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i called alphatrade- 877-288-7799 the recording say there a fire there
its on cnbc
my understanding is bush is pasting a law,prosecution of the short sellers all kind of oil stock wow
wow order came in at 32000
* CHANGE % CHANGE TIME
Nymex Crude Future 141.63 5.58 4.10 14:53
Dated Brent Spot 141.08 4.94 3.63 15:23
WTI Cushing Spot 139.11 3.06 2.25 14:22
fazoolius, there so much action's all over the world
Oceaneering Scores Subsea Contract for Services on GOM's Perdido
by Oceaneering International, Inc.
Wednesday, July 09, 2008
Oceaneering International, Inc. announced it has recently been awarded a contract by Shell for the fabrication and installation of subsea hardware on Shell's ultra-deepwater Perdido Regional Development project in the U.S. Gulf of Mexico (GOM).
Engineering and fabrication of the hardware to be provided under the contract has commenced. This hardware includes 29 flowline and well jumper spools, a pipeline tie-in sled, and related products. Hardware installations are scheduled to begin later this year. Installation services are planned to be performed using Oceaneering's dynamically positioned vessels, including the Olympic Intervention IV (OI IV) that will soon be
available for service.
The Perdido Development is located approximately 200 miles south of Freeport, Texas in water depths greater than 7,800 feet. Some production is anticipated from wells in depths approaching 10,000 feet.
T. Jay Collins, President and CEO, stated, "We are delighted to have secured this contract to expand our participation in providing hardware and services in support of Shell's effort to produce hydrocarbons from deepwater fields around the world. The award of this contract reinforces our belief that demand for our subsea hardware installation and inspection, repair, and maintenance services in the GOM is growing.
"Our previously announced charter commitment to add the OI IV to our vessel fleet was instrumental in our success in securing this contract. This vessel has a North Sea class hull design, which lowers weather downtime risk, and will be outfitted with two of our work class remotely operated vehicles (ROV) to reduce operational downtime exposure. In addition to having a helipad and accommodations for 100 personnel, the OI
IV will be equipped with a 150-ton heave compensated crane.
"Shell is one of our largest customers and we have a long-standing relationship of providing them vessel-based services in the GOM. On a project basis, we provide specialty subsea hardware to Shell throughout the world and are presently manufacturing the umbilical for Shell's deepwater BC-10 field development offshore Brazil. Additionally, we are the leading global provider of ROV services in support of Shell's deepwater drilling activities
ODIM Cinches NOK 100MM Contract for Subsea Installations
by Odim ASA
Wednesday, July 09, 2008
The Norwegian offshore shipping company Havila Shipping has awarded ODIM a contract of approximately NOK 100 million for the delivery of a 250 ton fiber rope ODIM CTCU system for subsea installations and two ODIM LARS systems. The delivery is scheduled for October 2010.
The systems will be installed on Havila Shipping's recently announced NOK 1.5 billion subsea construction vessel, which will be delivered from Havyard Leirvik in spring 2011.
"We have an ambition to take a leading position within system solutions for offshore construction vessels, and have said that ODIM CTCU has the potential to revolutionize installation work at extreme water depths. Havila Shipping has stated that the specifications for their new, large construction vessel are designed to meet the future demands in this segment, and we are very pleased to see that our ODIM CTCU is being recognized as the future," said Odim CEO Jogeir Romestrand.
Havila Shipping's new 160 meters construction vessel will be built on a new ship design - Havyard 860- with a 2.400 m2 cargo deck, moon pool, 2 offshore cranes and a ROV hangar.
"This is the largest and most advanced construction vessel we have built, and we will make sure that the quality of the equipment is up to speed with the vessel. ODIM CTCU was a natural choice for us, given that handling of a low-weight fiber rope system provides both increased effective payload and reduced energy consumption compared with the steel wire alternatives," said Havila CEO Njal Saevik.
The 250 ton ODIM CTCU (Cable Traction Control Unit) system to be delivered to Havila Shipping is the third such system ODIM is to deliver, and also the largest. ODIM in 2006 delivered a 50 ton ODIM CTCU to Subsea 7, and in 2007 entered into a contract for delivery of a 125 ton system to Aker Oilfield Services in 2009. The system has a reach down to a minimum 4,000 meters water depth.
