Lime Petroleum Receives Approval for Acquisition
Rex International Holding said its 65% indirectly owned subsidiary, Lime Petroleum Norway AS, has received approval from the Norwegian Ministry of Petroleum and Energy for the acquisition of 10% interest in each of the two offshore licenses, PL 707 and PL 708, from North Energy ASA. Lime’s 10% interest in each of PL707 and PL708 will become effective from November 29, 2013. The acquisition of the 10% interest in the two licenses is a result of the cooperation agreement between Lime and North Energy. Both concessions are located in the Barents Sea, in proximity to the coast on the Finnmark East platform. PL707 covers an area of about 982 square kilometers while PL708 covers an area of about 507 square kilometers.
CNOOC Announces Startup of New Platform
CNOOC Limited announced that Platform C of Phase of Penglai (PL) 19-3 has come on stream successfully. This is the first Wellhead Platform starting production in Phase â…¡development of PL19-3. The development facilities in Phaseâ…¡of PL19-3 include: 5 wellhead platforms, a central processing facility and a world-class FPSO, with a designed processing capacity of 190,000 barrels of oil per day. PL19-3 oil field is located in Block 11/05 in Bohai Bay, the largest oil field offshore China currently. The field is jointly developed by CNOOC Ltd. and ConocoPhillips China Inc. (COPC). CNOOC Ltd. holds 51% interest of PL 19-3 and the Operator, COPC holds the rest 49%. Phase of PL 19-3 has started production successfully in December 2002.
Statoil: N. Sea Discovery Larger than Expected
Communication between the Aldous and Avaldsnes oil discoveries in the North Sea has now been confirmed. In combination these discoveries may represent an oil structure of between 500 million and 1.2 billion barrels of recoverable oil equivalent. If the upper part of the interval strikes pay dirt, the discovery will be one of the ten largest oil finds ever on the Norwegian continental shelf (NCS). Statoil (OSE: STL, NYSE: STO) has a 40% stake both in licence PL 265, where Aldous was discovered, and in PL 501, where the Avaldsnes discovery was made.
Shell Sells some Norwegian Assets
A/S Norske Shell announced that the company has entered into an agreement with E.ON Ruhrgas Norge AS to sell its 28% equity interests in the undeveloped Skarv and Idun fields for US$ 893 million. The agreement covers the licenses PL-159, PL-212, PL-212B and PL-262 in the Norwegian Sea. David Loughman, Managing Director A/S Norske Shell, said: "We remain fully committed to Norway and continue to consider this to be a key area of growth within our European business. We are currently making major investments on the Norwegian Continental Shelf. The Ormen Lange development, where Shell assumes operatorship in November 2007, is very important in our growth strategy.
MARAD Publishes Notice on Small Passenger Vessel Waiver Program
The Maritime Administration (MARAD) has published a notice in the Federal Register inviting public comments on two separate waiver applications under MARAD's Small Passenger Vessel Waiver Program. MARAD has the authority to issue a waiver of the U.S.-build requirements of the coastwise trade laws under certain circumstances as provided by P.L. 105-383 as amended. Written comments referencing the above-mentioned dockets, respectively, may be submitted to the Docket Clerk, U.S. DOT Dockets, Room PL-401, Department of Transportation, 400 7th St., SW, Washington, DC 20590-0001 by 5:00 p.m. September 4, 2003. Comments may be submitted electronically via the Internet at http://dmses.dot.gov/submit. All comments are available for review between 10:00 a.m.
Smaller Operators Excel in Polish Shipyards
The huge yellow gantry cranes, cavernous sheds and slipways of the Szczecin Shipyard dominate the Port of Szczecin. At one time, 10,000 workers toiled to built as many as 21 deep-sea ships per year in this sprawling edifice. Today only a fraction of that number, perhaps 1,500, work for a diverse group of small independent marine companies who lease space in the shuttered shipyard. Where the huge state-owned corporation was unable to make the transition to EU membership and the global economy…
New opportunities in the Barents Sea
Holdings in 11 new production licences have been awarded to Statoil in the 21st licensing round on the Norwegian continental shelf (NCS), which was announced by the government today, 15 April. The group received eight new operatorships, with four of these in the Barents Sea and four in the Norwegian Sea. “We are very pleased with the award of new acreage in the Barents and Norwegian Seas,” says Gro Gunleiksrud Haatvedt, senior vice president for exploration on the NCS. “I’d particularly highlight the operatorship/acreage in the Hoop area.
