Drilling & production - 12 January 2012

Nigeria’s largest oil union has threatened to completely cut off production in response to the scrapping of a fuel subsidy.

After a visit by US Treasury Secretary, Timothy Geithner, Japan has vowed to make 'concrete' steps towards ending its reliance upon imported Iranian oil.

Technip was awarded by Nexen Petroleum U.K. Limited a lump sum contract, worth approximately €135 million, for the Golden Eagle development located 110 km North-east of Aberdeen in 115 m of water. This contract is the largest ever awarded to Technip for a project in the UK Continental Shelf.

Scientists in London argue that fracking is unlikely to cause an earthquake greater than 3.3 on the Richter scale.

Mitsubishi Heavy Industries Compressor Corporation (MCO has received orders for three compressor trains and a power generation system to be used at Shell’s FLNG facility to the Prelude field located off the northwest coast of Australia.