Providencehelp Worldwide Foundation: 2014-08-31

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Saturday, 6 September 2014

Research looks at how oil, water mix in Gulf waters in spill aftermath

CORPUS CHRISTI, Texas – Studying the turbulence in Gulf waters is helping researchers understand how oil and water mix in the waters of the Gulf of Mexico -- data that will come in handy during the aftermath of an oil spill. Texas A&M University-Corpus Christi student, Jonathan Zikos, a senior environmental chemistry student of Dr. Darek Bogucki, Assistant Professor in the Department of Physical & Environmental Sciences, has spent the summer working on the data collected in 2012 near the site of the Deepwater Horizon oil spill, which released nearly 4.4 MMbbl of crude oil into the Gulf in 2010.

Ghana to double oil output by 2017 on Tullow, Eni deposits

ACCRA, Ghana (Bloomberg) -- Ghana will double crude production by 2017 as offshore deposits being developed by Tullow Oil Plc and Eni SpA start producing oil, Minister of Energy Emmanuel Armah-Kofi Buah said. Tullow’s TEN development will produce about 80,000 bpd by then, the minister said by phone Sept. 5. Eni’s Sankofa Gye-Nyame deposit will pump 50,000 bbl, he said. Production at Ghana’s Jubilee field will rise to 120,000 bbl from 110,000 today.

Rift Energy commences 2D Seismic program on Block L19

Rift Energy has commenced a 2D Seismic Program covering 680 line km on Block L19 in the Republic of Kenya. Data acquisition will take approximately 60 to 90 days, which will be followed by data processing and interpretation. Upon completion of the 2D Seismic Program, Rift Energy will have completed all of the minimum work requirements for the first two year exploration period under terms of the Block L19 Production Sharing Contract.

The 2D Seismic Program was designed to cover areas of interest resulting from an Aerial Gravity and Magnetic Survey (AGM) and a Geochemical Survey. Both surveys were completed during 2013 and yielded positive results.

The AGM formed the basis for a depth to basement map that identified multiple large basement structures and play types.

The Geochemical Survey resulted in indications of hydrocarbons over areas of interest identified by the AGM. As a result, the parameters of the 2D Seismic Program was designed to maximize the coverage of the identified areas of interest by these surveys.

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

BP ruling ‘wakeup call’ as risks mount in search for oil

NEW ORLEANS (Bloomberg) -- A U.S. judge’s watershed ruling means the final cost to BP Plc for the 2010 Gulf oil spill may eclipse $50 billion, wiping out years of profits and highlighting the risks of drilling as the industry pushes into more dangerous areas such as deeper waters and ice-bound Arctic fields. The Sept. 4 court decision that BP acted with gross negligence in the Gulf of Mexico disaster may hamstring the company financially as the industry’s search for resources becomes more expensive and dangerous. Companies including Exxon Mobil Corp. and Royal Dutch Shell Plc are also facing increasing pressure to show investors they can still grow as production declines.

Polarcus receives LoA for 3D seismic acquisition, two ice-class vessels, offshore Sakhalin

Polarcus receives LoA for 3D seismic acquisition, two ice class vessels, offshore Sakhalin DUBAI Polarcus Limited (Polarcus) reported that JSC Dalmorneftegeophysica (DMNG), which has a joint cooperation agreement with Polarcus, has entered into a contract for 3D marine seismic acquisition

Tullow Oil to sell Netherlands gas assets for $81 mn

Tullow Oil to sell Netherlands gas assets for $81 mn LONDON Tullow Oil Plc (Tullow) reported that its subsidiary Tullow Exploration & Production B.V., has entered into an agreement to sell its operated and non operated L12 L15 block interests

Searcher Seismic completes Pinatubo seismic survey in West Luzon basin

Searcher Seismic completes Pinatubo seismic survey in West Luzon basin LUZON, Philippines Acquisition of the Pinatubo multi client 2D seismic survey is now complete. The 3,510 km survey covering a 10 by 20 km grid in the West Luzon Basin

