New Developments
Investments in oil and gas activities in Norway in 2007 will reach NOK104.6 billion ($17 billion) on the strength of new field developments, upgrades and pipelines. 
BP has awarded Dutch module maker Heerema the NOK950 million ($155 million) prize of installing the main deck of a new platform at the oil company’s North Sea field, Valhall. 
Origin Energy Limited provides the following developments in its operated Greenfield exploration areas in Australia, New Zealand and Kenya. 
India and Australia have discussed the possibilities of further enhancing cooperation in the hydrocarbon sector.
J. Ray McDermott awarded North Belut contract Feb 26, 2007
McDermott International, Inc. announced that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was awarded a $125 million contract during the fourth quarter of 2006 for the fabrication, offshore hook-up and commissioning of the North Belut Central Processing Platform ("CPP") topsides and a connecting bridge from the CPP to the Wellhead Platform.
Global Industries awarded $100 million contract in the Middle East Feb 26, 2007
Global Industries, Ltd. announced that one of its subsidiaries has received a contract award worth approximately $100 million. 
The lifeboat and davit manufacturer Schat-Harding has completely re-engineered its range of on-load release hooks. The new hooks provide a safer solution and are less maintenance dependent than most of the hooks in use today. 
P.A. Resources has borrowed $100 million from bond holders in Norway and elsewhere sure of the company’s plans at the Didon, Zarat and Elyssa fields in Tunisia, it was learned Thursday.
Cooper go-ahead on Kurnia Feb 21, 2007
Australian-based oil and gas producer Cooper Energy Limited has further optimised its international exploration portfolio after today announcing that it has farmed out 15% of its 45% interest in the onshore South Madura Production Sharing Contract (PSC) in Indonesia’s East Java Basin. 
Maersk Oil Qatar has awarded Larsen & Toubro Limited (L&T), a contract valued in the order of a quarter of billion dollars for its Block 5 development in Qatar, consisting of two new offshore platform top-sides, a flare platform and interconnecting bridge. 
Rolls-Royce has further strengthened its position in South America as a supplier of designs and equipment packages for offshore vessels with contracts for six platform supply vessels (PSV) worth around £45 million, including the first offshore orders from Chile. 
Nexus Energy Limited (“Nexus”) advises that as at 9.30 AM (ACST) this morning, the Crux-2 well in permit AC/P23, in the Browse Basin has reached a total depth of 3,926 m RT. 
Italian oil company ENI has been granted the acreage needed to appraisal drill the Goliat field for area finds, it was understood Monday. 
Sulzer is currently considering the acquisition of selected pump lines of The Weir Group PLC, Glasgow, Scotland. These belong to Weir Pumps Ltd., a business unit within Weir Group’s Clear Liquid division. The pump lines generate annual sales of around CHF 170 million (GBP 70 million). 
Trican Well Service Ltd’s Russian subsidiary ("Newco") has been awarded a three-year strategic contract with Yuganskneftegaz, a subsidiary of Rosneft, for the provision of hydraulic fracturing services in the Priobskoye oilfield in the Khanty-Mansiisk region of Western Siberia |
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