Showing posts with label May 04. Show all posts
Showing posts with label May 04. Show all posts

Sunday, May 8, 2016

Imminent Asset redesign at Manta field and Fabrication East prospect Wednesday, May 04, 2016

Imminent Asset redesign at Manta field and Fabrication East prospect Wednesday, May 04, 2016

Cooper Vitality Constrained ("Cooper Vitality", ASX: COE) declares that it has finished an audit of the Manta Profound and Delusion East prospects in VIC/RL13, VIC/RL14 and VIC/RL15 (once in the past VIC/L 26, 27 and 28) in the seaward Gippsland Bowl and has re-evaluated its Best Gauge Net Planned Asset in the two prospects to be 97.5 MMboe comprising of 491 PJ gas and 13.1 MMbbls oil and gas fluid (Cooper Vitality net offer). The assessed amounts of petroleum that might be possibly recouped by the utilization of future advancement project(s) identify with unfamiliar collections. These evaluations have both a related danger of revelation and a danger of advancement. Further investigation, examination and assessment is required to decide the presence of a noteworthy amount of conceivably moveable hydrocarbons.

The evaluation depends on new elucidation of reprocessed 3D seismic which has highlighted extra prospectivity in untested Intra-Latrobe and Brilliant Shoreline Subgroup stores (allude Figures 1-4 taking after). The prospects are situated in the same structures as existing demonstrated gas and oil fields at target levels both shallower and more profound than has been tried by the current well bores.

The Manta Profound prospect is situated underneath the Manta gas and oil field and can be assessed by extending the proposed Manta-3 evaluation well by an extra 1,000 meters. Extra forthcoming potential is evaluated in untested Intra-Latrobe repositories in a structure found 3km northwest of the Manta-1 revelation well over the demonstrated supply area. Manta-3 can be found such that it will evaluate the degree of the demonstrated Brilliant Shoreline gas/condensate asset and forthcoming potential in the Intra-Latrobe and more profound Brilliant Shoreline targets. The well could be bored in 2018 in a proposed penetrating effort that incorporates the boring of the Sole gas field improvement well. Improvement of the Sole gas field is right now being progressed through Front End Building and Plan for a Last Speculation Choice suggestion in October 2016.

The Planned Asset appraisal is notwithstanding the gross Unexpected Asset (2C) of 106 PJ and 2.6 MMbbls gas condensate assessed for the Manta gas field (COE net offer 69PJ and 1.7 MMbbls)1. The Manta field is the subject of a Business Case arranged by Cooper Vitality which distinguished a sound business open door for improvement of the field to supply gas to eastern Australian gas clients using the current Orbost Gas Plant.

The Delusion East prospect is found 3km south east along the same basic pattern and updip from the Figment 1 investigation well that found gas in the Brilliant Shoreline GB6 store (allude Figures 5-6 taking after). Both Manta and Figment are found seaward Victoria, 58 kilometers from the Orbost Gas Plant shore crossing in water profundities of around 130 meters.

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DNV GL-drove venture gives green light for wind-fueled oil recuperation Wednesday, May 04, 2016

DNV GL-drove venture gives green light for wind-fueled oil recuperation Wednesday, May 04, 2016

The DNV GL-drove WIN WIN1 Joint Industry Venture (JIP) demonstrates that for reasonable fields, wind-controlled water infusion is in fact doable, fit for meeting execution targets, and offers a cost-focused contrasting option to traditional water infusion arrangements.

For as far back as year, members from both the renewable and oil and gas businesses have cooperated in the DNV GL-drove WIN JIP to build up the idea of utilizing coasting wind turbines to control a water infusion framework in point of interest, and evaluate its specialized and business practicality. Specialized and operational viewpoints and additionally costs have been surveyed. The JIP accomplices incorporate ExxonMobil, ENI Norge, Nexen Petroleum UK Ltd., Statoil, VNG Norge, PG Stream Arrangements and Metal Sling.

No significant difficulties have been distinguished through the JIP's study. Examinations of framework execution inspecting site particular cases from JIP accomplices have demonstrated that WIN can meet the administrator's key execution prerequisites, for example, infusion volume focuses, and in addition unwavering quality and minimized downtime.

