Drilling & production

Rowan sells land based drilling operation to Canada’s Ensign in order to focus on core business.

Gazprom has signed a memorandum to supply the Indian Oil Corporation Limited with 2.5 million tonnes of LNG a year for up to 25 years.

The company follows the current trend of reducing exposure to refining with the aim of concentrating on upstream projects.

The latest EIC Monitor tracking new active and future projects across the global energy industry shows a mixed bag of results this quarter with power leading the way while other sectors are slightly down.

Joy Global Inc. and International Mining Machinery Holdings Ltd (IMM) have jointly announced that TJCC Holdings Ltd (TJCC) and Joy have entered into a share purchase agreement, in which TJCC has conditionally agreed to sell 534.8 million shares of IMM to Joy.

Offshore energy confirms speakers.

BHP Billiton has bought Petrohawk for approximately US$ 12.1 billion. The transaction would provide BHP Billiton with operated positions in the three world class resource plays of the Eagle Ford and Haynesville shales, and the Permian Basin.

The UK government released its White Paper on Electricity Market Reform this week, setting forward its proposals to secure and decarbonise the UK’s electricity market. Jonathan Rowland, editor of World Coal, highlights some of the questions it raises.

Sea Trucks Group has been awarded a contract by Hyundai Heavy Industries to provide an offshore construction/ accommodation vessel for Total in Nigeria.

A joint venture between CB& I and Kentz Corporation Limited have been awarded a contract for the mechanical, electrical and instrumentation work on the Gorgon Project on Barrow Island, Western Australia.

BP, Shell and other co-venturers have reached an agreement to progress a major re-development of the Schiehallion and Loyal oil fields to the west of the Shetland Islands.

Chesapeake Energy Corporation has announced investment plans to create a natural gas fuelled highway system across America and effectively reduce American dependence on OPEC whilst boosting the economy.

Offshore Energy’s Committee of Recommendations has convened international developments in the offshore industry and how these developments could be addressed within the conference programme.

CB&I has been awarded a contract, valued in excess of US$ 300 million, for a new natural gas processing plant in the Northeastern U.S.

Wood Group has been granted a multi-million dollar, three-year contract by Chevron U.S.A. Inc. to commission the Big Foot extended tension leg platform in the Gulf of Mexico.