Oil & Gas UPDATE

January 2012

TABLE OF CONTENTS

 

INDUSTRY ANALYSIS

OVERVIEW

Oil and Gas Companies Predicted to Plan Record Capital Spending in 2012

Drilling and Marine Deck Equipment Industries Join to Develop Repair Services for the Offshore Drilling Rig Industry

NPCC Optimistic about 2012 Offshore Projects outside Gulf

Strong Demand for Ultra-deepwater Rigs, says Seadrill

THE ARCTIC

Statoil may Develop Floating Rig for Arctic Skrugard Oil

AMERICAS

U.S.

Alliance Pipeline Launches New Market Hub, Alliance Chicago Exchange

Congressional Hearing Sees Democrats, Republicans Clash over Keystone XL

Shell Looking for Next GTL Venture in U.S. after Assured Success of Pearl GTL Project

Dresser-Rand Agrees To Buy Parts Maker Synchrony for $50 Mln

Precision Drilling Ups 2012 Budget to Keep up with Higher Demand

Vogt Power Wins Siemen’s HRSGs Order for Utah Facility

Dresser-Rand to Expand Texas Turbine Technology Services Facility

DKRW Plans 2012 Construction Start for WY Coal Liquefaction Project and Enters CO2 Offtake Agreement

Bulldozer Causes Magellan Pipeline Rupture in Rural Nebraska

Black & Veatch Report Says Pipe Stubs Would Extend Alaska Pipeline Flow to Small Communities

Kinder Morgan to Build $130 Mln Texas Condensate Processing Facility

Superior Pipeline to Fabricate Natural Gas Cryogenic Processing Plant

Oil States Announces New Colorado Manufacturing Facility that will Benefit Canada and the U.S.

Perryville Gas Storage to Expand and Increase Gas Capacity at LA Crowville Project

Paradigm Oil and Gas to Acquire $8.5 Mln in Texas Oil interests

FMC Technologies Awarded $40 Mln Gulf of Mexico Subsea Systems Contract from LLOG Exploration Co

Spectra, AEP, Chesapeake to Link Texas Eastern to Ohio Gas Supplies

California’s PG&E $2.2 Bln Cost Estimate for Pipeline Repair could Rise

University of Kansas Gets $11.5 Mln U.S. DOE Award to Test CO2 Storage

PA Power Plant to Convert Generators from Coal-fired to Gas

Enterprise, Enbridge to Conduct Open Seasons for Seaway Pipeline Expansion

Nebraska Releases New Pipeline Map of Environmentally Sensitive Areas to TransCanada

Rex Energy Announces Receipt of PA Bluestone Plant Permit

Anadarko Sanctions $2 Bln Lucius Development in Deepwater GoM

CANADA

Encana Signs Deal to Sell Two Natural Gas Processing Plants in BC and Alberta

Petrolia Granted License to Drill Haldimand Oilfield Well in Quebec

Maersk Orders $200 Mln Replacement Support Vessels for Offshore Canada

MEXICO

Shell Contracts Two Gulf of Mexico Umbilical Projects with Subsea 7

BRAZIL

Petrobras to See 50% Boost in Oil Production with Need for Heavy Helicopters and more Offshore Rigs and Equipment

Canada’s Tuscany International Signs Drilling Contract with Petrobras

Rolls-Royce Receives $650 Mln Gas Turbine Deal from Petrobras

Subsea 7 Wins $200 Mln Petrobras Pact for Equipment

Singapore’s Cosco Wins FPSO Contract for Brazil’s Santos Basin

Seadrill, SapuraCrest Consider JV to Supply Pipelay Support Vessels for Petrobras

Urca Drilling Orders $809 Mln Semisubmersible Drilling Rig for Offshore Brazil

Wärtsilä Propulsion to Drive Petrobras Pipelayers

BRAZIL / VENEZUELA

Saipem Lands Two South American Offshore Engineering Pipelay Contracts worth $600 Mln

