Woodside sells Otway stake to Origin Nov 2, 2009
The sale includes production licences for the Thylacine and Geographe fields and adjacent exploration permits, as well as offshore production facilities, pipelines and an onshore gas processing plant, Origin said in a separate statement. The $1. (Sydney Morning Herald -- Business)
Ghana Offshore Production A Year Away Oct 29, 2009
Business News of Thursday, 29 October 2009. Business News of Thursday, 29 October 2009. (Ghana Web, Ghana)
New technology making a name for oil & gas supply company Oct 24, 2009
The award was for recognition of Perisais potential contribution to the development of marginal and uneconomical offshore oil and gas (Olds using MOPSU (mobile offshore production ge unit) technology ... The MOPSU is a mobile offshore production and storage unit, a self-installing, re-locatable offshore platform with integral crude or condensate storage and offloading facilities with the capability to assemble a wellhead platform at site and support a modular drilling rig ... Traditionally,... (The Star Online, Malaysia -- Business)
Perisai in JV for MOPSU ops Oct 13, 2009
PETALING JAYA: Perisai Petroleum Teknologi Bhd is forming a 49:51 joint venture with Gryphon Energy (Asia Pacific) Sdn Bhd to undertake project management works and market research and development activities related to mobile offshore production and storage unit (MOPSU) in the Asia-Pacific region. In a filing with Bursa Malaysia yesterday, Perisai said the proposed joint-venture company, with an initial paid-up capital of RM10,000, was expected to contribute positively to the group. (The Star Online, Malaysia -- Business)
Gaia's Oil Spills Oct 13, 2009
Even if man were careless in his stewardship and doubled overnight the amount of crude he spilled into the sea through offshore production, his impact would be negligible. According to the U.S. Minerals Management Service, between 1985 and 2001, spills from offshore platforms and pipelines accounted for only 2% of the oil released in U.S. waters. (Investors Business Daily)
North Slope seas contain oil and gas vital to US Sep 12, 2009
We need offshore production to ensure the long-term viability of the trans-Alaska oil pipeline and a future natural gas pipeline to the Lower 48 ... I've introduced bipartisan legislation to ensure that all states with offshore production receive a fair share ... I believe the science shows that offshore production can be safely conducted in Alaska's federal waters, allowing Secretary Salazar to prove that the department's plans were made with all due diligence. (Anchorage Daily News)
Letters to the editor (9/9/09) Sep 9, 2009
Alaskans need only look to Cook Inlet for a reminder of how offshore production can coexist with user groups, marine mammals and the environment. -- Curtis Smith. (Anchorage Daily News)
Nigeria: Oil Revenue Declines Despite Rising Prices [analysis] Aug 10, 2009
With most of onshore oil production in the Niger Delta shut in, offshore production accounts for close to half of current national crude oil production. Deep offshore production has so far been insulated from militants attacks, although there have been threats to them. (allAfrica.com)
Cimarex Announces Second-Quarter Production Volumes and Provides Operations Update Jul 30, 2009
Offshore production volumes averaged 12. 1 MMcfe/d in the second-quarter of 2009 versus 20. (PR Newswire)
Jobless Rate at 9.5 Percent; 26-Year High Jul 3, 2009
"lollll...that is the problem with you righties; your vision is of necessity short-term due to your sole interest and motivation: What is in your wallet right now and how much you can shove into it today.For example, you immediately imply that I am blaming Bush, when what I put forward as the cause are Republican policies that began over three decades ago.It takes a lot to change the course of a behemoth such as the American economy.Our economy - for a time - was able to absorb body blows like... (CBS News)
Perisai shareholders okay proposed bonds Jun 30, 2009
The Mobile Offshore Production ge Unit (MOPSU) was a totally new cost-effective way to develop small and marginal fields in shallow water, he said, adding that unlike other systems that used drilling rigs, wellhead platforms and pipelines, MOPSU used modular drilling units, integrated storage and detachable drilling template. The entire system, except for the detachable drilling template, is fully recoverable and reusable. (The Star Online, Malaysia -- Business)
