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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.

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

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

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

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

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.

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

Egypt Picks 7 Winners in Tender for 55 LNG Cargoes

Photo: The Egyptian Natural Gas Holding Company (EGAS)

 Seven companies reportedly met with Egyptian Natural Gas Holding Co. (EGAS) to discuss an  liquified natural gas (LNG) tender, including: Vitol, Noble Group, Trafigura, EDF Trading, PetroChina, Shell and Gas Natural, reports Reuters.  

Wind/Solar Ship Power System Earns Patent

Image: Eco Marine Power

Eco Marine Power’s (EMP) Aquarius Marine Renewable Energy (MRE) System, a wind and solar power solution for ships, has been granted a patent in Japan, paving way for commercial production.   The Aquarius MRE System is an integrated system of rigid sails, solar panels

Floating Tidal Energy Platform Up and Running

Photo: Damen

The first months of operating the BlueTEC tidal energy platform have been a success, according to the BlueTEC Texel Tidal partnership: with every tidal flow, the platform supplies electricity into the Dutch national grid. The success has led project partners to work toward developing plans for the

Calnetix Technologies to Present at ASME ORC 2015

75-kilowatt  organic Rankine cycle turbogenerator originally used at an experimental power plant in Kuopio, Finland Courtesy Wikipedia

  Engineers from Calnetix Technologies will present at the American Society of Mechanical Engineers (ASME) Organic Rankine Cycle (ORC) 2015 Conference in Brussels, Belgium, Oct. 12-14.   Controls and Systems Engineer Chris Sellers will give a paper

Creole Spirit Sets Sail for Sea Trials

Creole Spirit (Photo: Teekay)

Teekay’s first M-type, Electronically Controlled, Gas Injection (MEGI)-powered LNG vessel, Creole Spirit, has sailed out from the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard for sea trials.   Creole Spirit is Teekay’s first of nine LNG newbuildings equipped with

House Expected to Pass Bill Axing US Oil Export Ban

A bill to repeal the U.S. oil export ban was expected to pass the House of Representatives on Friday, but faces an uncertain future after a veto threat by President Barack Obama.   U.S. representatives on Friday morning debated the bill, sponsored by Joe Barton a Republican of Texas

Danish-South Korean Co-operation Strengthened

Headquarters in Sejong City

  The Danish-South Korean Green Growth Alliance met for roundtable talks yesterday. The Minister for Business and Growth's meeting with the South Korean Minister of Oceans and Fisheries is important for further developing the close co-operation.

Friendship to Green Ships

Image: Danish Maritime Authority

 Korea and Denmark both have ambitious national plans for a transition to greener and more energy efficient economies.    The Danish-South Korean Green Growth Alliance met for roundtable talks. The Minister for Business and Growth’s meeting with the South Korean Minister of

Becker Marine, Kotug Sign MOU for LNG Hybrid Barge

From left to right: Ard-Jan Kooren (KOTUG), Dirk Lehmann (Becker Marine Systems) and Arjan Stavast (Shell Downstream LNG)

Press release - Becker Marine Systems and KOTUG signed a Memorandum of Understanding to launch a LNG Hybrid Barge in the Port of Rotterdam with effect from June 2017. The LNG Hybrid Barge, a floating energy plant, is designed to provide environmentally friendly power for ships in ports

Floating Pep Rally to Set Sail for Seahawks

Photo: WSF

Monday night football brings additional ferry service and onboard fun For its first ever "floating pep rally" Washington State Ferries will provide some pomp with its extra ferry sailings as the Seahawks take on the Detroit Lions Monday in Seattle.

Odfjell's Tanker Overhaul Seeks to Slash Emissions by 20%

Bow Clipper is the first of Odfjell’s tankers to be upgraded (Photo: Odfjell)

Norwegian tanker shipper Odfjell announced it is upgrading the propulsion systems aboard 19 of its chemical tanker vessels in a move that aims to reduce its fuel consumption and emissions by up to 20 percent.   The upgrades, which include the retrofit of new energy efficient propeller

Atlantis Chief Joins Ocean Energy

Tim Cornelius. Pic by Atlantis Resources Limited

 Tim Cornelius, CEO of global tidal developer Atlantis Resources has taken a seat on the Board of Directors of Ocean Energy Europe – the industry group for ocean renewable energy – by becoming a Lead Sponsor of the organisation.   

Sinotrans Orders Four Boxships

Image: Sinotrans Shipping

 Sinotrans Shipping has ordered four new energy-saving containerships of 1,900 teu in capacity each at CSSC Huangpu Wenchong Shipbuilding Company for $98.2mln.   The four newbuildings, each costing $24.55m, are scheduled to be delivered from the shipyard in May, June

NOIA Commends Shell’s Efforts Offshore Alaska

Polar Pioneer rig operating into the floor of the Chukchi Sea

  National Ocean Industries Association (NOIA) President Randall Luthi today issued the following statement regarding Shell’s decision to halt exploration activities offshore Alaska:   “NOIA commends Shell’s efforts in the Chukchi Sea and recognizes the great expense

IMO Launches Low-carbon Project: GloMEEP

Representatives from IMO, the lead pilot countries and Singapore at the GloMEEP launch (Photo: IMO)

The Global Maritime Energy Efficiency Partnerships Project (GloMEEP), which aims to support increased uptake and implementation of energy-efficiency measures for shipping, was formally launched on Monday, September 28, in Singapore, at the IMO-Singapore Future-Ready Shipping 2015 conference

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