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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


Fishing Vessel Sinks Off Alaska

U.S. Coast Guard Sector Juneau personnel are responded to the sinking of the 80-foot fishing vessel Eyak approximately 13 miles south of Sitka Harbor, Monday.   Sector Juneau personnel will monitor the sunken vessel for signs of pollution until the owner can salvage the vessel.  


Bunker Throughput up in Rotterdam Port

The biggest containership of the world – bunkered in Rotterdam

Bunkering rose again for the first time since 2011 in Rotterdam, the biggest bunker port of Europe: 10.6 million tonnes compared to 10.4 in 2013. The whole of the increase is accounted for by marine gas oil and diesel; sales rose from 500,000 to almost 700,000 tonnes


Sanctions Dampen Traffic on Russia's Arctic Route

Photo: U.S. Naval Istitute

Often heralded as new shipping lane, Arctic shipments fall. Western sanctions on Russia are restricting the Arctic shipping route along its north coast to domestic cargoes and energy exports with many foreign firms staying away after test voyages on a fabled short-cut between Europe and Asia


Libya Returns Fuel Tanker to Rival Government

Libya's recognized government has released a tanker forced to dock at a port under its control after originally banning it from delivering fuel to its rival administration, a port official said on Tuesday.   War planes forced the tanker Anwaar Afriqya to sail to Tobruk after it had


Bulk Jupiter Search and Rescue Ongoing

No new crewmembers or debris from the sunken vessel Bulk Jupiter have been detected during the recent search operations, ship’s owner Gearbulk Holding Limited reported.   A fleet of vessels and planes, under direction of the Vietnamese Coast Guard are participating in the operations


Chinese Submarine Dives into Indian Ocean

Chinas submersible Jiaolong

A Chinese submarine has started to search an area of the Indian Ocean for seabed deposits of gold, silver, copper and zinc, in a four-month-long mission.   A Chinese submersible vessel has been conducting its first deep dive in the Indian Ocean in search of rare metals


Turkish Survey Ship Continues Work Off Cyprus, Deepening Standoff

A Turkish research vessel will continue searching for oil and gas off Cyprus, Turkish Cypriot authorities said on Tuesday, extending a simmering standoff between rival sides on the ethnically-split island over offshore gas reserves.  


Divers Continue Hunt for AirAsia Black Boxes

Indonesian search and rescue teams plan to start lifting the crashed AirAsia jet's tail off the sea bed on Friday, officials said, raising hopes that "black box" recorders can be retrieved to reveal the cause of the disaster.  


Search for Missing Hunter Near South Pass

  The Coast Guard, state and local agencies responded to a report of a missing duck hunter in the vicinity of South Pass on the lower Mississippi River, Thursday. Watchstanders at Coast Guard Sector New Orleans received a report of the missing hunter and directed the launch of a Coast


US Navy Using Advanced Equipment in AirAsia Search

The littoral combat ship USS Fort Worth (LCS 3) operates near the location where the tail of AirAsia Flight QZ8501l was discovered. Fort Worth is currently supporting Indonesian-led efforts to locate the downed aircraft. (U.S. Navy photo by P. Turretto Ramos)

An eight-member team from Mobile Diving and Salvage Unit (MDSU) 1 onboard USS Fort Worth (LCS 3) is supporting the ongoing Indonesian-led search effort for AirAsia flight QZ8501 with advanced Tow Fish side scan sonar systems capable of providing high-resolution images of the ocean floor.  


Sweden Admits Second Submarine Hunt near Stockholm

Swedish Armed Force : Navy Pic

 Sweden military has confirmed it held a second “secret” search operation for a foreign submarine in its waters back in October for a suspected underwater intruder in the Stockholm archipelago.  The hunt, not reported until now


Indonesian Ships Retrieves AirAsia Black Box

 Indonesia's Directorate General of Marine Transport says the black box of the doomed AirAsia flight QZ 8501 has been found.    A team of Indonesian navy divers on Monday retrieved one of the two black boxes from an AirAsia plane that crashed in the Java Sea two weeks ago


McMurdo Awarded $6m in SAR Contracts

Awards for next-generation COSPAS-SARSAT search and rescue (SAR) hardware and software systems extend installed base in Americas, Europe and Asia   Techno-Sciences, Inc. (TSi), the recently-acquired company of McMurdo Group, the end-to-end search and rescue (SAR) and maritime domain


US Navy Ships Exit AirAsia Search

Littoral combat ship USS Fort Worth, guided missile destroyer USS Sampson and MH-60R Seahawk from Helicopter Maritime Strike Squadron (HSM) 35 operate together in the Java Sea while supporting the Indonesian-led search effort for AirAsia flight QZ8501. (U.S. Navy photo Brett Cote)

USS Sampson (DDG 102) and USS Fort Worth (LCS 3) concluded their assistance efforts January 15 after contributing more than 650 search hours to the Indonesian-led search effort for AirAsia flight QZ8501, The U.S. Navy reported.   Working in coordination with the Government of Indonesia


Third Fugro Vessel to Join MH370 Search

Fugro Supporter (Photo: Fugro)

An additional Fugro vessel has been commissioned to carry out underwater search activities for missing Malaysia Airlines flight MH370, the company announced.   Multipurpose offshore survey vessel Fugro Supporter is on its way to the Southern Indian Ocean search area






 
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