Husky Eyes Third Offshore Project

Wednesday, January 18, 2006
Calgary-based Husky Energy Inc. said it will spend $298.5 million on its East Coast operations, including exploration and that it had acquired rights to two more parcels in the Jeanne D'Arc Basin, the area in which its White Rose project is located. Husky has promised to spend $31.1million over the next five years in those newly acquired areas, accounting for the large majority of the $33.8 million bid in exploration rights in the 2005 sale. The company's effort for this year includes work to delineate the reservoirs feeding the White Rose project, which began producing oil late last year. Discoveries on that part of the effort could be tied into existing infrastructure. The company has hopes of a major discovery that could justify a third project, in addition to White Rose and Husky's one-eighth stake in Terra Nova. There could be substantial competition for the equipment if the surge in seismic data collection last year translates into exploration activity this coming drilling season. The amount of three-dimensional seismic data collected last year nearly quadrupled, rising to 372,891 common midpoint kilometers from 101,382 in 2004. Last year's seismic effort shattered the previous record, set in 2000, and is seen in Newfoundland as an early sign of a strong pace of investment by the oil industry. (Source: www.theglobeandmail.com)
Maritime Reporter November 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Tugboat Crew Missing After Collision

Five members of a tugboat crew are missing after a collision with a merchant ship about 9NM off Tanjung Gelang yesterday (30 October). One crew member was rescued by fishermen.

Royal IHC Bags Dredging Package Order

Royal IHC (IHC) has secured a new contract with the Chinese shipyard, Jin Hai Heavy Industrial Group, for the delivery of a dredging installation package for a trailing suction hopper dredger.

U.S. Drillers Cut Rigs to Lowest since August

Energy companies have reduced the number of rigs drilling for oil in the United States to the lowest since August, shifting more rigs in favor of natural gas as crude prices dive,

Environmental

Krishnapatnam Port Wins Seatrade CSR Award

Widely recognized for excellence in Corporate Social Responsibility, Krishnapatnam Port Company Limited was declared winner of 2014 Seatrade Maritime Awards in

Brazil Setting-up Solar Parks

Brazil finally entered the solar power sector on Friday, granting contracts for the construction of 31 solar parks as it tries to diversify its sources of generation

U.S.& Iran Meet Ahead of Deadline for Atom Deal

U.S. Secretary of State John Kerry will meet Iran's foreign minister and the European Union foreign policy chief in Oman on Nov. 9-10 to discuss the Iranian

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1175 sec (9 req/sec)