Oilex completes WA's SPA 17 AO work program, applies for exploration permit

Oilex completes WA' s SPA 17 AO work program, applies for exploration permit LEEDERVILLE, Australia Oilex Ltd has received the final interpretation report for the 4,060 line km gravity gradiometry magnetic survey (Survey) data conducted over SPA 17 AO (formerly STP

Keppel finalising contracts on second FLNG vessel conversion for Golar

Keppel finalising contracts on second FLNG vessel conversion for Golar SINGAPORE Keppel Shipyard Ltd (Keppel Shipyard), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), reported that it is in the process of finalising contracts with Golar

Shell to use G1 subsea well on Draugen field

Shell to use G1 subsea well on Draugen field STAVANGER, Norway Petroleum Safety Authority Norway (PSA) has reported that A S Norske Shell has received consent to use the G1 subsea well on the Draugen field. A S Norske Shell

Palfinger Marine sells complete offshore crane package to Aker Solutions for mariner platform

Palfinger Marine sells complete offshore crane package to Aker Solutions for mariner platform SALZBURG, Austria Palfinger Marine has sold a package of three travelling cranes and two foldable knuckle boom cranes to Aker Solutions for the use at the Mariner

Dolphin starts 3D seismic survey offshore Senegal

Dolphin starts 3D seismic survey offshore Senegal OSLO, Norway Dolphin Geophysical reported that they have formally been awarded the acquisition and processing of a 7,000 sq.km. SHarp Broadband 3D survey offshore Senegal by Kosmos Energy. The Dolphin high capacity 3D

Veolia wins Norwegian oil platform decommissioning project

Veolia wins Norwegian oil platform decommissioning project PARIS, France Veolia group, through its subsidiary Veolia Environmental Services UK, has won a prestigious contract to decommission a 14,000 tonne oil platform in the Norwegian North Sea. With a recycling goal of

‘Worst case’ BP ruling on Macondo means billions more in fines

NEW ORLEANS (Bloomberg) -- BP Plc faces billions more in potential penalties after a judge found it acted with gross negligence in the 2010 Gulf of Mexico oil spill, dealing a blow to the company’s efforts to expand its drilling program as costs rise and production slips. In a turning point after four years of legal wrangling over responsibility, U.S. District Judge Carl Barbier’s ruling laid the bulk of the blame on BP for the explosion, which killed 11 men and caused the largest offshore oil spill in U.S. history. Acting with gross negligence means BP will be exposed to as much as $18 billion in additional government fines and penalties. The London-based company has spent more than $28 billion on the accident so far.

Aker Solutions, Baker Hughes receive approvals for subsea alliance

STAVANGER and HOUSTON -- Aker Solutions and Baker Hughes have received the necessary regulatory approvals for the Subsea Production Alliance announced in April 2014. Earlier this year, Aker Solutions and Baker Hughes agreed to form an alliance to develop technology for production solutions designed to boost output, increase recovery rates and reduce costs for subsea fields.

Gazprom, PetroVietnam to develop Moc Tinh, Hai Thach to full capacity in 2016

MOSCOW – Gazprom and PetroVietnam plan to develop the Moc Tinh and Hai Thach fields, located on the Vietnamese shelf, to full capacity in 2016.

EMGS reports agreement with Statoil for 3D EM data acquisition in the Norwegian Sea

EMGS reports agreement with Statoil for 3D EM data acquisition in the Norwegian Sea TRONDHEIM, Norway Electromagnetic Geoservices ASA (EMGS) has received a supplement agreement from Statoil Petroleum AS worth approximately $1.0 million for multi client 3D EM data acquisition

CAMAC Energy awards contracts for seismic surveys at Kenya blocks L1B, L16

CAMAC Energy awards contracts for seismic surveys at Kenya blocks L1B, L16 HOUSTON, Texas CAMAC Energy Inc. reported that its wholly owned subsidiary, CAMAC Energy Kenya Limited, has awarded seismic contracts for the acquisition of 2D seismic surveys on Block