"The oil and offshore industry will have to solve many challenges to fully exploit the opportunities in deepwater regions. We believe we have developed a system for effective installation work in extreme waters, and this contract will further prove the capabilities of ODIM CTCU for very large construction vessels. With continuously strong results from our solutions in important deepwater regions such as West Africa and Brazil, we expect to see sustained interest in ODIM CTCU," said ODIM COO Kjetil Leine
pert at 97
PRICE* CHANGE % CHANGE TIME
Nymex Crude Future 137.87 1.82 1.34 10:54
Dated Brent Spot 137.28 1.13 .83 11:24
WTI Cushing Spot 136.69 .64
it billy buck time
here a cool bang at 33k
StatoilHydro Discovers Gas in Barents Sea Prospect
by StatoilHydro
Monday, July 07, 2008
During the drilling of exploration well 7226/2-1 in the Barents Sea, StatoilHydro, the operator of the license, has struck gas in a prospect named Ververis. The drilling in 347 meters of water was performed by the Polar Pioneer drilling rig.
This is the 13th discovery on the Norwegian continental shelf that StatoilHydro is involved in this year.
The main purpose of the well was to confirm the existence of hydrocarbons in early Jurassic to mid-Jurassic sandstones. The well confirmed the existence of gas in mid-Jurassic sandstones. No gas/water contact was established. Nor has any formation leak-off test been conducted, but extensive data acquisition and sampling have taken place.
"It is of course promising that we have discovered gas, but the drilling was performed in a relatively complex formation. We therefore need to perform more analyses and evaluations in order to determine the resource potential of the discovery," said Bente Fotland at StatoilHydro’s Harstad office.
Ververis is the first well in production license 395, which was awarded in the 19th licensing round in 2006.
"The license was awarded in April 2006, and seismic data were shot during the summer of 2006. The entire project was in fact completed sooner than expected," Fotland said.
The well was drilled to a vertical depth of 2992 meters below the sea surface and completed in the lower Triassic Havert formation. The well will now be permanently plugged and abandoned. Polar Pioneer will move on to drill exploration well 7224/6-1 in production licence 394, operated by StatoilHydro.
The licensees in production licence 395 are: StatoilHydro ASA (operator) (50 prosent), BG Norge AS (30 prosent), Petoro AS (20 prosent).
The drilling of exploration well 6605/8-2 in a structure named Stetind in the Norwegian Sea is being completed without any recoverable hydrocarbons being confirmed.
The well was drilled by the Transocean Leader drilling rig. After completing this well the rig will move on to production license 218 in the Norwegian Sea for the drilling of exploration well 6706/12-1, operated by StatoilHydro.
The licensees in production licence 283 are: StatoilHydro (operator, 30 percent), Centrica (10 percent), Chevron (12.5 percent), Aker Exploration AS (12.5 percent), ConocoPhillips (15 percent) and Petoro (20 percent
FMC Inks $45MM Deal with StatoilHydro for Subsea Equipment
by FMC Technologies
Monday, July 07, 2008
FMC Technologies, Inc. signed a contract with StatoilHydro for the manufacture and supply of subsea equipment to support oil and gas production at StatoilHydro’s Asgard development, located in the Norwegian Sea. The contract is valued at approximately $45 million in revenue.
FMC’s scope of supply includes four horizontal subsea trees, wellhead systems and extended tubing hangers as well as flow control modules, multi-phase flow meters and permanent guide bases. The equipment will be manufactured at FMC’s Kongsberg, Norway and Dunfermline, Scotland operations with deliveries expected to commence this summer.
“We have manufactured more than 50 trees that have been deployed at the Asgard field and are also in the process of supplying subsea gas compression control systems for the Asgard development,” said Tore Halvorsen, FMC’s Senior Vice President of Global Subsea Production Systems. “Today’s announcement strengthens our existing relationship with StatoilHydro and we welcome the opportunity to supply additional equipment for this project
PRICE* CHANGE % CHANGE TIME
Nymex Crude Future 143.18 -2.11 -1.45 14:08
Dated Brent Spot 141.37 -2.73 -1.89 14:39
WTI Cushing Spot 142.96 -2.33 -1.60 14:03
Cameron International Corporation - Company Snapshot - AlacraStore.comUK - Cameron International Corp of the US acquired Des Operations, an Aberdeen-based manufacturer of oil and gas filed equipment. Terms were not disclosed. ...
www.alacrastore.com/company
Shell Makes Reservoir Breakthrough with Wellhead 'USB Port'
by Cameron
Friday, July 04, 2008
Cameron reported recently that Shell UK Limited in June 2008 successfully installed the first of three Cameron subsea MARS (Multiple Application Re-injection System) interfaces on its Bittern field in the North Sea. The system has been described as a "USB port for wellheads" and is being adopted by Shell as part of their extended oil recovery (EOR) strategy for the region.
Following the successful commissioning, Shell is now able to complete reservoir stimulation / scale squeeze operations from a ROV support vessel without the need for MODU or diving support. The patented MARS system is a Cameron technology, supplied by DES Operations of Aberdeen.