"Interestingly we can now see renewable vitality as an expansive scale wellspring of energy to seaward oil and gas operations. By using the late improvements of coasting seaward wind turbines this idea can offer a spotless, dependable, and savvy elective for fueling water infusion in seaward areas. The WIN venture showcases that the oil and gas industry can turn into an inventive power in unraveling the world's vitality trilemma by driving advancement of solid, spotless and reasonable advances. This is a win for both the oil and gas and for the wind power commercial ventures," says Remi Eriksen, Bunch President and Chief of DNV GL.

"We are empowered by late advances in wind innovation, especially for corner applications, for example, seaward oil and gas operations," says Sara Ortwein, President of ExxonMobil Upstream Think-tank. "Such innovative advances enhance the monetary practicality for wind to add to the general vitality supply blend."

"Supplying clean energy to oil and gas establishments was a piece of the first thought behind Statoil's Hywind idea", says Hanne Wigum, Head of Renewable Innovation Improvement in Statoil. "The WIN idea speaks to an option wellspring of power and can possibly open up new open doors for field advancement."

The expenses for wind fueled water infusion have been contrasted and an ordinary option where water is infused through a stream line from the host stage. While the WIN innovation has higher operational uses (OPEX) contrasted with an ordinary option, the altogether bring down capital use (CAPEX) implies that it analyzes positively over the long haul. WIN is along these lines an industrially aggressive option in a scope of cases, especially when host stage limit is restricted or infusion wells are situated far away.

"For the particular case evaluated in the report, we are taking a gander at a potential cost sparing of around 20 percent contrasted with a routine arrangement. This will obviously differ extraordinarily between cases, " says Johan Sandberg, venture support and section pioneer of gliding wind turbines at DNV GL.

"To build up the idea facilitate, a next stride would be to test basic subsystems in a little scale physical set-up. The key target would be to pick up certification that the segments incorporated in this arrangement will offer tasteful execution after some time with a variable force info. A potential stage 2 of the JIP is being investigated with a portion of the current JIP accomplices," he includes.

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Southern Organization, AGL Assets get merger endorsement from Maryland controllers Wednesday, May 04, 2016

Southern Organization, AGL Assets get merger endorsement from Maryland controllers Wednesday, May 04, 2016

Southern Organization (NYSE: SO) and AGL Assets (NYSE: GAS) have gotten administrative endorsement of the organizations' proposed merger from the Maryland Open Administration Commission, with all interceding parties in backing of the beforehand reported settlement assention.

AGL Assets is the guardian organization of Elkton Gas, a controlled utility giving common gas circulation administrations to clients in Elkton, Md.

Whenever finished, the mix of Southern Organization and AGL Assets is relied upon to make the second-biggest service organization in the U.S. by client base, uniting:

Eleven directed electric and characteristic gas dispersion organizations giving support of around 9 million clients;

Operations of almost 200,000 miles of electric transmission and appropriation lines;

More than 80,000 miles of gas pipelines; and

Around 44,000 megawatts of power creating limit.

About Southern Organization

With more than 4.5 million clients and around 44,000 megawatts of creating limit, Atlanta-based Southern Organization (NYSE: SO) is the chief vitality organization serving the Southeast through its auxiliaries. A main U.S. maker of spotless, protected, solid and moderate power, Southern Organization claims electric utilities in four states and a developing aggressive era organization, and additionally fiber optics and remote correspondences. Southern Organization brands are known for fantastic client administration, high unwavering quality and moderate costs that are underneath the national normal. Through an industry-driving duty to advancement, Southern Organization and its auxiliaries are concocting America's vitality future by building up the full arrangement of vitality assets, including atomic, 21st century coal, common gas, renewables and vitality proficiency, and making new items and administrations for the advantage of clients. Southern Organization has been named by the U.S. Bureau of Safeguard and G.I. Occupations magazine as a top military boss, recorded by Dark Venture magazine as one of the 40 Best Organizations for Assorted qualities and assigned a 2014 Top Business for Hispanics by Hispanic System. The organization earned the 2014 National Honor of Atomic Science and History from the National Nuclear Historical center Establishment for its authority and responsibility to atomic improvement, and is reliably positioned among the top utilities in Fortune's yearly World's Most Respected Electric and Gas Utility rankings.

