Gas Field

Spirit Energy 76 Discovers New Gas Field

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."

Iran Orders Six LNG Tankers from China

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)

New Zealand Mulls CNG Imports

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, Statoil Announce Joint Energy Plan

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

Letter of Intent Signed with Aker Kvaerner on Gjoa Field

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

Saipem Wins Offshore Contract in Saudi Arabia

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)

Russian, American Gas Giants Discuss Shtokman, LNG exports to U.S.

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

Linde forms Global Alliance with SBM

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

China's First Deepwater LNG Pipe-Layer Sets Sail

China's first 3,000 m deepwater pipe laying crane vessel 'Hai Yang Shi You 201; set sail for South China Sea operations China Rongsheng Heavy Industries Group has collaborated with China National Offshore Oil Corporation (“CNOOC”) to complete construction of a 3,000-meter deepwater pipe laying crane vessel (“DPV”) “HAI YANG SHI YOU 201.” The vessel has set sail for the “Liwan 3-1” gas field in the South China Sea today and will prepare for pipe

Power Below the Waves: ABB Subsea Transformers

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.