• 2017 July 14 15:09

    Staatolie signs contracts with ExxonMobil, Hess Corp and Statoil for two offshore blocks

    On 13 July 2017, Staatsolie Maatschappij Suriname N.V. concluded production-sharing contracts for two offshore blocks. For Block 59, an agreement was signed with a consortium consisting of the oil companies ExxonMobil, Hess Corporation and Statoil. With Statoil a contract was signed for Block 60, the Company said in a press release.

    The agreements are the result of Staatsolie’s ‘Open Door Policy Offshore Suriname’, which ran from 15 September 2015 until 7 September 2016. International oil companies could bid on open offshore blocks during this period. Based on predefined selection criteria, blocks 59 and 60 were awarded to the consortium and Statoil respectively. Negotiations with the parties started mid-October 2016.

    The agreements are effective for thirty years. The full contract term has been divided into an exploration, a development and a production period. For the exploration period, a minimum work program was agreed, during which geological research, seismic data collection and exploration drilling will be performed, among others. The consortium and Statoil will pay all costs in the exploration phases, and these will only be paid back after a commercial discovery is made which is brought into production. The contract offers Staatsolie the possibility to participate for up to ten percent in the development and production phases.

    Explicit attention was paid to inspection, safety and the environment in drawing up the production-sharing contracts. Provisions for the employment of local staff, training courses, social programs and the way in which the decommissioning of facilities will take place at the end of the petroleum activities, have also been included.

    Managing Director Rudolf Elias signed both contracts on behalf of Staatsolie. Erik Oswald (ExxonMobil), Timothy Chisholm (Hess) and Martijn Smit (Statoil) signed on behalf of the consortium. The agreement for Block 60 was also signed by Smit on behalf of Statoil.

    Block 59 is approximately 11,500 km2 in size and is situated about 400 kilometers off the coast, in water depths of more than 1,900 meters (ultra deep). Block 60, an area of 6,200 km2, is situated about 250 kilometers off the coast, in water depths of 800 down to 1,900 meters.

    American ExxonMobil is the largest publicly traded international oil and gas company in the world, with activities in several parts of the world. Together with its partners, ExxonMobil recently made large oil discoveries in Guyana.

    Hess Corporation is a large, independent energy company active in various countries. Together with its partners in Guyana, Hess made the large Liza-1 oil discovery. In Suriname, Hess already has an interest of 33.3 percent in Block 42.

    Statoil is the state oil company of Norway. The company has grown into a multinational active in the exploration, production, refining and shipping of oil and gas. Since January 2014, Statoil has an interest of 50 percent in Block 54.




2018 April 24

12:56 Bunker prices are going down at the Far East ports of Russia (graph)
12:33 Aleksey Kadilov elected as Director General of Baltiysky Zavod (photo)
12:09 US Federal Maritime Commission to examine trucking & delivery arrangements
11:45 Russia’s General Board of State Expert Review approves yet another phase of project on construction of Zvezda shipyard (photo)
11:09 CMA CGM announces GRR from Asia to East Africa
10:45 Foreship takes world’s leading CFD simulation software, StarCCM+ into use
10:30 ABP shortlisted for two Humber Renewables Awards
10:22 Brent Crude futures price down 0.04% to $74.03, Light Sweet Crude – down 0.13% to $68.31
10:08 Nakilat is the first company in Qatar certified for ISO45001
09:39 Freeport of Riga Authority along with several port companies visited TransRussia 2018
09:17 Baltic Dry Index up to 1,306 points
09:08 Compensation regime for Hazardous and Noxious Cargoes a step closer - IMO
08:48 City of Antwerp and Antwerp Port Authority start urban mission to Moscow and St. Petersburg

