Providencehelp Worldwide Foundation: 2014-08-10

Providencehelp Worldwide Foundation

O'Providencehelp Worldwide Foundation is a leader in the of Nigerian Bonny Light Crude Oil (BLCO) sales market. As a privately held company, O'Providencehelp Worldwide Foundation Ltd is committed to and is focused on delivering reliable services to all her clients. Providencehelp Worldwide Foundation Limited is determined to continue to grow in the energy sector and to become one of the recognized leaders in the Nigerian oil and gas industry.

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Saturday, 16 August 2014

Circle Oil spuds exploration well offshore Tunisia

Circle Oil has started drilling the EMD-1 well, on the offshore Mahdia Permit, using the drillship PetroSaudi Discoverer.

The well is located within the vicinity of many producing fields, including the Tazerka, Birsa, Oudna, and Halk El Menzel oil fields, and the Maamoura gas field. The well is planned to test the play potential of the El Mediouni prospect, including the primary Birsa Sands target and the secondary fractured carbonates of the Ketatna Formation.

The Birsa Sands alone have a management pre-drill P50 estimate of 185 MMbo STOOIP. The primary target, the Birsa Sands, is expected at 1,260 m MD with the Ketatna Carbonates at 1,460 m MD. The management view on the recoverable prospective resources estimate for the El Medouini prospect is 46 MMbo for the Birsa Sands objective alone. This is substantially larger than the recoverable commercial threshold for the area which stands at approximately 10 MMbo.

Depending on progress rates the well is expected to take approximately 5-7 weeks to drill.

Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By Providencehelp Worldwide Foundation, online.

Friday, 15 August 2014

Kvaerner and KBR to establish JV for Johan Sverdrup contracts

OSLO, Norway -- Kvaerner and KBR, Inc., announced today that they will establish a JV to competitively bid on offshore platform topsides contracts for the Johan Sverdrup field development offshore Norway.

Rosneft to drill Norway Arctic well with Statoil amid sanctions

STAVANGER, Norway (Bloomberg) -- OAO Rosneft is preparing to drill its first well offshore Norway with Statoil ASA, even as Russia and its biggest oil company face the strictest sanctions yet over the conflict in Ukraine.

Bright well in deepwater Gulf of Mexico turns up dry

Bright well in deepwater Gulf of Mexico turns up dry HOUSTON Noble Energy announced that the Bright exploration well in the deepwater Gulf of Mexico reached the targeted Upper and Middle Miocene objectives and did not encounter hydrocarbons. Drilled to

Giant turret module for Shell's Prelude FLNG sets sail for South Korea

Giant turret module for Shell' s Prelude FLNG sets sail for South Korea DUBAI The largest piece of the turret for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) facility has set sail from Dubai for the Samsung Heavy Industries shipyard in

Researchers develop new method for oil detection in water

CORPUS CHRISTI, Texas -- A new method for detecting oil degradation in the water, long after the spill has disappeared from the surface, provides another tool for researchers studying long-term environmental impacts.

India increasingly dependent on imported fossil fuels as demand rises, says EIA

WASHINGTON, D.C. -- India' s dependence on imported fossil fuels rose to 38% in 2012, despite the country having significant domestic fossil fuel resources. India ranked as the fourth-largest energy consumer in the world in 2011, following China, the U.S. and Russia. The country' s energy demand continues to climb as a result of its dynamic economic growth and modernization. India is the third-largest economy on a purchasing power parity basis, and has the world' s second-largest population, according to World Bank data.

Libya’s biggest oil port may open in August, rebels say

Libya’s largest oil-export terminal, the port of Es Sider, may re-open in August after the North African nation’s new parliament takes office, said a spokesman of the rebel group that shut the facility almost a year ago.

“It’s possible to solve all issues and get to an agreement to re-open Es Sider and Ras Lanuf when the new parliament starts working, God willing, after Ramadan,” Ali Al-Hassy, a spokesman of the Executive Office for Barqa, said by phone from eastern Libya.

Ras Lanuf is the second of two ports still under control of the Barqa rebels. The Muslim fasting month of Ramadan started today, June 29, in Libya and will finish with the Eid El Fitr holiday at the end of July.

