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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


UAE-based Lamprell Leadership Shake-up

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.


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


Information Sharing to Fight Piracy and Illegal Fishing in Ghana

Photo credit: International Maritime Organization

 International Maritime Organization (IMO)'s Chris Trelawny has visited the Maritime Trade Information Sharing Centre (MTISC-GoG), located in the Regional Maritime University of Accra, Ghana.    The multinational centre provides advice and information to merchant shipping


Brazilian Police to Probe Nuclear Submarine Program

Brazilian federal police are investigating potential irregularities in a military program that aims to build a nuclear-powered submarine in partnership with France by 2023, newspaper Folha de S. Paulo reported on Wednesday. Folha said police searched for documents that could prove their


USCG Investigates Oil Slick off California Coast

The U.S. Coast Guard was investigating a large oil sheen off the California coast west of Santa Barbara on Wednesday, a spokeswoman for the agency said.   The slick, which was about 60 feet (18 meters) wide, was spotted about 1,000 yards (meters) offshore from Goleta State Beach west of


Missing Person Rescued Near Brackettville

Border Patrol Agents, CBP Office of Air and Marine Rescue Missing Person Near Brackettville

  On July 31, Border Patrol Search Trauma and Rescue (BORSTAR) agents and CBP Office of Air and Marine rescued a man who was reported missing the previous morning. “Beyond our daily enforcement duties, we also have a responsibility to assist those in distress and our local


Thousands Rescued At Sea Near Libya

Around 2,700 migrants were rescued from 13 boats near the coast of Libya on Wednesday, Italy's coastguard said.   A German navy vessel and a search and rescue ship deployed by medical charity Medecins Sans Frontieres participated in the rescues along with the Italian navy and coastguard.


Russia, US Agree on Arctic Fishing Ban

Photo: NOAA

Five nations set moratorium on fishing near North Pole; no fish there now, but thaw is drawing stocks north. The United States, Russia and other Arctic nations signed an agreement deal on Thursday to bar their fishing fleets from fast-thawing seas around the North Pole


First Iranian Ship Storing Oil Sails for Asia After Nuclear Deal

An Iranian supertanker with two million barrels of oil is heading to Asia after sitting in Iranian waters for months, the first vessel storing crude offshore to sail after a nuclear deal this week, data showed on Thursday.   Iran and six major world powers reached a landmark nuclear deal on


NNPC Bans 113 Oil Tankers from Nigerian Waters

Nigeria's state oil company NNPC has banned 113 oil tankers from the country's waters, citing a directive from President Muhammadu Buhari, in what traders said could be part of efforts to crack down on illegal crude oil trading. The vessels, which include mainly VLCC crude oil tankers


Mariner Missing from Capsized Towboat

The U.S. Coast Guard is responding to the report of a missing person and capsized vessel in the Upper Mississippi River, Monday.   Watchstanders at Coast Guard Sector Upper Mississippi River received the report Sunday at approximately 7:30 p


Commandant Discusses Coast Guard’s Role in the Arctic

Coast Guard Cutter Healy patrols the Arctic Ocean during a Coast Guard Research and Development Center joint civil and federal search and rescue exercise near Oliktok Point, Alaska, July 13, 2015. The Healy is a 420-foot icebreaker homeported in Seattle. (USCG photo by Grant DeVuyst)

U.S. Coast Guard Commandant, Adm. Paul Zukunft presented at last week’s 6th Symposium on the Impacts of an Ice-Diminishing Arctic on Naval and Maritime Operations in Washington, DC. Summarizing Adm. Zukunft’s speech, Maritime Commons has provided highlights of the


Iran: Condensate, Fuel Oil Stored Afloat

Iran says it is storing condensate and fuel oil, not crude; some traders believe crude is being stored. As traders speculate over what type of oil is being kept by Iran in floating storage, two Iranian oil officials said on Thursday that the oil was condensate and fuel oil.


Iranian Officials Say Condensate and Fuel Oil on Ships

As traders speculate over what type of oil is being kept by Iran in floating storage, two Iranian oil officials said on Thursday that the oil was condensate and fuel oil.   The millions of barrels on ships could be delivered quickly to Iran's customers once sanctions are lifted and some


Nile Collision Death Toll Rises to 31

The death toll from a boat collision on Egypt's Nile river Wednesday has risen to 31, a ministry of health spokesperson told Reuters on Friday. The accident occurred on the Nile near Giza, across the river from Cairo, when a barge collided with and overturned a small recreational boat carrying


Search on for Two in Waters near Halona Blowhole

Search for two missing persons

  The Coast Guard is searching for two men swept out to sea near Halona Blowhole Lookout, Saturday. A 45-foot Response Boat-Medium crew from Coast Guard Station Honolulu, an MH-65 Dolphin helicopter crew from Air Station Barbers Point and the crew of Coast Guard Cutter Kittiwake


Chinese Navy Plays Down S. China Sea Exercises

Naval Ensign of the Peoples Republic of China

  The Chinese navy played down recent military drills in the South China Sea and criticised other countries for "illegally" occupying islands in the area, the official Xinhua news service reported on Saturday. China has launched a naval drill in waters to the east of Hainan






 
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