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Spirit Energy

Spirit Energy Partners To Acquire Assets of Tana Oil and Gas

Unocal Corporation's Spirit Energy 76 unit announced its Spirit Energy Partners, L.P., affiliate has agreed to acquire substantially all the Gulf of Mexico shelf assets of Tana Oil and Gas Corporation. The Tana acquisition includes interests in 12 proven properties and nine offshore platforms. The purchase price was not disclosed. Tana has an estimated net risked resource potential of more than 18 million barrels of oil equivalent (MMBOE), including more than 10 MMBOE in proved reserves. Estimated average annual production for 2000 is more than 10,000 BOE per day. "The acquisition of the Tana assets will provide the opportunity to enhance Spirit Energy's position in areas where we already possess a strong foothold and enjoy highly profitable operations," said John T. Donohue, president of Spirit Energy 76. "These assets can be integrated immediately into our portfolio." The transaction became effective Oct. 1, 1999. Closing is expected February 3, 2000. A majority of the purchase price will be financed by Spirit Energy Partners, an entity formed by Unocal and The Northwestern Mutual Life Insurance Company to acquire producing properties in existing areas of operation. Unocal's 50-percent interest will be accounted for on an equity basis.


Unocal Announces Deepwater Gulf of Mexico Discovery

discovery on the Mad Dog prospect in the Gulf of Mexico deepwater Green Canyon block 826. The well encountered 300 net ft. of hydrocarbons, primarily crude oil. Spirit Energy holds a 25-percent interest in the 2.5-block drilling unit encompassing most of the Mad Dog structure. Based on the available data, the company believes its net resource potential for the Mad Dog drilling unit is likely in excess of 100 million boe and possibly as high as 200 million boe.


Spirit Energy 76 Says Mad Dog Appraisal Well Successful

Unocal Corporation's Spirit Energy 76 unit said the appraisal well drilled on the Mad Dog prospect in Green Canyon block 782 encountered 250 ft. of oil pay in zones that appear to correspond to those penetrated by the discovery well. The appraisal well was drilled to a measured depth of 20,268 ft. about two miles north of the discovery well. A sidetrack to the main appraisal well was drilled to 21,560 ft., and the results are under evaluation.


BC Ferries’ Vessel to Undergo $13M Upgrade

The Spirit of Vancouver Island will be removed from service on the Swartz Bay to Tsawwassen route for its annual refit and a major passenger services upgrade on Tuesday, January 3, 2006. Similar to the 2005 upgrade of the Spirit of British Columbia, the Spirit of Vancouver Island will see all the interior passenger areas completely renovated. Among the improvements to the 1994 vessel will be an upgraded cafeteria, a redesigned buffet, renovated washrooms, new seating


Round Table Meeting in Beijing

In connection with a recent Shipping Industry meeting in Beijing the four Chairmen of the Round Table of international shipping associations (RT) which comprises BIMCO, ICS, Intercargo and Intertanko, met to discuss issues of common interest including piracy, the plight of the “Hebei Spirit” officers and practical measures to reduce Greenhouse Gas emissions from ships. The state of lawlessness and recent escalation of piracy attacks in the Gulf of Aden is of enormous concern to


Teekay Offshore Acquires FPSO & New Shuttle Tanker

Teekay Offshore Partners L.P. (NYSE:TOO) announced that is has completed the acquisition of the Cidade de Rio das Ostras floating production storage and offloading (FPSO) unit from Teekay Corporation (NYSE:TK) for a purchase price of approximately $158m. The partnership also announced that its 51 percent-owned subsidiary, Teekay Offshore Operating L.P. (OPCO), has acquired the newbuilding shuttle tanker, the Amundsen Spirit


STEALTHGAS Takes Delivery of Acquired Vessels

STEALTHGAS Inc. announced has taken delivery of Feisty Gas and Gas Spirit, vessels which it had previously agreed to acquire. Feisty Gas is a Fully-Pressurized (F.P.) LPG carrier built in Japan in 2001 with a capacity of 4,250 cubic meters (cbm). It will be deployed under an existing time charter to an oil major at a rate of $199,000 per calendar month until August 2006. Gas Spirit is a Fully-Pressurized (F.P.) LPG carrier built in Japan in 2001 with a capacity of 4


Tasmanian Ferry Docks for Final Time

The Spirit of Tasmania III has docked in Devonport for the final time. The Sydney-to-Devonport ferry made a low-key entrance to northern Tasmania on Monday, almost two months after its sale to Mediterranean operator Corsica Ferries. Spirit III's final voyage lacked the fanfare of its launch in January 2004, when it was billed as a tourism boon to the island state. Tasmanian Premier Paul Lennon announced the ferry's sale in June, saying the loss-making vessel was no longer viable.


Carnival Cruise Lines Takes Delivery of Carnival Spirit

Carnival Cruise Lines, a unit of Carnival received its newest fun ship – the $375 million, 88,500-ton Carnival Spirit, during the traditional "hand-over" ceremony at the Kvaerner Masa-Yards in Helsinki, Finland, where the 2,124-passenger vessel was built. The Carnival Spirit, the 15th vessel in the company’s fleet and the first in a new class of ship for the line, will depart Helsinki Thursday, April 12 on its transatlantic crossing and is expected to arrive Miami on Tuesday, April 24.


