Oil & gas news

BP Iraq NV (BP) has awarded Petrofac and its joint venture partner, China Petroleum Engineering & Construction Corporation (CPECC), an inspection, maintenance and repair contract worth US$ 90 million for the Rumaila oil field in Southern Iraq.

The Australian Government has granted environmental approval to the Ichthys Project paving the way for a final investment decision in the fourth quarter of 2011.

Fluor Corporation has finalised a major services agreement with Woodside Energy Limited to provide engineering, procurement and construction management (EPCM) services for Woodside’s operating assets.

Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, has announced that it has drilled a well which is now flowing at commercially viable rates.

Endeavour Energy UK Ltd, a subsidiary of Endeavour International Corporation, awarded Technip an EPCI lump sum contract, worth around €70 million, for the East Rochelle development in the United Kingdom North Sea. The field is located approximately 185 km north-east of Aberdeen, Scotland in 140 m of water.

FMC Technologies, Inc. announced today that it has signed an agreement with Shell Development (Australia) Pty. Ltd. to supply subsea production and associated topside systems for the Prelude field development.

3Legs resources has announced that it has encountered high concentrations of gas along the entire 1000m length of the Lebien LE-2H horizontal well which was drilled to a total measured depth of 4080 m in same location as its earlier Lebien LE-1 vertical test well.

Seamwell International will sign a US$ 1.5 billion deal with China for an electric power plant using synthesis gas extracted from gasifying coal deposits via underground coal gasification (UCG).

A bright future is forecast for the LNG industry, as long-term gas demand drives major investment in global LNG facilities.

Chris Holmes, Purvin & Gertz, describes the impact of the Great East Japan earthquake on the LNG supply to Europe.