services provider Hallin Marine Subsea International Ltd, a Superior Energy Services company, at Drydocks World's Nanindah shipyard at Batam in Indonesia. The contract for the distinctive project is valued at US$110 million.
[Read More]
Source: Press Release
[Read More]
Source: Press Release
Netherlands. Owners consider condition of ships hatch covers
There is a growing move by ship owners and managers to effect essential and non-essential repairs to their hatch covers as they start to react to changing market conditions, a leading industry player has claimed.
[Read More]
Source: BYM Marine & Maritime News
[Read More]
Source: BYM Marine & Maritime News
New Red Sea And Mediterranean Container Shipping Service Launched
OMAN – It is a little over seven years since the Government of the Sultanate joined with Oman Oil to form a company with the avowed intent to ‘revive the historical Omani seafaring tradition through modern shipping and chartering’ and to facilitate more import and export cargo for the country; now the Oman Shipping Company (OSC) has announced details of its first containerised service to trade with Red Sea and Mediterranean ports, with the first freight moving from the 26th December.
[Read More]
Source: Handy Shipping Guide
[Read More]
Source: Handy Shipping Guide
Vietnam builds four more large capacity ships
The Bach Dang Shipbuilding Corporation began construction of four new 22,500 DWT ships on November 29 with the engines being assembled by the corporation itself for the first time.
[Read More]
Source: VOV News
[Read More]
Source: VOV News
One ship sinks in collision off Bulgarian coast, no oil spills
Two ships collided at sea near Cape Emine. Photo by BGNES Two ships have collided in the Black Sea some 20 km south of Bulgaria's Emine Cape, with one of them sinking, and 6 sailors gone missing.
[Read More]
Source: emg.rs
[Read More]
Source: emg.rs
Malaysian ship hijacked
NAIROBI (Kenya): Somali pirates have hijacked a Malaysian-flagged ship with 23 crew members on board in the Indian Ocean the European Union’s anti-piracy task force said.
[Read More]
Source: The Star
[Read More]
Source: The Star
Drunk man drops anchor of moving cruise ship MS Ryndam
A MAN has been charged after allegedly dropping anchor on a moving cruise ship while he was drunk.
[Read More]
Source: The Australian
[Read More]
Source: The Australian
Lay System for Mcdermott International
A 300-tonne cable and pipe lay system will shortly be delivered to McDermott International Inc. The SURF (subsea umbilical riser and flowline) installation market is expanding and pushing into ever-deeper waters. At the same time IHC Engineering Business (IHC EB) has seen a dramatic expansion of its range of pipe and cable lay systems, with a number of large scale projects delivered, or ongoing.
[Read more]
Source: Hydro-International
[Read more]
Source: Hydro-International
Tap Oil Announces Zola-1 Rig On Location
Tap Oil Limited is pleased to advise that the Operator of WA-290-P, Apache Northwest Pty Ltd has advised that the Stena Clyde semi-submersible drilling rig is currently running anchors at the Zola-1 drilling location and the well is expected to spud in the next 24 hours.
Once commenced, drilling of Zola-1 is planned to take approximately 40-50 days to reach to a final total depth of around 5,000 metres.
Tap’s Managing Director and CEO, Peter Stickland said that Tap is looking forward to commencing the high-impact Zola-1 well.
"Zola is a very large, moderate risk prospect and if successful could deliver a resource several times larger than Tap Oil's current 2P reserves,” Mr Stickland said.
Source: Press release
Once commenced, drilling of Zola-1 is planned to take approximately 40-50 days to reach to a final total depth of around 5,000 metres.
Tap’s Managing Director and CEO, Peter Stickland said that Tap is looking forward to commencing the high-impact Zola-1 well.
"Zola is a very large, moderate risk prospect and if successful could deliver a resource several times larger than Tap Oil's current 2P reserves,” Mr Stickland said.
Source: Press release
Statoil taps Bergen Group to increase production at Kvitebjorn in the North Sea
Statoil has awarded Bergen Group Rosenberg a contract for building and installing a compressor module on the Kvitebjørn platform in the North Sea.
This will contribute to improving the recovery rate and accelerating production at the Kvitebjørn field by allowing for production with reduced wellhead pressure.
The engineering, procurement, construction, installation and commissioning (EPCIC) contract also includes an option for tie-in of a condensate pipeline to the future Valemon platform.
