Drilling & production

AF Group wins maintenance and modification contract for Hammerfest LNG.

Repsol is likely to cancel all remaining LNG shipments to Argentina after the nationalisation of YPF.

The EIC predicts that Iraq should see huge levels of investment over the next five years as the security situation improves.

GDF Suez has signed an agreement with Sempra which will allow it access to 4 million toy of liquefaction capacity at Cameron LNG from 2016.

Continental Coal Limited has announced that through its South African subsidiary Mashala Resources (Pty) Limited, it has entered into agreements that will allow the Company to extend the operating mine life at the Ferreira Coal Mine and its production of high quality thermal coal through the acquisition and development of the adjacent and adjoining Prospecting Right.

Gladstone LNG, the coal seam gas to LNG project led by Santos, has signed an agreement with Origin Energy to supply feed gas for liquefaction into LNG.

Woodside has accepted an offer from Japan Australia LNG (MIMI Browse) Pty Ltd. to purchase a 14.7% interest in Browse LNG for US$ 2 billion.

GE Oil & Gas has been awarded a contract worth US$ 80 million to supply subsea and production equipment to ATP Oil & Gas’ Cheviot Field in the North Sea.

Woodside Petroleum has begun production from its Pluto LNG project in Western Australia and will load its first cargo of LNG today.

Wood Group Mustang has been awarded the topsides detailed engineering and procurement support for the semi-submersible production facility, which will operate in the offshore field.

Iraq’s Deputy Prime Minister, Hussain Shahristani, has addressed outside pressure to resolve the ongoing dispute between Baghdad and Kurdistan over a block on oil deliveries, by stating that it was an “internal matter.”

Several European oil and gas companies have reported a favourable start to 2012, citing higher oil prices and the recovery of production from Libyan oilfields.

It has been announced that Argentina’s senate has approved the bill put forward for the expropriation of YPF, the bill will now move to Congress to be voted on next week. The expropriation of YPF has been popular amongst Argentinians.

Enagás is to purchase BG Group’s 40% stake in the Quintero LNG regas terminal in Chile.

Yemen LNG has stated that a 38 in. pipeline feeding its Balhaf terminal has been sabotage again.