Coastal Energy Announces Significant Reserves Upgrade: 2P Reserves Increase to 62.2 mmboe Apr 28, 2009
The 2P reserves of the Songkhla Oligocene structure increased by 220% after drilling two development wells as the net pay and reservoir characteristics significantly exceeded expectations. "The addition of proven and probable reserves in the Songkhla Eocene structure is also important in proving the Eocene play in the Songkhla field and Block G5/43. The information gathered from the results of the successful exploration well in the Eocene is positive given the large amount of Contingent and... (Canada Newswire)
Record-Setting Offshore Rig Yields Safe, Clean Energy Apr 17, 2009
I-Hub s captain is Barry Banes, a mustachioed, strong, silent type from Mississippi who has spent 30 years in offshore production. Throughout his career, We went from very basic-type processes to very sophisticated computer-operated processes, Banes observes. (Human Events Online)
Interior secretary to meet with Alaskans Apr 15, 2009
Supporters says such offshore production would create thousands of jobs and lessen the United States' dependence on foreign fuel. Foes counter that development would put historical subsistence and commercial fishing industries in jeopardy from spills. (Anchorage Daily News)
China, Philippines stoke island tensions Mar 27, 2009
The competing claimants to sovereignty have not awarded offshore production concessions in the islands, for fear of provoking possible military clashes. One former Philippine government official told Asia Times Online that the Galoc gas field in Palawan, which was tentatively to be managed by a consortium of British investors, was recently challenged by Beijing, which warned Manila against granting any legally binding concessions or permits. (Asia Times Online)
Drift River dike withstands Redoubt Mar 25, 2009
The Drift River oil terminal is one of several on the west side of Cook Inlet connected by pipeline to offshore production platforms. Four of Drift River's seven 11-million-gallon tanks are operational. (Anchorage Daily News)
Tropical forecasters see fewer hurricanes in '09 season Mar 19, 2009
Offshore production in the U.S.-regulated areas of the Gulf of Mexico provide a quarter of national crude oil supply and and 15% of natural gas, while 43% of the country's refining capacity lies along the shores of Texas, Louisiana and Mississippi. Among the factors forecast to reduce the number of storms is a weak El Nio weather pattern expected to form in the mid to late hurricane season, Bastardi said. (USA Today -- Weather)
Utah Parkland Up For Auction Mar 3, 2009
In his four years in the Senate, Salazar has been a champion for "responsible" energy production on public lands - opposing efforts by the Bush administration to develop oil shale resources in the West and to open up Alaska's Arctic National Wildlife Refuge, but helping to broker a deal allowing more offshore production. Salazar has also been a vocal advocate of renewable energy, and the public lands he will oversee include some of the nation's largest sources of wind, solar and geothermal... (CBS News -- Early Show)
Romney wins CPAC straw poll... Mar 1, 2009
His firm is KEY in sending corporation into offshore production. They are a large holding company and once they get a hold of a company, nothing matters but the bottom line. (The Drudge Report)
Oceaneering Reports Record Fourth Quarter and Annual Earnings Feb 19, 2009
This quarter's results included, in Mobile Offshore Production Systems gross margin, a $5 ... Inspection results rose as we secured additional work associated with offshore production platforms, LNG and petrochemical facilities, and pipelines at higher margins. (PR Newswire)
SAFE: Expanded Domestic Production Crucial Part of Any Energy Legislation Feb 11, 2009
"Last year, as oil and gas prices skyrocketed to record highs, leaders in both political parties for the first time appeared to agree that expanding offshore production was a crucial element to a comprehensive energy security package," SAFE President and CEO Robbie Diamond said ... Today's action by the Obama Administration extends the public comment period on the issue of offshore production for six months, during which time the Department of the Interior will study the matter further. (PR Newswire)