“The pre-compression project strengthens the Kvitebjørn field as an important producer of gas and a hub for further transport from the field,” says Jannicke Nilsson, senior vice president for operations North Sea in Exploration & Production Norway.
“The compression module will also enable us to produce gas and condensate even faster and thus help to maintain Statoil’s current production level.”
In addition to the process equipment the module consists of a gas-turbine-driven compressor which compresses the gas before it is piped to Kollsnes.
The Kvitebjørn pre-compression project will increase production of gas and condensate from the Kvitebjørn field by approximately 35 million standard cubic metres (mscm) of oil equivalent and thus increase the recovery rate from 55% to 70%.
Without this pressure increase the production from the field would have to be closed down at a much higher wellhead pressure and production would decrease from 2013 with today’s known resources.
The estimated value of the contract is US $161 million to $242 million (NOK 1-1.5 billion).
“Large modification projects like low pressure production is something we will see more of in the years to come,” says Vidar Birkeland, acting chief procurement officer at Statoil.
"This is an important contribution to improved recovery and life time extension at the Kvitebjørn field, and for the total value creation from oil and gas activities on the Norwegian continental shelf.”
The production of the compressor has already started. The offshore installation will take place from 2012 until completion in early 2014.
Source: Press release
This will contribute to improving the recovery rate and accelerating production at the Kvitebjørn field by allowing for production with reduced wellhead pressure.
The engineering, procurement, construction, installation and commissioning (EPCIC) contract also includes an option for tie-in of a condensate pipeline to the future Valemon platform.
“The pre-compression project strengthens the Kvitebjørn field as an important producer of gas and a hub for further transport from the field,” says Jannicke Nilsson, senior vice president for operations North Sea in Exploration & Production Norway.
“The compression module will also enable us to produce gas and condensate even faster and thus help to maintain Statoil’s current production level.”
In addition to the process equipment the module consists of a gas-turbine-driven compressor which compresses the gas before it is piped to Kollsnes.
The Kvitebjørn pre-compression project will increase production of gas and condensate from the Kvitebjørn field by approximately 35 million standard cubic metres (mscm) of oil equivalent and thus increase the recovery rate from 55% to 70%.
Without this pressure increase the production from the field would have to be closed down at a much higher wellhead pressure and production would decrease from 2013 with today’s known resources.
The estimated value of the contract is US $161 million to $242 million (NOK 1-1.5 billion).
“Large modification projects like low pressure production is something we will see more of in the years to come,” says Vidar Birkeland, acting chief procurement officer at Statoil.
"This is an important contribution to improved recovery and life time extension at the Kvitebjørn field, and for the total value creation from oil and gas activities on the Norwegian continental shelf.”
The production of the compressor has already started. The offshore installation will take place from 2012 until completion in early 2014.
Source: Press release
TGS Expands 2D Seismic Data in the Sundaland Margin, Offshore Indonesia
TGS announces a second 2D seismic survey offshore Indonesia Southwest Sumatra (SMi10) in the forearc basin along the Sundaland Margin. The survey will add 2,700 km of new 2D data to infill the existing 6,900 km of multi-client data acquired in 2009.
The previous seismic in the area has revealed a thick sequence of potential reservoir and source rock in the Mentawai-Bengkulu forearc basins, confirmed by a large gravity anomaly. The newest SMi10 project will aid in mapping three unique seismically defined plays along this trend.
[Read more]
Source: Offshore Energy Today
The previous seismic in the area has revealed a thick sequence of potential reservoir and source rock in the Mentawai-Bengkulu forearc basins, confirmed by a large gravity anomaly. The newest SMi10 project will aid in mapping three unique seismically defined plays along this trend.
[Read more]
Source: Offshore Energy Today
Tullow to achieve first oil from deepwater Jubilee field offshore Ghana within weeks
Tullow Oil revealed today that the company expects to produce first oil from the massive Jubilee field offshore Ghana on December 15, 2010. Developed in just 3.5 years, Tullow claims that Jubilee is the fastest-ever deepwater full-scale development.
Discovered in June 2007 by the Mahogany-1 and Hyedua-1 exploration wells, the Jubilee oil field was developed via 17 wells connected to the permanently moored Kwame Nkrumah MV21 FPSO, which will inject gas and water, as well as process, store, and offload oil.
Oil was produced to the FPSO on Nov. 28 to commission the processing equipment before beginning official production status.
Just the first phase of development, production rates will begin at 55,000 barrels of oil a day and increase to a peak of 120,000 barrels of oil a day within the first six months of production.
