Oil & Gas UPDATE
July 2011
TABLE OF CONTENTS
INDUSTRY ANALYSIS OVERVIEW I.E.A. Says World Will Increasingly Turn to Americas for Oil SES, Midas Form Coal Gasification JV Oceaneering Launches UFlex – A Joint Industry Project to Gauge the Predictive Performance of Umbilicals AMERICAS NORTH AMERICA Oxford Catalysts to Participate in GTL Engineering Study U.S. Sable NGL to Acquire, Operate $185 Mln Bakken Plant, Pipeline EPA’s First Carbon Rules Costing Little but Gaining Little LyondellBasell to Buy Olefins Pipeline System from Equistar NPRA Urges Further Keystone XL Progress CenterPoint Launches Open Season for Thunder Pipeline Capacity State Report Suggests Link between Sewer Work and PG&E San Bruno Blast "most likely" DCP, WTLPG Reach Sandhills Pipeline Gathering Deal California Regulators Order Tests for Aging Gas Lines Penn Virginia Acquires "Antelope Hills" for $11.44 Mln to Expand Texas Panhandle Assets Southern Alabama Company Power Plant CCS Project Begins Ops PAA to Build New Midstream Infrastructure to Support W Texas, Bone Spring Oil Production in West Texas Shell Announces Multi-billion Dollar Investment to Develop Cardamom Discovery in the Gulf of Mexico ExxonMobil Announces Three Discoveries in Deepwater Gulf of Mexico Energy Transfer, Regency Plan 530-mile NGL Texas Pipeline Petrobras Cascade Development to Start Producing In Late 2011 U.S. House Panel Votes to Require TransCanada Pipeline Decision by November 1 Koch Pipeline Receives Final OK for Eagle Ford Pipeline El Paso, Spectra Hold Open Season for Marcellus Ethane Pipeline System (MEPS) Sunoco Logistics to Buy NJ Tank Farm, MA Terminal Alliance Pipeline to Build Natural Gas Lateral in North Dakota Hornbeck Offshore Official Comments on Drilling for the Future CANADA Foster Wheeler Wins Sasol Contract to Study Canada GTL Project Shell Secures $865 Mln Funding for Canadian Quest CCS Project Shell Gets Green Light for Landmark CCS Project BRAZIL GE Unit Gets $200 Mln Petrobras Contract GE Provides Shell with $30 Mln Subsea Equipment Agreement GE Oil & Gas Awarded $120 Mln Subsea Service Contract to Maintain Petrobras’ Campos Basin, Offshore Brazil Fleet OSX Brazil Targets Petrobras Rig Orders after Construction License Win PERU Wood Group Receives $11 Mln Empresa Contract to Supply Parts to Peru Power Plant Gas Turbines VENEZUELA Venezuela PDVSA Signs $1.5 Bln Loan from Japan’s Mitsubishi and Itochu Corp ASIA AUSTRALIA Clough Wins Construction Award at Australia STREICHER-Clough JV Macedon Project FMC Technologies to Supply Subsea Systems for Shell's Prelude Project CHINA Yanchang Petroleum, KBR to Form China VCC Technology JV Converteam with PetroChina to Supply Drive Compressors for China’s WEPP Project INDIA Kabul Transit Fee Rider Has Serious Implications for TAPI Gas Pipeline Siemens Receives $100.1 Mln Order for Key Components for India Gujarat Gas-fired Power Plant INDONESIA Bredero Shaw Wins Indonesia $60 Mln Pipe Coating Services Contract Indonesia’s Pertamina to Build More Oil Storage Tanks to Help Hedge against Price Fluctuations MALAYSIA Petronas Carigali Awards Subsea 7, Engineering Program for the Kumang Project Offshore Malaysia GE to Supply Three Frame 6FA Gas Turbines for Malaysia Power Project MONGOLIA Bechtel Wins Planning Contract for Mongolia Industrial Hub PHILIPPINES Foreign Companies Interested in Philippines Natural Gas Projects EUROPE / AFRICA / MIDDLE EAST DENMARK Dong Energy Awards Subsea 7 with $220 Mln Call-off Contract to Repair Siri Platform in the Danish North Sea NETHERLANDS Go Ahead for Huge New Dutch Bergermeer Gas Storage Project MAN Diesel to Bring Motor-Compressor Systems to The Netherlands Subsea 7 Awards Dutch Pre-commissioning Contracts to EnerMech NORWAY Statoil Awards $116.7 Mln Subsea Compression Contract to Aker Solutions for Asgard Platforms in the North Sea Aker Solutions Buys Majority Stake in Benestad and Phaze Technologies ROMANIA AGRI Pipeline Project Participants to Fund 1.2 to 4.5 Bln Euros Feasibility Study UNITED KINGDOM Endeavour Energy Awards Technip Contract for UK North Sea Development AFRICA Colfax Corp Responds to Pipeline Challenge from French Oil Company Maurel et Prom EGYPT / EUROPE / RUSSIA Burullus Gas Assigns $1 Bln Egypt Deepwater Installations to Saipem FDS ANGOLA Hallin Marine Wins Subsea Pipeline Repair Contract Offshore Angola ETHIOPIA Southern Sudan Plans Oil Pipeline through Ethiopia GHANA Hess Discovers Deepwater Condensate off Ghana SOUTH AFRICA Italy’s Eni Signs Exploration and Development MOU with PetroSA UKRAINE / POLAND Brody-Plotsk Pipeline Enviro Assessment Slated for Fall 2012 Completion AZERBAIJAN SOCAR Says Design, Survey for Azerbaijan Processing Complex May Take 2 Years and Cost $12-13 Bln ANAS Geology Institute Says Seismic Activity Threatens Azerbaijan's Infrastructure IRAQ Kuwait Energy Signs 20-Year Two Contracts with Iraq Iraq Signs $365 Mln Gas Pipeline Deal With Iran KUWAIT MIS Kuwait Signs New $2.5 Mln Contracts with Weatherford Drilling SAUDI ARABIA Hitachi to Supply Compressors and After-Services for Oil and Gas Plants in Saudi Arabia ITT Signs Corporate Procurement Agreement with Saudi Aramco