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Kitimat LNG, Apache MOU

Kitimat LNG Inc. announced that it has signed a memorandum of understanding (MOU) with Apache Corporation to supply natural gas to Kitimat LNG's proposed liquefied natural gas export terminal. The MOU sets a framework for Kitimat and Apache to negotiate a definitive agreement to supply 200 million to 300 million cubic feet (MMcf) of natural gas feedstock per day to the terminal, which has a planned capacity of 700 MMcf per day. Apache also obtained an option to purchase an equity stake in the Kitimat LNG terminal. Rosemary Boulton, President of Kitimat LNG, said "The participation of companies such as Korea Gas Corporation (KOGAS), GAS NATURAL, EOG Resources Canada and Apache gives our project strong momentum and reinforces the fundamental strength of our business strategy." As natural gas supply and reserves continue to increase in North America, Kitimat LNG's terminal will provide producers in Canada such as Apache with secure access to key worldwide markets. Apache recently released drilling results from the Horn River shale area in northeast British Columbia that strengthened earlier estimates that individual horizontal wells in the area potentially can recover 10 billion cubic feet of natural gas. Apache holds about 210,000 net acres in Horn River. Exploration and development activity in Apache's Canadian region is concentrated in the provinces of Alberta, British Columbia, and Saskatchewan. The region comprises 4


US Jury Rules in Favor of Apache Corp.

Apache Corp was not in breach of contract in a lawsuit brought by Houston-based oil and gas producer W&T Offshore Inc in 2011, a federal jury found on Monday, according to a court filing. The U.S. District Court for the Southern District of Texas has accepted the jury verdict and W&T can file any post-verdict motions by Jan. 5. W&T filed a claim against Apache in 2011, accusing the energy company of breaking the terms of a processing contract and inaccurately recording how


Navy Tug Fights Fire Aboard Freighter in Liberia

USNS Apache (T-ATF 172) responded to a shipboard fire aboard a commercial freighter while repairing the port of Monrovia, Liberia’s, damaged commercial pier and surveying the city’s harbor, Aug. 10. The engine room of Tahoma Reefer, an Estonian commercial freighter also paying a call on Monrovia’s port, burst into flames in the early hours of the day. Later that morning, just as smoke from the burning vessel was spotted from Apache’s bridge, the U.S


Apache Reports Fire on GOM Platform

Apache Corporation (NYSE:APA) reported a fire aboard its East Cameron (EC) 2 processing platform, in La. state waters of the Gulf of Mexico about two miles off the coast of Cameron Parish. The three personnel on the platform, all Island Operating employees, evacuated the platform and were rescued. They were all transferred to the hospital where Frank Richard, 34, of Mowata, La., died. The other two employees are being assessed


Kitimat LNG Partners to Purchase Pacific Trail Pipelines Interest

Kitimat LNG partners Apache Canada Ltd. (Apache Canada) and EOG Resources Canada Inc. (EOG Canada) announced that they have agreed to purchase the 50 percent interest in the Pacific Trail Pipelines Limited Partnership (PTPLP) they do not own from Pacific Northern Gas Ltd. (PNG) for $50m. Apache Canada and EOG Canada will pay PNG $30m on closing – expected by the end of February – and a second payment of $20m when the purchasers decide to proceed with construction of the Kitimat


Offshore Drill Ship Secured for East African Field

Offshore East Africa Drilling: Image courtesy of Pancontinental

Pancontinental Oil & Gas operator, Apache Kenya, secures deepwater drilling ship for giant Mbawa Prospect Pancontinental Oil & Gas announce that the Kenya L8 licence operator Apache Kenya Limited (Apache) has secured the use of the deepwater drilling ship Deepsea Metro 1 to drill the giant Mbawa Prospect. Apache is anticipating a spud date within Q3 2012, with the actual date depending on when the drilling rig is finished with its current operations


W&T Offshore Acquires interest in Federal Lease

W&T Offshore Inc. announced it has entered into an agreement with Apache Corp. to acquire Apache’s interest in Ship Shoal 349, a federal offshore lease off the coast of Louisiana, for $116 million. “We are excited about acquiring Apache’s interest in the Ship Shoal 349 field,” said Tracy Krohn, W&T’s chairman and CEO. “Better known as Mahogany, (the field) was the first economic subsalt field drilled in the Gulf of Mexico


Update: BOEMRE Response to Natural Gas Leak in GOM

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) is continuing to oversee Apache Corp.’s source control efforts for a natural gas leak near East Cameron Block 278 Platform B. The platform is located approximately 93 miles offshore Louisiana, south of Lake Charles, in about 173 feet of water. The platform, which has not been in production for nearly a decade, is currently used to process natural gas and condensate from other facilities.


UPDATE: BOEMRE Response to Natural Gas Leak in GOM

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) is continuing to oversee Apache Corp.’s source control efforts for a natural gas leak near East Cameron Block 278 Platform B. The platform is located approximately 93 miles offshore Louisiana, south of Lake Charles, in about 173 feet of water. The platform, which has not been in production for nearly a decade, is currently used to process natural gas and condensate from other facilities.  


