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Offshore Blocks

India Offshore Blocks Almost Set for Auction

According to a report on www.business-standard.com, the Petroleum Ministry in India is planning to offer up to 80 oil and gas blocks -- perhaps half of them offshore -- in another auction round this August under the New Exploration Licensing Policy (NELP). The report said that in the previous six rounds, 162 oil and gas blocks have been awarded.


India Launches Oil & Gas Auction

Launching a major global initiative for attracting foreign investment in the hydrocarbon sector, India auctioned 55 oil and gas exploration blocks. India offered for sale the onshore and offshore blocks to potential investors, including Brazil's Petrobras, BP (British Petroleum) and Malaysia's Petronas. Of the 55 blocks available for bidding in the new exploration licensing policy - the sixth round (NELP VI), and the coal bed methane - third round (CBM III) of bidding in India


CNODC Acquires Offshore Block

China National Oil and Gas Exploration and Development Corp (CNODC), a unit of China’s CNPC, has acquired the exploration rights to an oil and gas block from Indonesia's PT Waropen Perkasa, one of 10 onshore and offshore oil projects originally tendered by the Indonesian government in June 2004. China's major oil firms -- Sinopec, CNOOC and China National Petroleum Corp, the parent of Hong Kong-listed PetroChina Co Ltd


Bahrain Offshore Exploration - Oxy’s Strategy

Exploration of the offshore blocks in Bahrain are part of Occidental Oil & Gas's (Oxy) goal of expanding its position in the Middle East and North Africa, according to the Oxford Business Group’s (OBG) report: Bahrain 2008. This report is the latest of the firm's annual business publications. Exploration of Blocks 3 and 4 is a joint venture between Occidental Oil & Gas and the Bahrain Petroleum Company (Bapco)Bahrain Petroleum Company (Bapco).


ENI Signs Deal to Expand Oil, Gas Exploration in Congo

Italian oil and gas group Eni said it signed a deal to explore for hydrocarbons in the Republic of Congo's coastal basin, expanding its foothold in sub-Saharan Africa's No. 4 oil producer. At a signing ceremony in capital Brazzaville, new Eni Chief Executive Claudio Descalzi signed the deal for onshore and deep-water exploration acreage with Energy Minister Andre Raphael Loemba, the company said in a statement on Sunday.


Indonesia Offers 26 Oil-and-gas Blocks

According to Thomson Financial, the Indonesian government launched a tender for 26 oil-and-gas blocks to boost the country's oil and gas production. The oil and gas blocks that were offered today include the Bawean II, East Bawean I, Situbondo, and the North East Madura blocks onshore and offshore East Java province, as well as the South Barito (onshore and offshore) and Mahakam Hilir (onshore) blocks on Kalimantan island. [Source: Thomson Financial]


Streamlined Service for the Offshore Sector

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In a business where time is money, Signal Ship Repair’s niche ‘high blocking’ repair methods have significantly reduced repair times and increased shipyard efficiencies. If Signal Ship Repair’s (SSR) primary business can generically be described simply as ship repair and conversion, then it can also be said that its practice of ‘high blocking’ to facilitate faster, and more efficient in-house Z drive repairs is its signature service


Exxon Mobil Plans to Drill Wells in Indonesia

Exxon Mobil plans to drill three exploratory wells in an Indonesian offshore oil block over the next three years, a company official said on Wednesday. Exxon Mobil signed an oil contract with the Indonesian government last month 2,062 sq mile of the offshore Surumana block in the Makassar Straits. The government had said that in the case of Surumana, any oil find would be split 65:35 percent between government and contractor. Meanwhile, any gas find would be split 60:40 percent.


Proposed Notice of Sale Issued for Western Gulf of Mexico OCS Sale 174

The U.S. Department of the Interior's Minerals Management Service (MMS) is making available the Proposed Notice of Sale for Western Gulf of Mexico (GOM) Sale 174. The sale is scheduled for August 25, 1999, in New Orleans. Sale 174 encompasses 3,642 unleased blocks, about 19.81 million acres, in the Western GOM Outer Continental Shelf Planning Area offshore Texas and in deeper waters offshore Louisiana. The blocks are located from nine to 200 miles offshore in water depths ranging from 26 ft


Beaufort Sea Sale 186 Set for September

The Department of the Interior’s Minerals Management Service has issued the Final Notice of Sale for Beaufort Sea OCS Lease Sale 186. The final notice describes the sale area and requirements for protecting the environment. The lease sale is scheduled for September 24, 2003. The Department will offer the entire sale area for lease with the exception of two deferral areas recommended by Alaska Governor Frank Murkowski


BOEM Proposes O&G Lease Sale in Gulf of Mexico

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank today announced that the bureau will offer 40 million acres offshore Louisiana


