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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


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


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


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


ClassNK Opens R&D Center in Singapore

Left to right: RM Kurashiki (ClassNK), T Kinoshita (ClassNK), PM Ravindran (ClassNK) and Dr Thepsithar (NTU). (Photo courtesy of ClassNK)

Classification society ClassNK promoted the activities of its new Global Research and Innovation Center (GRIC) at a press conference held today in Singapore.   Joined by representatives from Nanyang Technological University, ClassNK Executive Vice President Tetsuya Kinoshita explained the


New Tanker Designs Feature Reduced Ballast Capacity

Dalian Shipbuilding Industry China yard (Photo courtesy of Lloyd’s Register)

‘Clear Advantage’ tanker design series is reported to reduce ballast requirements by 40%. Ready to be built, the designs combine operational and environmental performance improvements   Dalian Shipbuilding Industry China (DSIC), Dalian Ocean Shipping Co


Keppel's Independent Director Leong-Chee to retire

Independent Director Mr Tony Chew Leong-Chee

  Keppel Corporation Limited (Keppel Corporation) announced that Mr Tony Chew Leong-Chee, Non-Executive and Independent Director, will be retiring from the Board of Directors of Keppel Corporation on 1 May 2015. Mr Chew will concurrently cease to be Chairman of the Nominating Committee and


US Could Eliminate Energy Imports -EIA

Figure 1 (Source: EIA)

EIA's AEO2015 projects that U.S. energy imports and exports come into balance, a first since the 1950s, because of continued oil and natural gas production growth and slow growth in energy demand   The Annual Energy Outlook 2015 (AEO2015) released today by the U.S


ABB to Equip Entire AIDA Fleet with SEEMP

ABB EMMA Onboard Tracker - Main View

  ABB will deliver energy monitoring and management system EMMA to German-based cruise operator AIDA’s entire fleet consisting of 10 vessels. The EMMA advisory suite, already installed on six of AIDA’s cruise ships, is a decision-support tool to minimize the overall energy costs


Foss Christens New Arctic Class Ocean Tug

The Michele Foss Arctic Class Tug (Photo: Foss)

The first of three Arctic Class tugs being built at the Foss Rainier, Ore. Shipyard was christened Thursday, April 9, at the Foss Waterway Seaport in Tacoma, Wash. The vessel, the Michele Foss, will see its first assignment on an oil field sealift this summer from South Korea to the Alaskan Arctic


Gibson to Build 900,000b Crude Storage in Alberta

Canadian oil storage and transport company Gibson Energy Inc said on Monday it is building 900,000 barrels of crude oil storage at its terminal in Hardisty, Alberta, after receiving sufficient support from shippers.   The company will build a 500


ARENA opens $20 m R&D round for industry-partnered projects

ARENA CEO  Ivor Frischknecht

  The Australian Renewable Energy Agency (ARENA) today announced up to $20 million for a new research and development (R&D) round dedicated to industry-partnered projects that seek to develop and commercialise renewable energy technologies.


BlueTEC Platform Ready for Generation

Tidal BlueTec platform (lowres)

  The first BlueTEC Tidal Energy platform was formally named by the Mayor of Texel, the Netherlands this morning. The floating platform, which holds tidal turbines below the sea surface, will soon be positioned near the island of Texel – supplying clean electricity to the Dutch grid


IFC Plans $2 bln Investment in Egyptian Infrastructure, Power

 The World Bank's development arm plans to invest between $1.2 billion and $2 billion in Egypt over the next four years, including around the Suez Canal, its regional director told Reuters. The International Finance Corporation is looking at ports and logistics projects, Mouayed Makhlouf


Reed Nominated to Caterpillar Board

Debra L. Reed, Chairman and CEO of Sempra Energy, is nominated to join the Caterpillar Inc. Board of Directors

  Caterpillar Inc. announced today that the Caterpillar Board of Directors has nominated Debra L. Reed to join the Board, with the election to occur at the June 2015 annual stockholders meeting. Reed, 58, is the Chairman and CEO of Sempra Energy, a San Diego


Next Gen Tankers Delivered to Concordia Maritime

Stena Image (Photo courtesy of Concordia Maritime)

Concordia Maritime takes delivery of the next generation of chemical and product tankers   Concordia Maritime’s first chemical and product tanker based on the IMOIIMAX concept, the Stena Image, was delivered from the Chinese shipyard GSI (Guangzhou Shipbuilding International) in


EPA Award for Pentair

2015 ENERGY STAR Award Winners

  The U.S. Environmental Protection Agency (EPA) has recognized Pentair's Aquatic Systems with a 2015 ENERGY STAR Partner of the Year award for its outstanding contribution to reducing greenhouse gas emissions by manufacturing energy-efficient products and educating consumers about energy


4 Chaplains Foundation Recognizes Helix CEO

LR George DuBois; Capt. Tom Allen, U.S. Coast Guard Sector Jacksonville; Joanne Stopke; Art Thomas; Lisa Eckley-Thomas; Rear Adm. John Korn, Commander U.S. Coast Guard 7th District; retired Capt. Louis Cavaliere, U.S. Navy;

  On Thursday, March 19, 2015, Arthur H. Thomas, Sr., president and CEO of Helix Alliance, Inc., received the Chapel of Four Chaplains Legion of Honor Award. The award was presented by retired Capt. Louis Cavaliere, U.S. Navy, chairman of the Four Chaplains Memorial Foundation


CMA CGM Takes Delivery of its Largest Ship

Image: CMA CGM

The CMA CGM Group last week received the largest vessel of its fleet, a 17,722 TEU containership CMA CGM Kerguelen, to be christened May 12 in Le Havre.   CMA CGM Kerguelen measures 398 meters long and 54 meters wide, making it the largest container ship in the CMA CGM fleet






 
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