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Gas Find

Major Shallow Water Oil and Gas Find

Sperry-Sun, a Division of Dresser Industries, Inc., participated in drilling a significant crude oil and natural gas discovery in Anadarko Petroleum Corp.'s subsalt exploration program. This discovery - called Tanzanite - is located in the Gulf of Mexico at Eugene Island South Addition Block 346 in 314 feet of water about 75 miles offshore Louisiana. Anadarko believes the Tanzanite field contains at least 140 million boe. Sperry-Sun provided pressure-while-drilling (PWD) services from 11,000 ft. MD to TVD of 14,350 ft. in drilling the exploration well (the OCS-G 14482 No. 1) and provided full "triple combo" services from 11,800 ft. MD to 13,643 MD. In this latter portion of the well, 450 ft. of continuous hydrocarbon pay were encountered; three additional pay zones totaling approximately 70 ft. of net pay are also present in the wellbore. Sperry-Sun's triple combo services provided the log of record for the hole.


ONGC to Invest Over $5B in Offshore Gas Finds

Oil and Natural Gas Corp. (ONGC) plans to invest over $5b to produce 25 million standard cubic meters per day (mmscmd) of gas from its eastern offshore Krishna Godavari fields by 2013. The state-run firm submitted to the regulator Director General of Hydrocarbons an appraisal program of the discoveries it had made in KG offshore basin, putting the in-place reserves at 6.37 Trillion cubic feet (Tcf), industry sources said.


Oil & Gas Auction Set for November

India will announce the auctioning of 80-85 oil and gas blocks for exploration and production in the seventh licensing round under New Exploration Licensing Policy (NELP) in the first week of November. Oil regulator Directorate General of Hydrocarbons (DGH) has carved out 80-85 blocks to be offered for bidding under NELP-VII. The total acreage of the blocks on offer is about 0.4 million square kilometers. Offshore blocks on both east and west coast would be offered


Statoil Makes Gas Find in Arctic

Norwegian oil firm Statoil has made a small gas discovery in the Arctic, near its Johan Castberg oil discovery, the Norwegian Petroleum Directorate said on Friday. The find contains between 1 and 2 billion standard cubic metres of recoverable gas, it said. Statoil's partners are Eni of Italy and Norwegian state-owned firm Petoro. Reporting by Gwladys Fouche


CNOOC: A Deepwater Gas Finding in Qiongdongnan Basin

China's CNOOC Limited (NYSE: CEO, SEHK: 0883) announced a deepwater gas discovery on Block 64/11 offshore China after the Lingshui 22-1-1 exploration well drilled by its partner, BG Group (BG) , encountered gas-bearing sands.The exploration well is located in Qiongdongnan Basin in the South China Sea, approximately 130 kilometres offshore and in a water depth of 1,338 metres. BG will conduct further analysis of the well results to evaluate the hydrocarbon potential in the Block.  Mr


Elf Makes Second Gulf Of Mexico Discovery

French oil company Elf Aquitaine has announced its U.S. oil and gas subsidiary Elf Exploration Inc. made its second deep offshore oil discovery in the Gulf of Mexico this year. Elf officials said workers made the find at the Matterhorn well in the Mississippi Canyon Block 243, in which Elf Exploration Inc. has a 100 percent working interest. A Global Marine Celtic Sea semi-submersible vessel had drilled the well to a depth of 8,165 ft. and found 370 gross ft


Texaco Replaces 166 Percent of Production

Texaco replaced 166 percent of its 1998 worldwide combined oil and gas production, excluding purchases and sales. Texaco's proved oil and gas reserves increased eight percent during 1998 to nearly 4.7 billion barrels of oil equivalent (BOE), the largest proved reserve base for the company since 1985. These reserves are comprised of 3.6 billion barrels of liquids and 6.5 trillion cubic ft. of natural gas. Worldwide finding and development costs in 1998 were $3


UK Needs to Explore for New North Sea Oil & Gas

File photo CCL

In its annual Activity Survey for 2014, trade association Oil & Gas UK says only 15 exploration wells were drilled in 2013, according to figures from the Department of Energy & Climate Change (DECC), continuing a steep downward trend. Exploration over the past three years has been at its lowest in the history of the UK Continental Shelf (UKCS) and in 2013 replaced just 80 million barrels. Oil & Gas UK chief executive, Malcolm Webb


Demand for Gas to Grow 3%

World demand for natural gas could grow by 3% a year over the next 15 years, with demand for liquefied natural gas (LNG) growing much faster, Executive Director Gas & Power of Shell Linda Cook reported at the SPE Technical Conference in Dallas. This will require massive investment. Innovative technology will be needed to maximise recovery from existing resources and lower the cost of developing new ones. Gaining access to resources will require adding real value for resource holders


