Drilling & production

Daewoo Shipbuilding & Marine Engineering Co. has won a US$ 280 million deal to build a floating storage and regasification vessel. The vessel will be delivered in 2014.

KBR has been awarded a contract by Hyundai Heavy Industries Co. Ltd. to perform engineering design and procurement support services for the BP Quad 204 Floating Production Storage and Offload (FPSO) project, to be located west of Shetland Isles in UK waters.

Several State Agencies and WellDog announced today that they have located $11.7 million worth of gas in the Pawnee coal of the Leiter field, which was abandoned and had been slated for plugging by the Wyoming Oil and Gas Conservation Commission.

Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation, has initiated a process to divest of its North Texas natural gas producing assets in the Fort Worth Basin located in the Barnett Shale play.

TWMA has been awarded a contract by Maersk Oil to handle and dispose of subsea structures and equipment damaged during the Gryphon FPSO storm incident earlier this year.

How can companies protect their workers in the event of the collapse of governance and civil authority in the countries where it operates?

It could take 9 months to a year for oil production to be fully restored according to the rebel government of Libya, but all existing contracts will be honoured.

Pivotal LNG, a subsidiary of AGL Resources Inc., has signed an agreement with Encana Natural Gas Inc., to supply LNG that Encana plans to offer to service providers operating fleet trucks in the Haynesville area of Louisiana.

Woodside Petroleum has been awarded AU 1.5 million in compensation by a Federal Court over an illegal strike at its Pluto LNG site back in December 2009, which was actively encouraged by the Construction Forestry Mining and Energy Union (CFMEU).

Shell announced yesterday that Shell divers had successfully closed the relief valve from which oil had been seeping on Friday August 19th. The company also defended its safety record, which has come under attack since the incident.

South Africa’s cabinet has voted to extend the moratorium on shale gas ’fracking’ for another six months until further studies can be conducted.

Oil prices have fallen sharply after news came out that rebel forces were close to victory in Tripoli, the capital of Libya. The rebels reached the city yesterday and have reportedly taken control of four fifths of the capital.

Petrofac has been declared the selected bidder on two integrated services contracts by PEMEX. The contracts cover the development of the Magallanes and Santuario blocks in Tabasco State, central Mexico.

The Ultra-deepwater drilling ship Pacific Mistral, owned by Pacific drilling S.A., has been contracted to Petrobras for three years for drilling operations offshore Brazil.

Massive opportunities for growth in the renewables market with revenues that will almost double by 2017 hitting US$ 2 billion.