Ian Donald, Managing Director of DES said, "Until now operators have been using MARS for multiphase pumping and metering operations but this is a world first for reservoir stimulation. For Shell. MARS offers safer, faster and cheaper operations, with options to extend the functionality for further subsea processing operations."
The remaining two MARS systems are due for installation later this year and when installed will enable Shell to undertake multiple well stimulation campaigns from a single ROV vessel.
John Anthony, Shell Project Manager, said, "We approached DES two years ago to see if their technology could be adapted for our scale squeeze operations, and have worked with DES since then to this successful conclusion."
In addition to use in the Bittern field, MARS has also been successfully used by BP King in the Gulf of Mexico and has been selected by Total for use in subsea multiphase metering in West Africa. The MARS technology has also been the recipient of industry awards from American Society of Mechanical Engineers, Subsea UK, and others.
MARS is part of Cameron's CAMFORCE Subsea Processing System, which includes multiphase boosting, separation and other enabling technologies for the emerging subsea processing market.
Cameron is a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries
NBC Universal, Bain, Blackstone Buy Weather Channel (Update1)
By Sarah Rabil
July 6 (Bloomberg) -- NBC Universal and buyout firms Bain Capital LLC and Blackstone Group LP agreed to buy the Weather Channel, after Landmark Communications Inc. put the cable network up for sale earlier this year.
The purchase price was about $3.5 billion, according to a person who asked not to be identified because the terms weren't made public. The channel will be based in Atlanta and management will be provided by NBC Universal, the companies said in a statement
market close under 1 hour
Subsea 7 Snags Major Contract for Development in West Africa
by Subsea 7 Inc.
Thursday, July 03, 2008
Subsea 7 has been awarded its largest contract to date in Africa. The contract is a framework agreement with call-off services in support of a major development program in offshore West Africa.
Subsea 7 has signed the first call-off contract under the frame agreement with an estimated value of $460 million. The services will primarily be performed using Subsea 7's new build flexible pipelay and construction vessel, the Seven Seas.
Further information regarding the contract award will be released at the earliest opportunity
FMC Wins Order for Troll B Gas Injection Project
by FMC Technologies
Wednesday, July 02, 2008
FMC Technologies has received an award from StatoilHydro to supply subsea equipment for its Troll B gas injection project in the Norwegian North Sea.
The contract is valued at approximately $38 million and includes two subsea trees and associated flow base systems, wellheads, tubing hangers and related control and communication systems. All equipment will be manufactured at FMC’s Kongsberg, Norway and Dunfermline, Scotland operations with deliveries expected to commence in early 2010.
Tore Halvorsen, FMC’s Senior Vice President of Global Subsea Production Systems, commented, “StatoilHydro recently announced their intent to employ a gas injection system in an effort to increase oil recovery on the Troll B platform by as much as 17 million barrels, and we are pleased to be a part of this important project
thank you
is the market open all day today
30,000 hit
Israeli Attack on Iran Likely, Pentagon Official Tells ABC News
By Thomas Penny
July 1 (Bloomberg) -- Israel is increasingly likely to attack Iran's nuclear facilities this year, ABC News reported, citing an unidentified Pentagon official.
The strike could be triggered by the production of enough enriched uranium at Iran's Natanz nuclear facility to make a weapon, ABC cited the official as saying. The second possible trigger for an attack would be the delivery of a Russian SA-20 air defense system, the installation of which would make an Israeli attack more difficult, the official told ABC.
Pentagon officials say a strike on Natanz would only temporarily damage Iran's nuclear program and could spark a wave of attacks on U.S. interests, ABC said. The officials said an Israeli air force exercise last month was carried out to prepare for an attack, the network reported.
Admiral Mike Mullen, chairman of the U.S. Joint Chiefs of Staff, was in Israel last weekend for meetings with Israeli military leaders, ABC said.
Israeli Defense Ministry spokesman Shlomo Dror, in a telephone interview from Tel Aviv, declined to comment today on the ABC report.
To contact the reporter on this story
Israeli Attack on Iran Likely, Pentagon Official Tells ABC News
By Thomas Penny
July 1 (Bloomberg) -- Israel is increasingly likely to attack Iran's nuclear facilities this year, ABC News reported, citing an unidentified Pentagon official.
The strike could be triggered by the production of enough enriched uranium at Iran's Natanz nuclear facility to make a weapon, ABC cited the official as saying. The second possible trigger for an attack would be the delivery of a Russian SA-20 air defense system, the installation of which would make an Israeli attack more difficult, the official told ABC.
Pentagon officials say a strike on Natanz would only temporarily damage Iran's nuclear program and could spark a wave of attacks on U.S. interests, ABC said. The officials said an Israeli air force exercise last month was carried out to prepare for an attack, the network reported.
