Gas
Statoil on Monday turned-on the sub-sea installations at its 193-billion-cubic-metre Snoehvit gas field off Hammerfest in the Arctic, a first in Norway for facilities remotely controlled from land. 
Norway-based oilfield services outfit AGR Group has penned a deal with to provide GE NOK150 million ($25 million) worth of its pipeline inspection tools. 
BP could lose hold of the 2-trillion-cubic-metre Kovytka gas field in Siberia this week, as regulators examine evidence brought by license-monitoring agencies that subsidiary TNK-BP has never attained agreed production rates. 
Despite project permit delays worldwide, Marathon Oil and partners are on-stream six months ahead of schedule with cargoes from a first train of liquefied natural gas, or LNG, from Bioko Island, Equatorial Guinea.
Experts: Central, East Europe power markets set to grow May 24, 2007
Central and Eastern European markets for steam and gas turbines are set to grow as high prices plateau and European Union funds for cleaner-burning energy are made available, consuntants Frost and Sulliven are expected to tell suppliers later this month. 
Canadian outfit Falcon Oil & Gas has found oil in its search for Hungarian gas when its No. 1 Magyarcsanad well in a 362-metre section of a rock formation called Endrod. 
Pakistan’s largest oil and gas producer, the Oil & Gas Development Co., or OGDCL, has struck gas in the Lower Goru formation of its Thora East Mining Lease. 
U.K. independent Venture Production has said the Amanda well in the central North Sea flowed during a test at 2 million standard cubic feet per day, yet is “not economic on a stand alone basis.” 
Norwegian Oil and Energy Minister Odd Roger Eknoksen has said Russia continues to ask about gas-supply cooperation between producing countries, just as imports of offshore oilfield equipment are set to receive a boost. 
Statoil has sent a NOK500-million ($82.3-million) letter of intent to Swedish company ABB Power Technologies asking for the assembly and installation of a power cable from the North Sea’s Gjøa field. 
Irish independent Petrel Resources has tied its fortunes in Syria to a production-sharing agreement for the East Safawi block, where Jordanian authorities intend to spend $2.5 billion. 
U.K. independent Melrose Resources has gas and water in the Black Sea offshore Bulgaria, where oil province potential is seen where the Danube River has long emptied. 
Talisman Energy has awarded Aker Kvaerner a service contract to provide personnel and equipment for well intervention services on the Norwegian continental shelf — including the Gyda, Varg, Yme and Rev fields — a job worth NOK60 million ($10 million). 
Aussie outfit Roc Oil has found “good gas indications” in sandstone bored through by the Perseverence 1 well off Western Australia, it was learned Monday.
Pantheon, Petro Hunt back into old salt domes May 21, 2007
U.K. E&P outfit Pantheon Resources has bought its way onto acreage on the fringe of the U.S. Gulf of Mexico by farming into Petro Hunt’s Iberville Parish venture in Louisiana. |
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