Woodside Petroleum and its partners have approved a $2billion natural gas project off Australia's northwest coast which is looking to develop more than 1.6trillion cubic feet of raw gas. The decision signals the second phase of the Greater Western Flank project, which will mark the fourth major gas development in seven years in the venture, operated by Woodside.
Oil and gas explorer Sterling Resources wants to sell off its remaining stake in the North Sea Cladhan field and a chunk of its Romanian exploration acreage.
Oil giant BP will spend £1.7billion on North Sea projects in 2012, the most in a decade, it said yesterday.
AKER Solutions has won the basic development engineering for Total's Hild oil and gas project in the Norwegian sector of the North Sea. The contract is worth some $37million.
SUBSEA 7 has secured contracts worth $520million from Chevron, covering work on the Gorgon gas project, offshore Western Australia.
GE Oil and Gas in Aberdeen is to benefit from a "significant share" in a £733million contract the company has been awarded by Chevron to supply power-generation and subsea equipment to the giant Greater Gorgon gas project off the west coast of Australia.
NORWEGIAN group DOF Subsea has been contracted by EnCana to provide specialist subsea services from its multipurpose support vessel, the Skandi Bergen, on the Deep Panuke gas project offshore Nova Scotia. The company said its contract was estimated to be worth about $6.3million.