RH Petrogas’ Gets Green Light on Fuyu 1 Block

The approved ODP allows KRL to operate and drill up to 1,008 wells in Fuyu 1 Block over a course of five years. RH Petrogas Limited, which is engaged in the business of exploration, development and production of oil and gas resources, said that the Group’s Overall Development Plan for the


Crowley Christens New Ocean Class Tugboat

Photo: Crowley

Crowley christens new ocean class, DP2 tugboat, Ocean Sun, in Louisiana As part of the company's new vessel build program, Crowley Maritime Corp. christened the latest of its four tugboats in the ocean class series, Ocean Sun, today in Lake Charles


Statoil Finds More Gas Offshore Tanzania

Statoils Tanzania Operations (image courtesy Statoil)

Norway's Statoil has found more gas offshore Tanzania, increasing its total for an eventual investment decision on a liquefaction plant with Britain's BG Group, which operates neighboring exploration blocks, it said on Tuesday. Statoil found another 1


Woodside's Farm in Agreement for Cameroon

Cameroon

  Woodside has finalised an agreement with Noble Energy and Glencore to farm in to the Tilapia Production Sharing Contract (PSC) off the coast of Cameroon. The 3875 km² block is located within the Douala Basin, offshore southwest Cameroon in water depths ranging from the shoreline to


UK Aircraft Carrier’s Center Blocks Completed

Photo: Cammell Laird

Cammell Laird has completed its first center blocks for a second aircraft carrier set to become the centerpiece of Britain’s military capability. The Birkenhead marine and engineering services company has fabricated and outfitted two blocks for the new Prince of Wales aircraft carrier


Uganda to Auction Oil Blocks

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  Uganda will auction new oil exploration acreage by December and compensate land owners at the site of a planned crude oil refinery, a government official said on Friday. Investor interest in Uganda's hydrocarbons potential has been growing since the east African country discovered


Ivory Coast Seeks Deepwater Oil Investors

(Source: Google Maps)

Ivory Coast will seek investors in its available offshore oil acreage, including seven new ultra-deep water blocks in the Gulf of Guinea, at a promotional event in Texas next week, a senior oil ministry official said on Tuesday. The West African nation will target companies including Exxon Mobil


Cairn's JV Discovers Oil Offshore Senegal

Oil discovered offshore Senegal

Cairn together with its joint venture partners have announced that the FAN-1 exploration well, offshore Senegal, has discovered oil. The well, located in 1,427 metres (m) water depth and approximately 100 kilometres offshore in the Sangomar Deep block, has reached a Target Depth (TD) of 4


McDermott Engineers Created the World’s Largest Specialty Valves

Wojciech Zmudzinski, Chief Pipeline Engineer for McDermott (right) with an INPEX Ichthys Project representative during a valve manufacturing inspection at a factory in Italy.

 After nearly two years of planning and development McDermott's team has achieved a first of a kind in the valve industry; creating the world’s largest forged body specialty valve, in collaboration with a valve manufacturer. The valves are destined for the INPEX-operated Ichthys LNG


Kosmos to Buy into Senegal Offshore Blocks for $400 mln

Senegal Offshore Blocks

  Kosmos Energy is set to sign a $400 million "farm-in" agreement with Senegal's state-owned hydrocarbon firm Petrosen and Timis Corp to take a 60 percent stake in the Cayar and St. Louis offshore blocks that they operate, a draft Petrosen document seen by Reuters on Saturday showed


Offshore Senegal Deal Looms for Petrosen

Cayar and St. Louis offshore blocks

Senegal's state owned hydrocarbon firm Petrosen is set to sign a $400 million "farm-in" agreement with Kosmos Energy and Timis Corp regarding its Cayar and St. Louis offshore blocks, a draft document seen by Reuters on Saturday showed.


New Propulsion Couplings to Launch at Workboat

Image: Renold Hi-Tec Couplings

Renold Hi-Tec Couplings, of Halifax, U.K., will debut a new range of high temperature, marine propulsion rubber-in-compression couplings on booth 3809 at the International Workboat Show in New Orleans from December 3-5, 2014. The new HTB-MP range is a second generation of couplings based on the


1923 Schooner Replica Completes Sailing Trials

Photo courtesy of Eastern Shipbuilding Group, Inc.

Eastern Shipbuilding Group, Inc. (ESG) announced that the Columbia (ESG Hull 981) a steel hull exact replica of the historic Gloucester Fishing Schooner, has completed her sailing trials. The sailing trials were held on September 18, 2014 directly offshore of the beaches of Panama City, Florida


Meyer Werft Keel Laying for 'Norwegian Escape'

Coin laying: Photo courtesy of Meyer Werft

Norwegian Cruise Line executives and officials from the German shipbuilder MEYER WERFT took part in the keel-laying ceremony of the new cruise ship 'Norwegian Escape' in a traditional ceremony at the shipyard. During the official ceremony, block number 35/41






 
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