Marine Link
Wednesday, September 20, 2017

Shell: Force Majeure on Nigerian LNG

Shell Petroleum Development Company has declared force majeure (FM) on gas supplies to the Nigeria Liquefied Natural Gas (LNG) export facility on Bonny Island, a spokeswoman said. "The Shell Petroleum Development Company of Nigeria Ltd (SPDC) declared force majeure on gas supply to NLNG on 8 August 2016, following a leak on the Eastern Gas Gathering System (EGGS-1) pipeline through which it supplies the bulk of its gas to NLNG," a spokesman said in an emailed statement. SPDC, Royal Dutch Shell's Nigerian unit, is a joint venture with state oil company Nigerian National Petroleum Corp. They supply gas to the LNG plant. The declaration may impact exports from the facility. Reporting by Oleg Vukmanovic

Six Companies Buy Oil from US Emergency Crude Reserve

Six companies bought 14 million barrels of oil from the U.S. Strategic Petroleum Reserve in a sale required by law to help fund medical research and the federal government, said the Department of Energy on Thursday.   BP Oil Supply, Exxon Mobil Corp, Phillips 66 , Shell Trading, Valero Marketing and Supply Company, and Macquarie Commodities Trading bought oil from the reserve, which is held in salt caverns on the Texas and Louisiana coasts.   No prices were immediately available. (Reporting by Timothy Gardner; Editing by Lisa Shumaker)

Stolt Offshore Inks $135M Shell Deal

Norwegian offshore contractor Stolt Offshore was awarded a $135 million contract from Shell Petroleum Development Company in Nigeria for pipelay work. The contract, which has been awarded to a consortium of Stolt Offshore and DSNL, a subsidiary of the Adamac group of companies in Nigeria, is valued at $135 million to Stolt Offshore," it said in a statement. The contract for the pipelay is associated with the development of the Shell Offshore Gas Gathering System, which involves the the installation of two pipelines to link to the Bonga OGGS Riser Platform. A trunkline to connect to the Bonny Island Liquid Natural Gas plant will also be installed, it said. Pipelay operations will start in the third quarter of 2002.

Bouygues Offshore: Cawthorne Channel Pipelines, a $60 Million Contract in Nigeria

Bouygues Offshore has been awarded a contract with the Shell Petroleum Development Company of Nigeria Limited for the pipelines aspect of the Cawthorne Channel integrated project in Nigeria. The estimated value of the scope is $60 million. It calls for engineering, procurement, laying and commissioning of pipelines. For a total of 74 km with diameter from 4" to 24", the pipelines will be installed in the swamp area of the Niger Delta, south of Port Harcourt. The project duration is 19 months. Commenting on this project, Herve Le Bouc, Chief Executive Officer of Bouygues Offshore, stated: "The laying of large diameter pipelines in the swamp area is one of Bouygues Offshore's specialties.

Shell: Gas Leak Impacts Supplies to NLNG

Shell Petroleum Development Company Limited (SPDC) has declared force majeure on gas supplies to Nigeria LNG, effective 09:00 hrs (Nigerian time) on Wednesday, May 15 2013. This action is due to production deferment following a reported leak along the Eastern Gas Gathering System (EGGS-1) right-of-way (RoW) near Awoba in Rivers State. In line with safety precautions, we have shut down our Soku and Gbaran Ubie gas export via the EGGS1 pipeline. Some 1.5 billion standard cubic feet of gas per day is currently impacted. For a limited time and subject to capacity limitations, SPDC are able to export about 100-200MMscf/d from Soku via the GTS1.  

