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. of continuous hydrocarbon pay were encountered; three additional pay zones totaling approximately 70 ft. of net pay are also present in the wellbore. Sperry-Sun's triple combo services provided the log of record for the hole.
ONGC to Invest Over $5B in Offshore Gas Finds
Oil and Natural Gas Corp. (ONGC) plans to invest over $5b to produce 25 million standard cubic meters per day (mmscmd) of gas from its eastern offshore Krishna Godavari fields by 2013. The state-run firm submitted to the regulator Director General of Hydrocarbons an appraisal program of the discoveries it had made in KG offshore basin, putting the in-place reserves at 6.37 Trillion cubic feet (Tcf), industry sources said.
Oil & Gas Auction Set for November
India will announce the auctioning of 80-85 oil and gas blocks for exploration and production in the seventh licensing round under New Exploration Licensing Policy (NELP) in the first week of November. Oil regulator Directorate General of Hydrocarbons (DGH) has carved out 80-85 blocks to be offered for bidding under NELP-VII. The total acreage of the blocks on offer is about 0.4 million square kilometers. Offshore blocks on both east and west coast would be offered
Elf Makes Second Gulf Of Mexico Discovery
French oil company Elf Aquitaine has announced its U.S. oil and gas subsidiary Elf Exploration Inc. made its second deep offshore oil discovery in the Gulf of Mexico this year. Elf officials said workers made the find at the Matterhorn well in the Mississippi Canyon Block 243, in which Elf Exploration Inc. has a 100 percent working interest. A Global Marine Celtic Sea semi-submersible vessel had drilled the well to a depth of 8,165 ft. and found 370 gross ft
Texaco Replaces 166 Percent of Production
Texaco replaced 166 percent of its 1998 worldwide combined oil and gas production, excluding purchases and sales. Texaco's proved oil and gas reserves increased eight percent during 1998 to nearly 4.7 billion barrels of oil equivalent (BOE), the largest proved reserve base for the company since 1985. These reserves are comprised of 3.6 billion barrels of liquids and 6.5 trillion cubic ft. of natural gas. Worldwide finding and development costs in 1998 were $3
UK Needs to Explore for New North Sea Oil & Gas
In its annual Activity Survey for 2014, trade association Oil & Gas UK says only 15 exploration wells were drilled in 2013, according to figures from the Department of Energy & Climate Change (DECC), continuing a steep downward trend. Exploration over the past three years has been at its lowest in the history of the UK Continental Shelf (UKCS) and in 2013 replaced just 80 million barrels. Oil & Gas UK chief executive, Malcolm Webb
CNOOC: A Deepwater Gas Finding in Qiongdongnan Basin
China's CNOOC Limited (NYSE: CEO, SEHK: 0883) announced a deepwater gas discovery on Block 64/11 offshore China after the Lingshui 22-1-1 exploration well drilled by its partner, BG Group (BG) , encountered gas-bearing sands.The exploration well is located in Qiongdongnan Basin in the South China Sea, approximately 130 kilometres offshore and in a water depth of 1,338 metres. BG will conduct further analysis of the well results to evaluate the hydrocarbon potential in the Block. Mr
Demand for Gas to Grow 3%
World demand for natural gas could grow by 3% a year over the next 15 years, with demand for liquefied natural gas (LNG) growing much faster, Executive Director Gas & Power of Shell Linda Cook reported at the SPE Technical Conference in Dallas. This will require massive investment. Innovative technology will be needed to maximise recovery from existing resources and lower the cost of developing new ones. Gaining access to resources will require adding real value for resource holders
Statoil Makes Gas Find in Arctic
Norwegian oil firm Statoil has made a small gas discovery in the Arctic, near its Johan Castberg oil discovery, the Norwegian Petroleum Directorate said on Friday. The find contains between 1 and 2 billion standard cubic metres of recoverable gas, it said. Statoil's partners are Eni of Italy and Norwegian state-owned firm Petoro. Reporting by Gwladys Fouche
Drilling Industry Stretched By High Demand
The lure of higher oil and gas prices has pushed the number of rigs exploring for oil and natural gas in the United States to a 10-year high, stretching the drilling industry close to its limits. The domestic rig count reached 1,163 during the week ending March 23 - the highest number since December 10, 1990 - when 1,179 rigs were in use, according to oil services firm Baker Hughes Inc. Spurred by record gas prices and the biggest oil market boom for two decades, independent U.S
BP’s LNG Carrier Fleet is Growing
BP said it will take delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers in 2018 and 2019 to support its expanding global LNG portfolio. BP’s finance partners KMarin and ICBC Leasing are investing more than $1 billion in the tankers. The vessels will join BP’s exixting fleet to help service a 20-year liquefaction contract with the Freeport LNG facility in Texas, as well as other international LNG projects in BP’s global portfolio.
New BWTS for Big Bulk Carriers
U.K.-based ballast water treatment systems (BWTS) manufacturer Coldharbour Marine has launched a new treatment process designed specifically for large dry bulk vessels and ore carriers. The system uses the company’s existing inert gas based GLDTM treatment plant to meet the needs of large bulk carriers, which often ship large volumes of ballast water in upper wing tanks and discharge it directly into the sea.
