Drilling & production

BP has agreed on a sale of its gas assets in the UK North Sea to Perenco in a deal worth US$ 400 million.

The chairman and CEO of Peabody Energy, Gregory H. Boyce, announced on Monday that the global supercycle for coal was ‘alive and well’ with strong market trends related to rising electricity generation and steel demand in China and India, along with constrained global coal supplies.

Total E&P has evacuated all 238 personnel from its Elgin PUQ offshore platform in the central Graben area after a subsea gas leak was detected.

Irish company Providence Resources has announced that daily oil flow rates from the Barryroe well have significantly exceeded targets.

Eni has announced a new discovery of 10 trillion ft3 of natural gas offshore Mozambique.

BP has drilled its first deepwater probe well at the North Uist field off the Shetland Isles.

Ebara International Corp. has been awarded the contract to supply the main LPG and LNG submersible cryogenic pumps and liquid expanders for the Ichthys LNG project in Australia.

UK Energy Minister Charles Hendry has given SuperMajor BP consent to drill the deepwater North Uist well, northwest of the Shetland Islands.

The Government of India has been criticised for losing billions of dollars from the exchequer by selling coalfields too cheaply. A draft report of the Comptroller & Auditor General (CAG) has accused the Government of distributing 155 coalfields to private and state-owned miners rather than auctioning them off, undervaluing the coal resources by an estimated Rs 10.7 trillion (US$ 210 billion).

Woodside Petroleum’s Pluto LNG liquefaction plant has reached ready for start up status (RFSU) and first gas has entered the plant today.

Statoil has awarded Aker Solutions the FEED contract to design the world’s largest Spar oil platform for the Aasta Hansteen field development in the Norwegian Sea.

The American Petroleum Institute have announced a campaign on gasoline prices.

The American Petroleum Institute has said that more domestic oil and natural gas is needed for jobs and revenue.

As part of a new contract running until April, SGS is scheduled to provide commissioning services for the construction of compression modules in Brazil.

March 2011: When any company starts down the improvement path, they set goals for what they hope to achieve. Stated in the simplest terms, these goals represent “What You Want” from a change initiative.