Appraisal drilling continues on the reservoir to better define the potential of the Greater Jubilee Area.
Containing light sweet crude oil, the Jubilee field is expected to hold up to 1 billion barrels of oil. Located in waters measuring between 1,100 and 1,700 meters deep, the Jubilee is located on both the Deepwater Tano and the West Cape Three Points blocks.
Tullow is the operator of the Jubilee project with 34.7 percent. Partners in the milestone achievement include Anadarko Petroleum (23.49 percent), Kosmos Energy (23.49 percent), Ghana National Petroleum Corp. (13.75 percent), Sabre Oil and Gas (2.81 percent), and E.O. Group (1.75 percent).
Source: Press release
Discovered in June 2007 by the Mahogany-1 and Hyedua-1 exploration wells, the Jubilee oil field was developed via 17 wells connected to the permanently moored Kwame Nkrumah MV21 FPSO, which will inject gas and water, as well as process, store, and offload oil.
Oil was produced to the FPSO on Nov. 28 to commission the processing equipment before beginning official production status.
Just the first phase of development, production rates will begin at 55,000 barrels of oil a day and increase to a peak of 120,000 barrels of oil a day within the first six months of production.
Appraisal drilling continues on the reservoir to better define the potential of the Greater Jubilee Area.
Containing light sweet crude oil, the Jubilee field is expected to hold up to 1 billion barrels of oil. Located in waters measuring between 1,100 and 1,700 meters deep, the Jubilee is located on both the Deepwater Tano and the West Cape Three Points blocks.
Tullow is the operator of the Jubilee project with 34.7 percent. Partners in the milestone achievement include Anadarko Petroleum (23.49 percent), Kosmos Energy (23.49 percent), Ghana National Petroleum Corp. (13.75 percent), Sabre Oil and Gas (2.81 percent), and E.O. Group (1.75 percent).
Source: Press release
Woodside delays start of Pluto as costs soar
Woodside Petroleum says costs for its Pluto liquefied natural gas (LNG) project have blown out by $900 million and it will take another six months to begin production while it rebuilds equipment that falls short of design specifications.
The oil and gas producer says the Pluto project, offshore from Karratha in Western Australia, will cost $14 billion, up 7 per cent from its prior estimate of $13.1 billion.
[Read more]
Source: The Sydney Morning Herald
Norway: Det norske Finds Indications of Gas in the Srirby Deep Project
Det norske oljeselskap ASA has as operator in PL 341, found indications of gas in the Stirby Deep prospect in the Viking Graben in the North Sea, 75 km south of Sleipner.
The well data indicates gas/gas condensate under high pressure in a 70 meters thick sandstone with low porosity at 4870 meters below seabed.
It is too early to conclude about the discovery; hence the partnership has decided to drill deeper and collect additional data in order to confirm the gas, as well as assess both the size and commerciality of the discovery.
[Read more]
Source: Offshore Energy Today
The well data indicates gas/gas condensate under high pressure in a 70 meters thick sandstone with low porosity at 4870 meters below seabed.
It is too early to conclude about the discovery; hence the partnership has decided to drill deeper and collect additional data in order to confirm the gas, as well as assess both the size and commerciality of the discovery.
[Read more]
Source: Offshore Energy Today
Brazil to decide in 2011 if BP can buy Devon assets
Brazil's state oil regulator, ANP, will wait until 2011 to decide whether to approve BP's proposed purchase of Devon Energy's offshore oil blocks, the agency's director said on Monday.
BP said at the beginning of this year that it had reached a deal with Devon to take over its Brazilian oil assets for $7billion, but the ANP wants more information from the British firm about its plans before giving approval.
[Read more]
Source: Reuters
BP said at the beginning of this year that it had reached a deal with Devon to take over its Brazilian oil assets for $7billion, but the ANP wants more information from the British firm about its plans before giving approval.
[Read more]
Source: Reuters
Husky spends $860 million on Canadian energy assets
Husky Energy Inc. announced today it will buy $860 million worth of oil and natural gas assets in Alberta and northeast British Columbia – acquisitions that will bolster the company's daily production by the equivalent of 33,000 barrels of oil.
“The initiatives announced today represent the culmination of significant effort and focus to bring forward major projects that will create sustainable shareholder value over the near, mid and long term,” Husky CEO Asim Ghosh said in a statement. “Together, they are a statement of confidence in our business and in the tremendous growth opportunities in our portfolio.”
