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Oil Search Expects LNG Project Agreement by Year End

Oil Search Ltd., Papua New Guinea's biggest oil producer, expects to reach agreements with the government and partners by the year-end allowing a decision to start designing a $10b liquefied natural gas project. The economic viability of the Exxon Mobil Corp.-led LNG project has been ``fully tested'' and talks are underway with the government on fiscal terms, Port Moresby-based Oil Search said in a presentation lodged with the Australian Stock Exchange, according to a Bloomberg report. Oil Search may own between 28 percent and 32 percent of the venture, once the state and landowners take up stakes. The group is studying tapping gas from the Hides, Angore, Juha fields and nearby areas in the Highlands of Papua New Guinea to feed a 6.3 million metric tons-a-year LNG plant, targeting the start of deliveries in 2013. Santos Ltd., AGL Energy Ltd. and Japan PNG Petroleum have stakes in the venture. Oil Search reiterated a forecast for production of between 9.5 million and 10 million barrels of oil equivalent this year, down from 10.2 million in 2006. Field and corporate costs are expected to be ``slightly'' higher in the second half than in the first, it said. Exploration spending is set to be at the upper end of the $230m to $240m range forecast in August, while spending on development will probably be ``a little lower'' than $100m, the company reportedly said


First PNG LNG Cargo Shipped by Exxon Mobil

LNG carrier: File photo

Exxon Mobil Corporatio says it has shipped the first cargo of liquefied natural gas (LNG) from the $19 billion PNG (Papua New Guinea) LNG project ahead of schedule. PNG LNG, operated by ExxonMobil affiliate ExxonMobil PNG Limited, is expected to produce more than 9 trillion cubic feet of gas over its estimated 30 years of operations. The first cargo is bound for LNG customer Tokyo Electric Power Co. Inc. (TEPCO) in Japan.


Baker Hughes Rig Count Down 7

The number of rigs searching for oil and natural gas in the United States fell by seven to 1,225 during the week ending May 18, according to oil services firm Baker Hughes. Last year the number of U.S. rigs was 841, Baker Hughes said. Meanwhile, the number of rigs exploring for oil and gas in Canada gained 24, compared to 182 last year. The number of rigs in the U.S. Gulf of Mexico fell by four to 160, compared to 135 a year ago.


U.S. Gas Rigs Up 28

The number of U.S. rigs searching for natural gas in the U.S. rose by 28 to 764, an all-time record high, while the number of rigs searching for oil fell by three to 210 during the week ending July 28, according to oil services firm Baker Hughes Inc. The number of rigs exploring for oil and gas in the United States rose by 25 to 975, compared with 602 active rigs in the U.S. in the year ago period. In Canada, the number of rigs searching for oil and gas rose 13 to 319


CNOOC Searches for Oil in U.S.

According to a report from the Associated Press, China's state-owned offshore oil and gas company is intensifying its search for oil in the western United States.  CNOOC Ltd. announced it will pay $570m for a one-third stake in Chesapeake Energy Corp.'s drilling project in an emerging oil field in northeast Colorado and southeast Wyoming. (Source: AP)  


US Rig Count Hits 25-Year High

Tally of oil-directed rigs shows increase In its weekly release, Houston-based oiilfield services company BHI reported a record rise in the number of rigs searching for oil and gas. The Baker Hughes North American Rotary Rig Count is a weekly census of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States and Canada.


Coast Guard Ends 2 Searches in Gulf

The Coast Guard ended two searches today in the Gulf of Mexico off the Texas and Louisiana coasts after thorough searches turned up no results. In the first case, the Coast Guard called off the search for a missing swimmer in San Luis Pass near Freeport, Texas. The 17-year-old Hispanic male is missing after swimming in San Luis Pass Tuesday evening. The Galveston Police Department notified the Coast Guard of the missing swimmer about 8:40 p.m. Tuesday


Maritime Exercise Held in China

China's largest ever maritime search-and-rescue exercise, involving 400 people, 28 fleets, two helicopters and an aircraft, was carried out on Thursday in the waters near Dalian Port, northeast China's Liaoning Province. The exercise started when a collision between a passenger ferry and a cargo boat was reported and the National Maritime Rescue Emergency Plan was enacted immediately. The main elements of the exercise, including the rescue of 368 passengers and dozens of sailors


Divers Search Sunken Iraqi Oil Tanker

Sterling Global Operations diver preparing to descend to wreck of VLCC Amuriyah to check for unexploded ordnance. (Photo: Sterling Global Operations)

Sterling Global Operations (SGO) has been chosen to provide surface - supplied divers for unexploded ordnance search and removal and salvage operations for the sunken 82,000-ton Very Large Crude Carrier (VLCC) Amuriyah, an Iraqi tanker sunk near Bubiyan Island off the coast of Kuwait in Jan. 1991 during Operation Desert Storm. Special Diving Services (SDS) Holland hired SGO for this project. "For years SGO has conducted major demining and unexploded ordnance clearance projects in


Exxon's $19 Bln PNG Plant could change country's fortune

Image

ExxonMobil's $19 billion liquefied natural gas (LNG) project in Papua New Guinea, which is shipping its first cargo, is set to dramatically transform one of Asia-Pacific's most unstable countries, for better or for worse. The LNG venture, which is expected to produce more than 9 trillion cubic feet of gas over 30 years, is the largest private investment in the South Pacific nation's history. ExxonMobil is relying on projects like this one for much-needed production growth


Crewman Overboard Near Texas

Authorities searching for an overboard sailor 10 miles off Sabine Pass, Texas   The U.S. Coast Guard (USCG) and the crew of a nearby ship are searching for a crewman who fell overboard while painting the side of a bulk carrier at anchor about 10 miles off Sabine Pass, Texas, Saturday.