FSG orders MacGregor equipment for two well intervention vessels

FSG orders MacGregor equipment for two well intervention vessels HELSINKI, Finland MacGregor, part of Cargotec, has secured a contract from German shipyard Flensburger Schiffbau Gesellschaft (FSG) for the complete delivery of remotely operated vehicle (ROV) access doors and hatches for

Pemex awards Fugro $31.5 mn offshore survey

Pemex awards Fugro $31.5 mn offshore survey LEIDSCHENDAM, Netherlands Fugro (Mexico) in conjunction with long time associates, Constructora Subacuatica Diavaz, S.A. de C.V., has been awarded a large offshore multi site high resolution geophysical and geotechnical survey, by Mexico' s national

InterMoor opens new facility in Aberdeen

InterMoor opens new facility in Aberdeen ABERDEEN InterMoor, an Acteon company, has opened a major new storage, maintenance and inspection facility in Aberdeen, UK. The new base – on a three acre site with a warehouse, 20 permanent onsite staff

Lloyd's Register Energy approves a milestone offshore container design type

LONDON -- Lloyd’s Register Energy has approved the 200th cargo carrying unit design type for OEG Offshore, marking five years of collaboration between the two firms. OEG now has the widest range of current Lloyd’s Register approved CCU designs.

Atwood Oceanics announces delivery of Atwood Achiever

HOUSTON -- Atwood Oceanics has announced the delivery of the Atwood Achiever from the Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) shipyard in South Korea. The Atwood Achiever has commenced the mobilization phase of its drilling services contract with Kosmos Energy and is expected to arrive in northwest Africa in early December to conduct a three-year exploration drilling program.

Polarcus nets LOI for survey offshore West Africa

Polarcus Limited has received a Letter of Intent for a 3D marine seismic acquisition project for an undisclosed client offshore West Africa.

The project, subject to the execution of a service contract, is expected to run for approximately one month.

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

Delek gains to highest in month on Tamar, Leviathan gas deal

NETANYA, Israel (Bloomberg) -- Delek Group Ltd., the holding company that owns stakes in Israel’s two largest natural gas fields, advanced to the highest in a month after a gas export deal was signed with Jordan. The shares of the company, whose interests include the offshore Tamar and Leviathan fields, climbed 2.9% to 1,370 shekels, the highest since Aug. 4, at 1:38 p.m. in Tel Aviv. Volume was 87% of the three-month daily average, with the stock posting the biggest gain by percentage and index points on the benchmark TA-25 Index, which increased 0.6%.

Oil investment decline seen deeper than Norges Bank’s target

OSLO (Bloomberg) -- Oil and gas companies are predicting an 18% drop in investments in Norway next year, a bigger decline than factored in by the central bank in June and adding to pressure on interest rates. Investments will drop to 185.3 billion kroner ($30 billion) from a planned 227.3 billion kroner this year, Statistics Norway said Sept. 3 in a quarterly survey of producers and explorers. The companies in June predicted a 21% decline. Compared with forecasts for 2014 at the same time last year, the investments are seen declining 14%.

Mirach Energy's UNITEQ inks cooperation deal with CNOOC's EnerTech

Mirach Energy' s UNITEQ inks cooperation deal with CNOOC' s EnerTech SINGAPORE Mirach Energy Limited (the Company) reported that UniTEQ Energy Services Pte. Ltd. (UNITEQ), a wholly owned subsidiary incorporated in Singapore, has entered into a Cooperation Agreement with CNOOC EnerTech Drilling

Bureau Veritas acquires MatthewsDaniel, diversifies its services for the marine and offshore industry

Bureau Veritas acquires MatthewsDaniel, diversifies its services for the marine and offshore industry PARIS, France Created in Houston, Texas, in 1962, MatthewsDaniel is headquartered in London and has operations in Europe, the Middle East, Asia and the Americas. The company

Lukoil said to have found oil offshore Ghana

MOSCOW (Bloomberg) -- OAO Lukoil, Russia’s second-largest oil producer, has made a discovery at Ghana’s offshore Cape Three points project, according to a person with direct knowledge of the development.