Clean Marine Secures Multi-Vessel EGCS Contract
Clean Marine, developer of Exhaust Gas Cleaning Systems (EGCS), has secured a multi-vessel contract from Inventor Chemical Tankers AS (ICT). The agreement, covering seven 19,900 DWT chemical tankers, marks the launch of the firm’s CleanSOx Compact Hybrid Allstream scrubber to the marketplace. According to Clean Marine CEO Nils Høy-Petersen, the company has been exclusively dedicated to EGCS solutions since its inception in 2006
Alfa Laval’s PureSOx Tallies 100+ Installs
To date, a total of 109 vessels have been installed with Alfa Laval PureSOx platform for compliance with IMO SOx emissions regulations. With more than 75 PureSOx systems in operation today, Alfa Laval claims to have the marine industry’s most extensive list of reference installations for any single SOx scrubber technology. This represents every PureSOx commissioned since the first installation, including those on board a number of ships in the fleet of Danish company DFDS
Wood Wins LNG Platform FEED Contract
The Honghua Group Limited has awarded a $12 million front-end engineering design (FEED) contract to Wood for its liquefied natural gas (LNG) platform development in the West Delta area of the Gulf of Mexico. The main objective of the FEED is to finalize the design of the world’s first offshore platform-based natural gas liquefaction and storage facility. Wood recently completed the pre-FEED for this project.
Yamal LNG to Ship Two LNG Cargoes in November
The Russian Yamal LNG project will ship the first two cargoes of liquefied natural gas in November, followed by another four in December, Russia's customs service said on Tuesday. The Yamal LNG project is co-owned by local Russian gas producer Novatek, as well as France's Total, China's CNPC and the Silk Road Fund. Reporting by Oksana Kobzeva
LNG Market to Reach USD 20.6 bln by 2025
The global liquid natural gas (LNG) market is expected to reach USD 20.6 billion by 2025, growing at a CAGR of 12.7%, Research and Markets reported. Rising focus on development and expanding gas pipeline infrastructure and growing demand for natural gas from downstream sectors is a crucial driving factor for the industry. Decreasing LNG prices along with execution of favorable government rules and regulations
MAN D&T: 20M Euro Pledge for 10 LNG Retrofits
At the Our Ocean 2017 Conference recently concluded in Malta, MAN Diesel and Turbo made a unique pledge that to furthering the use of LNG as fuel onboard commercial ships. “We clearly recognize that our interests are best served by ensuring that the world’s oceans remain in robust, good health," said Wayne Jones, OBE, Chief Sales Officer of MAN Diesel & Turbo. "MAN Diesel & Turbo believes that it is time for what we call a ‘Maritime Energy
Exmar USD 23mln Richer After Excel Sale
The Belgian gas tanker company Exmar has sold its liquefied natural gas (LNG) tanker Excel for $ 23 million. "Exmar is pleased to announce the sale of the LNG carrier Excel (138,107 m³). The 2003 built Excel has been delivered to its new owners on 6th of October 2017," said a press statement from the company. The net cash proceeds realized by Exmar for its 50% share in the joint venture will be approximately USD 23 million, it added.
SGMF, LNG MFI to Pomote LNG as Fuel
The Society for Gas as a Marine Fuel (SGMF) signed a memorandum of understanding with Australia’s LNG MFI to jointly promote the use of liquefied natural gas as fuel. SGMF is a non-governmental organisation (NGO) established since 2013 to promote safety and industry best practice in the use of gas as a marine fuel. Governed by a representative Board and driven by two principal Committees, SGMF has several working groups at any one time solving issues and producing outputs
NOIA Appoints Four to BoD
National Ocean Industries Association (NOIA) Chairman David Welch has appointed four new members to the association’s Board of Directors. Appointed to first term on the Board of Directors: Jennifer Medcalf, Vice President Business Development, The REACH Group David De Roode, Partner, Lockton Partners, LLC/Senior Vice President, Lockton Global Energy & Marine L
Finnish LNG Terminal Work Awarded
The technology group Wärtsilä has announced it has been awarded a turn-key contract with Hamina LNG Oy to supply a liquefied natural gas (LNG) receiving terminal to be built in Hamina, Finland. The scope includes site filling, soil refurbishment, civil works, infrastructure, full containment storage tank with a combined net volume of 30 000 m3, regasification and gas metering, BOG (boil-off gas handling) system, electrical and control system, unloading
H-Energy to Start West Coast LNG Terminal in May 2018
India's H-Energy Pvt Ltd, a unit of real estate group Hiranandani, will start operations at its liquefied natural gas (LNG) terminal in the western Maharashtra state by May 2018, its chief executive said on Wednesday. India plans to raise the share of natural gas in its energy mix to 15 percent in three years from the current 6.5 percent, according to a plan set out by Prime Minister Narendra Modi's government.
Viking Planning Hydrogen-powered Cruise Ship
Viking Cruises is reportedly working on a project to develop a vessel fuelled by liquid hydrogen that could become the world’s first cruise ship with zero-emission technology, according to the Norwegian Maritime Authority (NMA). NMA said the announcement was made by Viking Cruises project manager Serge Fossati during the Safety at Sea Conference in Haugesund. “This is a world sensation. Very exciting
Tellurian Fixes Maran LNG Carrier
A wholly-owned subsidiary of Tellurian has entered into a six-month time charter contract with Maran Gas Maritime for a liquefied natural gas (LNG) tanker, the Maran Gas Mystras. Tellurian took delivery of the tanker at Galle, Sri Lanka on October 1, 2017. President and CEO Meg Gentle said, "At Tellurian, we are building a global natural gas business and proactively shaping the company to build long term value amid a robust and dynamic market