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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)


Teekay LNG Reports Profit in 4Q

Phto: Teekay Corporation

 Teekay LNG Partners has reported GAAP net income attributable to the partners and preferred unitholders of $84.4 million and adjusted net income attributable to the partners and preferred unitholders of $29.0 million in the fourth quarter of 2016.   “During the fourth quarter, the partnership continued to generate stable cash flows supported by a diversified portfolio of long-term contracts totaling approximately USD 12 billion in forward


MAN PrimeServ Inks Maintenance Deal with Teekay

Image: MAN Diesel & Turbo

MAN Diesel & Turbo’s after-sales division MAN PrimeServ has signed a maintenance contract with Teekay Shipping, one of the world’s largest marine energy transportation, storage and production companies.   The new EMC (Engine Management Concept) contract is for the maintenance of the Oak Spirit, Creole Spirit and Torben Spirit, sisters from Teekay’s 173,400-m3 LNG carrier series. The agreement covers the provision of spare-parts


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


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


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


OP/Ed: Obama’s Arctic Decision Undercut His Own Legacy

Official White House Photo by Pete Souza

On December 20, 2016, in an 11th hour unilateral action designed to cement his environmental legacy, President Obama withdrew 3.8 million acres in the north and mid-Atlantic Ocean and 115 million acres in the U.S. Arctic Ocean (including the entire Chukchi Sea and a significant portion of the


Gazprom to Cement LNG Ties with Kuwait

Lena River gas carrier. Photo: Gazprom

 Russia-based energy company Gazprom has negotiated about supplies of liquefied natural gas (LNG)  to Kuwait, reports Tass.   The talks continue in "a rather progressive mood,"during the the Energy Minister Alexander Novak’s visit to the Middle East country


Wijnne Barends to Build New Ships in India

Photo: Wijnne Barends

 Netherlands, based shipping company Wijnne Barends reports that it recently placed an order with India shipbuilder Chowgule & Company for the construction of six identical, energy-efficient vessels, local media reported.   The shipyard in Goa will  build this energy-efficient


S.Korean Utilities to Lift 1.5 mln Tons of U.S. Coal

File Image (CREDIT: AdobeStock)

South Korean utilities jointly bought a total of 1.5 million tonnes of coal from the United States to arrive from the third quarter, a spokesman at one of the utilities said on Tuesday.   The purchase comes as South Korea, the world's fourth-largest coal importer


Breaking Down Barriers to Energy-Efficient Shipping

Photo: International Maritime Organization

 International Maritime Organization (IMO)'s work to mitigate greenhouse gas emissions from international shipping has conducted in Mumbai, India with a train-the-trainer course on energy-efficient ship operation.   The course (28 February – 3 March) is training maritime


GAIL's First Time-Swap Deal for US LNG with Gunvor

Image: GAIL (India) Limited

 Indian state-owned gas company GAIL has reached a deal with Swiss energy trading firm Gunvor to swap American liquefied natural gas (LNG) cargoes for shipments from other sources, Reuters reported.   It is the first time-swap agreement by GAIL


Algeria to Renew LNG Deal with France's Engie in March

Algeria's state energy company Sonatrach will renew a deal with French gas and power group Engie to supply 10 billion cubic meters of LNG per year, a source at Sonatrach told Reuters on Wednesday. The signing ceremony will take place in France, likely before the end of March


Caribbean Centre Launches on Low-Carbon Shipping Mission

Photo:  International Maritime Organization (IMO)

 A new centre tasked with promoting technologies and operations to help navigate shipping into a low-carbon future has been launched at the University of Trinidad and Tobago (8 March).    The centre will cater to the needs of the Caribbean region under the Global Maritime


Offshore Wind: BOEM Fields Pair of Unsolicited Bids

Map of the unsolicited offshore New York bid. (Source: BOEM)

BOEM has received unsolicited lease requests from two companies seeking to develop offshore wind energy on the Outer Continental Shelf (OCS). These requests are for areas located offshore New York and Massachusetts and are not in response to a formal call for interest.  


FMC Establishes Regulatory Reform Task Force

 Acting Chairman of the U.S. Federal Maritime Commission (FMC) Michael A. Khouri has designated the agency’s Managing Director, Karen V. Gregory, to serve as Regulatory Reform Officer.   Gregory will stand up a Regulatory Reform Task Force that will work to identify burdensome


Maersk Tankers to Trial Rotor Sails

Maersk P-Class Illustration with two 30x5 Norsepower Rotor Sails (Photo: Maersk Tankers / Norsepower)

Norsepower Oy Ltd. in partnership with Maersk Tankers, The Energy Technologies Institute (ETI), and Shell Shipping & Maritime, have announced that it will install and trial Flettner rotor sails onboard a Maersk Tankers-owned vessel.  


Will LNG Remain a Key Energy Source?

© phonix_a / Adobe Stock

Industry expert predicts LNG will remain a key energy source; energy authority expect that Japan’s reliance on LNG will continue to grow   Japan imported 8.3 million metric tons of LNG in January, an increase of 1.06 million metric tons compared to the previous year


Capacity Building for Sustainable Shipping

Photo: International Maritime Organization (IMO)

 International Maritime Organization (IMO)'s response to the needs of developing countries for building capacity and facilitating technology transfer to promote low-carbon shipping was highlighted at the Environmental Sustainable Shipping Industry Conference (ESSIC), held in Panama City


The World's First Offshore Wind Farm is Retiring

Photo: DONG Energy A/S

 DONG Energy has decided to retire “Vindeby”, the world’s first offshore wind farm, which 25 years ago marked the birth of the offshore wind industry. Today, offshore wind is a recognised and proven renewable energy technology


Coast Guard Cutter Lawrence Lawson Commissioned

Coast Guard Cutter Lawrence Lawson Commissioning (Photo by Petty Officer 2nd Class Nate Littlejohn)

Adm. Charles Michel, vice commandant of the Coast Guard, presided over a ceremony commissioning the 20th Fast Response Cutter, Lawrence Lawson, in Cape May Saturday. The Lawrence Lawson and crew are homeported in Cape May, where they will perform multiple Coast Guard missions along the






 
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