Oil & Gas UPDATE

August 2012

TABLE OF CONTENTS

 

INDUSTRY ANALYSIS

OVERVIEW

Statoil Considers Natural Gas to be Fuel of the Future

New Subsea Gas Dehydration Process May Open More Fields

Expro Develops New AX-S Subsea Well Intervention System

Researchers Show Possibility of Capturing Carbon Dioxide Directly from Air

CB&I to Buy Shaw Group for $3 Bln

AMERICAS

U.S.

FERC Okays Caledonia Storage Project with No Open Season Required

NTSB Finds Fault with Enbridge in 2010 Michigan Pipeline Spill

Analyst Reports Permian Needs More NGL Pipe, Processing Infrastructure

Consumer Group Says CA Utilities' Pipeline Safety Plan Too Ambitious, Expensive

BP Shelves $1 Bln Liberty Offshore Drilling Project in Alaska

Chesapeake Ordered to pay $100 Mln in Claims

Independence Energy Announces Additional Upgrades at OK Quinlan Lease Oil Property

Expro Awarded $3.4 Mln Gulf of Mexico Subsea Services Contract with LLOG Exploration

PG&E to Focus on Safety and Compliance with 4,300 System-Monitoring Upgrades

Report Says $163 Bln Currently Invested in U.S. Oil, Gas Projects

Kinder Morgan, BP Reach Long-Term Processing and Storage Contacts

Shell Revises Offshore Alaska Drilling Plans Due to Ice Presence and Oil Spill System Certification

U.S. House Rejects and Replaces Obama Offshore Drilling Plan with New Legislation

Enbridge Cleaning Up Wisconsin Oil Spill, But Pipeline Still Closed

ONEOK Announces Approximately $1 Bln for Additional Growth Projects to 2014

TransCanada Receives Final Permit for Gulf Coast Portion of Keystone XL

McDermott Awarded a Fixed Platform Contract for Discovery System in the Gulf of Mexico

Williams Partners’ Announces Open Season for Transco Pipeline Mobile Bay South III Expansion Project

CB&I Announces $225 Mln Contract from AGL Energy in Australia

Govt Officials Discuss Plans to Modernize Columbia Gas Transmission Pipeline Infrastructure

CANADA

Spectra Energy Opens Natural Gas Processing Plant

British Columbia Lays Down "Minimum Requirements" for $5.5 Bln Northern Gateway Pipeline

MEXICO

Bredero Shaw Wins $40 Mln in Coatings Contracts for Pemex Linea 5 Pipeline Project

BRAZIL

Keppel FELS Wins $200 Mln FPSO Topside Contract from MODEC and Toyo JV

Total Takes Over Operatorship from Petrobras of Offshore Block in Brazil

BG Group Approves $4.5 Bln Worth of Brazil FPSO Contracts

ASIA

Scomi Group to Tender $1 Bln Oil and Gas Contracts in the Next Year

Turkmenistan Seeks Investors for TAPI Gas Pipeline to Link Central and South Asia

AUSTRALIA

ShawCor Wins Second Order for Ichthys Project for $100 Mln Plus LNG Pipe Coating Contract from McDermott Australia

Apache Awards Technip a $61 Mln Subsea Contract for the Balnaves Field Development

CB&I Announces $225 Mln Contract from AGL Energy in Australia

BANGLADESH

Chevron Will Spend $500 Mln to Expand Bangladeshi Gas Production

MALAYSIA

CB&I Announces Technology Contract in Malaysia

Aker Solutions Wins Atwood Oceanics Drilling Riser Contract

Singapore's Kreuz Wins $13 Mln Malaysia Subsea Services Contract

Petronas Selects Airborne O&G for Offshore Non-Metallic Flowline Solutions

PHILIPPINES

The Philippines to Bid out Three Oil Exploration Contracts in S. China Sea

SINGAPORE

Keppel Kazakhstan Tie-Up Wins $242 Mln Jackup Rig Contract

EUROPE / AFRICA / MIDDLE EAST

GERMANY

German Cartel Office OKs $4 Bln Sale of E.ON's Gas Grid to Macquarie Led Consortium

IRELAND

Key Decisions Due for All-Ireland Islandmagee Gas Storage Facility

NORWAY

Statoil Awards FMC $200 Mln Subsea Systems Contract

Aker Solutions Acquires Two Subsea Companies

Technip Awarded EPIC Contract by Marathon Oil

UNITED KINGDOM

Ithaca Energy Awards Technip $230 Mln EPIC North Sea Contract

ANGOLA

Aker Solutions Wins $250 Mln Subsea Intervention Contract from Total E&P Angola

EAST AFRICA

Tullow, CNOOC, Total Could Invest $5 Bln in E Africa Oil Export Hub

GUYANA

Tullow Abandons Oil Well off Guyana Citing Safety Issues

NIGERIA

Saipem Awarded over $800 Mln E&C Contract for Onshore Nigeria

Nigeria Faces Unprecedented Rise in Incidents of Pipeline Vandalism

REPUBLIC OF CONGO / ANGOLA

Chevron to Proceed with $2 Bln Offshore Congo Subsea System and Pipeline Project

SOUTH AFRICA

Mossel Bay GTL Refinery Gets Go Ahead for New Gas Fields Project

AFGHANISTAN

Dubai’s Dragon Oil and Kuwait Energy Compete for Afghan Oil Deals

IRAN

Tender to Be Held for Purchasing South Pars Sea Pipelines

IRAQ

Iraq and Dragon Oil Consortium Sign Initial Block 9 Contract

SAUDI ARABIA

McDermott Awarded Safaniya and Zuluf Fields Projects for Saudi Aramco

UNITED ARAB EMIRATES

Technip JV wins $817 Mln Abu Dhabi Oil Contract for Zadco Offshore Expansion

Technip Wins Dubai Petroleum Subsea Contract

Abu Dhabi’s NPCC and Technip Awarded Joint $800 Mln Contract for Offshore Facilities

 

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