Statoil, DNV GL drive standardization of subsea factory interfaces

STAVANGER, Norway -- Subsea processing systems are tailor-made to meet field-specific requirements and components. Now Statoil is taking the initiative to standardize the interfaces for subsea processing plants on the seabed, also known as Subsea Factory. DNV GL is being asked as an independent party to initiate a Joint Industry Project (JIP) that will develop the standard. The JIP is open to operators to collaborate in ensuring major benefits throughout the subsea supply chain.

Halliburton to pay $1.1 bn to settle Macondo lawsuits

HOUSTON (Bloomberg) -- Halliburton Co. agreed to pay $1.1 billion to settle a majority of lawsuits brought over its role in the largest offshore oil spill in U.S. history. The agreement is subject to court approval and includes legal fees, the Houston-based company said in a statement Sept. 2. Halliburton was accused by spill victims and BP Plc of doing defective cementing work on the Macondo well before the April 2010 Gulf of Mexico oil spill. Halliburton blamed the incident on decisions by BP, which owned the well.

RDS wins FEED contract for Sea Lion development

LONDON -- RDS has been awarded a front-end engineering design (FEED) contract by AMEC for Premier Oil’s Sea Lion development in the North Falklands basin. RDS is the rig design and engineering subsidiary of international drilling and engineering contractor, KCA Deutag.

Vaalco Energy provides update on offshore Gabon operations

Vaalco Energy provides update on offshore Gabon operations HOUSTON, Texas Vaalco Energy, Inc. provided an update on recent activities offshore Gabon. Production from the Etame Marin block has resumed after the successful completion of previously reported maintenance work on the

Rosneft, ExxonMobil begin Laptev Sea survey

Rosneft, ExxonMobil begin Laptev Sea survey MOSCOW Rosneft and ExxonMobil started 2D seismic exploration at the Anisinsko Novosibirsky and Ust Oleneksky license blocks in the Laptev Sea. 2D seismic exploration work plans to acquire up to 6 thousand linear km,

Van Oord orders subsea rock installation vessel from China's Sinopacific

Van Oord orders subsea rock installation vessel from China' s Sinopacific ROTTERDAM Van Oord has ordered a new subsea rock installation vessel. Sinopacific Shipbuilding Group Shanghai will build the vessel at its Ningbo yard in China. The vessel will be delivered

IKM clinches contract from Shell for Malikai project offshore Sabah

IKM clinches contract from Shell for Malikai project offshore Sabah SOLA, Norway IKM Group will provide a riserless top hole mud circulation system to Shell on the Malikai project offshore Sabah, Malaysia. This contract award is an important milestone for

Exxon reports fire, oil spill at Nigeria terminal

Exxon Mobil Corp. said thunderstorms caused a tank fire June 27 and an oil spill today, June 29, at the Mobil Producing Nigeria Qua Iboe Terminal it operates in Akwa Ibom state.

Offshore production and loading of oil continue, the Irving, Texas-based company said in an emailed statement. No fatalities or injuries were reported. The amount of oil lost to the fire and spill hasn’t been calculated, the company said.

Lightning ignited the tank and the fire was extinguished by noon local time June 27, according to the statement.

Lightning knocked out power to the terminal again today, resulting in a spill. Emergency response systems were activated to contain it, shoreline restoration has begun and relevant authorities and community leaders notified, according to the statement.

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

Sunday, 31 August 2014

Bibby Offshore eyes NCS expansion with Stavanger office

STAVANGER, Norway -- Bibby Offshore is opening a new office in Stavanger, Norway. The Norwegian office for Bibby Offshore will be headed by Arne Lier. The company is currently participating in a number of tenders in the Norwegian Continental Shelf and is focusing on expanding its existing services to offshore operators in the region, benefiting from the depth of relationship that Bibby Offshore already has with the UKCS divisions of many operators.

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Saturday, 6 September 2014

Friday, 5 September 2014

Thursday, 4 September 2014

Wednesday, 3 September 2014

Tuesday, 2 September 2014

Monday, 1 September 2014

Sunday, 31 August 2014