[Read more]
Source: The Canadian Business
“The initiatives announced today represent the culmination of significant effort and focus to bring forward major projects that will create sustainable shareholder value over the near, mid and long term,” Husky CEO Asim Ghosh said in a statement. “Together, they are a statement of confidence in our business and in the tremendous growth opportunities in our portfolio.”
[Read more]
Source: The Canadian Business
VAALCO Energy Provides Drilling Update
VAALCO Energy, Inc. today announced that oil production has commenced from the Company's South Tchibala development well (ETBSM-2H) following successful operations to retrieve the completion assembly which, as previously announced, had slipped through the elevator as it was being lowered into the newly drilled well shaft. VAALCO has re-run the upper completion assembly, installing two new electric submersible pumps, and production estimated at 3,800 barrels per day commenced on November 26, 2010.
VAALCO has now moved the contracted drilling rig, the Sapphire Driller, onto location to drill a new exploration well on the Omangou prospect (ETOMG-10), approximately two miles southeast of the Ebouri platform and approximately four miles to the northwest of the center of the Etame field. Drilling commenced on November 25, 2010.
Subsea work is underway on the ET-7H well, a horizontal development well in a known separate fault block in the Etame field that is expected to add additional production. VAALCO is laying and connecting the production, service and gas lift lines between the sub-sea tree and the Company's floating production, storage and offloading ("FPSO") facilities. Operations are proceeding and it is expected that VAALCO will commence production in the second half of December 2010.
The Company's subsidiary VAALCO Gabon Etame, Inc. operates the Etame Marin Permit in which it holds a 28.07% net interest in the Etame Field. Other participants in the permit are Addax Petroleum Etame Inc. (31.36%), Sasol Petroleum Etame Limited (27.75%), Sojitz Etame Limited (2.98%), PetroEnergy Resources Corp. (2.34%) and Tullow Oil Gabon SA (7.5%).
Source: Press release
VAALCO has now moved the contracted drilling rig, the Sapphire Driller, onto location to drill a new exploration well on the Omangou prospect (ETOMG-10), approximately two miles southeast of the Ebouri platform and approximately four miles to the northwest of the center of the Etame field. Drilling commenced on November 25, 2010.
Subsea work is underway on the ET-7H well, a horizontal development well in a known separate fault block in the Etame field that is expected to add additional production. VAALCO is laying and connecting the production, service and gas lift lines between the sub-sea tree and the Company's floating production, storage and offloading ("FPSO") facilities. Operations are proceeding and it is expected that VAALCO will commence production in the second half of December 2010.
The Company's subsidiary VAALCO Gabon Etame, Inc. operates the Etame Marin Permit in which it holds a 28.07% net interest in the Etame Field. Other participants in the permit are Addax Petroleum Etame Inc. (31.36%), Sasol Petroleum Etame Limited (27.75%), Sojitz Etame Limited (2.98%), PetroEnergy Resources Corp. (2.34%) and Tullow Oil Gabon SA (7.5%).
Source: Press release
EXCO Resources Expects 40% Growth in Production
Fueled by acquisitions, EXCO Resources said on Monday it expects production to grow by at least 40% next year.
Reflecting the optimistic outlook, the oil and natural gas explorer, which has received a $4.36 billion buyout bid from the chief executive, approved a capital budget of $976.2 million, nearly double its current year’s $496.8 million budget.
[Read more]
Source: Fox Business
Reflecting the optimistic outlook, the oil and natural gas explorer, which has received a $4.36 billion buyout bid from the chief executive, approved a capital budget of $976.2 million, nearly double its current year’s $496.8 million budget.
[Read more]
Source: Fox Business
ProSep Concludes Milestone Agreement in Saudi Arabia
ProSep Inc., dedicated to providing process solutions to the oil and gas industry, today announced it has signed a collaboration agreement with Bandariyah International Group, a leading supplier to the Saudi Arabian oil & gas and petrochemical industries. This agreement will provide ProSep with a strong local partner to support the Company with its marketing, sales and after sales activities for its produced water, oil and gas treatment technologies in the region.
"Management of oil and water resources are major concerns in Saudi Arabia. After almost two years of testing and field trials in the region, our solutions have proven they can reduce consumption of water and chemicals in the treatment of oil, gas and produced water. With the support of Bandariyah International's extensive network and expertise in introducing new technologies in the Kingdom, ProSep can now actively pursue this promising market" said Jacques L. Drouin, President and CEO.