New Research Vessel Taps Hybrid Power

Photo courtesy of Corvus Energy

Battery hybrid provides clean, quiet, fuel‐efficient research platform on Long Island Sound.     Corvus Energy, Northern Lights and BAE systems now power Spirit of the Sound, a floating marine education classroom and research vessel. The vessel, a 65‐foot catamaran, will operate in Long Island Sound for The Norwalk Aquarium in Connecticut.    The Corvus Energy lithium battery will provide the high-density energy storage for propulsion and house loads


Studies Show U.S. Offshore’s Untapped Potential

It is estimated that oil & gas development in the Eastern Gulf of Mexico could create 230,000 new jobs, spurring nearly $115 billion in private sector spending and nearly $70 billion in revenue for the government.

  While short-term news emanating from the global energy sector was universally negative in the waning months of 2014 as the price per barrel continued to plummet below $60, the inevitable truth of oil & gas is that prices will rise again


Coast Guard Academy Cadet to Receive Fulbright Scholarship

Stephen Horvath (USCG photo)

Stephen Horvath, a first class cadet at the U.S. Coast Guard Academy, was recently granted a two-year Fulbright Scholarship to study renewable energy technologies in Finland during the 2015-2016 academic year and the 2016-2017 academic year.  


MOL’s Coal Carrier for Tokyo Electric Power

Coal carrier Hakutaka

  Mitsui O.S.K. Lines, Ltd. today announced that the coal carrier Hakutaka, which will serve Tokyo Electric Power Company, Inc. was delivered at Mizushima Shipyard of Sanoyas Shipbuilding Corporation on March 26, 2015. The vessel jointly developed by Sanoyas Shipyard and MOL


Russia May Allow More Firms to Offshore Oil

Russia may allow more oil companies to access its offshore projects, Energy Minister Alexander Novak said on Friday.   "In general, the access can be extended," Novak told reporters in Moscow.   An existing law stipulates that only state energy majors Rosneft and Gazprom


ABB to Power Tallink's LNG Ferry

Photo courtesy of Tallnik

ABB has won an order to deliver complete electric power plant, electrical propulsion systems and an energy management solution for Estonia-based Tallink Grupp´s new liquefied natural gas (LNG) powered fast ferry. The large-scale ferry will be built at Meyer Turku shipyard in Finland for


Belgium's Mega Wind Farm Starts to Take Shape

foundation of a wind turbinenearTabak natie

  Belgium, in the Antwerp port area on the left bank of the Scheldt. In the first phase 15 wind turbines will be erected, enough to supply 35,000 Flemish households with green electricity. The ultimate ambition is to build anything from 40 to 50 turbines


Indonesia Awards Oil Blocks to Shell, Petronas, Pertamina

Indonesia's state-owned Pertamina, Royal Dutch Shell, and Malaysia's Petronas  were among the companies awarded 11 Indonesian oil and gas blocks last year, government officials said on Wednesday. Indonesia offered a total of 16 conventional and unconventional oil and gas blocks last year


Dept. of the Interior Raises $539M in Gulf Lease Sale

   Sally Jewell, Secretary of the Interior (Dept. of the Interior photo by Tami Heilemann)

  The U.S. Department of the Interior sold leases on oil and gas properties in the Gulf of Mexico today, receiving $538.7 million in high bids.   The U.S. Department of the Interior's Bureau of Ocean Management (BOEM) took bids for 169 tracts on the U.S


Transocean Issues Monthly Fleet Update Summary

  Transocean Ltd today issued a monthly Fleet Update Summary, which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since the February 17, 2015 Fleet Update Summary


BOEM Receives Lease Requests for HI Floating Wind Projects

 A map of the proposed northwest project area (Image courtesy of BOEM)

  The Bureau of Ocean Energy Management (BOEM) has announced that it has received two unsolicited lease requests for proposed floating wind projects offshore Oahu, Hawaii.   The requests are now available on the BOEM website.  


Kongsberg Technology for Pioneering Spirit

Photo courtesy of Allseas

Following its inauguration ceremony in Rotterdam on February 27, 2015, Allseas’ Pioneering Spirit will start its first job offshore Norway this summer with an integrated Dynamic Positioning (DP) and manoeuvring system based on state-of-the art Kongsberg Maritime technology


Sempra Energy Plans Port Arthur LNG project

Image: Cameron LNG (Sempra LNG)

 Sempra Energy’s subsidiary, Port Arthur LNG, has requested that the US Federal Energy Regulatory Commission (FERC) initiate the pre-filing review for the company’s proposed liquefaction and export facility in Port Arthur, Texas.  


Norway Supports Statoil, Rosneft JV

Photo pixabay.com

  Norwegian authorities have given the Stavanger-based energy giant Statoil the go-ahead on joint projects with Rosneft, a Russian oil titan that was the target of Western sanctions in 2014. Statoil and Rosneft previously agreed on four projects to explore and produce oil on the Russian


Linn, Quantum Energy Tie Up to Buy Oil and Gas Assets

Private equity firm Quantum Energy Partners will invest up to $1 billion in a new entity for acquisition and development of oil and gas assets that will be managed by Linn Energy LLC. Linn will be able to take a 15-50 percent direct working interest in the acquired assets


BOEM Issues Offshore Wind Energy Research Lease

 BOEM issues first wind energy research lease in Federal offshore waters   The U.S. Bureau of Ocean Energy Management (BOEM) has executed a wind energy research lease with the Commonwealth of Virginia’s Department of Mines, Minerals and Energy (DMME), BOEM announced today.






 
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