Drilling & production

Ng Weng Hoong examines how Australia is recovering from and capitalising on its recent difficulties.

The Indonesian Banyu Urip field in the Cepu block in East Java has achieved a major milestone with the award of the first of five EPC contracts for work on major facilities at the development, according to its operator ExxonMobil.

LUKOIL has awarded Baker Hughes a two-year contract to provide full drilling and completion services for 23 wells in the West Qurna field in southeast Iraq.

The Securities and Exchange Commission has sent a subpoena to Exco Resources demanding that they hand over documents which prove actual well production and reserve estimates.

Hunting PLC, the international energy services group, has agreed to acquire TSI Acquisition Holdings LLC and its subsidiaries including Titan Specialties, Ltd. for a total consideration of US$ 775 million (approx £475 million).

McDermott International, Inc. has been awarded a fabrication contract by Shell for the West Delta 143 “C” deck, jacket, piles, and bridge located in 370 ft of water in the Gulf of Mexico.

The American Public Gas Association comment on the Environmental Protection Agency’s propositions to amend the greenhouse gas reporting rule.

As Burma and China improve their resources development partnership, concerns have arisen over the impact such the joint ventures will have on conflict and stability in the region.

InterOil and Pacific LNG announced the signing of a Heads of Agreement (HOA) with Noble Clean Fuels Ltd. a wholly owned subsidiary of Noble Group Limited, for the supply of 1 million tpa of LNG from the Gulf LNG Project in Papua New Guinea.

ABB has won an order worth around US$ 1 billion from the Dutch-German transmission grid operator TenneT to supply a power link connecting offshore North Sea wind farms to the German mainland grid.

API CEO releases a statement in support of budget negotiators of the bipartisan debt ceiling bill, which passed through Congress on August 2nd.

Costain isto provide cryogenic expertise on FEED study for FLEX LNG’s fixed floating LNG production project for operations in Papua New Guinea.

Technip has officially launched its Offshore Wind business, the Aberdeen office will act as a ‘centre of engineering excellence’ and will support the UK and other European offshore wind projects.

Penn Virginia Corp. is to sell all of its Arkoma Basin properties, together with certain other Mid-Continent properties, to an undisclosed buyer for US$ 30.5 million in cash.

Multiphase simulation can improve performance of oil and gas separation equipment.