2018 April 23

18:06 World’s largest short sea Ro-Ro vessel MV Celine christened at Dublin Port
17:52 Digital Ship’s Maritime Big Data Forum will be held on 29 May 2018 in Oslo
17:36 Ocean Rig announces agreement to postpone delivery of newbuilding drillship Ocean Rig Santorini
17:20 Construction of Bagayevsky hydrosystem begins in Rostov Region (photo)
17:05 ITF urges Hutchison Ports to improve global health and safety operations
16:35 Polskie LNG conduct a technical dialogue on extension of LNG Terminal in Świnoujście
16:29 Rosmorport’s icebreakers assisted over 5,700 vessels in freezing seaports of Russia this winter navigation season
16:05 Hapag-Lloyd plans 20 percent reduction in CO2 emissions by 2020
15:55 Azerbaijan Caspian Shipping Company to provide additional scholarships for students
15:33 TransContainer’s net profit in QI’2018 increased by 19.5% Y-o-Y to RUB 1.479 million
15:04 M.v. Tucana delivers fibre optic cable baskets from Drammen (Norway)
14:47 Port of Gdansk (Poland) throughput up 44% to 12.7 million tonnes in January-March 2018
14:31 Average wholesale prices for М-100 HFO in RF spot market up to RUB 13,542 per tonne
14:10 ICTSI PNG units ink union agreements
13:59 MOL сrude oil tanker rescues a castaway in the South China Sea
13:39 Container barge transport to become more efficient in the port of Antwerp
12:48 Cargo transportation by Ukraine’s water transport fell by 7.3% to 0.7 million tonnes in 3M’18
11:46 Vistula Maersk makes a maiden call to St. Petersburg, as first in series of new ice-class vessels
11:13 2 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on April 22-23
10:51 Training ship Perekop completes unofficial visit to Republic of Sri Lanka
10:25 Brent Crude futures price down 0.04% to $74.03, Light Sweet Crude – down 0.13% to $68.31
10:04 Workshop on IMO's ISPS Code held in Mexico
09:40 Training on ship air pollution and low carbon measures held in Tehran
09:17 Baltic Dry Index up to 1,281 points

2018 April 22

15:33 Port of Rotterdam Authority to realise tide pools along Calandkanaal
15:32 British Ports Association raise border facilities' concerns with PM
15:31 Hapag-Lloyd to revise the Fuel Surcharge for Inland Haulage under Carrier arrangement from Germany to Belgium and Netherlands
15:30 JAXPORT names Interim Chief Financial Officer
15:28 Seaspan announces senior management change

2018 April 21

15:06 MV Thuringia makes maiden CI3 service call at Chennai International Terminals
15:04 Diana Shipping announces time charter contract for m/v Arethusa with Glencore
15:00 Gothenburg Port Authority publishes Sustainability Report for 2017
14:47 Wärtsilä welcomes global shipping’s agreement to cut greenhouse gas emissions
14:45 Vopak to invest in new storage capacity at its Rotterdam terminal

2018 April 20

18:15 Yaroslavsky Shipyard launches yet another boom-laying boat (photo)
18:03 CMA CGM announces FAK rates from Asia to Middle East Gulf
17:47 President of Cyprus visits IMO
17:29 NOVATEK’s AGM approves 2017 dividends
17:03 SEA\LNG reiterates LNG’s central role in meeting IMO’s decarbonisation goals
16:40 SCF Group’s financing deal with VTB Bank recognized by Marine Money as a Deal of The Year
16:03 CMA CGM announces an agreement to acquire a stake in CEVA
15:36 Nuclear-powered submarine Severodvinsk passed control check for winter training period
15:03 MEPC 72: Proposal to mandate ISO sulphur test methods to be discussed further
14:40 Krasnoye Sormovo shipyard launches Russia’s first dry cargo carrier of Project RSD59 (photo)
14:24 HELCOM group meets in Berlin to focus on reducing land-based pollution affecting the Baltic Sea
13:38 WMU supports IMO climate change strategy for shipping
13:02 Panama Canal transits three LNG vessels in one day