Supplier Contracts
A mobile carbon-scrubbing construction will be tested in May at the Shell-Statoil carbon-dioxide project at Risavika, just outside Stavanger, it was learned Tuesday. 
PetroSun, Incorporated has executed an agreement with New Standard Exploration NL covering specific blocks within Exploration Permit 442 located in the Canning Basin of Western Australia. PetroSun and New Standard will form a joint venture to explore, develop and produce oil and/or natural gas from the EP 442 blocks. 
State-owned GAIL (India) Ltd plans to invest Rs 180 billion ($4.18 billion) over the next few years in five new pipeline projects and upgradation of the existing trunk lines to take the fuel from gas fields and import locations to consumers. 
Houston-based rotating-equipment maker Dresser-Rand will supply 30-megawatt turbo-power machinery for Statoil’s semi-sumbersible production platforms at the Gjoa field 50 kilometres off southeast Norway. 
BP in Norway will have Aker Kvaerner personnel and equipment provide well-intervention services at five fields across the Norwegian continental shelf, the supplier-contractor heralded Wednesday. 
Technip will install water-injection flowlines and risers at the Ursa and Princess field developments in the Gulf of Mexico, the Paris-based oilfield services outfit declared Wednesday. 
One-time Statoil suiter First Calgary Petroleums has taken a tiny $3.5 million loss for 2006, while announcing that it’s overwhelmingly successful Algerian campaign will feature $90 million in drilling in 2007. 
The Federal government should receive more than $1 billion in revenue following a successful Royalty-in-Kind (RIK) sale of natural gas, the Department of the Interior’s Minerals Management Service (MMS) announced today. 
Norwegian oilfield-demo outfit MPU Offshore Lift is among few front-runners in bidding that’ll produce an offshore decommissioning champion for ConocoPhillips’ takedown of the Norway sector Ekofisk complex. 
International Sovereign Energy Corp. reports that the formal Farm-In Agreements on the two previously announced blocks have been signed with Mari Gas Company of Pakistan, the second largest producer of gas in Pakistan. 
Beach Petroleum Limited and its joint venturer in the BMG project, Anzon Australia Limited, announces the signing of a 15 year Gas Sales Agreement (GSA) with Alinta Limited to supply gas from the offshore Gippsland fields to Tasmania for power generation. 
Chevron Corporation today announced the inauguration of the Bibiyana natural gas field, which is located onshore in Block 12 in the northeast of Bangladesh in Habiganj District.
GAIL-RIL sign MoU for Joint Co-operation Mar 19, 2007
GAIL (India) Limited and Reliance Industries Limited (RIL) have signed a Memorandum of Understanding (MoU) for cooperation in gas sector. The MoU was signed on 15th March 2007 by Mr. R K Goel, Director (Finance), GAIL and Mr. P M S Prasad, President and CEO, Petroleum, Reliance Industries Limited, in the presence of GAIL CMD, Dr. U D Choubey. 
The Norwegian Parliament has approved Statoil and partners’ NOK2.4-billion ($391 million) development plans for the Alve field, including the right to build a pipeline to the nearby Norne field in the Norwegian Sea. 
Norway-based oilfield services outfit AGR Group will oversee an unnamed rig in the North Sea for a year beginning this July, it was understood Friday. |
||||||||
|