Admiral Mike Mullen, chairman of the U.S. Joint Chiefs of Staff, was in Israel last weekend for meetings with Israeli military leaders, ABC said.
Israeli Defense Ministry spokesman Shlomo Dror, in a telephone interview from Tel Aviv, declined to comment today on the ABC report.
To contact the reporter on this story
pert is sitting at 2.80
Daewoo Ship June Orders Reach $2.3 Billion, Biggest This Year
By Kyunghee Park
June 29 (Bloomberg) -- Daewoo Shipbuilding & Marine Engineering Co., the world's third-largest yard, said it won $2.3 billion of orders in June, its biggest month this year, as demand increased for moving fuel and commodities.
Contracts were received for 12 vessels in the month, the Seoul-based company said in an e-mailed statement today. Buyers ordered nine Very Large Crude Carriers, the biggest of their type, a deepwater drill ship and two bulk carriers for 2012 delivery.
Yards in South Korea, the world's biggest shipbuilding nation, may win record orders for a sixth year as buyers pay a premium to ensure timely deliveries. More than half of the global ship orders by tonnage were won by South Korean yards in the first five months of this year, according to London-based shipbroker Clarkson Plc.
``Shipping lines are willing to pay a bit more to have vessels built by South Korean yards to avoid the delivery delays that you might get with Chinese shipbuilders,'' said Lee Jae Kyu, an analyst at Mirae Asset Securities Co. in Seoul. He has a ``buy'' rating for Daewoo Shipbuilding.
South Korean shipyards are delivering ships to their clients on time or ahead of schedule. Hyundai Heavy Industries Co., the world's largest shipyard, delivered an oil tanker to a client in India more than seven months before the due date.
China Delays
Chinese shipbuilders probably delayed about 45 percent of their deliveries as of last month, partly because of a shortage of components, Lee said. That compares with a 25 percent rate in 2007, he said.
South Korea's Hyundai Heavy, Doosan Engine Co. and STX Group, the world's biggest ship-engine makers, offer almost all of their production to domestic shipyards before selling them overseas.
The shipyards are also developing technology to reduce fuel costs, making them more attractive to shipping lines.
Hyundai Heavy's ships have thrust fins installed behind propellers, saving about $2.4 million of fuel costs a year. Daewoo Shipbuilding's pre-swirl stator, which helps reduce drag, can save about $100,000 a month.
Daewoo Shipbuilding, which aims to win $17.5 billion of orders this year, has received $7.56 billion in the first half.
A.P. Moeller-Maersk A/S, the world's largest shipping line, may order 16 vessels from Daewoo Shipbuilding worth $115 million apiece, TradeWinds reported on June 13, without saying where it got the information. Each of the ships would be capable of carrying 7,500 containers, the report said.
Hyundai Heavy, Samsung Heavy and Daewoo Shipbuilding received a combined $31 billion in orders this year. Their backlogs reached about $122 billion as of the end of May.
Shipping lines ordered $44.6 billion worth of vessels in the first five months of this year, according to Clarkson, the world's largest shipbroker.
Daewoo Shipbuilding dropped 3.1 percent to close at 41,000 won on June 27. The stock has fallen 21 percent this year, compared with an 11 percent decline in South Korea's Kospi index
Natural Gas 78% Gain Speeds Drilling at Devon, Range (Update1)
By Joe Carroll
June 27 (Bloomberg) -- U.S. natural-gas producers are drilling wells previously deemed too costly and resurrecting abandoned fields from Appalachia to the Rockies, spurred by the biggest rally in fuel prices in eight years.
Devon Energy Corp. and Range Resources Corp. are drilling horizontal wells that cost three times as much as traditional vertical shafts to unlock gas from rock formations that were unprofitable to exploit before this year's 78 percent gain by gas futures. The number of active U.S. gas rigs rose to a record high this week, according to a survey by Baker Hughes Inc.
``As prices are better you want to drill more wells to get more production on line as quick as possible,'' said Larry Pinkston, chief executive officer at Unit Corp., a Tulsa, Oklahoma-based gas producer and drilling-rig operator. ``So we definitely are drilling more wells.''
The rise in gas futures in New York this year exceeded the 48 percent surge in oil and all commodities besides coal. U.S. gas demand probably will grow 4 percent this year, double the rate of new supply, said Roger Read, an analyst at Natixis Bleichroeder Inc. in Houston.
Gas gained the most since prices more than doubled in the first half of 2000. This month, futures rose above $13 per million British thermal units for the first time since 2005, when Hurricanes Katrina and Rita idled wells in the Gulf of Mexico. Read attributed the gain to ``unrelenting growth in electric power demand,'' lower-than-expected imports and increasing demand for alternatives to coal and oil.
