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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.


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


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.


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.


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


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


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

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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


MEPC Approves Draft Polar Code

Photo: IMO

Draft Polar Code approved by IMO’s Marine Environment Protection Committee A key step on the way to a mandatory Polar Code for ships operating in Arctic and Antarctic waters has been reached with the approval by the Marine Environment Protection Committee (MEPC) of the International


Coast Guard Foundation to Honor USCG in Miami

Admiral Thad Allen, 23rd Commandant, U.S. Coast Guard (Ret.)

The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced today that its annual Tribute to the United States Coast Guard Seventh District will take place on November 13 at the Marriott Biscayne Bay in Miami


AMSA Rescues 2 East of Darwin After Boat Sinks

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  The Australian Maritime Safety Authority (AMSA) coordinated the rescue of two men early this morning East of Darwin. About 4.30am AEDT this morning, AMSA detected an unregistered distress beacon 166km east of Darwin near the Alligator Rivers region in Arnhem Land.


Virtual AIS Beacons Employed in MH370 Search

Image courtesy of Vesper Marine

Vesper Marine, a manufacturer of marine safety products and virtual Aids to Navigation (ATON), announced that its Virtual AIS Beacons are employed in the search for lost Malaysian airliner MH370 in the southern Indian Ocean. The international search team is a closely coordinated effort between


Canada’s New Patrol Vessel Christened

CCGS Caporal Kaeble V.C. (Source: Canadian Coast Guard)

Entry into service of Canadian Coast Guard's new mid-shore patrol vessel, the CCGS Caporal Kaeble V.C., was inaugurated by The Honorable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of


NOAA Orders Newbuild Navigation Response Boats

NRT5 surveys the Potomac River

NOAA today announced that Lake Assault Boats of Superior, Wisconsin, will build two small vessels for the Office of Coast Survey's navigation response program, part of a plan to eventually replace all six of the program's small survey boats. The combined cost of both 28-foot vessels is $538,200


SAR Underway for 300 Stranded at Sea

A search and rescue operation was underway off Cyprus on Thursday for 300 people stranded at sea who authorities suspect may be refugees from Syria. Authorities said they received a distress signal early on Thursday morning from a small vessel sailing some 50 nautical miles (92 km) south-west


Recipitents of Australian Search and Rescue Awards

(Search and Rescue)

  Five Tasmania Police officers will be recognised for their outstanding contribution to search and rescue tonight at this year’s Australian Search and Rescue Awards in Sydney. Since 1996, the National Search and Rescue Council


Search & Rescue Ops for Missing Aircrew Abandoned

An MV-22 Osprey attached to Marine Medium Tiltrotor Squadron (VMM) 163 (Reinforced) launches from the flight deck of amphibious assault ship USS Makin Island (LHD 8).

  U.S. forces in the North Arabian Gulf concluded a search and rescue operation for a missing U.S. Marine Corps aircrew member today at 3:00 p.m. (GMT), after efforts to locate him were unsuccessful. The Marine is presumed lost at sea.


Discovered Franklin Expedition Ship is HMS Erebus

HMS Erebus (Image: Parks Canada)

The Franklin Expedition ship discovered in early September by the 2014 Victoria Strait Expedition is Her Majesty’s Ship (HMS) Erebus. Sir John Franklin, who was in command of the Franklin Expedition, sailed on HMS Erebus, Canadian Prime Minister Stephen Harper announced Wednesday.


USCG & Mariners Rescue 3 in Eastern Pacific

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  The Coast Guard and commercial mariners rescued three people who were reported overdue on a skiff near the Chuuk Atoll, Thursday. The motor vessel, Nord Venus located the three male survivors approximately 23 miles north of Chuuk.


USCG & Fishermen save Sinking Boat

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  A Coast Guard search and rescue team and a local fishing crew worked together Saturday to save a fishing boat from sinking near Great Wass Island, Maine. Watchstanders at the Sector Northern New England Command Center in Portland


Statoil’s President & CEO Helge Lund Resigns

Helge Lund assumed the role as President and CEO of Statoil on 16 August 2004.

Statoil President and CEO Helge Lund has informed the company's board of directors that he will resign. Helge Lund has chosen to leave Statoil to take up the position as CEO of another international oil and gas company. The board of directors has appointed Eldar Sætre as acting president


USCG Search For Boater Missing 50 miles South St Marks, Florida

US Coast Guard

  The Coast Guard is searching for a missing boater 50-miles south of St. Marks, Florida, Sunday. Missing is George Taylor, 60, from Tallahassee, Florida, who was reportedly sailing his 27-foot Catalina sailboat from St. Marks to Carrabelle Florida.


Falmouth CGOC Joins National Network

Falmouth Coastguard Operations Center (CGOC) will become part of the new Coastguard national network for the first time this week. Work has been carried out at the search and rescue coordination center at Pendennis Point, upgrading the technology and introducing new systems






 
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