The rebels’ Executive Office for Barqa seeks self-rule for the region known also as Cyrenaica. It occupied oil ports in eastern Libya at the end of last July, demanding an oil-revenue sharing agreement to make up for the neglect the area experienced under Muammar Qaddafi’s 42-year rule.

Libya, with Africa’s largest oil reserves, is now producing about 300,000 bpd, or a fifth of its output before Qaddafi was overthrown in 2011. The loss of the country’s oil production has boosted the price of Brent, a benchmark for half the world’s traded crude.

Deal

Under an agreement reached on April 6, the Barqa federalists handed over control of Zueitina and Hariga, two of the four oil ports they seized a year ago. In return, they received an amnesty and the payment of salaries for defectors from Libya’s Petroleum Facilities Guard who joined the rebels.

The accord calls for a second round of talks aiming at a comprehensive deal that would allow the re-opening of the two remaining ports, Es Sider and Ras Lanuf.

The Barqa federalists last month threatened to cancel the April agreement in protest over the appointment as prime minister of Ahmed Maiteg, whom they see as allied with the nation’s Islamists. His appointment was later withdrawn, and elections were held last week for a new parliament.

Danske Bank on June 19 raised its third-quarter forecast for Brent crude to $107 a barrel, from $104, on the turmoil in Iraq and the protests at oil sites in Libya. “We expect the oil price to stay in the $108-114 a barrel range over coming months, as it will take some definitive progress in Iran and Libya for the oil price to break below this range,” it said.

Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By Providencehelp Worldwide Foundation, online.

Wednesday, 13 August 2014

ADX Energy secures 2 year extension for Kerkouane permit offshore Tunisia

ADX Energy secures 2 year extension for Kerkouane permit offshore Tunisia WEST PERTH, Australia ADX Energy Ltd (ADX) reported that the TunisianAuthorities (Comite Consultatif des Hydrocarbures) have approved a 2 year extension of the Exploration period for the Kerkouane permit

Statoil selects Kongsberg for Johan Castberg project

Statoil selects Kongsberg for Johan Castberg project ASKER, Norway Kongsberg Oil & Gas Technologies AS, a wholly owned subsidiary of Kongsberg Gruppen ASA (Kongsberg), has been awarded a contract for delivery of Extended Concept Study and Pre Front End Engineering

Petrobras says well in Jupiter area confirms subsalt discovery

Petrobras says well in Jupiter area confirms subsalt discovery RIO DE JANEIRO, Brazil Petrobras has confirmed the extension of the Jupiter discovery in the Santos Basin pre salt block BM S 24 following drilling operations at well 3 BRSA 1246

ONGC net misses estimates as cost of drilling dry wells doubles

ONGC net misses estimates as cost of drilling dry wells doubles RAKTEEM KATAKEY and DEBJIT CHAKRABORTY NEW DELHI ONGC’s first quarter profit missed analyst estimates after India’s biggest explorer doubled costs for drilling dry wells and sold crude at a

Pemex gets all fields with probable reserves before Round Zero

Pemex gets all fields with probable reserves before Round Zero ADAM WILLIAMS MEXICO CITY (Bloomberg) Pemex, preparing for the end of its 76 year state oil monopoly, was granted rights to all the proved and probable oil reserves it sought

Beach Energy finds oil at Balgowan-1 exploration well in PEL 91 in Cooper basin

Beach Energy finds oil at Balgowan 1 exploration well in PEL 91 in Cooper basin GLENSIDE, Australia Beach Energy Ltd (Beach) reported that oil was discovered in the Namur Sandstone and McKinlay Member at Balgowan 1, an exploration well in

CIMC Raffles delivers jackup Coastal Driller 4001 to Coastal Contracts

CIMC Raffles delivers jackup Coastal Driller 4001 to Coastal Contracts YANTAI, China On August 13th ,2014, JU2000E 400 ft Coastal Driller 4001, constructed by CIMC Raffles was delivered to Coastal Contracts Bhd as the ninth jack up in Yantai. Coastal

Circle Oil starts drilling SAH-W1 well in Sebou permit, Morocco

Circle Oil, reported the preliminary results of drilling of the well SAH-W1 in the Sebou Permit, onshore Morocco.

