Drilling & production

OAO NOVATEK has reported preliminary production data for the second quarter of 2012 showing that natural production is up 15.7% on last year.

Technip was awarded by Apache Energy Ltd a subsea installation contract worth approximately A$ 60 million (approximately €50 million) for the Balnaves oil field development, located in the Carnarvon Basin, offshore North Western Australia, at a water depth of approximately 135 m.

PanAtlantic has commenced a three well drilling programme in the Santos Basin.

AIPN publishes 2012 version of its unified Model LNG Master Sale and Purchase Agreement (MSPA).

Total has taken over from Petrobras as operator of the Xerelete concession in Brazil’s Campos Basin.

ExxonMobil has started production at the Kizomba Satellites Phase 1 project offshore Angola and expects to ultimately produce 100,00 bpd of oil.

Recently published data shows that power generation from natural gas-fired plants is virtually equal to generation from coal-fired plants, with each fuel providing 32% of total generation.

Golar LNG has been awarded the contract to supply Chile’s Gas Atacama with an LNG FSRU for a minimum 15 year charter.

The latest EIC Monitor quarterly report tracking new project announcements across the global energy industry shows an overall reduction in the number of projects announced during the second quarter of 2012.

EQT Corp has announced plans to convert drilling rigs to run on LNG rather than diesel in order to make oil and gas exploration more green.

Bids for the carbon capture and storage commercialisation competition closes today.

Rosneft and GE have signed a deal to jointly evaluate and develop oil and gas exploration and production opportunities in Russia.

ConocoPhillips has officially sanctioned the development of the second train at its Australia Pacific LNG facility after Kansai Electric signed a new supply deal.

Australia Pacific LNG have signed a 20 year LNG supply deal with Kansai Electric, the agreement shows the strength of demand for LNG in the Asian market and shows the potential for Australian LNG market to grow.

June 2012: In order to successfully drive through change initiatives, companies need to focus on breaking down potential barriers to change.