Despite Protests Gazprom Starts Arctic Oil Production
Gazprom says it has started producing oil from the Prirazlomnoye field, which is the first Russian project for developing the Arctic shelf and the commencement, they say, of their large-scale activities aimed at creating a large hydrocarbon production center in the region. The Prirazlomnoye oil field [scene of an earlier Greenpeace protest] is located in the Pechora Sea, 60 kilometers off the shore. The recoverable oil reserves amount to 71.96 million tons, projected oil production comes up to some 6 million tons a year (to be reached after 2020).
Subsea Production, Arctic Shelf Oil, Gazprom 2013 Milestones
Gazprom lists amongst its 2013 achievements: the first subsea gas production facility by any Russian company, and secondly, extraction of the first oil from the Russian Arctic Shelf. Russia's first subsea production facility was successfully tested in the Kirinskoye field within the Sakhalin III project. The subsea production facility makes it possible to produce gas with no platforms or other above-water facilities. The Kirinskoye field and other fields within the Sakhalin III…
Barents Sea Driller Seeks Partner
The Prirazlomnoye field will be the first offshore oil field in the Russian Arctic to start production. After numerous postponements, the field is now to start producing oil early 2013 reports the 'Barents Observer'. Russia’s third biggest oil producer is negotiating with foreign companies over a possible partnership at the Dolginskoye field. “We believe it will be right to include partners in order to share and reduce the technological risks,” company President Aleksandr Dyukov told journalists. He confirms that negotiations are being held with several companies, but does not want to name the candidates, Oilru.com reports. Gazprom Neft, a subsidiary of Gazprom, in 2010 took over the licenses to the Dolginskoye field, as well as the Prirazlomnoye field, from its mother company.
Maersk's 3Q Profit Beats Street
Danish shipping and oil group A.P. Moller-Maersk's third-quarter net profit beat expectations, boosted by a strong performance at its container shipping business Maersk Line. Net profit rose 25 percent to $1.5 billion compared with the same period last year, Maersk said on Tuesday, beating an average forecast of $1.38 billion in a Reuters poll of analysts. It stuck to its forecast for an underlying profit for the full year of around $4.5 billion, but raised its net profit forecast for Maersk Line - the world's largest container shipping company - to above $2 billion from a previous forecast of "significantly" above $1.5 billion. The group said its improved results were due to strong performances at its main units of Maersk Line, Maersk Oil and port operator APM Terminals.
TEN Orders1A Ice-Class Suezmaxes
Tsakos Energy Navigation Limited (TEN) announced that it has ordered two suezmax, double hull, 1A ice-class tankers, with carrying capacity of 162,400 dwt each. The vessels are scheduled for delivery in the first half of 2007. Both vessels are to be constructed by Hyundai Heavy Industries (HHI), and represent the 26th and 27th vessels in TEN's newbuilding program since 1997. The vessels are specifically designed to meet the stringent requirements of classification societies and other regulatory bodies, the rules and guidelines of oil majors and various port authorities and terminals relating to environmental protection. Additionally, the 1A ice class specification ensures that the vessels will be able to operate in ice blocked ports.
Keppel Wins SBM FPSO Conversion Deal
As energy markets start to rebound, Keppel Shipyard Ltd. secured a Floating Production Storage and Offloading vessel (FPSO) conversion contract from SBM Offshore N.V. (SBM Offshore). The contract calls for a VLCC to be converted into an FPSO, to be deployed to the Liza field, located approximately 193km offshore Guyana in the Stabroek block. The shipyard's work scope includes refurbishment and life extension works, such as the upgrading of living quarters, fabrication and installation of spread mooring systems, as well as the installation and integration of topside modules. The converted FPSO will have a storage capacity of 1.6 million barrels of crude oil and is capable of producing up to 120,000 barrels of oil per day.
