Exploration

Fugro OSAE GmbH has been awarded a €2.3 million hydrographic survey contract by the Norwegian Hydrographic Service (NHS).

Nexans has been awarded a contract by Chevron U.S.A. Inc. to design, manufacture and supply a total of 138,000 ft (42km) of power umbilicals and terminations for the Jack and St. Malo fields in the Deepwater Gulf of Mexico.

Protesters are said to have scaled a drilling rig at Cuadrilla resource’s Bank site to protest at the shale gas exploration in the area.

Gérard Mestrallet, Chairman and CEO of GDF SUEZ signed two agreements with China Investment Corporation (CIC) and China National Offshore Oil Corporation (CNOOC) illustrating the development strategy of GDF SUEZ in China and in the Asia-Pacific region.

OAO Gazprom, and of BASF SE have signed a framework agreement which sets out the terms for the planned asset swap to further expand the successful cooperation.

BP’s chief executive Bob Dudley ahs declared that BP has reached a turning point and is now profitable after the last disastrous year that it has been through following the Macondo oil spill.

Kongsberg Oil & Gas Technologies (KOGT) has signed an agreement to supply a flexible risers and umbilicals installation system for the ‘Capstan Reel Installation System’ (CRIS), to the Offshore Installation Group (OIG).

Spectrum selects the Paradigm Echos suite for seismic processing and imaging across its global operations.

Multi-Client seismic specialists, Spectrum, have released details of over 10,000 km of 2D Multi-Client seismic data located over the Dreki/Jan Mayen Ridge (JMR) area offshore the north-eastern coast of Iceland.

Saipem has been awarded new E&C Offshore contracts worth US$ 1.5 billion.

Ophir Energy Plc has offered US$186.3 million to acquire Dominion Petroleum. The acquisitions will reinforce Ophir’s position in its East Africa play where it has already made three consecutive deepwater discoveries.

Latin America will account for half of the projected floating production Capex over the next five years according to a new Douglas-Westwood report.

The latest EIC Monitor tracking new active and future projects across the global energy industry shows growth in potential investment value across all sectors this quarter.

The organisation which represents America’s oil and gas companies has cautioned the president’s job council not to overlook potentially a million new oil and natural gas jobs, which could be created by energy development.

The BP Deepwater Horizon spill, pipeline leaks, population growth, urbanization, increasing demand, and opposition to the siting of new pipelines have combined to focus greater attention on pipeline safety. However, America is still heavily reliant on oil and there needs to be a compromise between pipeline security and the security of supply. By: Jude Clemente, JTC Energy Research Associates.