Producer Shares Rise
An index of independent energy producers in the Standard & Poor's 500 climbed 31 percent this year, led by gains of more than 60 percent at Southwestern Energy Co. and Chesapeake Energy Corp. All 10 index members get most of their output from gas. Unit Corp., which isn't in the index, jumped 76 percent. The S&P index of integrated producers such as Exxon Mobil Corp., driven more by oil wells and refining, has fallen 1 percent.
New drilling projects will boost U.S. gas supplies in 2009 by 3.6 percent, the biggest increase since 1994, Read said. Gas is the most widely used U.S. furnace fuel and the third-largest source of power generation, according to the Energy Department.
The U.S. Bureau of Land Management, which oversees energy exploration on federal property, issued 7,124 permits to drill in the fiscal year ended Oct. 1, 5.7 percent more than fiscal 2006. Nine out of 10 of those permits were issued for projects in Wyoming, New Mexico, Utah and Colorado.
Drilling Accelerates
Range Resources, based in Fort Worth, Texas, increased its capital budget 40 percent this year to $1.27 billion to sink more wells in the Barnett Shale in Texas and the Marcellus Shale in Pennsylvania and West Virginia.
The company, which gets most of its production from the Barnett Shale, expects to begin pumping commercial volumes of gas from the Marcellus in early 2009.
Drilling horizontal wells in deep, hard deposits such as the Barnett Shale costs about $3 million each, compared with $1 million to $1.5 million for a vertical well, Range Resources President Jeffrey Ventura said in a telephone interview.
Horizontal drilling is costlier because it requires more sophisticated rigs with more powerful motors, said Michael McMahon, managing director of New York-based leveraged buyout firm Pine Brook Road Partners LLC, which bankrolled three new gas producers in the past 15 months.
Horizontal Wells
Horizontal drilling is the only way to tap formations that otherwise won't give up their gas, Ventura said.
``There some areas of the Barnett Shale that didn't work at all as vertical developments but are very commercial as horizontals,'' Ventura said. ``Rock formations that people thought were non-prospective are now prospective.''
Unit Corp.'s Pinkston plans to drill at least 280 wells this year, up 11 percent from 2007. The program will let the company replace at least 150 percent of the gas and oil it pumps for the next several years, he said.
The company, which also owns 131 onshore rigs and a pipeline business, built two new rigs this year and plans to add another two in the fourth quarter, Pinkston said. Unit will decide in the next few weeks whether to order more rigs for 2009 delivery, he said.
Competition for drilling equipment and rig crews is escalating costs for producers, said Pine Brook's McMahon.
Pine Brook, founded in 2006 by former Warburg Pincus Vice Chairman Howard Newman, is stockpiling about 20 miles of pipe, enough to excavate six wells, in response to delivery delays from pipe makers because of soaring demand, McMahon said
thank you much, trueheart
and he also owns, Delba International to supply and install the deepwater marine drilling riser flotation system for the new-build Delba III semisubmersible drilling rig.
here the history of newton lins
Page 1 of 1
The objectives of the company are the operation, the agency and the management of vessels owned or chartered in coastal navigation, offshore support, port operations, as well as the chartering and or operation of special vessels for towing, anchor handling, ROV and diving support, survey, launching and maintenance of rigid and flexible lines, fire-fighting, dynamic positioning, etc. During the past twenty seven years the company has operated its own fleet, as well as being an operator and representative for several worldwide offshore companies. It has operational agreements with SEACOR MARINE, for supplying of fast aluminum suppliers and crew boats, with CAL DIVE INTERNATIONAL, for laying of flexible lines, maintenance and repair of underwater equipment, with SHELL, ESSO, and ELF, for supplying offshore services, with EMBRATEL, for maintenance of optical cables. Besides operating normal offshore support vessels, DELBA MARITIMA has also operated diving support vessels (DSV) and remotely operated vehicles support vessels (RSV), subcontracting services as deep diving, ROV operations, inspection and repair of underwater installations, etc. History DELBA MARITIMA is one of the main offshore support companies in Brazil and the oldest of them performing marine support to oil activities in Brazilian waters. Its history begins in 1968 with the arrival in Brazil of the first offshore drilling unit, the jack-up "Vinegaroon", when the group Newton Lins brought from ASTROMARINE and supplied to PETROBRAS the first four support vessels for the offshore drilling operations in Brazil, two of them for supply and towing, the vessels "Jupiter" and "Gemini", and two for transport of personnel, the crew boats "Venus" and "Mercury". The company was created in 1975 and in 1976 acquired the first five offshore Brazilian flag vessels, which were chartered to PETROBRAS, becoming the first Brazilian private company to buy offshore vessels. In 1978, 40% of the