Dordrecht Inland Seaport to Get LNG Bunker Station
The Port of Rotterdam Authority wants a new multi-fuel bunkering station for refuelling with LNG and other cleaner fuels. The anticipated location of the bunkering station is Krabbegors/Duivelseiland at Dordrecht Inland Seaport. The Port of Rotterdam Authority and PitPoint.LNG have therefore signed a declaration of intent regarding a joint investigation into the construction of such a multi-fuel bunkering station. “As operator of Europe’s largest port, the Port Authority sees…
Chevron Starts LNG Output at Wheatstone Project
Chevron Corporation announced it has started producing liquefied natural gas (LNG) at the Wheatstone Project in Western Australia. The first cargo is on track to be shipped in the coming weeks. “First LNG production is a significant milestone and is a credit to our partners, contractors and the many thousands of people who collaborated to deliver this legacy asset,” said Chevron Chairman and CEO John Watson. At full capacity, the Wheatstone Project’s two train LNG facility will supply 8.9 million metric tons per year of LNG for export to customers in Asia.
Aker Solutions Slow Out of the Blocks
"The slow start to 2013 is truly disappointing," says Øyvind Eriksen, Executive Chairman of Aker Solutions ASA. Aker Solutions decided to disclose preliminary information on its financial performance in the first three months of 2013 as the results so far considerably lag current consensus market estimates. Aker Solutions expects to report revenue of NOK 11.1 billion and earnings before interest, tax, depreciation and amortisation (EBITDA) of NOK 868 million for the first quarter of 2013. The earnings were impacted by increased costs at the Ekofisk Zulu platform project as work was accelerated to ensure the platform will be transported from the Egersund yard to the Ekofisk field in mid-June and start producing oil by October 2013.
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. The appointments were announced today during NOIA’s fall meeting in Jackson Hole, Wyoming, where the association is commemorating 45 years of commitment to America’s offshore energy industry. Today, the oil and gas industry, long centered in the Gulf of Mexico, produces 17% of America’s domestic oil and 5% of our domestic natural gas, while off the coast of Rhode Island…
Corpus Christi: Energy Port of the Americas
The Port of Corpus Christi lives up to its moniker ‘Energy Port of the Americas,’ as the movement of energy in and out dominates the port’s history and future. John P. LaRue, Executive Director, Port Corpus Christi recently visited Maritime Reporter’s headquarters in New York to discuss the nearly $50 billion in investment projects driving the port forward. “Let’s just start with what we are and what we are not,” said LaRue. “We are not a container port. Up until a few years ago we were an oil import port (serving) three refineries: Citgo, Valero and Flint Hills Resources.
Arctic Research Explores the ‘Roomba’ Approach
The pace and quality of oil spill research in the United States typically ebbs and flows as a function of two, if not three important variables. First, after the 1989 Exxon Valdez grounding, there was a flurry of activity to ramp up oil spill research because it had been dormant for so long. The need was recognized, with plenty of money made available. Primarily, this research centered on conventional spill remediation techniques – for example, a tanker or barge spilling oil – and not much else. Predictably, when memory of the spill faded, so did interest in research and funding followed.
Newest Outpost for US Crude Exports: India
India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of U.S. grades to diversify their imports. U.S. exports recently set a weekly record with nearly 2 million barrels of crude a day sent overseas. But shipments to India have been rare, with just a few deliveries since the U.S. lifted its ban on crude exports in late 2015. Indian refineries are starting to increase purchases as the country seeks to secure more supply from outside the Middle East. Refiners are testing both U.S.
Search Suspended for Worker Missing in US Oil Platform Blast
The U.S. Coast Guard has suspended the search for a worker missing from an oil production platform in Louisiana's Lake Pontchartrain that exploded and caught fire late on Sunday. Missing is Timothy Morrison, 44, of Katy, Texas, the Coast Guard said in a statement. Seven other workers were sent to hospital with injuries in the incident. "The decision to suspend a search is never an easy one," Commander Zac Ford said in the statement. Coast Guard rescue crews battled 4 foot to 5 foot (1.2 meter to 1.5 meter) waves during the search, and a helicopter joined them at daybreak after overnight efforts failed to locate Morrison, officials said at a briefing on Monday.