Drilling Industry Stretched By High Demand

The lure of higher oil and gas prices has pushed the number of rigs exploring for oil and natural gas in the United States to a 10-year high, stretching the drilling industry close to its limits. The domestic rig count reached 1,163 during the week ending March 23 - the highest number since December 10, 1990 - when 1,179 rigs were in use, according to oil services firm Baker Hughes Inc. Spurred by record gas prices and the biggest oil market boom for two decades, independent U.S


USCG Marine Safety Alert

The U.S. Coast Guard issued a marine safety alert today to remind all gas carrier owners and operators to ensure that all personnel follow approved Safety Management System cargo handling procedures and industry best practices.   The USCG cited a recent investigation into a cargo compressor


Colombia Detains China-Flagged Ship Transporting Explosives to Cuba

The Port of Cartagena (Photo courtesy of the U.S. Trade and Development Agency)

  Colombian authorities detained a China-flagged ship traveling to Cuba for illegally transporting around 100 tons of gunpowder and other materials used to make explosives and arrested the captain, the attorney general's office said.


Gas Turbine Alternator Installed into Aircraft Carrier

Photo: Aircraft Carrier Alliance

The Aircraft Carrier Alliance has completed the installation of the first MT30 Gas Turbine Alternator (GTA) package into the Royal Navy’s latest aircraft carrier HMS Prince of Wales, at Babcock’s Rosyth shipyard in Scotland.  


Hijacked Indonesian Vessel Found in Philippines

Pic: Philippine Coast Guard

 The hijacked Indonesian cargo ship Rehoboth has been found abandoned in waters off Mati town in Davao Oriental province off the southern Philippines coast, says the  the Philippine Coast Guard (PCG).   PCG spokesperson Armand Balilo said the PCG- Southeastern Mindanao district


ADB Okays $30mln for Pak LNG Terminal

Image: Port Qasim

 The Asian Development Bank (ADB) has approved a $30 million project loan to Engro Elengy Terminal Private Limited, a special purpose company which will build Pakistan’s first liquefied natural gas (LNG) regasification terminal at the Port Qasim.  


Lithuania Looks to U.S. for Gas

Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation's dependence on Russia. Litgas said on Friday it had signed a memorandum of understanding (MOU) with Delfin LNG


Atlantic Gas Swings Keep LNG Traders Guessing

MILAN, Feb 26 (Reuters) - Atlantic natural gas markets are seeing some of the biggest price swings in years as volatile European trade, freezing U.S. weather and Brazilian demand leave tankers torn over where to sail. The region's gas markets


Latvia's Gas Utility Sales Volumes Fall in 2014

Latvia's gas utility Latvijas Gaze sold 10.9 percent less natural gas imported from Russia in 2014 than a year before, the company said on Wednesday.   Sales fell to 1.3 billion cubic metres (bcm) due to warmer weather and as more gas was switched for woodchips for heating


Russia to Stop Gas to Ukraine Absent Prepayments

The CEO of Russian gas company Gazprom said on Wednesday Russia would stop exporting natural gas to Ukraine unless it received prepayment from Kiev for energy supplies, Interfax reported. Gazprom also said that Ukraine had approximately three days left of prepaid gas deliveries from Russia


LNG Destination Clauses May End: IGU

Destination clauses on contracts for liquefied natural gas (LNG)shipments will soon be a thing of the past because of the shale revolution in the United States, the head of the International Gas Union said in an interview. Japan and other buyers of LNG have long complained that the destination


Southern France Gas Trading Hubs to Merge

The two gas trading hubs in the south of France will merge on April 1, power trading group Powernext said on Tuesday, marking a first step towards a unified French gas platform aimed at preventing the large price swings currently seen in the market.  


MAN Diesel & Turbo Reports ME-GI Milestones

ME-GI engine (Image: MAN Diesel & Turbo)

100 Orders received for ME-GI; second ME-GI engine dispatched by engine builder after successful Factory Acceptance Testing   MAN Diesel & Turbo reports that its ME-GI engine has now received more than 100 orders. FLEX LNG announced on February 2 that two-stroke slow-speed ME-GI main


Sandvik to Present at NACE CORROSION 2015

Sandviks new stainless steel technology (Photo courtesy of Sandvik)

Global technology engineering group Sandvik will present corrosion resistant alloys, including its new Sandvik SAF 3207 (UNS S33207) hyper-duplex stainless steel at NACE CORROSION 2015, the company announced today.    NACE CORROSION 2015


Driving Operational Change with Data-driven Analytics

Photo: Eniram

Reducing costs and improving performance   Real-time reporting and data analysis are key tools to understanding and improving complex operating environments of today’s companies where the overall effects of any individual action can be very difficult to identify without a proper tool


Wikborg Rein & Co: Oil Prices Won't Impact Dual-Fuel LNG Carriers

   Joe McGladdery (Photo courtesy of Wikborg Rein & Co)

Joe McGladdery, a partner with the London law offices of Wikborg Rein & Co, says that, while falling oil prices have exerted pressure on the LNG charter markets, the new generation of low-speed, dual-fuel LNG carriers now in service and on order remain an attractive option for owners and






 
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