equity of the company was sold to JACKSON MARINE (a member of the Halliburton group). In 1982, the equity of Jackson Marine was transferred to Brazilian citizens, and the company capital became 100% Brazilian. The objectives of the company are the operation, the agency and the management of vessels owned or chartered in coastal navigation, offshore support, port operations, as well as the chartering and or operation of special vessels for towing, anchor handling, ROV and diving support, survey, launching and maintenance of rigid and flexible lines, fire-fighting, dynamic positioning, etc. During the past twenty seven years the company has operated its own fleet, as well as being an operator and representative for several worldwide offshore companies. It has operational agreements with SEACOR MARINE, for supplying of fast aluminum suppliers and crew boats, with CAL DIVE INTERNATIONAL, for laying of flexible lines, maintenance and repair of underwater equipment, with SHELL, ESSO, and ELF, for supplying offshore services, with EMBRATEL, for maintenance of optical cables. Besides operating normal offshore support vessels, DELBA MARITIMA has also operated diving support vessels (DSV) and remotely operated vehicles support vessels (RSV), subcontracting services as deep diving, ROV operations, inspection and repair of underwater installations, etc. Among the several contracts performed with success, the following should be pointed out: - Contract PETROBRAS DEPRO-032/85: Two-year contract for chartering and operation of the "Diving Support Vessel (DSV) M/V Shearwater Sapphire", its belongings and other equipment, as well as the accomplishment of services of fire fighting, dynamic positioning, deep diving up to 450 mts, radio-location, helicopter operations, heavy lifts, ROV (remotely operated vehicle), anchoring operations, inspection and repair of submarine facilities, and other operations. - Contract PETROBRAS SEGEN-2-184-044-0-86: Contract of the consortium MOT - MICOPERI / DELBA / SERTEP, to charter and operate support vessels and to render technical services for transportation and installation the fixed platforms oil fields Pargo (PPG-1A and PPG-1-B), Carapeba (PCP-1 and PCP-2) and Vermelho (PVM-1, PVM-2 and PVM-3), and installation of rigid lines in Campos Basin Northeast Pole. DELBA MARITIMA was in charge of the whole marine support and all logistic operations, including helicopter services, subcontracted from her sister company AEROLEO. - Contract PETROBRAS DEPRO-101.2.011.87.5: Three-year contract for chartering of the "Remotely operated vehicle Support Vessel (RSV) M/V Highland Heel", as well as the accomplishment of services of fire fighting, dynamic positioning, radio-location, helicopter operations, heavy lifts, ROV (remotely operated vehicle), anchoring operations , inspection and repair of submarine facilities, and other operations. - Contracts EMBRATEL C. DRT-010/98 and C. DCT.1-382/99: Contracts with the telephone company EMBRATEL, a MCI subsidiary, executed in joint venture with SCHAHIN TELECOM, for the maintenance of optical cables around the Brazilian coast. These contracts require the use the special vessel "D'Diana", owned by DELBA MARITIMA, with ROV, and all equipment required to recover, repair and launch several types of optical cables. The company has signed, until today, more than 160 chartering contracts, most of them long-term engagements, as follows: - 75 contracts for Anchor Handling Tug Supply Vessels (AHTS) - contract average duration of 2.3 years. - 30 contracts for Supply Vessels - contract average duration of 3.0 years. - 8 contracts for Crew Boats - contract average duration of 2.6 years. - 43 contracts for Utility Vessels - contract average duration of 2.4 years. - 3 contracts for Diving Support Vessels (DSV) - contract average duration of 1.2 years. - 3 contracts for ROV Support Vessels (RSV) - contract average duration of 2.3 years. - 2 contracts for Maintenance and Repair of Optical Cables - contract average duration of 4.4 years. - 1 contract for Floating Storage and Offloading (FSO) - contract duration of 1 year. DELBA MARITIMA has a highly qualified staff and crews, with operational bases and agents in all the places where there is exploration of oil in Brazilian waters. A training program focusing the safety procedures, the protection of the environment and learning of foreign languages as English and Spanish was implanted several years ago to qualify the management and the crew members for the new globalization requirements. Considering that the largest reserves of oil in Brazil are in deep waters, the company decided to renew its own fleet with vessels designed for deep water operation. In keeping this objective, in the last years the company sold seven vessels which were designed for shallow waters and operation closer to the shore. The program for new buildings comprises considerable investments. The fleet started to be renovated in 2000 at which time we were the winning bidders of a Petrobras tender for building 03 AHTS (Anchor Handling Tug Supply) type vessels. These vessels are being built by the BRASFELS (formerly VEROLME) shipyard and are currently at an advanced building stage. The first vessel has already been launched and shall be delivered to