February 2012
News & Resources

Companies in the news

Companies in the news

Vol. 233 No. 2





FMC Technologies announced that it has signed an agreement with Anadarko Petroleum to provide subsea systems and life-of-field services for its Lucius project. The Lucius field is located approximately 275 mi southeast of Galveston in Keathley Canyon Block 875, in water depths of approximately 7,100 ft. FMC’s scope of supply includes five subsea production trees and two manifolds.

Shell has signed two PSCs with Malaysia’s state company Petroliam National Bhd, for the world’s largest offshore EOR projects near Sarawak and Sabah. Project value is $12 billion. Associated work activities and new investments from partners will further develop nine oil fields and extend their lives beyond 2040 while increasing oil production.

Encana Oil & Gas closed the sale of the majority of its divestiture of North Texas natural gas producing properties to Houston’s EnerVest for $860 million. Encana also recently closed the sale of its interest in the Cabin gas plant in Canada’s Horn River basin to Enbridge for $215 million.

Clover Tool Company has recently relocated its world headquarters to a new 10,000-sq-ft facility in Fulshear, Texas. Clover represents a full line of specialized bolting and fastening systems for the oil and gas industry, and manufactures its own blowout preventer testing unit.

Drilling Technological Innovations (DTI) has been contracted to supply motion compensation packages for the first drillships to be built in China. DTI will supply fully-integrated drilling motion compensation systems for Opus Offshore’s Tiger 1 and Tiger 2 drillships, with an option for a second pair. The drillships are being constructed under a turnkey contract by Shanghai Shipyard.

Keppel Offshore & Marine has secured a contract from Diamond Offshore to construct and upgrade a moored semisubmersible rig with delivery scheduled for the third quarter of 2013. The estimated shipyard contract price is $150 million. The rig, to be named Ocean Onyx, will be constructed from an existing hull from a Diamond Offshore cold stacked unit, which previously operated as the Ocean Voyager.

Freudenberg Oil & Gas announced the opening of its 14,000-sq-ft Materials and Products Testing Facility in northwest Houston. Located in the Brittmore Industrial Park, the facility houses five specialty labs with comprehensive testing capabilities, and a sixth lab on the way. This facility will perform in-house verification testing and analysis for Freudenberg Oil & Gas sealing solutions, and for customized specifications upon request.

Greene’s Energy Group (GEG) has acquired the assets of Guardian Wellhead Services, Guardian Pipe & Rentals, and the legal entity of Guardian WP. Guardian and its affiliates offer casing and tree saver services, well testing and flowback services, oilfield rental equipment and other well intervention support. In addition, Guardian has a machine shop that manufactures custom equipment. The acquisition will establish two new GEG divisions and increase GEG’s presence to 35 U.S. locations.

UOP, a Honeywell company, has established a new business unit dedicated to natural gas processing solutions and hydrogen. The new Natural Gas and Hydrogen business unit will increase Honeywell UOP’s focus on developing technology, equipment and adsorbents, as well as the design and execution of projects for global natural gas and hydrogen customers.

TAM International announced the opening of the Latin American regional office in Bogota, Colombia, the first regional office the company has opened in South America. Francisco Suarez, Director of TAM Latin America, will manage the Bogota office, along with a regional team that includes both a technical and sales manager, and other key sales and service positions.

Rolls-Royce has won an order for gas turbine and compression equipment for the Tapis oil and gas field, offshore Malaysia. The equipment will be utilized by ExxonMobil Exploration and Production Malaysia (EMEPMI) to expand and extend field production. The order includes two Rolls-Royce RB211-GT61 gas turbines, each driving twin Rolls-Royce RCB and RBB multi-stage barrel gas compressors. Each gas turbine compressor set will produce 27 MW of power, enough to deliver up to 390 MMcfd of natural gas. Rolls-Royce will begin to deliver equipment to EMEPMI in the third quarter of 2012, supporting the operator in developing the long-term potential of Tapis field.

Multi-component seismic company Reservoir Exploration Technology ASA (RXT) has received a contract award from Statoil for an Ocean Bottom Seismic (OBC) survey for the Kvitebjørn field in Norway. The main objective is to improve structural interpretation and achieve better illumination of fault planes to improve fault interpretation. The survey duration is estimated to be a minimum 70 days, and the estimated contract value is $14 million. The survey is scheduled to commence in second-quarter 2012.

State-run Oil India Ltd. plans to buy shale gas assets worth up to $200 million and is scouting for potential acquisitions in the U.S. and Australia, as it seeks to gain expertise in the field ahead of India’s plans to auction shale blocks in the country. The South Asian nation expects to launch its auction of blocks by the end of 2013. Oil India joins other Indian companies—such as Reliance Industries Ltd. and GAIL (India) Ltd., which have already acquired acreage in the U.S.

Odfjell Drilling secured a pre-contract award with BP for provision of a newbuild, semisubmersible drilling unit for use in the UK’s West of Shetland region. The contract value is $1.2 billion, excluding options. The new unit will drill in Schiehallion and Loyal fields. It will form a key part of the Quad 204 re-development project.

Oman Drydock Company (ODC) recently received its first LNG carrier, the Muscat LNG, owned by Oman Shipping Corporation SAOC. As part of its middle-term service, Muscat LNG underwent maintenance at ODC during 11 days and was delivered within the estimated 12 days.After the successful repair at ODC, the ship loaded LNG at Qalhat Terminal and left for the Far East. With six ships under repair and four on the waiting list, ODC, which had a soft launch in April 2011, will have its commercial launch in February 2012.

Petrofac and Schlumberger announced that their Integrated Energy Services (IES) and Schlumberger Production Management (SPM) divisions have signed a cooperation agreement to establish a working relationship, to deliver integrated production projects in the production services and enhancement market.


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