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Natural Gas Discovery News

10 Mar 2024

Esgian Week 10 Report: Additional Backlog Secured

© freddytb Foto / Adobe Stock

Esgian reports that offshore drilling contractors secured additional backlog in the U.S. Gulf of Mexico, Egypt, Nigeria, and Brazil and operators confirmed new discoveries in Indonesia, Côte d’Ivoire, and China in its Week 10 Rig Analytics Market Roundup.ContractsDiamond Offshore has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the 12,000-ft drillship Ocean BlackHornet.Shelf Drilling’s 250-ft jackup Rig 141 has secured a two-year…

29 May 2023

Cyprus Wants Shipping Corridor to Export Mediterranean Gas to Europe

Illustration only - Credit: aerial-drone
/AdobeStock

Cyprus wants to establish itself as a gateway from east Mediterranean gas resources to Europe via a shipping corridor of LNG carriers, its president said on Monday. Cyprus's new centrist government, which came to power in February, has cooled to the idea championed by its predecessors of an "EastMed" pipeline transferring gas to Europe.Instead, authorities now want to transport, via pipeline, natural gas from fields in the eastern Mediterranean to the island for use in domestic conventional power generation…

12 Feb 2018

High Seas Standoff: Cyprus Says Turkey Blocks Drill Ship

Cyprus on Sunday accused the Turkish military of obstructing a ship contracted by Italian oil company Eni from approaching an area to explore for natural gas, highlighting tensions over offshore resources in the east Mediterranean. A spokesman for Eni said on Sunday the Saipem 12000 drill ship had been heading from a location southwest of Cyprus towards an area southeast of the island on Friday when it was stopped by Turkish military ships and told not to continue because of military activities in the destination area. Turkey, which does not have diplomatic relations with Cyprus, claims that certain areas in Cyprus's offshore maritime zone, known as an EEZ, fall into the jurisdiction of Turkey or that of Turkish Cypriots.

09 Jun 2016

BP, Eni Make Gas Discovery off Egyptian Coast

Energy majors BP and Eni on Thursday announced a significant natural gas discovery off the Egyptian coast. The discovery is in the Baltim southwest exploration prospect in the East Nile Delta. It is 10 km north of the Nooros gas field which was discovered in July last year and has a production rate of 65,000 barrels of oil equivalent per day, the companies said. Italy's Eni, through its subsidiary IEOC, holds a 50 percent stake in the licence of Baltim South and BP holds the other 50 percent. The new discovery "further confirms the significant potential of the so called Great Nooros Area, which is now estimated to hold 70-80 billion cubic metres of gas in place," Eni said in a statement. BP said that appraisal activities will be required to understand its full resource potential.

29 Jan 2013

Fairmount Tugs Deliver Noble Tamar Jacket

'Tamar' on Tow: Photo credit Fairmount

'Fairmount Summit' & 'Fairmount Alpine' tow laden barge from Corpus Christi US to Mediterranean offshore field. Both tugs towed the barge on which the 18,500 ton jacket was loaded from the US to the field South-East of Cyprus. In Corpus Christi the jacket was loaded on Heerema Marine Contractor's 260 meters long barge H-851, the world’s largest launch and cargo barge. From this port the convoy set sail for the 9,000 miles voyage, which took only 54 days at an average speed of 6.9 knots to deliver the barge in the Tamar field.

30 Jun 2011

ABS and CCS Discuss Energy Development in China

The growing importance of deepwater exploration and production developments offshore China led classification societies ABS and CCS (China Classification Society) to conduct a joint “Deepsea Developments in the China Offshore Industry” meeting on June 17. The meeting, which was held in Beijing, brought together leading offshore industry professionals to discuss a wide range of energy development issues. More than 100 representatives from the Chinese government, shipbuilders, designers, research institutes, energy corporations and universities attended. Topics included a discussion of the global energy market outlook from research firm Infield Systems…