Petrobras to start operating in October of 2003; the others will be delivered in March 2004 and July 2004. In keeping with its growth policy, DELBA MARITIMA associated itself with the French Group BOURBON in April 2001. Through its offshore division, the Bourbon Group operates various types of vessels with its main presence in the countries of West Africa. ACTION PLAN for 2004: Anticipated beginning of operation of the 3 (three) AHTS type vessels presently undergoing the final building stages; Participation in all new tenders of Petrobras; Start of the work of conversion and jumborization of vessel N.S. Loreto to transform the same in a PSV 1500; Investment in crew training, to qualify the same to safely operate the new AHTS type vessels; and Implementation of requirements and certification of the company to meet standards OHSAS 18001/ISO 14001. DELBA MARITIMA NAVEGACAO S/A. HEAD OFFICE: Street address: Ladeira de Nossa Senhora, 163 - Gloria 22211-100 - Rio de Janeiro, RJ BRAZIL Telephone: +55 21 3235 9300 Telefax: +55 21 3235 9382 +55 21 3235 9384 E-mail: delba@delbamaritima.com.br Web page: www.delbamaritima.com.br Copyright Visao Virtual 2002
n lins
Nexus Snags Transocean Legend for Crux Project
by Nexus Energy
Friday, June 27, 2008
Nexus Energy Limited announced that a Notice of Award (“NOA”) has been signed with Sedco Forex International Inc to secure the Transocean Legend semi-submersible drilling rig for the Crux liquids project. It is expected that the rig will be available to commence operations on the Crux field between February and April 2009. The timing will depend on whether optional wells are exercised by the company currently utilising the rig.
The NOA for the Transocean Legend includes a minimum duration contract of 260 days to drill five additional development wells and complete all eight wells planned for the Crux development. The proposed contract will also include optional drilling slots for Nexus to drill additional appraisal, development or exploration wells around the Crux field, such as the Auriga-1 prospect.
Importantly the timing of the drilling rig availability will enable well work to be completed in advance of the floating production storage and offloading (“FPSO”) vessel installation activities and the majority of the drilling and completion operations will be able to be undertaken outside of the potentially disruptive cyclone season.
In addition to the NOA for the drilling campaign, Letters of Intent (“LOI”) have been signed with Cameron Australasian Proprietary Limited for the supply of eight sub-sea xmas trees, and with Wellstream International Limited for the supply of the flexible sub-sea flow lines which will connect the Crux development wells to the FPSO vessel. These follow an LOI that was signed in January 2008 with GE Oil & Gas for the supply of two re-injection compressors trains for the FPSO gas processing plant. These commitments represent a spend of approximately US$ 308 million towards the Crux liquids project.
Nexus together with its partner Osaka Gas continue to work towards a Final Investment Decision for the Crux project before the end of 2008 which is in turn expected to deliver first production by the end of 2010. In the coming months Nexus expects to award further major contracts for the FPSO turret mooring swivel system.
Nexus managing director, Ian Tchacos said, “The drilling and completion work represents a major component of the Crux development work. Securing a high quality drilling rig in the current tight market is an important milestone for the Crux liquids project schedule.”
“In addition, the early commitment to key equipment components is critical to locking in project costs and maintaining the project schedule on this very valuable development.”
Crux is located in exploration permit AC/P23, in the Browse Basin, offshore Western Australia
Oilexco Flies High with Moth Discovery
by Oilexco
Friday, June 27, 2008
Oilexco Incorporated, through its wholly owned subsidiary Oilexco North Sea Limited, is pleased to announce a significant dual zone oil and gas-condensate discovery at Moth, located in Block 23/21 in the UK Central North Sea. Oilexco earned a 50% working interest at Moth and serves as operator. The Company's partners are BG Group, Hess and BP.
The 23/21-6z Moth discovery well was drilled by the semisub Ocean Guardian to a total depth of 14,616 feet. Hydrocarbon-bearing reservoir sands with a thickness of 605 feet were intersected in the Middle Jurassic Pentland and a further 219 feet were intersected in the Upper Jurassic Fulmar.
The Middle Jurassic Pentland sands at depth of 13,283 feet were drill-stem tested through perforations from 13,276 feet to 13,730 feet in 439 feet of oil and gas bearing reservoir sands. The drill-stem test flowed oil and gas to surface but, before this flow could be diverted to the test separator to accurately determine the flow rates, a packer failure of the downhole test tools occurred with the result that no determinative results from this test are available. Although initial indications are encouraging, the Company has decided not to continue with the testing process of the Pentland sands at this time. Further testing will likely occur during the course of additional appraisal drilling in the future.
