Drilling & production

Five bombs are reported to have exploded at an oilfield in Northern Iraq on Saturday; two pipelines were damaged but the country’s oil exports have not been affected.

Employees at Baker Hughes’ Norwegian unit have gone on strike, hindering drilling and maintenance, but not production.

Shareholders in Chesapeake Energy Corp have shown their displeasure with the way the company has been run, by refusing to back the re-election of two board members.

The Islamic Republic of Iran has come under intense financial pressure as sanctions on oil exports imposed by the EU and Washington have begun to cut into the Iranian economy.

Alpha Natural Resources are shutting down four mines idling two coal preparation plants as demand for coal has fallen drastically over the last few years.

The Oklahoma based company continues to fight towards meeting a funding shortfall of approximately US$ 10 billion.

Shell has signed an Mou with TravelCenters of America to sell LNG as fuel for HGVs through its network of fuel stops.

Statoil has signed a deal to supply 1 billion m3 of LNg over 3.5 years to Petronas in Malaysia.

A report by APPEA has concluded that even thought here is still uncertainty in the industry, the potential rewards to Australia if the gas industry continues to grow are enormous.

A new IEA energy report has predicted that natural gas use will see huge growth over the coming years buoyed up by demand in China and Asia, even though European demand is likely to decrease.

GE Oil & Gas has won the contract to supply turbocompression technology for the Petronas LNG Train 9 project.

The Technip-Daewoo Consortium (TDC), has been awarded the services contract for engineering, procurement, construction, installation and commissioning for an FLNG facility with a 1.2 million tpy capacity by Petronas Floating LNG 1 (Labuan) Ltd.

DNV are conducting a risk study for Gasnor and Brunsbuttel port who are considering building LNG bunkering facilities.

Reliance Power, Kakinda seaports and Shell have formed a joint venture to build an LNG terminal on India’s east coast.

The second day of the fourth Iraqi licensing round has been met with a lukewarm response as only two more blocks have been awarded. The winners of the two new blocks are a group led by Lukoil and Pakistan Petroleum.