COLOMBIA

Deadly Gasoline Pipeline Explosion in Colombia

ASIA

AUSTRALIA

Coniston Subsea Development Offshore Western Australia Gets Investment Approval

Hess Awards $8.1 Mln Deepwater Equus FEED to Wood Group Kenny

CHINA

GE Oil & Gas Renews Gas Turbine Packaging Agreement with China’s CAGT

Linde to Build Hydrogen Plant for Northeast China Chemical Complex

INDONESIA

CNOOC Offloads Indonesian Offshore Stake to EMP International

MYANMAR

PTTEP Awards Two Contracts for Myanmar Offshore Gas Project

PHILIPPINES

Philippines Willing to Pay for $150 Mln Batangas-Manila Natural Gas Pipeline

SINGAPORE

Siemens Receives Hydrochem Order for Combined-cycle Power Plant in Singapore

EUROPE / AFRICA / MIDDLE EAST

GERMANY

Siemens Turbine Purchased for Nord Stream Gas Pipeline Project

NETHERLANDS

Saipem Contracts for Semisubmersible Scarabeo 6 Overhaul in Rotterdam

NORWAY

Norway’s NPD Reveals CO2 Subsea Storage Sites

Jacobs Receives Contract from Gassnova SF for CO2 Project

Statoil Awards Aker $66.4 Mln EPC Contract to Supply Svalin Project with Subsea Production Systems

Prosafe Awards $291.6 Mln Turnkey Contract to Jurong for Harsh-environment Semisubmersible

SPAIN

Air Liquide Selected for Pilot Carbon Capture Unit at Spain’s CIUDEN Plant

UNITED KINGDOM

GDF Suez Sells Ownership of North Sea Elgin-Franklin Stake to Total for $792.2 Mln

Wärtsilä to Purchase UK Based Hamworthy to Expand Offshore, Marine Gas Applications

EOC Subsidiary Signs Interim Agreement for North Sea Perth Field FPSO Project

Subsea 7 Signs $185 Mln Elf Exploration SURF Contract

ANGOLA

FMC Secures BP Subsea Equipment Contract for Offshore Angola

Presalt Brazil-like Blocks Offshore Angola to be Tested

BP Awards Offshore Angola Assignments to Oceaneering, FMC

COTE D’IVOIRE

Rialto Energy Gets Approval for Cote d’Ivoire Project

EQUATORIAL GUINEA

Hess Contracts Seadrill Tender Rig for Equatorial Guinea

NIGERIA

Shell, Eni Buy Huge Nigeria Offshore Oil Block

Nigeria $130 Bln Investment Plan for Refineries, Petchem Plant and Pipelines

SENEGAL

African Petroleum Awarded Two Exploration Permits Offshore Senegal

WEST AFRICA

Hyundai Heavy Wins $900 Mln Contract for Two Gas Platforms Offshore West Africa

RUSSIA

Siemens Forms Siemens Gas Turbine Technologies New JV in Russia

Capstone Turbine Signs MOU to Supply Associated Gas to Energy Projects in Russia

AZERBAIJAN / TURKEY

Azerbaijan, Turkey Form Consortium for $5 Bln Pipeline

UZBEKISTAN

Technip Awarded Gas-To-Liquids Contract for Uzbekistan Plant

IRAN

Iran Says Lavan Island will Become Petrochem Hub as $6 Bln Deal is Signed

OMAN

Al Hassan Engineering Wins EPC Contract for Oman’s Zauliyah Gas Project

QATAR

Qatar Petroleum & Centrica Sign MoU for Oil and Gas Investment Opportunities

Qatar Petroleum & Shell Sign HOA in Qatar for World-scale Petrochemicals Complex

SYRIA

Total Suspends Operation in Syria In Accordance with EU Sanctions

Suncor Energy Announces Withdrawal from Syria

WORLDWIDE

FMC Signs Global Alliance Agreement with Anadarko Petroleum for Subsea Development Projects