Statoil and Partners Discover High-Impact Oil Well
Statoil ASA and partners Petoro AS, Det norske oljeselskap ASA and Lundin Norway AS have made a high-impact oil discovery on the Aldous Major South prospect (PL 265) in the North Sea. Well 16/2-8, drilled by the Transocean Leader drilling rig, has identified an approximately 65-meter oil column in Jurassic sandstone. The acquired data confirm that this is a reservoir of excellent quality. Statoil has previously described the well as a high-impact well, and the result confirms…
RWE Dea Norge completes Titan Appraisal Well
RWE Dea Norge AS, operator of production licence (PL)420, is completing drilling operations on appraisal well 35/9-11-S and sidetrack 35/9-11-A on the Titan discovery, 16 kilometres west of the Gjøa Field in the North Sea. The purpose of the well was to delineate the Titan discovery towards the south and to reduce the uncertainties in reservoir thicknesses and reservoir properties. With the appraisal well, oil was proven in the Heather Formation, the Brent Group, the Drake Formation, the Cook Formation and the Statfjord Formation.
Statoil Announces Discovery
Statoil, together with partners Petoro AS, Det norske oljeselskap ASA and Lundin Norway AS, has drilled the Aldous Major North prospect (PL 265) in the North Sea. Samples taken from well 16/2-9S, drilled by the rig Transocean Leader, have proved a column of oil of up to 8 metres in formations dating from the Upper Jurassic period. Due to the limited reservoir quality, the partnership will consider further exploration drilling on Aldous Major North in order to clarify the structure’s potential. Well 16/2-9S was drilled some 12 kilometres north of the Aldous Major South oil discovery (16/2-8).
AIS Antennas Help Owners Monitor Traffic
When navigating shipping lanes and busy harbors, the ability to monitor speed and direction of other vessels is particularly important. Automatic Identification System (AIS) technology, originating from the shipping industry, has been a great help to recreational boaters in these areas. Shakespeare offers AIS antennas in various styles, specifically designed to meet the broader bandwidth requirements of popular AIS transceivers. The 4' Shakespeare Style 396-1-AIS features commercial-grade construction with brass and copper elements…
USA Maritime Applauds Continuation of 'Food for Peace' Program
USA Maritime praises the House of Representatives for rejecting the Royce-Engel amendment that would have dramatically altered the existing PL 480 Food for Peace Program. The action in the House, according to USA Maritime Chairman James Henry, “Demonstrates a clear recognition that this cornerstone of America’s foreign aid programs is not only the most successful in addressing world hunger but provides numerous important economic and national security benefits to the American people.
Drilling Rig Strikes Oil Again in Barents Sea
ENI has successfully drilled the appraisal well 7220/5-1 in the Skrugard discovery field 200 kilometres off the Norwegian coast.The well was drilled at a water depth of 388 metres, reaching a total depth of 1,740 metres at a site located approximately 3 kilometres from the Skrugard-1 discovery. A gas column of about 25 metres and an oil column of 48 metres was encountered in the Middle - Lower Jurassic reservoir, Stø & Nordmela Formations. Intensive data collection and sampling have been carried out in the well-bore and the results show a reservoir of excellent quality. The aim of the appraisal well was to prove the hydrocarbon extension in the middle section of the Skrugard structure.
MEBE Calls for Protection of Food Peace Program Jobs
The Marine Engineers’ Beneficial Association (M.E.B.A.) calls for continued funding of the Food for Peace (PL 480) & Food for Progress programs. MEBA stands with 21 U.S. Senators and its United States maritime industry partners in protecting thousands of U.S. maritime and agricultural jobs by calling for continued funding of the Food for Peace (PL 480) and Food for Progress programs. These programs, administered by the U.S. Agency for International Development, create necessary cargo for the U.S.-Flag shipping industry through the delivery of vital overseas food assistance. Recently, M.E.B.A. learned that the Obama Administration is considering major budgetary changes to these programs…
ABS: New Guidance for Certifying Lifting Appliances
Updated Guide includes latest industry standards. [PRESS RELEASE] (Houston) ABS has published a new edition of the ABS Guide for Certification of Lifting Appliances that includes construction and operation of modern lifting appliances. The revised ABS Lifting Appliance Guide provides the marine and offshore industry with a clear and precise set of requirements that fully address the existing and new technologies. The input from industry experts, gathered over a two-year period, is reflected in the Guide's more precise requirements for crane machinery; electrical and control systems; structure, material, fabrication, nondestructive evaluation and testing. Structural requirements for shipboard, offshore and heavy lift cranes have been completely revised and updated.
Russian Sub 'Stary Oskol' Enters Black Sea
Russia’s Stary Oskol submarine, the third boat in Project 636.3 series for the Black Sea Fleet, on a voyage to its permanent base has passed the Bosporus and Dardanelles straits, TASS quoted the Black Sea Fleet spokesman Vyacheslav Trukhachev as saying. Stary Oskol is the third submarine in the series of six submarines built for the Black Sea Fleet at the Admiralty Verfi Shipyards in St. Petersburg. The Russian Black Sea Fleet currently operates four Project 636.3 submarines. The fleet is to receive a total of six submarines of this project.
