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Gazprom and BASF address joint Hydrocarbon Production Projects in Russia

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Kurt Bock, Chairman of the Board of Executive Directors of BASF, took place at the Gazprom headquarters. The parties discussed the joint efforts in the ongoing development of hydrocarbon fields in Russia. It was noted that the total amount of natural gas produced from the Yuzhno-Russkoye field since the start of field development had exceeded 215 billion cubic meters.

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Japan to diversify LNG Imports

According to recent reports, America is on track to become one of the biggest exporters of LNG, joining the ranks of Australia and Qatar in LNG shipping. Figures show that United States has approximately 70 million tons a year of LNG capacity coming online, in comparison to Australia’s 87 million and Qatar’s 82 million tons of LNG.

Japan, one of the biggest importers of LNG, recently imported its first liquefied shale gas cargo from the United States earlier this year. Sources state that Japanese Prime Minister Shinzo Abe is considering increasing energy imports from the United States, meaning that Japan can start to lessen its dependence on the Middle East for its LNG requirements. 

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DMT contracted for 3D seismic Survey in Landau

 

The technology service provider DMT has been awarded a contract for a high-resolution 3D vibro-seismic survey to determine the geological structure of the subsoil in the Upper Rhine Plain. The seismic project will deploy approximately 7,000 wireless geophones and cover a total of around 58 km² in the Landau region (Rhineland-Palatinate).

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President of Colombia opens the Regasification Terminal of Cartagena de Indias

With a capacity of 400 million cubic feet of liquefied gas per day the president of Colombia, Juan Manuel Santos, inaugurated the first regasification terminal in Cartagena de Indias, executed by Sacyr Industrial, along with the president of Sacyr, Manuel Manrique; the chief executive officer of Sacyr Industrial, Pedro Sigüenza; and other political and business authorities. With an investment of $150 million, this terminal will help boost Colombian competitiveness and the development of the Caribbean coastal region.

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Akastor and Mitsui create Joint Venture

Akastor ASA (OSE: AKA), an oil service investment company, announced that it has signed a Heads of Agreement with MITSUI & CO., LTD, a leading Japanese trading and investment company, and its Japanese partner, to create a joint venture with 50/50 ownership between AKOFS Offshore AS and Mitsui. The joint venture will acquire both the Skandi Santos hull from DOF Subsea Rederi AS and the Skandi Santos topside from AKOFS. The joint venture will subsequently enter into a lease agreement with AKOFS corresponding to the remaining contract duration between AKOFS and Petrobras.

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GEA: Gas Jet Compressor Systems to increase the Rate of Yield of Natural Gas Fields

GEA designed, manufactured and delivered a gas jet compressor system for an offshore platform in the North Sea consisting of a jet pump (ejector) with a total length of about 4.5 m and silencers to reduce the sound pressure level. At a new drilled well natural gas is available with a pressure of up to 600 bar. The gas pressure decreases in the course of exploitation of the gas field. At a defined gas pressure, the gas delivery rate is so low that the mechanical compressor is no longer economical.

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OneSubsea Awarded Subsea Production Systems Contract for the Zohr Development, Offshore Egypt

  • FasTrac program for strategic gas development in Mediterranean region

OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction contract totaling more than $170 million from Belayim Petroleum Company (Petrobel). OneSubsea will supply the subsea production systems for the first stage of the Zohr gas field, located in the Shorouk Concession, offshore Egypt.

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Aker Solutions Wins Order for Umbilicals at Egypt's Zohr Offshore Gas Field

The agreement with Petrobel in Egypt is worth more than NOK 1 billion and will be booked in the second quarter. It stipulates the delivery of 180 kilometers of steel tube umbilicals that will connect the Zohr subsea development to an offshore control platform. Petrobel, a joint venture between The Egyptian General Petroleum Corporation (EGPC) and Eni, is responsible for the development and operations at Zohr.

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