DNV has recently established the Greater China Offshore Committee. Mr Zhou Shouwei, Vice General Manager of CNOOC and Academician of the Chinese Academy of Engineering, accepted DNV’s invitation to be the Chairman of the committee.
Statoil has tested the world’s first rotary steerable liner while drilling system, which was jointly developed by Statoil and Baker Hughes Inc.
InterOil Corp. has announced that drill stem test (DST) 2 at the Antelope-2 well in Papua New Guinea showed a 15% increase in condensate to gas ratio (CGR) in comparison to DST 1.
The global carbon market saw 82 billion t of CO2 equivalent exchange hands in 2009, and increase of 68% on the previous year. Despite this, however, the value of the global carbon market remained virtually unchanged on 2008 figures due to low carbon prices.
The south east coast of England will see a large expansion of offshore wind energy development as the go-ahead has been granted for companies to progress renewable energy sites.
Bucyrus International Inc. has announced an agreement to buy the mining equipment business of Terex Corp. for US$ 1.3 billion in cash. The acquisition will create a premier supplier of mining equipment with an addressable market of US$ 30 billion and about 10,000 employees in 100 locations around the world.
Woodside Petroleum Ltd. has signed an agreement to supply Osaka Gas with LNG, they are also in discussions with other potential customers in the region.
Trinidad Drilling Ltd has agreed to resume the construction of six new contracted drilling rigs that were delayed earlier in 2009 due to weak industry conditions.
Cold weather has boosted prices for LNG, drawing extra tankers to the US.
The annual wintertime dispute over Russian payable pipeline tariffs rears its head again; the Russia-Belarus crisis ends after an oil cut-off lasting several days.
BP Norge has awarded Aker Solutions an engineering, procurement, construction and installation (EPCI) contract for a tieback from Oselvar to the Ula platform in the North Sea. Aker Solutions estimates the contract value to be approximately NOK 450 million.
US energy secretary, has announced the selection of three new projects to accelerate the development of advanced coal technologies with CCS at commercial-scale.
Doosan Babcock had announced it will undertake a major carbon capture project with Basin Electric Power Cooperative. The project will commence in January.
JFE Steel Corp. will acquire a 20% stake in the Byerwen coal project from QCoal Pty Ltd. JFE has also agreed an off-take contract that will supply JFE with 2 million tpa or premium hard coking coal from Byerwen.
Lukoil and Statoil secured the winning bid on the gigantic West Qurna 2 field in Iraq.