DHS Announces $260m in Supplemental Grants Funding
The Department of Homeland Security (DHS) released a supplemental Fiscal Year (FY) 2007 grant guidance and application kits for three grant programs: the Port Security Grant Program (PSGP), Transit Security Grant Program (TSGP), and Emergency Management Performance Grant (EMPG) Program. The supplemental announcement of $260 million is in addition to $567m awarded from the regular FY 2007 appropriations for these programs, totaling roughly $827m this fiscal year. The U.S. Troop Readiness, Veterans Care, Katrina Recovery, and Iraq Accountability Appropriations Act of 2007 (P.L. 110-28) provided an additional $110 million for the PSGP, $100 million for the TSGP, and $50 million for the EMPG. Eligible applicants must apply for FY 2007 supplemental funding online.
New 20kA Surge Protector for 480V
SSL power solutions manufacturer Thomas Research Products (TRP) introduced a new surge protector for 480V circuits. The FSP3-480-20kA protects LED luminaires from surges up to 20,000 amps. Using new components, the FSP3-480-20kA is the same size as the company’s current 277V model. An LED indicator on TRP’s new compact device shows that it is functioning to protect the luminaire. The unit also includes in-line fusing to shut down the luminaire when the capabilities of the surge protector have been exceeded.
MARAD Publishes NPRM
The Maritime Administration (MARAD) has published a Notice of Proposed Rulemaking (NPRM) in the Federal Register soliciting public comments on an amendment to its regulations. This amendment adds a new Section 1109 to the recent modified Merchant Marine Act, 1936, as amended, which authorizes the Secretary of Transportation to hold funds from Title XI obligors as collateral by depositing them with the United States Treasury and investing them in Treasury obligations. These funds will no longer be deposited in private banks. This notice of proposed rulemaking proposes changes to existing procedures to simplify, reduce costs of, and expedite Title XI closings. Written comments, referencing Docket No. MARAD-2002-12425, may be submitted to the Docket Clerk, U.S.
Proposed Changes to 'Food for Peace' Program Resisted
USA Maritime, a coalition of ship owning companies, maritime labor organizations & maritime trade associations states its position. USA Maritime Chairman James L. Henry corrects reports about the efficacy of the U.S. Merchant Marine in delivering U.S. food aid and to comment on the detrimental effects of proposed changes to the Food for Peace Program (PL 480) offered in the Administration’s Fiscal Year 2014 budget. “The United States is the largest provider of nutrition to the hungry and undernourished, contributing about 60 percent of the world’s food aid.
Statoil Delays Norwegian Barents Sea Project
On account of applicable Norwegian Government tax changes Statoil as operator has recommended a delay of the investment decision for the Johan Castberg project in the Norwegian Barents Sea. Statoil has continued to mature the resource base and development plans for the project. There are still uncertainties related to the resource estimate and investment level. "In addition, the Norwegian government has recently proposed reduced uplift in the petroleum tax system, which reduces the attractiveness of future projects, particularly marginal fields and fields which require new infrastructure. This has made it necessary to review the Johan Castberg project," says Øystein Michelsen, Statoil's executive vice president for development and production in Norway.
CNOOC Confirms Oilfield Find
CNOOC Limited (NYSE: CEO, SEHK: 00883) announced that the Company has successfully appraised the Penglai(PL)9-1 hydrocarbon bearing structure following the discovery made in 2010. The appraisal confirmed that PL9-1 is a large oilfield. PL9-1 is located in the Miaoxibei uplift in the eastern part of Bohai, with an average water depth of 25 meters. One of the appraisal wells PL9-1-5 encountered oil pay zones in buried hill with total thickness of over 200 meters, and the well was tested to produce around 700 barrels of oil per day. PL9-1 is the largest oilfield among the recent years’ discoveries by scale in Bohai. Furthermore, the Company also made a successful discovery of PL15-2 structure…
AWO Hails New Deadlines for Towing Vessel Inspection Regs
The American Waterways Operators (AWO), the national trade association for the tugboat, towboat and barge industry, hails the enactment of provisions in the Coast Guard Authorization Act of 2010 (P.L. 111-281) that bring the industry one step closer to a historic towing vessel inspection regulation to improve safety in the towing industry. Section 701 of the Act requires the U.S. Department of Homeland Security (DHS) “to issue a notice of proposed rulemaking regarding inspection requirements for towing vessels” no more than 90 days from the date of enactment, a provision strongly advocated by AWO. The law requires that a final rule be issued no more than one year after the enactment date.