Offshore

Tennessee declared force majeure Tuesday after identifying a leak on its 509A-300 line (the Southwest Leg of the Blue Water System) offshore Louisiana. Divers were being dispatched to assess the damage, the pipeline said, adding that it believes the leak is on a lateral (the 509A-400 line) off 509A-300, and if it can be successfully isolated only one meter (East Cameron 254B) would need to remain shut in. However, that meter and 14 others were required to shut in Tuesday until further notice. Tennessee said it was allowing nominations to remain in place for the Tuesday and Wednesday gas days, but shippers would be required to cut their nominations to zero at affected meters Thursday if they are still shut in. About 40,000 Dth/d is currently scheduled on this line under Tennessee’s capacity.

Dallas-based independent Remington Oil & Gas Corp., which concentrates its operations onshore and offshore the Gulf Coast, said fourth quarter production jumped 7.2%, while 2004 natural gas and oil volumes grew 9.5%, both setting company records.

Tennessee declared a force majeure event Friday afternoon for meters on its 524C-600 Line due to a leak. The South Timbalier 54 meter offshore Louisiana was shut in for the duration of repairs, which was undetermined at that point.

ChevronTexaco Corp. and BG Group, which jointly operate some wells offshore Trinidad and Tobago, confirmed last week that their Manatee 1 exploration well has encountered “significant” amounts of natural gas.

ChevronTexaco Corp. and BG Group, which jointly operate some wells offshore Trinidad and Tobago, confirmed this week that their Manatee 1 exploration well has encountered “significant” amounts of natural gas.

It’s been four-and-a-half months since Ivan, the most destructive hurricane for offshore oil and gas facilities in the last 50 years according to the Minerals Management Service (MMS), swept through the Gulf of Mexico, but producers and pipeline operators were still sending diving crews out on Wednesday to assess pipeline and platform damage. Although MMS has set a June 1 deadline for pipe repairs to be completed, El Paso Corp. said repair work on some of its facilities could continue until next fall.

FERC issued a draft order last week granting a certificate for development and operation of the $750 million Sabine Pass LNG terminal in Cameron Parish, LA. With a proposed peak sendout of 2.6 Bcf/d of regasified LNG, Cheniere LNG’s Sabine Pass terminal will be the largest of the three proposed and four existing U.S. LNG terminals with FERC certificates.

ChevronTexaco Corp., which wants to build an offshore liquefied natural gas (LNG) receiving and regasification terminal about eight miles off the coast of Baja California, Mexico, last week gained approval for the project from Semarnat, Mexico’s environmental agency. The oil major still needs approval from other Mexican regulatory officials, including the Comision Reguladora de Energia, before construction may begin.

ChevronTexaco Corp., which is proposing to build an offshore liquefied natural gas (LNG) receiving and regasification terminal about eight miles off the coast of Baja California, Mexico, has gained approval for the project from Semarnat, Mexico’s environmental agency. The oil major still needs approval from other Mexican regulatory officials, including the Comision Reguladora de Energia, before construction may begin.