International

Statoil has proposed building a subsea pipeline twice as large as needed to take gas from Norway’s giant new Johan Sverdrup oil and gas field to accommodate future finds that could be tied into the new line, gas system operator Gassco said.

Rigs at risk from drifting icebergs can expect an early warning following research by the Memorial University of Newfoundland. The Autonomous Ocean Systems Laboratory (AOSL) at the university is part of a long-term study modeling the behavior of icebergs that includes acquiring real-world data that will increase the accuracy of predicting the rate and direction of their drift.

The Middle East will be a key market for oilfield services companies for decades to come as countries across the region seek to maximize recovery from maturing assets and bring new fields into production, reports energy specialist corporate advisory firm Simmons & Company International Ltd.

New incentives offered as part of Pakistan’s latest policies for petroleum resource production seem to be proving an attractive prospect for potential investors. However, an equally effective shale gas policy appears more unlikely, according to research and consulting firm GlobalData.

OPEC will stand by its decision not to cut output even if oil prices fall as low as $40 a barrel and will wait at least three months before considering an emergency meeting, said the United Arab Emirates’ energy minister on Dec. 15, according to Bloomberg.

SOFIA, Bulgaria (AP) — U.S. Secretary of State John Kerry urged Bulgaria on Thursday to wean itself from its near-total dependence on Russia for energy and calling for the NATO member to boost anti-corruption efforts.

ShawCor’s Bredero Shaw pipe-coating division has received a second contract of $200 million from BP Exploration (Shah Deniz) Limited for the Shah Deniz Stage 2 development project. The contract is scheduled to be executed at the Caspian Pipe Coatings (CPC) plant in Baku.

Excelerate Energy has executed an agreement with the Government of Equatorial Guinea and Ophir Energy plc for a floating liquefaction storage and offloading vessel (FLSO). The Fortuna FLNG will be located at Block R, Equatorial Guinea which is owned 80% by Ophir and 20% by the national oil company of Equatorial Guinea, GEPetrol.

Statoil is waiting final testing before preparing for the installation and hook-up in the North Sea of the world’s first subsea wet gas compressor station to the Gullfaks C platform next year. The compressor station consists of two 5-MW wet gas compressors that will be installed in a subsea template at 135-meter depth. They will be tied in to existing templates and pipelines 15 km from the Gullfaks C platform.

Air Products has signed an agreement to supply its proprietary LNG process technology and equipment to Technip for a mid-scale LNG project in Fengzhen City, Inner Mongolia Province, China.

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