Oil & gas news

OAO NOVATEK has reported preliminary production data for the second quarter of 2012 showing that natural production is up 15.7% on last year.

Technip was awarded by Apache Energy Ltd a subsea installation contract worth approximately A$ 60 million (approximately €50 million) for the Balnaves oil field development, located in the Carnarvon Basin, offshore North Western Australia, at a water depth of approximately 135 m.

PanAtlantic has commenced a three well drilling programme in the Santos Basin.

AIPN publishes 2012 version of its unified Model LNG Master Sale and Purchase Agreement (MSPA).

Total has taken over from Petrobras as operator of the Xerelete concession in Brazil’s Campos Basin.

ExxonMobil has started production at the Kizomba Satellites Phase 1 project offshore Angola and expects to ultimately produce 100,00 bpd of oil.

Recently published data shows that power generation from natural gas-fired plants is virtually equal to generation from coal-fired plants, with each fuel providing 32% of total generation.

Golar LNG has been awarded the contract to supply Chile’s Gas Atacama with an LNG FSRU for a minimum 15 year charter.

The latest EIC Monitor quarterly report tracking new project announcements across the global energy industry shows an overall reduction in the number of projects announced during the second quarter of 2012.

WGP has completed the fifteenth Life of Field Seismic (LoFS) survey for BP over the Valhall field in the North Sea.