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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.

LNG Tanker Creole Spirit Headed for Portugal from US

Creole Spirit (Photo: Teekay)

The Creole Spirit liquefied natural gas (LNG) tanker is destined for Portugal from the U.S. Sabine Pass project, two trade sources said.   Creole Spirit is the sixth cargo to be exported by Cheniere Energy Inc's project and the first to come to Europe.   The cargo was purchased by Portugal's Galp Energia , one source said.     (Reporting by Sarah McFarlane)

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

Marines Thwart Biggest Bunker Robbery in Singapore

MT Almi Spirit. Photo by Taurus Tankers

 Malaysian Maritime Enforcement Agency (MMEA) in Johor Baru thwarted the biggest robbery attempt so far this year on marine fuel oil (MFO).   MMEA director-general Admiral (Maritime) Ahmad Puzi Ab Kahar said in a Twitter message that the robbers went on board the MT Almi Spirit at 7am and that MMEA boats had intercepted the vessel.   “ALMI SPIRIT was boarded by six robbers in the Straits of Singapore at 7am

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.

US Drillers Extend Rig Recovery

The number of rigs drilling for oil in the United States rose again this week, extending its second-best streak of no cuts into a 17th straight week, with analysts expecting more additions as crude prices hold over $50 a barrel.   Drillers added 11 oil rigs in the week to Oct

Rolls-Royce Inks Landmark Automatic Ferry Crossing System Deal

The vessels are due for delivery in 2017 and will begin operation of 1st January 2018.

Rolls-Royce has signed a deal to supply its first automatic crossing system to Norwegian ferry company Fjord1. The system, the first of its kind, will control two new double-ended battery ferries as they cross between Anda and Lote on the 1330 km long E39 which connects communities along the

Sailing into the Arctic’s Future

Randall Luthi (Photo: NOIA)

Last month, a large cruise ship completed its inaugural cruise through the Northwest Passage. The historic journey brought nearly 1,700 passengers from Seward, Alaska, past the rugged wilderness and isolated villages of the Arctic, to the concrete jungle of New York City

Valletta Cruise Port Welcomes Norwegian Star

Valletta Waterfront (Photo: Valletta Cruise Port)

Valletta Cruise Port welcomed Norwegian Cruise Lines’ Norwegian Star on Friday, October 14. The ship was greeted by the lively tunes of a Maltese village band courtesy of Valletta Cruise Port plc.   In an address onboard the ship

Kazakhstan's Kashagan Ships First Oil for Export

The first batches of oil from the giant Kashagan oil field in Kazakhstan were shipped for export on Friday via two pipelines, the Central Asian nation's Energy Ministry said.   Energy majors developing the field have shipped 7,700 tonnes of oil through the private CPC pipeline and 18

South Korean Yards Eyed for $3.8 Bln LNG Shipbuilding Deal

A little-known investment company said it intends to order up to 20 liquefied natural gas (LNG) carriers, probably from South Korean shipbuilders. The contracts would be worth as much as $3.8 billion, two people with direct knowledge of the matter told Reuters.  

LNG Newcomer Mulls $3.8 billion 20-Vessel Order

Image: CB&I

 According to Reuters CBI Energy and Chemical (CB&I), a little known investment firm, plans to order up to 20 LNG carriers, in a deal worth up to US$3.8 billion – a  huge prospect to South Korea’s beleaguered shipbuilding sector and a massive boost to the global LNG

Wyndham Cruises Launches Spirit of Elston

Spirit of Elston (Photo: Wyndham Cruises)

A brand new vessel is now plying the waterways of Gold Coast, Queensland following the launch of Wyndham Cruises’ multimillion-dollar, purpose-built dining vessel, Spirit of Elston.   The new vessel replaces the company’s current vessel, the MV Entertainer

DNV GL Brings Wind Industry Leaders Together in “Validation of Turbulence Models”

Photo: DNV GL

 Together with global partners, DNV GL, the world’s largest resource of independent energy experts and renewables certification body, has launched a Joint Industry Project (JIP) to develop a new Best Practice for the validation of turbulence models.   

Indian Lighthouses To Be Solarized by December

Photo: Directorate General of Lighthouses and Lightships

 The Directorate General of Lighthouse & Lightships (DGLL), a subordinate organization under the Ministry of Shipping, Govt. of India is presently maintaining 193 Lighthouses which provide aids to marine navigation to the mariners transiting in coastal waters of India.  

NuBlu: LNG Fueling Station in the GOM

 NuBlu Energy Begins Construction of LNG Plant in Port Allen, LA Facility to supply LNG and all support services to customers in the Southern/Gulf region   NuBlu Energy has begun the construction of a natural gas liquefaction plant in Port Allen, LA

Oil Rallies as Hopes Grow for Output Cut

Oil rallied to four-month highs on Thursday, underpinned by a surprisingly large drop in U.S. inventory levels the previous day and by growing expectations for the world's largest producers to agree to cut supply. Brent crude futures were last up 55 cents on the day at $52

Shippers Want Timeline for Emissions Reduction

(File photo: CMA CGM)

About 90 percent of global trade is moved by cargo ships which are collectively responsible for about 2.2 percent of the world's total Green House Gas (GHG) emissions (similar to that emitted by international aviation).    As a considered response to the Paris Agreement on climate

ABB, Microsoft Partner to Drive Digital Industrial Transformation

ABB and Microsoft Corp. announced a strategic partnership to help industrial customers create new value with digital solutions. The offering is a unique combination of the Microsoft Azure intelligent cloud and ABB’s domain knowledge and extensive portfolio of industrial solutions. 

Energy Action Month Reinforces Navy's Energy Resiliency

A U.S. Navy graphic provided by the Chief of Naval Operations Energy and Environmental Readiness Division for Navy Energy Action Month. (U.S. Navy photo Release)

Through a presidential proclamation, October has been designated as Energy Action Month to stress the importance of energy for our nation's economic vitality today and for a sustainable future. The Department of Navy's Energy Action Month theme for 2016 is "Power. Presence

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