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)

Offshore

Are We on the Crest of an Offshore Wind Wave?

This time last year, when we were preparing to host ABN AMRO’s inaugural international seminar on offshore wind the imminent Borssele offshore wind tender in the Netherlands was a hot topic.

Brazil May Open Petrobras Subsalt Area to Other Companies

Brazil may allow companies besides Petrobras to bid for the right to produce extra oil from areas it sold to the state-led oil company in 2010, the head of the

Vallianz Rejects Payment Request from Swiber Managers

Vallianz Holdings, which provides support vessels for the oil industry, said on Wednesday it had refused a request from the judicial managers of shareholder Swiber Holdings to pay around $63.

Environmental

Pivotal LNG, Carib Energy Reach Multi-Year Supply Deal

Pivotal LNG announced a multi-year agreement to sell liquefied natural gas (LNG) to Carib Energy LLC, a Crowley Maritime Corp. subsidiary. Crowley will transport and deliver LNG from the U.

Arctic Sea Ice Melt Continues

As of August 14, Arctic sea ice extent is tracking third lowest in the satellite record, according to the National Snow & Ice Data Center (NSIDC). The southern

Wärtsilä BWMS for Three Maersk Tankers

Maersk Tankers A/S of Denmark has selected Wärtsilä's Electro Chlorination (EC) Ballast Water Management System (BWMS) for three new 50,000 DWT medium range (MR)

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0786 sec (13 req/sec)