Oil & Gas UPDATE
September 2012
TABLE OF CONTENTS
OVERVIEW
New CU-led Study Says Earth Still Absorbing CO2 Even as Emissions Rise
KBR, Shell Global Solutions Expand Hydroprocessing Tech Alliance
Planned Floating Production Projects Worldwide Keeps Growing
Offshore Drilling Boom Continues Despite Economic Turmoil and Energy Cost Concerns
Scientists Question CO2 Sequestering in NRC Report
AMERICAS
U.S.
McDermott Awarded Spar Hull Installation Contract for Williams Partners in the Gulf of Mexico
McDermott to Fabricate, Install Discovery GoM pipeline Junction Platform
Graham Corp Awarded $3 Mln in Orders for U.S. Oil Refinery and Alternative Energy Installations
Kansas Geological Survey Drilling Well to Assess CO2 Sequestration Potential
Framo Engineering Awarded Gulf of Mexico Subsea Pump Systems Contract by Chevron
Coal-Plant CO2 Captured, Stored Underground in First for U.S. Regional Carbon Sequestration Partnership
U.S. Emissions Drop as World's Largest Economy Uses More Gas than Coal
The U.S. Oil Industry's Biggest Winners Are Pipeline Builders
U.S. Policy Debate Underway Concerning Natural Gas Exportation
Sempra Subsidiary Adds Gas Storage Capacity to Mississippi Hub
CANADA
Canada Minister Blasts Enbridge Environmental Record and Casts Doubt on $6 Bln Northern Gateway Pipeline Plan
Canada's NEB to Focus on Pipeline Safety and Enbridge Operations
Energold Drilling Announces Multi-Year Energy Drilling Contracts Valued at $45 Mln Annually
Northern Gateway Panel to Begin Final Hearings in September
MEXICO
APM Terminals Signs $900 Mln Contract for Container Terminal at the Port of Lazaro Cardena
KS Energy Enters into Drilling Agreements with Pemex
BRAZIL
QGOG and Sete Brasil Sign Agreements for Three Submersible Drilling Rigs Offshore Brazil
Keppel FELS Wins more Topsides Work for Brazil Santos Basin FPSOs
Sembcorp Marine Wins $135 Mln Contract from Diamond Offshore
Petrobras to Invest $132 Bln on E&P through 2016
Sembcorp, Keppel on Track with Over $16 Bln Worth of Rig Orders for 2012
IBM Opens a Second Innovative Oil & Gas Technology Lab in Brazil
Aker Solutions Wins Contract to Deliver Drilling Equipment to the Deepwater Brazilian Market
Dril-Quip Awarded $650 Mln Contract by Petrobras
COLOMBIA
RWL Water Group Awarded $100 Mln Contract in Colombia by Pacific Rubiales
ASIA
AUSTRALIA
Malaysia's Hibiscus Pumps $28 Mln into 3D Oil's Offshore Australia Development
CHINA
CNOOC's Offshore Successful Appraisal of Two Offshore Wells in the Bohai Sea a Positive Development
China’s First CCS Project Captures 40k Tons of CO2
MYANMAR
Myanmar's $8.6 Bln Dawei Special Economic Zone Project in Progress
Japan Consortium Signs Industrial Zone Pact with Myanmar
SINGAPORE / BERMUDA
Keppel FELS Wins $315 Mln Semisub Contract from Floatel
EUROPE / AFRICA / MIDDLE EAST
FRANCE
Technip Completes Acquisition of Stone & Webster Process Technologies and Associated Oil and Gas Engineering Capabilities from The Shaw Group
GERMANY
Germany Not to Continue Plan to Subsidize New Fossil Fuel-fired Power Plants
NETHERLANDS
SBM Offshore FPSO Strategy Paying Off
NORTH SEA
J P Kenny Awarded Apache $7.5 Mln Multiyear North Sea Subsea Engineering Service Agreement
Eni Sells $179 Mln in Shares in North Sea Interconnector Pipeline
NORWAY
GE to Acquire Norwegian Subsea Monitoring Provider Naxys
Statoil Awards $500 Mln-plus IDS Contract to Baker Hughes
Norske Shell Awards Framo Engineering $100 Mln Contract for Subsea Booster Pump at Draugen
UNITED KINGDOM
AMEC Awarded over $93 Mln Detail Design Contract for GDF SUEZ's Southern North Sea Cygnus Field
Proserv Awarded Two North Sea Subsea Contracts in Excess of $9.39 Mln
Technip Awarded Five-Year Subsea IRM for ConocoPhillips UK
Ithaca Energy Awards Technip Substantial EPIC UK North Sea Contract
UK Approves Shell Plan for North Sea Gannet Pipeline Recovery Op
Samsung C&T Awards Foster Wheeler Feed Contract for the UK’s 2Co Energy CCS Project
ANGOLA
KBR Awarded FEED Contract for Topsides and Hull for FPSO Vessel Offshore Angola
CONGO / ANGOLA
Subsea 7 Wins Major $600 Mln Offshore Congo/Angola Contract
GHANA
Eni and Vitol Sign MoU to Develop Ghanaian Gas Fields
MOZAMBIQUE
Eni Reports New Natural Gas Discovery Offshore Mozambique
NIGERIA
Siemens Signs $18 Mln Contract with Shell to Reduce Gas Flaring in Nigeria
KURDISTAN
Heritage Oil Sells Its Twenty-six Percent Stake in Kurdistan's Miran Field to Turkey’s Genel Energy
RUSSIA
Horizontal Drilling Boom Under Way in Russia
CPC Pipeline Restarts after Scheduled Shutdown with Phase 1 Expansion Completion
BRUNEI
Technip Wins Flexible Pipe Supply Contract Offshore Brunei
Petrofac Awarded $100 Mln Offshore Contract in Iraq
ISRAEL
Israel Presenting Opportunities for U.S. Oil and Gas Firms
OMAN
Larsen & Toubro Wins $235 Mln EPC Oman Gas Contract
UNITED ARAB EMIRATES
Technip-NPCC Receive Upper Zakum Field Contract
Pump Designs Modified for Offshore Zakum Overhaul