Stolt Offshore Announces $110 Million Contract

Stolt Offshore S.A. has secured a contract from Shell Petroleum Development Company (SPDC) in Nigeria for the ForcadosYokri offshore development in the Niger Delta. The $245 million contract has been awarded to a consortium of Stolt Offshore and the Nigerian company Suffolk which is part of the Adamac group. The Stolt Offshore share of the contract is $110 million. The Forcados Yokri project includes the expansion and refurbishment of existing shallow water oil and gas production and process facilities and the fabrication and the installation of a new production platform with a 250 tonne jacket and 1,300 tonne topsides. Stolt Offshore is responsible for all of the engineering…

Shell Offers $51M to Settle Nigeria Oil Spills

Royal Dutch Shell is ready to pay up to 30 million pounds ($51 million) in compensation for two oil spills in Nigeria in 2008 after a London court rejected a larger claim, sources involved in the case said on Friday. Around 11,000 residents of the Bodo community in the Niger Delta represented by law firm Leigh Day appealed in 2011 to a London court for more than 300 million pounds in compensation for the spilling of 500,000 barrels of oil. The sources said a Shell offer from September 2013 to settle the case for 30 million pounds remained on the table. The lawyer representing the claimants on Friday rejected the sum. "Shell have consistently sought to underestimate the damage whilst paying only lip service to an apology.

NAT Wins TC Contract with BP

Photo:  Nordic American Tankers

Nordic American Tankers Limited (NAT) has entered into a 2 year time charter (TC)  with British Petroleum (BP). This follow's NAT's TC arrangements with Shell, ExxonMobil and other major oil companies both in the West and in the East. "The minimum rate is well above our cash break-even level with an index linked formula providing for upside potential to NAT. Commencement is mid September; i.e. in about 10 days," said a statement from the company. "As an example of the income potential of NAT…

Shell to Decide on Iran's Persian LNG Project in 2007

Royal Dutch Shell PLC is to decide in 2007 whether to invest in Iran's Persian LNG project, its chief executive said on May 4. Speaking at a press conference, Jeroen van der Veer said "we are aware of the short-term developments," referring to international tensions surrounding the country's nuclear program. But he added "we intend to make a decision in the year 2007." In 2004, the National Iranian Oil Co. signed a framework deal in 2004 with Shell and Repsol YPF SA to form the Persian LNG production company, linked to the development of phase 13 of South Pars and valued at $1.5b. But no final investment has been made so far. Regarding Shell's plans in neighboring Iraq, van der Veer said the company would need a legal framework on petroleum in place in the country before investing.

RSC Bio Solutions Gains Kawasaki OEM Approvals

RSC Bio Solutions, a provider of high performance Environmentally Acceptable Lubricants (EALs) - hydraulic fluids, gear oils and greases - and industrial cleaners and solvents, said it has received OEM approvals for use in Kawasaki Heavy Industries’ Controllable Pitch Propellers (CPP) and side thrusters. The RSC EnviroLogic HF 68 HP was approved for use in Kawasaki Controllable Pitch Propellers (CPP). RSC EnviroLogic HF 68 HP is a high performance, readily biodegradable, synthetic ISO 68 grade hydraulic fluid. Intended for use in severe conditions, including extreme high temperatures (250°F / 121°C), low temperatures (-40°F / -40°C) and high pressure (5000+ psi / 34…

Shell Aims to Develop Arctic Oil Field

One of the world's biggest oil companies believes Arctic waters, including those north of Alaska, hold huge promise as an oil and gas frontier, according to a Petroleum News report. Facing depletion of its regular oil sources, Shell views the Arctic as a very tantalizing opportunity to develop new oil and gas resources. The company's views tend to support studies by academics and agencies that Arctic basins contain about 25 percent of the world's remaining undiscovered resources, according to the report. All of these basins are outside of the control of the Organization of Petroleum Exporting Countries, and most are unexplored and undeveloped.

New CEO at Dana Gas

Patrick Allman-Ward

Dana Gas PJSC, a publicly-listed natural gas company in the Middle East, has announced the appointment of Patrick Allman-Ward as the new Group CEO for the company with effect from September 1, 2013. The company, which is listed on the Abu Dhabi Exchange (ADX) and recently announced the successful refinancing of its $1 billion sukuk, conducted an extensive executive search process after the retirement last year of its CEO, Ahmed Al-Arbeed, who remains a Member of the Board. The incoming CEO Dr.

