MHI LNG-FPSO Approval for Two Tank Types
Mitsubishi Heavy Industries, Ltd. (MHI) completed development related to floating production, storage and offloading units for liquefied natural gas (LNG-FPSO), and has obtained two kinds of approval in principle (AIP) from major international ship classification societies. In tandem with intensified activity in medium- and small-scale offshore gas field development, demand for LNG-FPSOs, a new method of gas production offering movable capability, has been increasing globally. Boosted by the new recognition of the safety and reliability of its proposed units, MHI will now begin aggressive marketing activities toward construction of the world's first LNG-FPSO.
Total to Begin Offshore Exploration in Bay of Bengal
According to a recent Reuters report, European energy major Total SA (TOTF.PA) will begin exploring for hydrocarbons in the Bay of Bengal in November, a senior energy official recently stated. In March this year, Total acquired the major stakes of UK-based Tullow Oil PLC (TLW.L) in offshore blocks 17 and 18 and received energy ministry approval to extend the exploration period stated in the production sharing contract by three years until May 5, 2009. The acquisition has left Tullow with a 32 percent stake, U.S.-based Okland Oil Co with 8.0 percent, while Total holds the remaining 60 percent in the offshore blocks. The firm will also drill one exploratory well to a depth of at least 3,000 metres (9,840 ft) in the Bay of Bengal to find new gas reserves in the structure, the official said.
Statoil Cuts Gas Estimates 10-20%
Statoil cut estimates of recoverable gas reserves at the Kvitebjoern prospect in the North Sea by 10 to 20 percent. The company said it and its partners -- Elf and Norsk Hydro -- were now reassessing whether the prospect was commercially viable.
