Production
Petrofac Brownfield is to work on new topside modifications for a North Sea installation. 
Heerema Marine Contractors (HMC) recently installed the Independence Hub Facility in the Gulf of Mexico, using its deepwater construction vessel (DCV) Balder. The hub was installed in 8,000 ft deep water and will supply US consumers with 1bn cubic feet of natural gas per day. 
ASL Marine Holdings Ltd. has continued its recent strong momentum in winning shipbuilding contracts by securing new contracts worth S$116 million for the construction of 6 AHTS. 
Norwegian oil production dropped by 900,000 standard cubic metres to 19.6 Scm in the year that ended when February 2007 did, according to new numbers from the Norwegian Petroleum Directorate. 
International Sovereign Energy Corp. has provisionally been awarded an oil and gas block (Injra) located in the prolific Potowar region of Pakistan. The block covers an area 1,465 Sq. Km and falls into two basins, Potowar basin and Kohat basin. 
Cameron has been awarded a contract worth approximately $127 million to supply subsea systems for Petrobras’ Gas Production Anticipation Plan (Plangas) efforts offshore Brazil. 
RBG Limited (“RBG”), the life-of-field integrated services contractor to the international oil, gas and petrochemicals industry, announces the award of 2 contracts for inspection services, with a combined value of over £6 million. 
Norsk Hydro has started production from the new well 31/4-A-16 B on the Brage field. The well was 5,643 meters long and was completed in the Statfjord reservoir, with initial production close to 13,000 boe/d of oil (1,650 boe/d net to Altinex). 
Petrobank Energy and Resources Ltd. announced a significant expansion to our southeast Saskatchewan land base highly prospective for Bakken light oil, recent Bakken drilling results, and an expansion of our Bakken light oil drilling plans for 2007 and beyond, summarized as follows: 
Ascent Resources plc, the European focused gas and oil exploration and production company, in conjunction with its 90% owned Hungarian joint venture, PetroHungaria Kft, announces an update on its Hungarian activities. 
Oilex Ltd, Operator for the Cambay Field Joint Venture, advised of progress on the re-entry and test programme for the Oligocene OS II reservoir in the Cambay-72 well, onshore Gujarat, India. 
TrueStar Petroleum Corporation has formed a joint venture with Petron Resources, LP (Petron), an independent, Texas based, oil and gas exploration company, to explore and develop the PSC 4-93 license area in Guatemala. 
Kazakh oil company BMB Munai has said that its daily production from one of a number of wells being drilled on the ADE Block and Kariman field averaged 2,337 barrels of oil per day. 
Origin Energy Limited has entered into a conditional agreement to sell its Networks business to the APA Group (APA) for $556.5 million. 
Crosstex Energy, L.P. announced the start-up of its $90 million pipeline expansion in northern Louisiana, which initially adds capacity of 200 million cubic feet of gas per day (MMcf/d) to Crosstex's existing Louisiana Intrastate Gas pipeline system (LIG), the state's largest intrastate pipeline network. |
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