Preparations for drill-stem testing of the primary target, the Upper Jurassic Fulmar interval, will commence immediately after the suspension of the Middle Jurassic Pentland zone. The Upper Jurassic Fulmar sands at a depth of 12,982 feet will be perforated from 12,980 feet to 13,030 feet in 118 feet of gas-condensate bearing reservoir sands. Testing operations of the interval should be completed in 15 to 20 days time.
The partners will put together a forward program for the development of this discovery. Future appraisal wells will likely utilize higher capacity testing equipment in order to determine the maximum achievable flow rates.
"Oilexco remains the most active driller in the UK North Sea, and we continue to achieve significant results from our exploration program, with Moth being the second major discovery to be made by the company in the last year," said Arthur Millholland, President and CEO of Oilexco. "We believe that the Moth field has the potential to be very material to Oilexco, and look forward to the test results from the primary zone
Cameron Captures Deal for 25 Subsea Trees for Petrobras
by Cameron
Thursday, June 26, 2008
Cameron has been awarded a contract worth approximately $100 million to supply subsea trees to Petrobras for use in their Campos Basin developments offshore Brazil.
Under the contract, Cameron will provide 25 subsea Christmas trees under Petrobras' standard design, with the installation to be supported by previously supplied standard tools and associated equipment. Initial delivery is slated to begin in the second quarter of 2009, with deliveries under this agreement to be completed by year-end.
"We are pleased to continue in our role as one of Petrobras' primary suppliers of equipment and systems," said Cameron President and CEO Jack B. Moore. "One of the essential drivers for this order was our ability to ensure timely delivery of the equipment, made possible in part by our recent investment in capacity additions in Brazil, a key factor in our direct negotiations with Petrobras."
Moore noted that the trees are not currently designated for a specific project, but will be allocated as needed to developments within the Campos Basin. "We are also currently producing equipment for Petrobras under several other orders, and continue to support their efforts under our aftermarket agreement with them," he said
StatoilHydro Submits NOK 10B Plan to Enhance Troll
StatoilHydro Friday, June 27, 2008
StatoilHydro has submitted a new plan for the development and operation of the Troll field to ensure the long-term management of the oil and gas reserves in Norway’s largest gas field.
The plan submitted to the Ministry of Petroleum and Energy is a new and important step on the road towards improved oil recovery on Troll West, while providing for continuation of the current gas export capacity from Troll East of 120 million standard cubic meters per day.
Related Pictures
Troll field
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Troll field
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”Our goal is to manage the natural resources in an optimal way through a holistic approach to the development of the Troll field and the neighbouring areas,” says StatoilHydro’s Senior VP for Reserve and Business Development Hege Marie Norheim.
”The field has been in continuous development since it came on stream, and we are now making Troll more robust for the future. StatoilHydro will, as the operator of both Troll Gas and Troll Oil, make sure to take care of the long-term management of our largest oil and gas field in an optimal way,” she added.
The development of the oil and gas resources in the Troll field has been addressed in several field development plans since the 1980s. The Troll partners’ new plan has an investment limit of almost NOK 10 billion, and includes:
a new gas injection plant for improved oil recovery on the Troll B platform
a new 35-inch rich gas pipeline from the Troll A platform to the Kollsnes gas plant, including modifications on Troll A and the Kollsnes terminal
replacement of production pipes in the gas wells running up to Troll A in the Troll East area. The diameter of the pipes will be increased, which results in lower pressure drop and increased production from the wells
Gas injection in Troll West will increase the oil reserves at Troll by 17 million barrels. The offshore modifications are scheduled to start during 2008.
The gas injection plant will be in place by the turn of the year 2010/2011. The new rich gas pipeline designed to maintain the daily gas production capacity will come on stream in 2011.
"The new development plan is an overall description of our plans for the oil production at Troll and provides for profitable oil production through 2030. This will also result in increased production possibilities for neighbouring fields, as we will have processing capacity available for a longer period than previously expected,” said Norheim
YORK COUNTY COMMUNITY COLLEGE TO PARTNER WITH FLOTATION TECHNOLOGIES BY PROVIDING CUSTOMIZED TRAINING
From: US Fed News Service, Including US State News Date: February 8, 2007 | Copyright information Copyright © HT Media Ltd. All Rights Reserved. Provided by ProQuest LLC.
York County Community College issued the following news release:
York County Community College is pleased to announce that they are partnering with Flotation Technologies in Biddeford to provide entry level training and education for newly hired employees. Because of a recent increase in product demand, Flotation Technologies has increased the size of its manufacturing space, and consequently its workforce, to effectively address and satisfy the increased demand. The training provided to Flotation Technologies by York County Community College will be made possible through a grant provided by the Maine Quality Centers.
Under the Maine Quality Centers training program, York County Community
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