The well is located within the western central area of the Sebou Permit, about 3.2 km to the south west of the main gas gathering station. The well was spud on 19 May and drilled to a TD of 1,263 m MD. Gas shows were encountered at three levels within the target Guebbas sands, but seven inch casing had to be installed (due to mechanical problems) before drilling a six inch hole through the main target interval. The wireline logging confirmed the presence of three gas-bearing zones, and subsequent pressure testing in the six inch hole confirmed permeable high pressure reservoirs.

The rig has been released from this site before running the 4.5 inch liner as this is a non-standard size for drilling these wells and this is being sourced to test and complete the well for production in the future. The net pay from wireline log analysis is 6 m in the Top Guebbas, 6 m in the main target Intra Guebbas and 3 m in the lower part of the Intra Guebbas. The plan is to produce the three zones sequentially from the bottom up, where the highest pressure is present.

Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By Providencehelp Worldwide Foundation, online.

Lundin Petroleum acquires interest in PL674, offshore Norway

Lundin Petroleum acquires interest in PL674, offshore Norway STOCKHOLM, Sweden Lundin Petroleum AB (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) reported that it has entered into agreements to acquire a 35% interest in PL674. Lundin

CGG awarded major OBC contract by Pemex

PARIS -- Pemex has awarded CGG a contract worth close to $200m for ocean bottom cable (OBC) 3D-4C seismic work in one of the oil company’s most important producing areas, the Ku Maloob Zaap oil field and the light crude oil fields of the Bay of Campeche in the Gulf of Mexico.

OneSubsea, Helix and Schlumberger to form subsea well intervention alliance

HOUSTON -- OneSubsea, a Cameron and Schlumberger company, Helix Energy Solutions Group, Inc. and Schlumberger today announced that they have entered into a letter of intent to form an alliance to develop technologies and deliver services to optimize the cost and efficiency of subsea well intervention systems.

Mexico enacts energy initiative, to decide on blocks for bidding this week

MEXICO CITY -- Mexican President Enrique Pena Nieto today signed into law the rules governing the country' s historic opening of the state-run oil, gas and electricity industries to foreign and private companies.

Roxi Petroleum provides update on discovery at BNG

Roxi Petroleum provides update on discovery at BNG ALMATY, Kazakhstan Roxi Petroleum updated the market with news of the deep discovery at its flagship BNG asset. Background The BNG Contract Area is located in the west of Kazakhstan 40 kms

Putin praises alliance with Exxon as Arctic drilling starts

SOCHI, Russia (Bloomberg) -- President Vladimir Putin lauded Russia’s “old and reliable partner” Exxon Mobil Corp. as he gave the command for the U.S. energy company and ally OAO Rosneft to begin drilling a $700 million Arctic Ocean oil well. Putin, Rosneft Chief Executive officer Igor Sechin and Exxon’s Russia head Glenn Waller, undeterred by the crisis in U.S.-Russian relations, together welcomed the start of the country’s northernmost well. It’s the first step in a quest for new energy resources to help maintain oil production near a post-Soviet high of more than 10 MMbpd.

Unique Hydra unveils the HYDRACraft series

Unique Hydra has received its second order this year for the company' s diving daughtercraft system, the HYDRACraft. Unique Hydra has spent the past twelve months engaging with clients to understand their diving daughtercraft operational and equipment requirements and developing a purpose built vessel which includes a fully integrated dive system.

Diving Daughtercraft systems are used in diving operations where the conventional diving DSV is not able to position itself close enough to an FPSO or offshore platform. The daughtercraft is fitted with surface supplied diving systems capable of supporting Nitrox and/or air diving operations and is assisted by an additional “support craft” that transfers personnel and supplies during the diving operations.

The mother vessel, barge or platform is outfitted with davits for the daughtercraft and support craft as well as support equipment, including the decompression chamber, gas storage and compressors.

Currently, two designs of the purpose designed diving daughtercraft are available, the HYDRACraft 1400 14m 8 man, and the HYDRACraft 1500 15m 10 man. The HYDRACraft design considers features and attributes required for safe and effective diving operations.

Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By Providencehelp Worldwide Foundation, online.

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