Drilling & production

Chart energy & Chemicals has won a contract worth US$ 40 million to supply heat exchangers to an LNG project in Eastern Australia.

Final gas content lab reports have been completed for the first coalbed methane (CBM) exploration test well at the Kutai West CBM production sharing contract block in East Kalimantan, Indonesia.

Japanese company acquires 32.5% royalty interest in natural gas production from Encana fee lands.

PetroChina has begun work on the Tai'an plant in Eastern Shangdong province. The plant is scheduled for completion in late 2013 and will have a liquefaction capacity of 600 00 tpy of LNG.

An engineer, formerly employed by BP, has been charged with two counts of obstruction of justice in relation to the alleged deletion of 200 text messages that had been requested by federal investigative authorities.

The price of Brent Crude remains above US$ 118 per bbl as investors await the results of a US Federal Reserve policy meeting, which could bring about another round of monetary easing.

COOEC has awarded Technip a pipeline installation contract for the Liwan 3-1 shallow water project, located in the Pearl River Mouth Basin, China Sea, 300 km South of Hong Kong, China.

Production at Nexen’s Buzzard field is to remain halted until at least Wednesday as an investigation continues at the North Sea platform.

Sources have revealed that Iran has had to deploy more than half of its tanker fleet to store surplus oil supplies offshore.

Various reports have revealed that a well based in the Russian Arctic suffered a major leak for 37 hours before being plugged.

Shell has announced that it has agreed to buy Cove Energy for US$ 1.8 billion in order to access a portion of Eastern Africa’s vast gas reserves. Despite the bid, hopes of a bidding war remain.

Spanish company Repsol has announced that it would consider taking legal action against investors in YPF in retaliation for the Argentinian government’s controversial expropriation of the company.

Reports reveal that Iran has had to shut down one of its oil terminals in the wake of a cyber attack upon the internal computer systems at the national oil ministry.

Egypt has terminated it’s gas supply contract with Israel, EMG has called the attempt unlawful and is seeking arbitration.

Total has begun production at the Greater Bongkot South field in the Gulf of Thailand, gas will be exported directly into PTT’s gas grid and the condensate will be taken off by an FSO at the Greater Bongkot North field.