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 IndustryNPCC 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
NETHERLANDSSaipem 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