[Read more]
Source: Press release
"Management of oil and water resources are major concerns in Saudi Arabia. After almost two years of testing and field trials in the region, our solutions have proven they can reduce consumption of water and chemicals in the treatment of oil, gas and produced water. With the support of Bandariyah International's extensive network and expertise in introducing new technologies in the Kingdom, ProSep can now actively pursue this promising market" said Jacques L. Drouin, President and CEO.
[Read more]
Source: Press release
Naftogaz returns disputed gas to RosUkrEnergo in exchange for $1.7 billion
National joint-stock company Naftogaz Ukrainy has reported about the settlement of all issues related to natural gas supplies with Russian OAO Gazprom and Swiss-based gas trader RosUkrEnergo.
"Under documents signed in pursuance of a ruling by the Stockholm Arbitration Tribunal, Naftogaz Ukrainy will return 12.1 billion cubic meters (bcm) of natural gas to RosUkrEnergo," Naftogaz's press service said in a statement on Monday.
[Read more]
Source: KyivPost
"Under documents signed in pursuance of a ruling by the Stockholm Arbitration Tribunal, Naftogaz Ukrainy will return 12.1 billion cubic meters (bcm) of natural gas to RosUkrEnergo," Naftogaz's press service said in a statement on Monday.
[Read more]
Source: KyivPost
AGR to Manager Exploration Drillong Offshore The Republic of Guinea
Hyperdynamics Corporation announced that it signed a contract with AGR Peak Well Management Limited, based in Aberdeen, Scotland, to manage its exploration drilling project offshore the Republic of Guinea.
AGR will handle well construction project management services, including logistics, tendering for materials and services, as well as overall management responsibilities for the drilling program. Initial exploration drilling is scheduled for the fourth quarter of 2011.
[Read more]
Source: OffshoreEnergy Today
AGR will handle well construction project management services, including logistics, tendering for materials and services, as well as overall management responsibilities for the drilling program. Initial exploration drilling is scheduled for the fourth quarter of 2011.
[Read more]
Source: OffshoreEnergy Today
KPC to spend $90bn in five years for growth
Kuwait Petroleum Corp (KPC) plans to spend $90bn in the next five years as part of its strategy to boost oil production capacity to 4 million barrels a day by 2020, a senior executive at the company said on Monday.
The world's fourth-largest oil exporter currently has a crude production capacity of around 3.3 million barrels per day.
[Read more]
Source: Arabian Business
The world's fourth-largest oil exporter currently has a crude production capacity of around 3.3 million barrels per day.
[Read more]
Source: Arabian Business
Shipbuilders strive to stay afloat / Japanese companies cut costs, boost technical capabilities to battle foreign rivals
Once No. 1 in the world, this nation's shipbuilding industry is struggling to survive as Japanese companies are overwhelmed by Chinese and South Korean firms that are more cost-competitive.
Nevertheless, Japanese companies are making great efforts to endure and rehabilitate themselves. The shipyard owned by Mitsubishi Heavy Industries Ltd. in Nagasaki, for example, is cutting costs related to equipment and procedures.
[Read More]
Source: Daily Yomiuri Online
Nevertheless, Japanese companies are making great efforts to endure and rehabilitate themselves. The shipyard owned by Mitsubishi Heavy Industries Ltd. in Nagasaki, for example, is cutting costs related to equipment and procedures.
[Read More]
Source: Daily Yomiuri Online
STX Awarded Contract for New PV90 Design
STX Canada Marine has been awarded a contract by Babcock UK subsidiary Devonport Naval Dockyard, to design the next-generation offshore patrol vessel (OPV) for the Irish Naval Service (INS).
[Read More]
Source: TTKN New
[Read More]
Source: TTKN New
Tanger Outlets raise $1.7 million to fight breast cancer
GREENSBORO, N.C., Nov. 29, 2010 (GLOBE NEWSWIRE) -- Tanger Outlet Centers raised and is donating more than $1.7 million for the battle against breast cancer this holiday season. Since 1994, Tanger has donated $9.2 million to fight breast cancer nationally.
As part of its annual PinkStyle Campaign, Tanger Outlets in 22 states have now topped the $1 million mark in funds raised for the cause, for the third consecutive year. During this season of hope and giving, Tanger is making donations to more than 20 local breast cancer facilities and organizations.
