The natural gas storage report from the EIA for the week ending April 30th indicated that the amount of natural gas held in underground storage in the US rose by 60 billion cubic feet to 1,958 billion cubic feet by the end of the week, which left our gas supplies 345 billion cubic feet, or 15.0% below the 2,303 billion cubic feet that were in storage on April 30th of last year, and 61 billion cubic feet, or 3.0% below the five-year average of 2,019 billion cubic feet of natural gas that have been in storage as of the 30th of April in recent years..the 60 billion cubic feet that were added to US natural gas storage this week was more than the average forecast of a 51 billion cubic foot addition from an S&P Global Platts survey of analysts, but was well below the average addition of 81 billion cubic feet of natural gas that have typically been injected into natural gas storage during the same week over the past 5 years, as well as well below the 103 billion cubic feet added to natural
Velesto Energy Berhad has provided an update on the Velesto Naga 7 rig, which was
The company announced on Thursday that the focus remains on rescue, evacuation, and recovery efforts and revealed that all 101 personnel on-board the rig had been transferred safely to Miri, Sarawak.
As of Thursday, Velesto Energy highlighted that it was unable to estimate the overall financial impact on the group from the incident but outlined that it expects this to be mitigated as the rig is “adequately insured”. Velesto Energy said it is working closely with the client and insurers and providing full cooperation to the relevant authorities. The company also noted that other businesses of the group are operating as usual, including the other six rigs in its fleet.
KUCHING: The Marine Department will investigate the sinking of the Naga 7 drilling rig off Miri. An investigation team has been set up by the Sarawak region marine department to find out the cause of the incident, the department said in a statement on Wednesday (May 5).
The department confirmed receiving a report of the incident which occurred at about 2.45pm Monday (May 3), about 139 nautical miles from Miri.
The Naga 7 jack-up rig was carrying out pre-loading works when one of its legs was said to have punctured through the seabed, causing it to list.
The rig is owned by Velesto Energy Bhd and chartered by oil and gas company ConocoPhillips Sarawak Ltd.