07 Oct 2010

ABS Forms Greater China Operating Division

ABS announced a major organizational change with the creation of a fifth operating division that will be responsible for the society’s activities in The People’s Republic of China, Hong Kong SAR and Taiwan. The reorganization takes effect 15 October. The Divisional Headquarters will be located in Shanghai where ABS already maintains a large engineering, survey and administrative office. Adam Moilanen has been appointed President of the new ABS Greater China Division. The existing China, Hong Kong and Taiwan senior management teams remain in place and will form the nucleus of the new divisional executive team. The new division, which has been carved out of the existing ABS Pacific Division…

24 Jan 2008

Petro-Canada Reports O&G Discoveries

Petro-Canada is reporting oil and gas discoveries at two exploration wells: one in the U.K. sector of the North Sea and one in deep water off Trinidad and Tobago, according to a report on The Canadian Press. In Trinidad and Tobago, the Cassra-1 well in deep-water Block 22 was completed as a significant natural gas discovery. Petro-Canada operates the well and holds a 90 per cent interest. The second discovery was in the British sector of the North Sea, with the successful completion of the 13/21b-7 well. The well encountered two oil columns that total nearly 80 metres when combined.

23 May 2002

Rowan, El Paso and Canadian Superior Announce Contracting of Rowan Gorilla V

Rowan Companies, Inc., El Paso Oil & Gas Canada, Inc., an indirect subsidiary of El Paso Corporation, and Canadian Superior Energy Inc. announced the contracting of the Rowan Gorilla V for the initial drilling of El Paso's and Canadian Superior's Marquis Natural Gas Project Offshore Nova Scotia. "The Rowan Gorilla V is one of the largest jack-up drilling rigs operating in the world and in association with Canadian Superior, we are very pleased to see this contract awarded to Rowan," said Harvey Klingensmith, President of El Paso Canada. The Gorilla V is the first of a series of Super Gorilla class jack-ups capable of drilling and producing simultaneously in water depths up to 400 feet in harsh environments like offshore Eastern Canada.

22 May 2006

Dominion Announces GOM Discovery

Dominion Exploration & Production, a wholly owned subsidiary of Dominion, announced a natural gas discovery on the Gulf of Mexico Shelf at the West Cameron 130 field. The field is located in 40 ft. of water approximately 250 miles southwest of New Orleans. “We are encouraged by this latest discovery in what continues to be the core area for our Gulf of Mexico Shelf program,” said Kevin P. Guilbeau, senior vice president and general manager for Dominion E&P’s offshore unit. “The new discovery is deeper than our existing production in the field. An exploratory well, the West Cameron 130 #3 reached a depth of 19,365 feet and encountered approximately 250 feet of net pay in multiple zones.

24 Sep 1999

Major Shallow Water Oil and Gas Find

Sperry-Sun, a Division of Dresser Industries, Inc., participated in drilling a significant crude oil and natural gas discovery in Anadarko Petroleum Corp.'s subsalt exploration program. This discovery - called Tanzanite - is located in the Gulf of Mexico at Eugene Island South Addition Block 346 in 314 feet of water about 75 miles offshore Louisiana. Anadarko believes the Tanzanite field contains at least 140 million boe. Sperry-Sun provided pressure-while-drilling (PWD) services from 11,000 ft. MD to TVD of 14,350 ft. in drilling the exploration well (the OCS-G 14482 No. 1) and provided full "triple combo" services from 11,800 ft. MD to 13,643 MD. In this latter portion of the well, 450 ft.

12 Nov 1999

Oil Price Rebound Means Big Gains for Oil Producers

The third quarter proved to be a prosperous one for oil companies, as most of our sampling realized substantial gains in net income and net operating income for the period, as compared to 1998's third quarter. A higher average worldwide crude oil price was chiefly responsible for the increases, although in some cases, cost-cutting measures also contributed heavily to the financial results. Exploration and production net operating income was up, nearly across the board. However, for the first nine months of 1999, earnings and net income are still down from the same period in 1998. Phillips Petroleum Company reported third-quarter net income of $221 million up from $46 million for the same period last year. Total revenues were $3.8 billion, versus $2.9 billion a year ago.