Polar Petroleum Appoints ARCO Alaska Veteran

Polar Petroleum Corp. appointed Mr. Donald W. Brizzolara to the Company's Advisory Board as Chief Geological Advisor. Mr. Brizzolara represents 25 years of experience in oil and gas exploration and development, geology and consulting experience for firms such as ConocoPhillips and Shell. Of particular importance to the Company, Mr. Brizzolara's background includes work on the Prudhoe and Kuparuk fields, which, together constitute the majority of the oil production on the North Slope (51% and 20%, respectively). Polar Petroleum's Hemi Springs Project is spread along the southwestern border of the Prudhoe Bay Unit, and lies to the southeast of the Kuparuk River Unit. Donald W.

Shell To Spend $1B To Develop Nigerian Field

Royal Dutch/Shell plans to spend $1 billion developing the 120,000 bpd shallow water EA field off Nigeria using an innovative funding scheme. "The acreage would be developed with no investment by the government, and the private joint venture partners bearing all of the up front cost," Group Managing Director Phill Watts said. The alternative funding scheme is intended to lift the financial burden of state-run Nigerian National Petroleum Corporation - the biggest shareholder in the joint venture operated by Shell, in which Agip and Elf-Aquitaine also hold stakes. EA Field has reserves of 350 million barrels and is due to come onstream in the second half of 2002, producing 100 million standard cubic feet of gas per day in addition to oil, a Shell official said.

Shell Starts Bonga Phase 3 in Nigeria

Photo: Shell

Shell Nigeria Exploration and Production Company Ltd (SNEPCo) announced the start-up of production from the Bonga Phase 3 project. Bonga Phase 3 is an expansion of the Bonga Main development, with peak production expected to be some 50,000 barrels of oil equivalent, Shell said. This will be transported through existing pipelines to the Bonga floating production storage and offloading (FPSO) facility, which has the capacity to produce more than 200,000 barrels of oil and 150 million standard cubic feet of gas a day.

Pakistan Awards Offshore Oil License

Pakistan granted an offshore oil and gas exploration licence on Friday to a consortium led by the state-run Government Holding Private Ltd (GHPL), according to a report on www.thepeninsulaqatar.com. Under the concession the company and its five Pakistani and foreign partners will spend $18m to drill an exploration well in the Indus E Block off the coast of Sindh province in 2006, the Ministry of Petroleum said in a statement. The block, covering an area of 7,389.95 sq km, is about 150km off the coast of Karachi in water more than 1,000 metres (3,280 feet) deep, it said. The other companies in the GHPL-led consortium — Shell Development and Offshore Pakistan…

Shell Green Lights GoM Field After Cost Cuts

Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water project economical despite low oil prices. The decision to pour billions of dollars into the Appomattox project comes as companies have scrapped around $200 billion of mega-projects in the wake of the sharp decline in oil prices over the past year. Shell has operated in the Gulf of Mexico for over 60 years. The region contributes about 17 percent of total U.S. crude oil production according to the Energy Information Administration and was the location in 2010 of the worst offshore oil spill in U.S. history, involving BP's Deepwater Horizon well.

CFE Awards 9-Cargo LNG Tender for Q4 Delivery

File Image: A typical LNG Carrier at Sea (CREDIT: MISC)

Mexico's state-run power utility CFE has picked Royal Dutch Shell and most likely Cheniere Energy to deliver nine liquefied natural gas (LNG) cargoes in the fourth-quarter, trade sources said.   Traders said Shell won most of the tender, which was awarded on Tuesday, with shipments to be spread across October, November and December into the Altamira terminal on Mexico's Atlantic coast, traders said.   Some traders said Cheniere took a share of CFE's requirement.   Reporting by Oleg Vukmanovic 

Canbank Venture Acquires Stakes in Anand Teknow Aids Engineering

(L to R)MS. RAGINI RANJAN (DIRECTOR, ANAND TEKNOW ENGINEERING), MR. RAKESH RANJAN (MD, ANAND TEKNOW ENGINEERING), MR. S.THIRUVADI (MD, CANBANK VENTURE CAPITAL FUND)

