Oil & gas news

Gasum Oy is exploring the feasability of building a large LNG import terminal in order to diversify the nation’s source of supply.

Spectrum, in partnership with the National Petroleum Corporation of Namibia (NAMCOR), has commenced a new project in the Luderitz basin following the successful completion of an extended 2D Multi-Client seismic survey covering the deep water Orange Basin, offshore Namibia.

Fluor Corp. is to perform the FEED contract for a new LNG regasification terminal, which will be located in the town of Lahad Datu, Sabah, and will be built by Petronas Gas Berhad.

There significant risks for companies operating in the Middle East including terrorism, road accidents and civil unrest but by investing in local communities and employing local nationals companies can partially insulate themselves from such risks.

Sembcorp Marine has won a US$ 568 million contract to build a ultra-deep semi-submersible rig for North Atlantic Drilling Ltd.

Production has been stopped at Yemen LNG’s Balhaf LNG terminal after a pipeline linking the Block 18 gas field and the terminal was sabotaged.

Aker Solutions has been awarded a contract by Enerserv W.L.L to deliver 600 sets of surface wellheads and trees to the Awali Oilfield in Bahrain.

Total claims to have identified the source of the Elgin gas leak, however there is still no timetable for plugging the leak.

Petrobras has awarded FMC Technologies a contract worth US$ 1.5 billion for the supply of pre-salt subsea trees.

Exoma Energy Ltd, an Australian oil and gas exploration company, has announced plans for an extensive drilling exploration campaign in 2012 that will target, among others, coalbed methane (CBM).