SCHOTTEL Thrusters Propel New Australian Dredger
A newly built 60-meter trailing suction hopper dredger Tommy Norton started work to deliver safe and reliable ocean access for the commercial vessels, oil and gas suppliers and commercial fishing fleet that cross the entrance bar to the Gippsland Lakes area. The dredger is the first built by Damen Shipyards Group for Australia, and features propulsion is provided by two SCHOTTEL Rudderpropellers type SRP 330 fixed pitch. Capable of dredging to depths of 15 meters, the dredger…
BP Platform ‘Atlantis’ Begins Gas Exports
BP Plc and BHP Billion Ltd. have started oil and gas exports from the Atlantis platform in the Gulf of Mexico. Atlantis, located about 150 miles south of New Orleans in 7,070-ft. of water, is designed to produce 200,000 barrels of oil and 180 million cubic feet of natural gas per day. The Atlantis started production in October and is expected to reach its capacity by the end of 2008.
Shell Starts Bonga Phase 3 in Nigeria
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.
ERMA FIRST BWTS Receives USCG Type Approval
Ballast water treatment system (BWTS) manufacturer ERMA FIRST said it has received a U.S. “After a long and continuous period of working on the USCG program, we are thrilled to we have managed to fit for purpose. This time our ‘purpose’ was the compliance with the USCG rules. In our core business model, environmental compliance is the key point to any sustainable marine/ocean activity. ERMA FIRST BWTS FIT is the first full flow electrolysis BWTS to obtain USCG Type Approval and comply with the latest regulations worldwide,” said Dr. Efi Tsolaki, Chief Scientific Officer at Research & Development Department of ERMA FIRST. ERMA FIRST BWTS FIT is a modular system developed to exceed all special installation requirements either for New Building vessels or any retrofit projects.
Matrix Global Plans U.S. Crude Storage Deal
Matrix plans sweet crude storage futures at LOOP. Matrix Global Holdings is planning to start up an oil storage futures contract for low-sulphur crude oil that will enable companies to build up supplies for export cargoes, as Asia looks for more crude imports from the United States. The contract will give holders access to low-sulphur, or sweet, crude oil storage space at the Clovelly, Louisiana, terminal operated the Louisiana Offshore Oil Port (LOOP). The contract is expected to start up in about six months, Richard Redoglia, Matrix's chief executive officer told Reuters.
Gazprom Neft Starts Oil Production, Shipments from Iraqi Badra Field
Russia's Gazprom Neft said on Monday it started commercial production and shipments of oil produced at its Iraqi Badra oil field. Gazprom Neft, the oil arm of state gas company Gazprom , said that first oil was to be delivered via Iraq's pipeline system to the export terminal in Basrah. "Current deliveries from Badra to the pipeline stand at over 15,000 barrels of oil per day and this level should be maintained until the end of 2014," the company added. (Reporting by Katya Golubkova; Editing by Lidia Kelly)
Production Begins at North Sea Golden Eagle Field
Denmark's Maersk Oil, a unit of conglomerate A.P. Moller-Maersk , said on Monday oil production from the Golden Eagle field in Britain's North Sea had started. There are two Golden Eagle wells with potential to produce about 18,000 barrels of oil per day. Nexen Petroleum, a subsidiary of Chinese state-run CNOOC , has a 36.54 percent interest in the development and is the operator. Maersk Oil holds a 31.56 percent interest, Suncor Energy has 26.69 percent and Edinburgh Oil and Gas has 5.21 percent. Reporting by Ole Mikkelsen
Fire Aboard Teekay-owned FPSO Petrojarl Knarr
A fire started aboard the Teekay-owned FPSO Petrojarl Knarr this morning. The fire was the second aboard the FPSO unit, which was built in 2014, during its young life at sea. The blaze occurred just a week after the Petrojarl Knarr produced its first oil from the Knarr field in the North Sea. The fire erupted west of the Norwegian coastal town of Florø. The 100-member crew on board were all safe and Norwegian authorities quickly controlled the fire, according to TradeWinds. The previous fire occurred in October, when the unit was working for the UK's BG Group.
Libya Reaches Deal to Reopen Brega Oil Port
Libya state oil company National Oil Corp (NOC) has reached a deal with security guards to end a protest at eastern Brega oil port, which is expected to allow the terminal to reopen on Tuesday, a company spokesman said. Reopening Brega would allow the state-run Sirte Oil Company to start producing again and further boost Libya's output after an end to other port and oilfield protests. Late last week, the NOC said production was around 555,000 barrels per day. (Reporting by Feras Bosalum; writing by Patrick Markey, editing by David Evans)