Canbank Venture Capital Fund Limited (CVCFL) has picked up approx 5% minority Equity stake in Anand Teknow Aids Engineering India Ltd, a Rs 300 crore closely held Public Limited company manufacturing hi-tech, engineering products for the Oil & Gas sector in India & Gulf. CVCFL has invested Rs 16 crore which will be utilized by the company for expansion of its ball valve plant at Talawade near Pune in India. Anand Teknow (ATAEI) has established itself as a leading engineering company in the last 4 to 5 years specifically in the field of manufacture & supply of Ball Valves to Oil & Gas sector.

CVCFL Acquires Stakes in ATAEI

Canbank Venture Capital Fund Limited picked up 5% minority Equity stake in Anand Teknow Aids Engineering India Ltd

Canbank Venture Capital Fund Limited (CVCFL) has picked up approx 5% minority Equity stake in Anand Teknow Aids Engineering India Ltd, a Rs 300 crore closely held Public Limited company manufacturing hi-tech, engineering products for the Oil & Gas sector in India & Gulf. CVCFL has invested Rs 16 crore which will be utilized by the company for expansion of its ball valve plant at Talawade near Pune in India. Anand Teknow (ATAEI) has established itself as a leading engineering company in the last 4 to 5 years specifically in the field of manufacture & supply of Ball Valves to Oil & Gas sector.

PetroChina, Qatargas and Shell Sign First Long-Term LNG Deal

Qatargas, Shell and PetroChina signed binding sales and purchase agreements that will lead to the long-term supply of liquefied natural gas (LNG) originating from The State of Qatar to the rapidly growing Chinese market. The agreements were signed in by His Excellency Abdullah bin Hamad Al-Attiyah, Deputy Prime Minister and Minister of Energy and Industry of Qatar, Jiang Jiemin, President of National Petroleum Corporation and Chairman of PetroChina Company Ltd and Ms. Linda Cook, Executive Director of Royal Dutch Shell plc. The LNG will be provided from the Qatargas 4 project in and shipped to PetroChina’s LNG receiving terminals upon the start-up of commercial operations of these facilities. The agreements are for 3 million tons per annum of LNG for 25 years.

Petronas-Shell Makes Fourth Discovery

CS Mutiara Petroleum Sdn Bhd, a 50/50 joint venture company between PETRONAS Carigali Sdn Bhd and Shell Exploration and Production Malaysia B.V., has made another gas discovery in Block PM301, off the northeast coast of Peninsular Malaysia. Drilling operations on Bumi South-1 well commenced on 25 February 2005. The exploration well, located in a water depth of 55 m was drilled to a total depth of 1650 m and encountered multiple gas zones. Further technical evaluation is required to determine the reserves. Bumi South-1 is the fourth discovery in Block PM301, following the recent exploration successes of Bunga Kamelia, Bunga Zetung and Bunga Anggerik. The latest discovery is located about 25 kilometres northwest of the Bunga Anggerik gas field discovered in November 2004.

Keppel Grows LNG Business

Keppel Offshore & Marine (Keppel O&M) announced it has secured contracts to build its first two dual-fuel diesel liquefied natural gas (LNG) harbor tugs, and signed a Memorandum of Understanding (MOU) with Keppel-Royal Dutch Shell plc (Shell) to jointly explore opportunities in using LNG as fuel. Keppel O&M's wholly owned subsidiary Keppel Singmarine Pte Ltd secured the tug contracts from Keppel Smit Towage Pte. Ltd and Maju Maritime Pte. Ltd. who have ordered one unit each. The two tugs are expected to use bunkering services provided by the joint venture company, FueLNG Ltd. The tugs will be built to Keppel's proprietary design which won the Outstanding Maritime R&D and Technology Award at the 2015 Singapore International Maritime Awards.

Maritime Reporter Magazine Cover Sep 2017 - Maritime Port & Ship Security Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News