"It takes all of us working together with a common focus and determination to beat this terrible disease," stated Steven B. Tanger, President and Chief Executive Officer for Tanger Factory Outlet Centers, Inc. "I am proud of our Tanger Team members for their continued hard work in fighting breast cancer."
Tanger's 2010 PinkStyle Campaign ran September 15th - October 25th with funds being raised through the sale of the popular Tanger Pink Card, now in its 5th year. For a $1 donation to local breast cancer beneficiaries, Tanger customers received a special pink card that provided 25% bonus savings at participating, partnering Tanger stores across the country.
In addition to the sale of Pink Cards, Tanger raised money through a variety of onsite events at Tanger centers. Some of these activities included Relay for Life and Community Walks that raised more than $220,000 in six regions where Tanger Outlet Centers are located.
Classic car shows and cruise nights netted an additional $10,500 for the cause at 3 centers, while 5K Runs at 14 Tanger centers this summer and fall helped raise $36,000.
During the recent Grand Opening of the new Tanger Outlet Center in Mebane, North Carolina (located between Raleigh and Greensboro), the company used the special occasion to donate $60,000 to Alamance Regional Charitable Foundation'sPink Ribbon Fund, Duke Comprehensive Cancer Center and UNC Lineberger Comprehensive Cancer Center.
With its primary mission to help save lives, Tanger's Annual Breast Cancer Awareness Campaign creates awareness for the importance of early detection and helps raise the money necessary to support ongoing breast cancer research. Tanger's campaign also helps fund many important programs and facilities designed to improve the quality of life for breast cancer patients.
As part of its annual PinkStyle Campaign, Tanger Outlets in 22 states have now topped the $1 million mark in funds raised for the cause, for the third consecutive year. During this season of hope and giving, Tanger is making donations to more than 20 local breast cancer facilities and organizations.
"It takes all of us working together with a common focus and determination to beat this terrible disease," stated Steven B. Tanger, President and Chief Executive Officer for Tanger Factory Outlet Centers, Inc. "I am proud of our Tanger Team members for their continued hard work in fighting breast cancer."
Tanger's 2010 PinkStyle Campaign ran September 15th - October 25th with funds being raised through the sale of the popular Tanger Pink Card, now in its 5th year. For a $1 donation to local breast cancer beneficiaries, Tanger customers received a special pink card that provided 25% bonus savings at participating, partnering Tanger stores across the country.
In addition to the sale of Pink Cards, Tanger raised money through a variety of onsite events at Tanger centers. Some of these activities included Relay for Life and Community Walks that raised more than $220,000 in six regions where Tanger Outlet Centers are located.
Classic car shows and cruise nights netted an additional $10,500 for the cause at 3 centers, while 5K Runs at 14 Tanger centers this summer and fall helped raise $36,000.
During the recent Grand Opening of the new Tanger Outlet Center in Mebane, North Carolina (located between Raleigh and Greensboro), the company used the special occasion to donate $60,000 to Alamance Regional Charitable Foundation'sPink Ribbon Fund, Duke Comprehensive Cancer Center and UNC Lineberger Comprehensive Cancer Center.
With its primary mission to help save lives, Tanger's Annual Breast Cancer Awareness Campaign creates awareness for the importance of early detection and helps raise the money necessary to support ongoing breast cancer research. Tanger's campaign also helps fund many important programs and facilities designed to improve the quality of life for breast cancer patients.
India may relax rules for local shipbuilders
The shipping ministry proposes to check Chinese shipbuilders from grabbing orders from Indian shipowners by relaxing eligibility rules and granting purchase price preference for local shipyards to undertake contracts.
[Read More]
Source: Live Mint
[Read More]
Source: Live Mint
Near-Bankrupt Vinashin May Owe 3% of Vietnamese Banks' Loans, Moody's Says
Vietnam Shipbuilding Industry Group, the near-bankrupt ship maker, may account for as much as 3 percent of some Vietnamese banks’ loan portfolios, putting them at risk for restructuring, Moody’s Investors Service said.
[Read More]
Source: Bloomberg
[Read More]
Source: Bloomberg
Bangladesh: Bill for Sonadia Island Deep Sea Port in December
A bill for setting up a deep-sea port will be placed in parliament in its next session in December, said Shipping Minister Shajahan Khan yesterday. The minister said this while inaugurating the deep-sea port cell on New Bailey Road in Dhaka.
[Read More]
Source: Dredging Today
[Read More]
Source: Dredging Today
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