Unocal Corporation's Spirit Energy 76 unit said a wildcat exploration well in 240 ft. of water on its 100-percent owned Ship Shoal block 295 offshore Louisiana has discovered a significant new natural gas field with an ultimate discovery volume of as much as 130 billion cubic feet (bcf). Spirit Energy also said its net production reached 175,000 boepd at the end of 1999. The company expects continued production strength into 2000 due to increased development activities and exploration success resulting from higher capital spending in the last six months of 1999. "A discovery of this size in shallow water that can be brought on production quickly at high rates has extremely attractive economics," said Timothy H. Ling, Unocal CFO and executive vice-president, North American Energy Operations. "Successes like the Muni well are critical to helping Unocal meet its return on capital goals for the company's mature areas."
According to a May 30 report from www.PressTV.ir, Iran has ordered six tankers worth $1.2b from China for exporting the liquefied natural gas (LNG) it produces in the country's gas fields. China recently backed a U.S.-proposed draft resolution for further UN sanctions against Iran but has stressed that sanctions should not harm "normal trade" between the two countries. (Source: presstv.ir)
According to a report from Reuters, Italian oil services firm Saipem (SPMI.MI) won a contract for offshore work at Saudi Aramco's [SDABO.UL] non-associated gas fields feeding Wasit, Saudi Arabia's biggest gas plant, industry sources said on March 1. Saipem is controlled by oil company Eni (ENI.MI). (Source: Reuters)
New Zealand energy companies are considering importing compressed natural gas to help make up a possible gas shortfall when the Maui field runs dry in 2010, as reported in the New Zealand Herald. As the Maui gas field, off the south coast of Taranaki, nears the end of its life, concern is mounting about how to make up the energy shortfall if no new gas fields are found. CNG would overcome several objections to one of the alternatives gaining traction - the importation of liquefied natural gas
Shell and Statoil announced a plan to use carbon dioxide to increase offshore oil recovery in the North Sea. Carbon dioxide (CO2) would be captured from power generation and pumped into an underground reservoir to enhance oil recovery, resulting in increased energy production with lower CO2 impact. The project was estimated to cost about $1.4 billion dollars. The project, due to be phased in between 2010 and 2012, comprises a gas-fired power plant and methanol production facility at
ABB has delivered subsea transformers for fields in the North & Norwegian seas & the Gulf of Mexico for operation at depths of up to 2,000 m. Subsea transformers are an ABB innovation. Deployed in extreme conditions in ultra-deepwater, these high-tech workhorses provide the power for heavy-duty equipment on the sea floor - enabling declining oil and gas fields to be more productive and making new deepwater fields accessible.
Aker Kvaerner has awarded Kongsberg Maritime a Letter of Intent for integrated control systems for safety and process automation on board a semi-submersible production platform destined to be used on the Gjoa oil and gas field in the North Sea. Aker Kværner will be building the platform deck, attaching it to the hull and preparing the platform for operation. Gaz de France Norway will be operator of the field. Besides safety and automation systems
Linde has formed a Global Alliance with Single Buoying Mooring Inc. (SBM) to develop and market Floating Production, Storage and Offloading units (FPSO) for the growing Liquid Natural Gas (LNG) industry, based on Linde's proprietary natural gas liquefaction technology. After having finalized a generic concept for a LNG FPSO with a yearly capacity off app.2.5 million metric tons of LNG, global marketing efforts will start as of today
The chief executives of Russian natural gas monopoly Gazprom and U.S. energy giant ConocoPhillips met recently to discuss prospects for the development of the Shtokman gas field and the supply of Russian liquefied natural gas (LNG) to markets in North America, according to an RIA Novosti report. The meeting was held as part of consultations with companies interested in being involved in the first leg of the Shtokman project
Russian Maritime Register of Shipping (RS, the Register) is going to participate in the International Conference on Development of Oil-and-Gas Resources of the Russian Arctic and CIS Continental Shelf (RAO/CIS Offshore). The event will take place at the LenExpo Congress Halls, St Petersburg, September 10-13, 2013. Vladimir Evenko, Head of RS Classification and Development Directorate will act as a co-chairman of the roundtable "Rules and Regulations Lying at the Base of Shelf
ABB recently entered a partnership with international energy company Statoil to develop power solutions for subsea oil and gas production. A key challenge they identify is to develop reliable long-distance power transmission technology and to build components that can function for several decades
Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announced the win of two contracts with BP in Azerbaijan’s largest oil and gas fields worth approximately $100 million (USD)
Middle East’s leading regional private sector natural gas company, Dan Gas, has awarded Adyard Abu Dhabi a subsidiary of Interserve plc, a $17 million contract for the fabrication of an offshore platform for the Zora Field Development Project which spans the territorial waters of Sharjah and
The U.K. Department of Energy and Climate Change (DECC) issued a news release stating that the interim report on the economic and energy security opportunities still available from the U.K.’s offshore oil and gas resources has been completed
Eni announced the completion of the Evans Shoal North-1 appraisal well in the Evans Shoal gas field in the Timor Sea, Australia. The field is located offshore in the NT/P48 exploration permit in the north Bonaparte Basin, some 300 km northwest of Darwin.
ABB, a power and automation technology group, has won an order worth around $25 million to supply its marine propulsion system, Azipod, and complete electric power plants for two new rescue and salvage icebreakers that are under construction at Nordic Yards GmbH in Germany.
ABB has won an order worth around $25 million to supply its marine propulsion system, Azipod, and complete electric power plants for two new rescue and salvage icebreakers that are under construction at Nordic Yards GmbH in Germany. The new vessels
Reef Subsea Dredging and Excavation (D&E) report they have secured a number of substantial contracts in the Middle-East and Asia Pacific as they continue to grow its global footprint. The Middle-East contracts will involve two teams from the company’s UK workforce managing subsea
ABB has entered a US$100-million research and development joint industry program (JIP) with Statoil to develop solutions for transmission, distribution and power conversion systems designed to power and control subsea pumps and gas compressors at depths of 3,000 meters, and over vast distances
Singapore's Otto Marine celebrate the completion of another unit of one of the world’s largest and most complex AHTS from its Batam shipyard, and also announce they have signed a MOU for newbuilding and conversion of cement carrier vessels. AHTS newbuilding
The impact of the massive and continuing transformation of Russia’s maritime industries will be on show to the world when the all-encompassing NEVA 2013 exhibition and conference program takes place in St. Petersburg from September 24-27.
Lloyd’s Register (LR) announced a significant investment in global services company Senergy to create an industry-leading offering - from the reservoir to refinery and beyond. The deal will see LR and Senergy provide a unique and comprehensive portfolio of services to the upstream
The Board of Directors of DONG Energy has approved the interim financial report for the first half of 2013 with the following financial highlights and outlook compared with the first half of 2012: First-half 2013 EBITDA was DKK 7.8 billion against DKK 6
ABB has supplied a uniquely integrative multisystem automation solution for the new Medgaz gas pipeline that connects North Africa’s largest gas producer with the gas transmission networks of Europe. The 210 kilometer pipeline connects the gas fields of Algeria
E.ON Exploration & Production's (E&P) Tolmount gas discovery in the UK North Sea could contain significantly higher volumes than originally estimated, making it one of the largest discoveries made in this part of the North Sea for several years.