Drilling & production

AGR has been awarded a three year frame agreement with Lundin Norway AS for drilling services on the Norwegian continental shelf, plus two one year options.

There are still ongoing security issues in Libya, which are likely to slow down attempts at getting oil production back up to pre-conflict levels.

“Despite a long-term decline in oil & gas production in the North Sea, its services and support industry has a bright future,” said John Westwood, Chairman of energy business advisors Douglas-Westwood, in Aberdeen this week.

Russia is preparing to cut-off Ukraine’s gas supply if it refuses to honour the terms agreed in 2009, Ukraine has already signalled that it believes the terms are bad for national interests.

Subsea 7 S.A. has been awarded a SURF contract valued at approximately US$ 60 million from Det norske oljeselsakp ASA, for tie-back of two satellite wells in the Jette field to the Jotun B platform.

The American Petroleum Institute has told Obama that American energy development is ‘critical’ solution to jobs problem.

Technip, in consortium with NPCC, has been awarded an EPC lump sum contract by ZADCO, worth a total of approximately US$ 500 million, for the Satah full field development project.

The US Department of Energy (DOE) has awarded US$ 38 million over three years for projects to accelerate the development of promising geothermal energy technologies and help diversify America's sources of clean, renewable energy.

RBG has secured a two year contract extension worth £30 million to provide Apache with fabric extension and deck crew services.

State-owned China National Petroleum Corp (CNPC) has won the rights to explore and produce oil in the Kashkari, Bazarkhami and Zamarudsay blocks of the Amu Darya basin in northwest Afghanistan.

Chiyoda has been awarded a maintenance contract by Qatargas covering maintenance of seven LNG production lines in Qatar.

Atlas Copco’s Gas and Process division has won an order to deliver equipment to a turnkey geothermal power plant in Turkey’s Aydin province. The order includes two turbo expander generator trains, which will be able to deliver a total 45 MW of clean energy when the plant goes into operation in the fourth quarter of 2012.

The EU has tightened oil sanctions on Syria after the government started a fresh wave of crack-downs on dissent in the country.

Gulf Keystone has proved the value of the giant Shaikan filed in Northern Iraq after conducting well appraisal tests at its Shaikan-2 well, drilling is also continuing apace at its Shaikan-4 well.

GE has acquired for Converteam, the two companies compliment each other should enhance GE’s existing capabilities as well as helping them break into fast growing regions such as Brazil and Russia where Converteam have already made significant in-roads.