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  1. Noble clinches Leviathan natural gas export deal

    Offshore staff HOUSTON – Noble Energy Inc. and its partners have agreed to supply natural gas from the Leviathan field offshore Israel to Jordan’s National Electric Power Co. (NEPCO) for power production facilities. Under the terms of the gas sales and purchase agreement the partnership will deliver around 1.6 tcf, or 300 MMcf/d, over a 15-year period. NEPCO also has an option to purchase an incremental 50 MMcf/d, lifting the volume to 350 MMcf/d. Gas supplied will include take-or-pay commitments, with pricing linked to Brent oil and a firm floor price. Noble anticipates gross contract revenues of around $10 billion. Previously, the Leviathan partners agreed to export gas from the offshore Tamar field to the Jordan Bromine Co. and the Arab Potash Co. from late 2016 onwards. J. Keith Elliott, Noble’s senior vice president, Eastern Mediterranean, said: “Including Israel sales contracts, this brings total contracted volumes to between 400 MMcf/d and 450 MMcf/d. “The approved plan of development incorporates an expandable platform, which will enable us to accelerate Leviathan first gas while maintaining the ability to increase production capacity to meet growing future demand. “While continuing to advance negotiations with additional Israeli industrial and power companies and other regional customers, we are also progressing the other work streams necessary for a final investment decision as early as the end of 2016.” Noble expects to complete construction and field development to deliver first gas from Leviathan within three years following sanction. Subject to regulatory approvals from Israel and Jordan, sales to NEPCO should begin at field start-up. The initial Leviathan field development will be a subsea tieback to a shallow-water platform with a pipeline connection through to Jordan. Noble operates Leviathan with a 39.66% interest, in partnership with Delek Drilling, Avner Oil Exploration and Ratio Oil Exploration (1992). Leviathan holds an estimated 22 tcf recoverable. 09/27/2016 Share your news with Offshore at news@offshore-mag.com

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    Tue, 27 Sep 2016

  2. Oil and Gas News: Feds probing if fire at Texas refinery caused by welder

    Federal investigators are reviewing whether a welding contractor working on a crude oil pipeline connection under construction might have helped ignite a flash fire that injured seven people at a Southeast Texas refinery.

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    Mon, 15 Aug 2016

  3. Eggborough to go gas-powered

    The site of the existing coal-fired power plant at Eggborough in northern England is to be transformed into a gas-fired power facility.

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    Wed, 31 Aug 2016

  4. Magellan, TransCanada to build Houston crude pipeline connection

    Magellan Midstream Partners LP and TransCanada Corp. reported definitive plans to connect TransCanada’s Houston tank terminal to Magellan’s East Houston terminal.

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    Thu, 14 Jan 2016

  1. Magellan, TransCanada to pursue Houston Pipeline connection

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    Thu, 16 Apr 2015

  2. Global Partners announces Bakken pipeline connection agreement

    Tesoro Logistics will link its High Plains Pipeline System to Global’s Basin Transload facility in Columbus, North Dakota.

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    Tue, 26 Mar 2013

  3. USD Partners completes acquisition of Casper terminal

    USD Partners LP has completed its acquisition of the Casper, Wyoming, crude oil terminal for total consideration of $225 million. In addition, on Nov. 13, the Partnership amended its senior secured credit agreement to increase its borrowing capacity from $300 million to $400 million, supported by ...

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    Wed, 18 Nov 2015

  4. North Sea platform, modules roll out of HSM yard

    HSM Offshore expects to complete construction of  packages this summer for three offshore field developments in the North Sea.

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    Thu, 18 Jun 2015

  5. Griffiths Energy eyes southern Chad oil production start

    Griffiths Energy International Inc., Calgary, said it could begin pipeline shipments of oil from wells in southern Chad in the third quarter of 2013.

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    Tue, 29 Jan 2013

  6. North Sea weather slows Greater Stella Area development drilling progress

    Ithaca Energy says oil from its Greater Stella Area (GSA) development in the central UK North Sea will be exported via shuttle tankers.

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    Mon, 31 Mar 2014

  7. Contact Exploration finds success at second Montney well

    Contact Exploration confirms repeatability of Kakwa liquids-rich Montney development with second successful well.

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    Tue, 6 Nov 2012

  8. Khabarovsk refinery upgrade under way

    Alliance Oil Co., Moscow, is upgrading its 90,000 b/d Khabarovsk refinery in Russia’s Far East in a project that will push capacity to 100,000 b/d this year.

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    Thu, 19 Sep 2013

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