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E&P major, Anadarko has entered into a sales and purchase agreement with Japan’s JERA and Taiwan’s CPC to supply 1.6 MTPA of LNG. Anadarko will deliver the requisite volume from its Mozambique Area 1 project, over a period of 17 years. The Mozambique Area 1 project is operated by Anadarko, where Mitsui E&P, ENH Rovuma Área Um, ONGC Videsh, Beas Rovuma Energy Mozambique, BPRL Ventures Mozambique and PTTEP are partners.
Awilco Drilling is a Westhill-based firm which has been awarded contract extension with Shell. The company has been rewarded decommissioning contract extension and now will also be covering the abandonment of five further wells. This contract is valid until Q1 2020. The initial contract for the WilPhoenix rig was for 18 wells and was expected to be worth £30 million.
Energy giant, Qatar Petroleum has informed that the company has awarded 8 drilling contracts for its North Field gas expansion project. The contract for two rigs has been awarded to Northern Offshore Drilling Operations and the remaining six has have been won by Gulf Drilling International (GDI). According to the company, the drilling will start from January 2020 before which the drilling rigs are expected to be mobilised and ready.
McDermott has successfully completed the INPEX-operated Ichthys LNG Project. The company has finally finished the last offshore campaign for the project. This campaign involved subsea tiebacks to new drill centres which were performed by McDermott's Lay Vessel 108. The senior VP of the company said, "Our outstanding record of accomplishment confirms our expertise and ability to execute one of the world's largest subsea contracts to date."
TechnipFMC has been awarded a contract whose worth is expected to be between $75m and $250m. It has been awarded this contract for the TOR II development in the North Sea where it is incharge of integrated engineering, procurement, construction and installation (iEPCI). The scope of work includes delivery and installation of a subsea production system including deployment of umbilical, rigid flowlines and ancillary subsea equipment.
BP has awarded contracts for the Greater Tortue Ahmeyim natural gas project to McDermott International and BHGE. Both the companies have received contracts for subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment. BHGE's VP said, "Together with McDermott, we will deliver the best-in-class solution to BP with cost-efficiency and industry-leading safety". The preliminary subsea infrastructure will connect the first four of 12 wells.
CNOOC has signed a production sharing contract (PSC) with Smart Oil, informed CNOOC Limited. The contract is for the Bohai 09/17 Block which covers 509.3 square kilometers. Under the scope of this agreement, Smart Oil will be the operator of the field during the exploration period. And when the development phase starts, CNOOC will have 51% of the participating interest in any commercial discoveries of the Bohai 09/17 Block.
Aberdeen-based decommissioning specialist, Well Safe has closed a deal to buy the Ocean Guardian semi-submersible drilling rig, its first decommissioning asset. The company has now become oil and gas industry’s top well-decommissioning specialist after this major breakthrough. The acquisition fee has been kept undisclosed but according to Well Safe, the company will spend more than £75 million on the vessel's modification.
Total has signed a Heads of Agreement (HoD) with the Ministry of Oil and Gas of the Sultanate of Oman. Under the scope of the agreement, Total will be granted the exploration license on Block 12 in Central Oman with. A definitive agreement in the coming months will give Total 100% working interest and operatorship of the exploration block with significant prospective gas resources.
Neptune Energy and TechnipFMC have entered into a subsea global Alliance Agreement which is initially for five years with the further option of extensions. The scope of the project includes the full project lifecycle through engineering, procurement, delivery of subsea production systems and installation of subsea equipment and infrastructure. The installation scope will be majorly in 2020 and the first oil is targeted for the fourth quarter of 2020.
Wood has won a contract in the United States for the construction of a natural gas pipeline. The contract is worth £26million. Under the work scope, the company will construct a 28-mile pipeline which will carry gas from Pennsylvania to Ohio. Wood’s CEO of Asset Solutions Americas said, "We’re delighted to be playing a key role in this strategic project".
Shell and PetroChina's joint venture Arrow Energy has won leases for a project worth $7.2 billion. The project aims at the development of Australia's biggest coal seam gas resource. In order to cut the project's cost, Arrow will use QCLNG's gas processing and pipeline infrastructure. According to the Queensland government, 14 leases have been granted to Arrow Energy for the Surat project.
Vryhof, a partner to Deep Sea Mooring (DSM), has signed a multi-year agreement with the leading offshore drilling company, Diamond Offshore. Under the scope of the agreement, mooring and related equipment will be provided by DSM to various Diamond rigs and will also assist in the development of Diamond’s industry leading Mooring Integrity Management System (MIMS) for offshore operations.
Canada-based Niko Resources has served an arbitration notice to its partners in India’s KG-D6 block, RIL and BP plc. According to an earnings statement from RIL, Niko Resources, which holds 10% stakes in the KG-D6 block, had defaulted on cash calls during the October-December quarter. As Niko failed to cure the default, a default notice was triggered and the Canadian oil and gas firm was asked to exit the block.
The state-firm of Venezuela has signed a deal with US’ Erepla in order to support its country’s declining crude oil output. Erepla is partly owned by Florida Republican and was registered in November last year. The US firm will invest up to $500 million for three Venezuelan oil fields in return of which it will be provided with a portion of crude produced.
Paz Oil, Israel's largest refined oil products distributor, has announced that it has extended its contract for two years with the Palestinian Authority. This contract extension is regarding the sales of petroleum products in the West Bank and Gaza Strip. Paz Oil will also provide maintenance and equipment under the agreement which will last till the end of year 2020.
National Petroleum Construction Co. (NPCC) of Abu Dhabi informed that the company has won a construction contract from Kuwait Oil Company. The contract is of $231 million. Under the scope of this contract, NPCC will have to build facilities in order to reduce crude salinity. These facilities will be built at the four oil gathering stations that are operated by Kuwait Oil.
EPC giant, TechnipFMC has concluded the construction of a new ammonia production unit, “Ammonia 4”, executed for Duslo, as part of the Agrofert group. The 1,600 tpd Ammonia 4 unit, which has an estimated operating life of 40 years, utilises Haldor Topsoe’s latest-generation technology. The plant successfully met performance criteria in July. The new unit is operating in the existing fertilizer complex located in Sal’a, in Slovak Republic.