Oil & Gas UPDATE
August 2011
TABLE OF CONTENTS
INDUSTRY ANALYSIS
OVERVIEW
Siemens Develops Subsea Power Grid
Saudi Aramco and Schlumberger to Develop New Technology for Downhole Valves
The Challenges of Capturing Carbon Gas
AMERICAS
U.S.
Chevron Awards GE Oil & Gas High-Tech, Offshore Gulf of Mexico Contract
Exxon and Montana's Yellowstone Pipeline Controversy
CB&I Garners $300 Mln Northeast Gas Plant Contract
Crosstex Energy, Apache Corp to Invest $85 Mln in Permian Gas Plant
Converteam to Supply VSDS for Utah Chipeta Gas Plant
Exxon Beginning Preliminary Work after Break to Replace Montana Pipeline
U.S. Regulator Warns Montana Pipeline Operators to be on Alert as Cleanup Continues
Williams Partners $55 Mln Transco Expansion OK’d by FERC
Exxon Beginning Preliminary Work to Replace Montana Pipeline
EPA Deems Exxon Oil Spill Cleanup Plan Insufficient
Martin Midstream to Build $25 Mln Corpus Christi Terminal
High Costs Overwhelm American Electric Power's Carbon Capture Plan
Inergy Buys $65 Mln Upstate NY Gas Storage Facility and Pipelines
Schilling Robotics and Gregg Marine New Subsea Drill Passes Factory Acceptance Testing
House Passage of Keystone XL Legislation Gets Approval from NPRA
Gevo, South Hampton Resources to Build Texas Hydrocarbon Processing Demonstration Plant
Crosstex Energy Plans NGL Pipeline, Fractionation Expansion Project in LA
Eagle Rock Energy to Install $67 Mln Cryogenic “Woodall Plant” in Texas Panhandle
Holly Energy Announces Two Projects at $15 Mln to Expand Delaware Basin Infrastructure
Delay of EPA Oil Spill Regulation Sought by Mid-South Congressmen
American Electric Power Drops Out of Sequestering Carbon Doxide in Low-Emissions Coal Race
National Oilwell Profits, Backlog Grow on Rig-Building Boom
National Oilwell Buys Drilling Equipment Maker STSA
Hess Enters Agreement with Alliance to Build Natural Gas Lateral in North Dakota
El Paso Electric Expanding NM Power Plant with GE’s Aeroderivative Gas Turbines
Monroe Gas Storage Launches Open Season for MS Natural Gas Storage Facility
Montana State University to Begin Work on $67 Million Carbon Capture Project
DOE to Provide $612 Mln for Three Carbon Capture and Storage Projects
NRG Awarded up to $154 Mln from DOE for Carbon Capture and Storage Project
CANADA
Pembina Pipeline to Expand Its West Central Alberta Cutbank Complex for $26 Mln
TRINIDAD AND TOBAGO
BP Awarded Two Deepwater Blocks in Trinidad
BRAZIL
Brazil’s Petrobras Plans to Build Refinery Project without PdVSA
Battelle, AEP Complete W VA Coal-fired Power Plant CCS Project
TransMontaigne, Blueknight to Build Crude Oil Storage Terminal in Cushing, OK
GE Oil & Gas Wins $120 Mln Subsea Petrobras Campos Basin Contract
Petrobras Awards Subsea 7 S.A. $1 Bln Deepwater Development Contract Offshore Brazil
Petrobras's Downstream $18 Bln Investments Worries Investors with Eyes on Offshore Fields
ASIA
AUSTRALIA
Statoil Awards FMC Technologies $43 Million Subsea Workover Adapters Contract
McDermott Wins Subsea Contract for Macedon Gas Project Offshore Western Australia
Chevron Corporation Awards Subsea Installation Contract to Subsea 7
Shell to Convert Australia’s Clyde Refinery to Fuel Import Terminal by 2013
Santos to Acquire 100 Percent of Eastern Star Gas
INDONESIA
Indonesia’s BPMIGAS Gives Approval to $500 Mln Ruby Gas Field Development
MALAYSIA
McDermott Wins Kikeh Subsea Expansion Project Contract in Malaysia
SINGAPORE
Sembcorp Marine Gets $444 Mln Contract to Build Two Jackup Rigs for Noble
VIETNAM
UAE Firm may Build Fuel Storage in Vietnam
EUROPE / AFRICA / MIDDLE EAST
GERMANY
Tognum Supplying 50 Gas-powered Gen-Sets to Aggretech
NETHERLANDS
Reef Subsea Awards Hereema Subsea Construction Contract for New-built Polar King Vessel
NORWAY
FMC Technologies Signs $43 Mln Agreement with Statoil
Statoil, Gassnova Launch Tech Qualification for Mongstad CCS Project
Bergen Group Dreggen Awarded New Statoil Contract
Statoil Awards FMC Technologies $43 Million Subsea Workover Adapters Contract
UNITED KINGDOM
UK’s Endeavour Energy Awards Subsea Umbilical Supply Contract to Aker Solutions
Technip Wins Endeavour Energy UK North Sea Contract
Aker Solutions Wins Topside FEED Contract for Statoil's Mariner Field
Subsea 7 Announces Contract for E.ON in North Sea Huntington Development
Aker Solutions Awarded $15 Mln Umbilical Contract by Endeavour Energy UK
GHANA
Norway’s DOF Gets Tullow $4.3 Mln Ghana Contract
AZERBAIJAN
Foster and SOCAR Sign MoU to Form New Joint Venture in Azerbaijan
RUSSIA
Russia's Gazprom Wants Control of Belarus' Gas Pipeline Network
Two GE Gas Turbines to be Included in Russian Plant Expansion
JV for Siemens and Russia’s Power Machines OJSC
TURKMENISTAN
Iran’s Pars Enerji Builds LNG Storage Terminal in Turkmenistan
IRAN / IRAQ / SYRIA
Iran, Iraq and Syria Sign a $10 Billion Gas Deal
IRAQ
Turkey's Enka Awarded $60 Mln Contract in Iraq
Petroceltic & Hess Corporation Form Joint Venture in Kurdistan Region of Iraq
ISRAEL
GeoGlobal Finalizes Offshore Israel Drilling Rig Contract
JORDAN
Egypt’s Natural Gas Pipeline to Jordan 'Extensively' Damaged in Second Attack
SAUDI ARABIA
Topaz Energy Awarded $160 Mln Worth of Support Contracts
Flowserve JV Certified to Supply Valves to Aramco
UNITED ARAB EMIRATES
ABB Wins $30 Mln Order to Supply Equipment for UAE Gas Plant