Oil & Gas UPDATE
October 2012
TABLE OF CONTENTS
INDUSTRY ANALYSIS
OVERVIEW
Origin Oil to License its Clean-Frack Process for Oil & Gas Market
New Report from Frost & Sullivan Says Shale Gas Will Reshape World Energy Markets
Study Says $400 Mln Plus Invested in Water Technologies for Oil, Gas and Mining in Past Five Years
Magnets and Nanotechnology Being Considered to Help Clean Up Offshore Oil Spills
DNV Proposes New Power Centralization for Deepwater Offshore Developments
Shale Boom Causing Companies to Rethink Transportation, Storage
AMERICAS
U.S.
BP Agrees to $5.5 Bln Gulf of Mexico Oil and Gas Fields Sale
Ridgeline Energy Services Offers an Economic Water Treatment Option for Oil and Gas Operations
BP Sells Non-Strategic Gulf of Mexico Assets for $5.5 Bln to Plains E&P
Alanco Energy Services Begins Commercial Operation of New Colorado Oil & Gas Produced Water Treatment Facility
John Hofmeister Calls for Updated U.S. Refining, Transportation Infrastructure
FERC Puts Environmental Review of Alaska Gas Pipeline Project on Hold
New Sky Energy and 212 Resources Announce Partnership to Convert Wastewater from Industry, Oil and Gas Operations
Alabama Plant Pilot Project Begins Capturing, Carbon Sequestering
Southern Company Recognized for Carbon Capture Technology
Forestar Group Completes Acquisition of Credo Petroleum
Aker Solutions Awarded Murphy Umbilicals Contract
Shell to Proceed with Alberta Oil Sands Quest CO2 Capture
U.S. / CANADA / ASIA
Graham Corp Awarded Five Orders Totaling $7.5 Mln
U.S. / JAPAN / SAUDI ARABIA
GE Wins $1.2 Bln in Contracts for Gas-powered Turbines
CANADA
DeepOcean Performing FEED Study for INTECSEA Canada
BRAZIL
Petrobras Starts Output at the Offshore Campos Basin Baleia Azul Presalt Field
GE Signs Record Nearly $1.1 Bln Subsea Wellhead Production Contract with Petrobras
WorleyParsons Wins Contract for Offshore Brazil Peregrino II Field Expansion
GE Wins $120 Mln Power Contract from Keppel for Petrobras Six Ultra-Deepwater Rigs
VENEZUELA
Petromacareo, Vietnam-Venezuela Oil and Gas JV Begins Production
ASIA
CHINA
Aker Solutions Wins Drilling Equipment Order for Chinese Jackup
INDIA
Punj Lloyd Awarded Crude Oil Storage Contract at Mangalore Refinery
JAPAN
Japanese Discovery Reveals that Fracking and Carbon Capture Plans could Be Combined
KOREA
Korea National Oil to Build $1.4 Bln Oil Hub in Ulsan
Seadrill Enters $600 Mln Turnkey Contract with Samsung for New Ultra-deepwater Drillship
Transocean Announces Ten-Year Contracts from Shell for Four Newbuild Ultra-Deepwater Drillships
PAKISTAN
Eni Reports Significant Gas Discovery in Pakistan
PHILIPPINES
Otto Energy Approves Western Philippines $188 Mln Galoc Phase 2 Development
EUROPE / AFRICA / MIDDLE EAST
EUROPE
As EU Cuts Funding Carbon Capture Faces an Uncertain Future
ITALY
Storage Capacity in Italy to Increase Sixty-Six Percent by 2020
NORWAY
Technip Awarded Substantial Contract for the Gullfaks Field in Norway
Aker Secures Norway’s $43.8 Mln Troll Field Subsea Contract
SCOTLAND
Scotland to Increase Investment in Oil and Gas Sector Again
New Discoveries May Reverse Norway’s Oil, Gas Production Decline by 2020
UNITED KINGDOM
KD Marine Wins Subsea Contract from Marathon Oil
Consortium Bids for Teesside UK Carbon Capture Site
Emerson Awarded $21 Mln Contract to Provide Automation Technologies, Services for New BP FPSO Vessel
TANZANIA
Tanzania Inaugurates Pipelay, Seismic Surveys Project
RUSSIA
Rosneft &Transneft to Construct an Offshoot of ESPO Trunk Pipeline to Komsomolsk Refinery
MSi Kenny to Provide Nord Stream a Compression Modeling Subsystem
AZERBAIJAN
TANAP $7 Bln Gas Pipeline Capacity Could Double in 2026
Hess to Sell Interest in ACG Fields for $1 Bln to ONGC Videsh
BRUNEI
Plexus Signs Four Year Contract with Shell in Brunei for Wellhead and Mudline Equipment
IRAN
Iran About to Sign $7 Bln in Contracts for Development of Three Oil and Gas Fields
Iraq Approves Three Oil and Gas Deals to Foreign Firms
Leighton Holdings Secures $200 Mln Iraq Oil, Gas Contract
DSI Wins Substantial EPC Contract for the Zubair Field Oil & Gas Project in Iraq
JORDAN
Jordan and Iraq to Build Oil and Natural Gas Pipeline
KUWAIT
Petrofac Wins $200 Mln EPC Contract from Kuwait Oil
OMAN
Al Hassan Wins $10.4 Mln Hyundai Deal for Oman Oil Gas Plant
Maersk & Qatar Petroleum in Talks to Extend Contract with Possible Further Development of Offshore Al-Shaheen Field
PALESTINE
Israel Okays Development of Gaza Offshore Gas Field
QATAR
Maersk & Qatar Petroleum in Talks to Extend Contract with Possible Further Development of Offshore Al-Shaheen Field
SAUDI ARABIA
Lamprell Group Forms a JV to Expand Operations in Saudi Arabia
Saudi Aramco to Develop Midyan Gas Field for $800 Mln
YEMEN
Yemen Invites International Companies to Bid for Five Blocks
WORLDWIDE
Transocean to Sell Thirty Eight Oil Rigs for $1 Bln Plus
Maire Tecnimont Announces New Contracts Worth over $173 Mln in Oil, Gas & Petrochemicals
Shell Halts 2012 Arctic Exploratory Drilling after Damage to Key Oil-containment System
Total Speaks Out against Oil Drilling in Arctic Waters
UK Lawmakers Call for Moratorium on Arctic Oil & Gas Drilling
SIBERIA
Red Mountain Energy to Build Gas Processing Plant for Irkutsk Oil in Siberia