Drilling & production

Qatar Petroleum signed the exploration and production sharing agreement with Shell and Petrochina for Qatar block D.

Toreador and Hess have created a joint venture to exploit vast reserves of shale oil in the Paris basin.

Cheniere has announced the closure of the sale of it’s stake in Freeport LNG to ZHA FLNG Purchaser.

LNG Ltd has completed the FEED work for the Fisherman’s Landing project and has obtained an EPC proposal for the project.

Fluor Corporation has been awarded an early works contract by Santos for the Gladstone LNG project, and is the preferred contractor for the full EPC contract.

Few would disagree that 2009 was a terrible year for the North American oil patch. But now, as 2010 unfolds, the sector is gearing up to go. Is this the beginning of a renaissance in the petroleum industry or a false rally?

Baker Hughes has installed enhanced run life electrical submersible pumping (ESP) systems in two vertical subsea boosting stations located on the seabed at Shell’s Perdido field in the Gulf of Mexico in 8000 ft of water.

Wärtsilä has signed a contract with the Brazilian industrial group QUIP to supply three main power modules for a new P-63 floating production storage and offloading (FPSO) vessel.

The Annual Energy Outlook presents a projection and analysis of US energy supply, demand, and prices through 2035.

BG Group today announced that it has entered into further joint venture arrangements with its US shale partner, EXCO Resources, Inc. This agreement adds to the alliance entered into over EXCO’s shale assets in East Texas and North Louisiana in June 2009.

Two methane explosions have occurred at the Raspadskaya coal mine in Siberia, trapping miners underground.

Iran’s Oil Minister has threatened to expel foreign companies who are delaying investment in the gas field over fears of sanctions and government instability.

Shares in Macarthur Coal have risen, in spite of the threatened resource tax currently being proposed by the Australian government, which has sent other coal companies shares tumbling.

After the Australian government’s announcement of a new super resource tax, Santos is delaying an investment decision on the Gladstone LNG project.

The Huisham farm, the largest cow manure derived biogas project in the world, is to begin production in September 2010.