Range Resources said it has entered into an agreement with an affiliate of Cheniere Energy to supply gas to the Sabine Pass LNG terminal on the Gulf Coast. The Sabine Pass facility is expected to commence service in late 2015. Range is expected to supply gas to the facility for five years starting i
Minister for Tourism, Commercial Affairs, Public Transport and the Port Neil Costa MP has officially inaugurated the new Sandy Bay after a considerable public investment to recover one of the Rock’s best beaches. The Sandy Bay project brought three ministries together in an inter-ministerial committ
Karoon Gas Australia Ltd. has reported that as at 0600 WST on 27 June 2014 preparations were being made to start drilling in the 6-1/2″ hole section of the Pharos-1 well, offshore W. Australia. The current well depth is 4,950mRT. Since the last update, the 8-1/2″ hole section was drilled from 4,570m
The International Seabed Authority and the Government of the Republic of Korea have signed a 15-year contract for exploration for polymetallic sulphides. The contract was signed in Kingston on 24 June 2014 by the Secretary-General of the Authority, Nii Allotey Odunton and in Seoul on 15 June 2014 by
Ithaca Energy Inc. has announced completion of flow test operations on the third development well on the Stella field in je UK North Sea, with the well achieving a flow rate of 12,492 barrels of oil equivalent per day (“boepd”). Well 30/6a-B1Z (“B1”) is the third development well drilled on the Stel
The Technip-DeepOcean PRS Joint Venture has been awarded by Statoil ASA a new frame agreement for Pipeline Repair System (PRS) Pool services. Starting on December 1st, 2014, the agreement will have a firm duration of five years as well as three optional periods of two years each. The contract was se
Excelerate Energy and Petrobangla have reached agreement on terms for the development and operation of Bangladesh’s first LNG import terminal. The agreement includes the provision of one of Excelerate’s existing floating storage and regasification units (FSRU) under a 15-year long-term charter, as w
The U.S. Army Corps of Engineers (USACE) has completed its post-Superstorm Sandy beach repair and restoration projects along the Monmouth County coastline prior to the Fourth of July kickoff of the summer tourism season. The completion of sand fill in Long Branch by USACE’s New York District last we
Norwegian oil giant Statoil is yet to decide on the concept for the development of the Johan Castberg field in the Barents Sea. As reported by Reuters today, Statoil’s CEO Helge Lund said that the company needs more time mature the concept adding it will not take long before Statoil reveals more inf
TGE Marine has secured two contracts from Nantong Cosco Kawasaki Shipyard (NACKS) for the engineering and delivery of fuel gas packages including LNG tanks for two car carriers ordered at the yard by UECC. These ships shall operate in the ECA zones of the North Sea/Baltic Sea and consequently run on
On June 26, 2014 in Vladivostok Rosneft President, Chairman of the Management Board Igor Sechin took part in the annual general meeting of shareholders of the Far Eastern Shipbuilding and Ship repair center (FESRC); its Board of Directors is also headed by Igor Sechin. In the course of the AGM the a
Tangiers Petroleum Limited has advised that the Ralph Coffman jack-up rig started drilling operations at the TAO-1 exploration well, offshore Morocco on the 26th June 2014. The TAO-1 well is located within a proven petroleum system, adjacent to the Cap Juby heavy oil discovery and has been designed
After conducting test runs in the traditional Hatteras Inlet ferry channel Monday, NCDOT’s Ferry Division has announced that the channel is still unsafe for ferry operations. As a result, Hatteras-Ocracoke ferry service will continue to run the “alternate” route until more dredging can be completed
Fred. Olsen Energy ASA has signed a new six-year bank credit facility of up to $2 billion. The company said in the release that the credit facility will be used to repay existing bank loan, full-finance the newbuild Bollsta Dolphin semi-submersible drilling rig and for general corporate purposes. Th