Servowatch Systems Equips KNRM Ship of the Year

Servowatch Systems has supplied an array of integrated technologies to the KNRM Nh1816 (Photo: Damen)

Servowatch Systems chief executive officer Wayne Ross has praised the Royal Netherlands Sea Rescue Institution (KNRM) for winning the KNVTS Ship of the Year Award for its new search and rescue boat, Nh1816. “We are proud to have been associated with this revolutionary vessel,” said Ross


Korean Fishing Vessel Sinks, 26 Still Missing

USCG photo by Dale Arnould

U.S. Coast Guard (USCG) search and rescue crews were relieved by Republic of Korea assets on Saturday in their search for 26 crewmembers from the fishing vessel 501 Oryong that capsized Nov. 30, 2014, near Chukotka, Russia, in the Bering Sea.  


USCG Provides SAR Planning Support to Korea

The crews of the Coast Guard Cutter Alex Haley and Republic of Korea vessel Sam-Bong conduct a search in the Bering Sea near Chukotka, Russia, as a Republic of Korea Navy P-3 Orion airplane flies overhead

  Coast Guard search and rescue crews were relieved by Republic of Korea assets on Saturday in their search for 26 crewmembers from the fishing vessel 501 Oryong that capsized Nov. 30, 2014, near Chukotka, Russia, in the Bering Sea.


USCG Medevacs 80 Yr-Old Near Lake Michigan

Crew members from Coast Guard Air Station Traverse City, Mich., transfer an ill man from an MH-65C Dolphin helicopter to emergency medical services at the air station Sunday, Nov. 23, 2014. The man was medically evacuated from Beaver Island in Lake Michigan after suffering from signs of a stroke.

  A Coast Guard aircrew medically evacuated an 80-year-old man off Beaver Island in Lake Michigan Sunday night. The man’s name is not being released. At 5:40 p.m., emergency medical personnel on Beaver Island contacted a search and rescue coordinator at the Coast Guard Ninth


China Defies U.S. Plea for Restraint in South China Sea

China on Monday hit back at "irresponsible remarks" from the United States which has called on Beijing to stop a land reclamation project in the disputed South China Sea that could be large enough to accommodate an airstrip. China lays claim to almost all of the entire South China Sea


Migrant Rescue Draws Budget Concerns in the Mediterranean

Italian coastguard vessels rescue people on the Mediterranean (Photo: United Nations)

Seafarers’ Rights International (SRI) has raised concerns about the implications for masters of the recent reports of the launch of the new EU Frontex operation Triton which will apparently have a reduced budget and focus on border control in place of the Italian Mare Nostrum that is


Vietnam Warship Visits Underscore Regional Tension

Vietnam on Tuesday showed off its two most powerful warships in the first-ever port call to the Philippines but an official said it was not trying to challenge China's superior naval forces amid tension in the South China Sea. Hanoi invited the diplomatic community to its Russian-built


USCG Suspend Search for Crabber Near Anacortes, Wash.

  The Coast Guard has suspended the search for a crabber reported overdue near Anacortes, Wednesday. Dean Harvey, 48, of Bremerton, remains missing. Search crews spent 24 hours completing a total of 24 searches that covered a 909 square mile area with no signs of Harvey.


Experience Counts in the Arctic

Tulugaq DA42.jpg

Edison Chouest’s Fairweather, LLC lessens Arctic risk while increasing efficiencies in a challenging environment. As interest in offshore commerce in the Arctic increases, key components of any successful operation in this theatre include logistics, assets, and of course


Solo Kayaker Rescued East of Coffs Harbor

On Search and Rescue mission

The Australian Maritime Safety Authority (AMSA) has coordinated the search and rescue of a solo kayaker off northern New South Wales. AMSA Search and Rescue officers were contacted by the International Emergency Response Centre in the United States about 10


Spain Abandons Search for Migrants at Sea

Spanish rescue teams said they had called off their search for more than 20 migrants who fell off their boat into the Mediterranean on Friday. Around 30 others, including a pregnant woman and eight children, were rescued after the vessel got into trouble south of Almeria


ICS Publishes Chemical Tanker Safety Guide

ICS Secretary General, Peter Hinchliffe

A fully updated edition of the definitive industry guidance on the safe operation of chemical tankers has just been published by the shipping industry’s global trade association, the International Chamber of Shipping (ICS).   The new edition of the ICS Tanker Safety Guide (Chemicals)


USS Paul Hamilton Rescues Mariner

Sailors assigned to the Arleigh Burke-class guided-missile destroyer USS Paul Hamilton (DDG 60) rescue stranded mariner, Ron Ingraham, aboard his vessel Malia. Ingraham was stranded at sea without food or water since Nov. 2

Arleigh Burke-class guided-missile destroyer USS Paul Hamilton (DDG 60) rescued a stranded mariner Dec. 9 while operating south of the Hawaiian Islands. Paul Hamilton Sailors rendered assistance to Ron Ingraham after receiving a distress call from U.S. Coast Guard District 14's Honolulu Sector


Nicaragua Searches for 26 Fishermen after Shipwreck

Nicaragua's navy said on Thursday it was searching for 26 fishermen whose boat was shipwrecked off the Central American nation's Caribbean coast due to heavy swells earlier this week.   A military spokesman said 24 of the 50 passengers had been rescued or found alive after the incident






 
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