Gas
Wintershall and Gazprom subsidiary WINGAS will build a $4 billion pipeline by 2015 to link up to Nord Stream, the pipeline being built under the Baltic Sea to help the Russian gas giant meet German demand. 
Swedish company Tethys Oil has struck a deal with Morocco’s oil company ONHYM, Dana Petroleum and Eastern Petroleum to secure acreage featuring a gas find. 
Hydro Technology Ventures has formed a joint venture company with Input-Output, Inc. and Reservoir Innovation to develop, pilot test, and commercialize a full-wave seismic system for the permanent monitoring of offshore reservoirs. 
Norwegian oil company Statoil and drilling contractor Odfjell have agreed to develop new sub-sea technology together much like the energy company has with other large supplier contractors. 
The European Union has approved a joint-venture of Wärtsilä and Hyundai Heavy Idustries formed to build dual-drive engines for carriers of liquefied natural gas, or LNG. 
Oil consumption in developed western countries fell by 400,000 barrels per day in 2006, “the biggest decline in more than 20 years” according super-major oil company BP’s Statistical Review of World Energy. 
A Stavanger-based oilfield services company boasting a drilling machine that bores into sub-soil like a mole, free of a derrick, listed on the energy-focused Oslo Stock Exchange’s start-cap Axess this week. 
Norwegian oil company Hydro has presented three design proposals for the development of Gazprom’s 3-trillion-cubic-metre gas field Shtokman in the Russian Barents Sea, judging from illustrations OilGas24.com saw Tuesday. 
Norwegian mini-operator Pertra has permission from Norwegian regulators to drill well 15/12-18 into the Storskrymten and Grytkollen prospects near the Glitne field in the Norway-sector of the North Sea. 
Managers of Indian oil company ONGC have approved the reconstruction of Platform NQO at the offshore Mumbai North field, it was understood Monday. 
The Transocean Winner semi-submersible drill rig in the North Sea has found “some oil and gas” for Hydro and partners at the H-Nord prospect near the producing Fram field. 
U.S. investor heavyweight the California State Teachers’ Retirement System has asked soon-to-be-merged Norwegian oil companies Statoil and Hydro to consider getting out of Iran. 
ABB in Norway has won a NOK430-million ($72-million) contract to electrify Statoil’s Gjoa platform by sub-sea cable from gas-fired power plant at Mongstad, it was announced late Friday. 
Aibel Pty Ltd. has won the farreaching job of managing the floating production, storage and offloading vesssel Front Puffin FPSO off northwest Australia. 
Houston-based U.K. explorer Endeavour International declared Friday that the large hydrocarbon section it drilled into recently at the Balgowni prospect were not of high-enough quality to produce. |
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