EnerMech Lands North Sea Contract

EnerMech s been awarded a £6.6 million contract by Apache North Sea Ltd. to supply and install four new Blow- Out Preventer (BOP) handling cranes on the Forties Alpha, Bravo, Charlie and Delta platforms. The project, which will deliver four Stahl cranes and is expected to be completed by Q1 2013, will be serviced by a dedicated engineering team from EnerMech’s Aberdeen-based cranes division. The contract award builds on a number of existing multi-million pound crane operations


Apache First Discovery in Australia's Offshore Canning Basin

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  Apache Corporation  today announced an oil discovery at the Phoenix South-1 well - the company's first discovery in Australia's offshore Canning Basin. Wireline and formation pressure tools have confirmed at least four discrete oil columns ranging in thickness between 85 and 151


Asia Buyers Wary of U.S. Condensate Test Results

Petchem producers unlikely to buy due to impurities in oil. Big middle distillates yield, less naphtha, LPG; wide variance in API gravities in assays, samples. Tests on samples of the same type of U.S. condensate now heading to South Korea and Japan have raised questions about the ultra-light


Merger Talks Feed Energy Sector Deal Speculation

Employees work in a lab at the Halliburton Co. facility in Houston.

  Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said. Competing service companies including National Oilwell


EnerMech Secures $53.4m Cranes Contracts

Photo courtesy of EnerMech

EnerMech has secured six new or renewed cranes and lifting contracts in the UK North Sea sector valued in excess of $53.4 million. The Aberdeen headquartered mechanical engineering group agreed extensions to contracts with Apache North Sea, Maersk Oil and Marathon Oil


Unique Horse Mesa Dam Project Nears Completion

Credit: Michael McNama

Faced with a challenging decision between draining Apache Lake or trying a unique underwater diving method to repair the damaged intake structure for Horse Mesa Dam’s hydroelectric units, Hydro Generation engineers at Salt River Project chose the latter rather than the former


Danger Lurking: Above & Below the Surface

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Feds issue Interim Guidelines for reefing old rigs at the same time that NOAA identifies myriad potentially polluting shipwrecks. Salvage opportunities abound. In late June, the U.S. Interior Department revised its interim policy for defunct, offshore oil-and-gas platforms


British Navy Looking to Preserve 'Illustrious' Legacy

HMS Illustrious: Photo courtesy of MOD

The Ministry of Defence is looking for ideas on how best to preserve the legacy of the Royal Navy's Invincible-Class aircraft carriers.The last of the ships, 'HMS Illustrious', is due to retire in late 2014 after 32 years of distinguished service that has seen her involved in operations around the


Keppel Wins $120m in Offshore Contracts

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Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) won five contracts worth about $120m in total. "We are glad to have the support of repeat and new customers for a range of offshore


Diamond Offshore Drilling 2013 Profit Slips

Image courtesy of Diamond Offshore Drilling

In the company's financial report for the fourth quarter of 2103 Diamond Offshore Drilling announced that for the full year 2013 their net income of $549 million, or $3.95 per share, compared with net income of $720 million, or $5.18 per share, in 2012.  Revenues for the full year 2013 were $2


Second Modular Capture Vessel for US Operation

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Drydocks World announced the completion and delivery of Eagle Louisiana, the second of two Modular Capture Vessels (MCV) for the U.S. The first MCV, Eagle Texas, sailed away from Drydocks World’s yard in August last year. The vessels are the world’s first MCVs.


Apache CEO, Vermont activist build alliance on climate issues

Steve Farris runs a $33 billion Texas oil and gas company and turns, for advice, to a bearded Vermont environmentalist. As other energy firms battled climate change and anti-pollution activists in recent years, the Apache Corp chief executive instead built an alliance with


XPD8 Seals Ghana FPSO Contract

courtesy of XPD8 Solutions

Asset integrity management specialist XPD8 Solutions said it has continued its recent success in West Africa for work off the coast of Ghana. Over an 18-month period, the company will develop the maintenance program and inventory data for MODEC’s TEN MV25 floating production


Documentary 'Window in the Waves'- Next Showing 5/21

'Window in the Waves', featuring Coral Reef in Gulf of Mexico will go on the air in May and June next. It is the story of the Flower Garden Banks, a documentary by Director of Photography Todd Richard of Synergy Productions in association with Louisiana Public Broadcasting.


Flirting with Default, Argentina Enjoys Oil Drilling Boom

  Holders of Argentina's  defaulted debt and their supporters have warned the country risks being frozen out from international capital markets unless it finds a way to solve its legal problems by the July 30 deadline. But away from the bad-tempered litigation in U.S


Armed with New Technology, Oil Drillers Revisit Gulf of Mexico

Advances in drilling technology are reviving the prospects of oil companies in shallow parts of the Gulf of Mexico, helping to squeeze more from older fields while the U.S. shale bonanza lures others onshore. Apache Corp and a handful of smaller independent companies are using seismic surveying






 
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