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
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
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.
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
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)
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.
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
Brazil's state oil giant, Petrobras, signed a letter of intent with Cuba on technological exchange as part of a strategy aimed at returning to the island in search for crude. Petrobras President Jose Eduardo Dutra said his company was studying at least one block that should be offered on a concession basis by the Cuban government.
Lamprell, provider of diversified engineering & contracting services to the onshore and offshore oil & gas industries makes sweeping Board changes. Nigel McCue is standing down as Chief Executive and as a director of the Company. Peter Whitbread, former Chief Executive who was with Lamprell from 1992 until 2009, has been appointed as Interim Chief Executive and will join the Board with immediate effect.
The U.S. Coast Guard Research and Development Center (RDC) plans to test and evaluate oil spill detection and recovery technologies in the Arctic Ocean as part of Operation Arctic Shield 2013. A multi-agency team of engineers and scientists led by RDC researchers will conduct a series of demonstrations in September 2013 aboard Coast Guard Cutter Healy to test and evaluate capabilities of various unmanned aerial systems (UAS)
Vietnam sends helicopters to check "yellow object", possible plane life raft - minister. Vietnam has scrambled rescue helicopters to check a "yellow object" floating in its waters that rescue teams suspect could be a life raft from a Malaysian plane that went missing with
Ships from six navies, dozens of military aircraft, sweeps with radar technology that can spot a soccer ball from hundreds of feet in the air - all have failed to find a single confirmed trace of a Malaysia Airlines plane that vanished three days ago.
Arleigh Burke-class guided-missile destroyer USS Kidd (DDG 100) has joined USS Pinckney (DDG 91) in the search for the missing Malaysia Airlines flight MH370, which remains anaccounted for, three days after it lost contact with air traffic control.
The U.S. Coast Guard (USCG) said it is seeking the public’s assistance after receiving a report of an unmanned adrift, black and grey inflatable dinghy offshore approximately two and a half miles west of Kaanapali, Maui, Monday. The passenger ferry Molokai Princess reported the dinghy
The organizers of the Oil & Gas Exhibition & Conference (AOG) say that the demand for labour is so high that by 2018 the oil and gas workforce is expected to increase by 57 percent, according to the Australian Workforce and Productivity Agency
The U.S. Coast Guard (USCG) formally recognized the crew of an education vessel at a ceremony Wednesday at Coast Guard Air Station Detroit, located at Selfridge Air National Guard Base, Mich., for saving two people when they responded to a mayday call in the Detroit River on Aug. 11, 2013.
A U.S. Coast Guard (USCG) Air Station Kodiak MH-60 Jayhawk helicopter crew, forward deployed in Cold Bay, medevaced a mariner from the 680-foot fish processing vessel Ocean Phoenix 85 miles northwest of Cold Bay, Tuesday, the USCG reported.
The U.S. Coast Guard and Virginia Port Authority will host a five-day search and rescue forum starting Monday, focusing on topics including maritime search and rescue training, exercises and classroom discussion with numerous state and local law enforcement agency first responders in attendance
Maersk Training announced the launch of two new offshore emergency courses: the OPITO Helideck Emergency Response Team Member Training and the OPITO 6 Day Combined Helideck and Team Member Training. These two OPITO Accredited courses will kick start this month at the company’s training
The Liberian Registry has launched a mobile app to enable owners, managers, operators and others to communicate and interact with the registry on a round-the-clock basis. The FlagState App builds on Liberia’s commitment to provide innovative technology and services to its clients, who own
Private maritime security provider AdvanFort announced that it will commence a restructuring program to implement rigid quality control for its PCASPs, meant to ensure that the company complies fully with all regulations in the maritime security industry.
Los Angeles Mayor Eric Garcetti announced the launch of a global executive search to fill the the top post at the Port of Los Angeles. Under Mayor Garcetti’s direction, the Los Angeles Board of Harbor Commissioners established an ad hoc search committee to oversee the process
The US Coast Guard inform that search and rescue personnel at the District Seven Command Center in Miami are coordinating fire-fighting efforts on a towed 730-foot barge loaded with containers on fire about 86-miles northeast of Nassau, Bahamas.
The Philippine Coast Guard reported that three Filipino and three foreign nationals were rescued by the after their speedboat encountered engine trouble on the waters of Barangay Bitaogon, Surigao City, March 4. The passengers, of Filipino, Canadian and Swedish nationalities
A Vietnamese official news agency report informs that Singaporean vessels searching for the missing Malaysia Airlines passenger plane have found debris or floating objects of some kind, located 100 km southwest of Tho Chu Island in the South China Sea