About AGL Assets

AGL Assets (NYSE: GAS) is an Atlanta-based vitality administrations holding organization which possesses and works regular gas utilities, and retail vitality and administrations, wholesale administrations and midstream organizations. AGL Assets serves around 4.5 million utility clients through its controlled circulation auxiliaries in seven states. The organization additionally serves more than one million retail clients through its SouthStar Vitality Administrations joint endeavor and Critical Home Arrangements, which advertise characteristic gas and related home administrations. Other non-utility organizations incorporate resource administration for normal gas wholesale clients through Sequent Vitality Administration and proprietorship and operation of common gas storerooms. AGL Assets is a Fortune 500 organization and an individual from the S&P 500 File.

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Particle to lead sea base seismic study seaward Nigeria Wednesday, May 04, 2016

Particle to lead sea base seismic study seaward Nigeria Wednesday, May 04, 2016

Particle Geophysical Organization (NYSE: IO) today reported that its Sea Base Seismic (OBS) organization, OceanGeo, is activating its vessels and team to direct an OBS study seaward Nigeria.A letter of duty for the venture has been issued by a Universal Oil Organization, and Particle anticipates that the agreement will be concluded inside the following couple of weeks.

Particle President and CEO Brian Hanson remarked, "We are satisfied to put our OBS group back to work.We will instantly start preparing to the undertaking site, hope to start gaining information in late June or early July, and to finish full grounding by late in the third quarter.Our innovation is appropriate for extra open doors in Nigeria and West Africa, and we keep on pursueing dynamic tenders and leads for activities in the territory. We stay idealistic about our capacity to keep the group endless supply of this anticipate."

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Bunches say Trudeau losing validity on pipeline process Wednesday, May 04, 2016

Bunches say Trudeau losing validity on pipeline process Wednesday, May 04, 2016

Ecological gatherings crosswise over Canada say Executive Trudeau's guarantee of a reasonable and valid pipeline audit procedure is being undermined by his gathering's master pipeline open explanations instead of holding up to be educated by the pipeline survey process. Gathers and concerned nationals have been advised to sit tight for an enhanced pipeline process, which, in this way, has neglected to emerge.

"Leader Trudeau let me know amid the decision the Kinder Morgan process 'should be re-done,'" reviewed Kai Nagata, representative for the B.C.- based Dogwood Activity. "In January, while the National Vitality Board's hearings proceeded unaltered, the legislature declared it would attach some sort of additional audit. From that point forward, nothing. Individuals have no chance to get of knowing whether this extra procedure is tenable, or when it will happen."

In the previous week and a half, Trudeau has met to discuss future pipelines with Alberta Chief Rachel Notley, Saskatchewan Head Brad Divider and the oil business in Alberta. Real worries on the Kinder Morgan and Vitality East pipelines lays on how general society will have the capacity to connect with, how the contribution from the general population and Indigenous people groups will illuminate an official choice and if there will be a 1.5° atmosphere test connected to the pipeline ventures.

"The national government's atmosphere test on new pipeline extends should be predictable with the 1.5 degree duty made in Paris," said Dale Marshall of Natural Guard. "To reestablish confidence all the while, Canadians need certainty that an audit could really find that a vitality venture is not in Canadian open intrigue and ought not be endorsed."

Gathers likewise communicated worry about how data, for example, the late study demonstrating weakened bitumen from tar sands oil is unimaginably costly and testing to tidy up, will illuminate the basic leadership process.

"TransCanada is currently required to agree to Quebec's natural law and general society groups of onlookers on Vitality East will uncover the degree of subjects' restriction to this anticipate in Quebec" announced Sidney Ribaux, Official Chief of Équiterre. "A solid duty from the national government to consider the effect of this anticipate on Canada's GHG outflows is important to reestablish general society's trust in the appraisal procedure of vitality tasks in Canada," included Mr. Ribaux.

"Trudeau guaranteed Canadians a trustworthy and reasonable pipeline audit prepare however his ace pipeline talk is undermining our confidence in his earnestness," said Andrea Solidify of the Board of Canadians. "Individuals crosswise over Canada are worried about what these pipelines mean as far as their groups, atmosphere, and the soundness of drinking water, area and seas. Trudeau must quit listening to the oil campaign and return to working for Canadians."

"Lately, people group crosswise over Ontario have voiced worries about the risk of pipelines to their drinking water," said Teika Newton of Move Activity Kenora. "It's chance Canadians hear their worries about drinking water and environmental change consider much as pipeline-pushing premiers."

Bunches included incorporate Ecological Safeguard, Equiterre, Committee of Canadians, Dogwood Activity and Move Activity Kenora.

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