Oil & Gas Journal News

The government of Nova Scotia has let a contract to Petrofac for a development study on a prospective offshore oil reservoir lying 3,000 m beneath the seabed in 2,000 m of water. The project will be led by Petrofac’s subsea engineering business K W Subsea.

Shell Offshore Co. has requested a 5-year extension of its federal offshore leases in the Beaufort and Chukchi seas offshore Alaska. “The request reflects the extent of the actual delays we have experienced as a result of court decisions and agency actions for the last several years,” a Shell spokesman in Alaska told OGJ.

Tengizchevroil (TCO), a joint venture of Chevron Corp., ExxonMobil Corp., KazMunayGas, and LukArco, has let an engineering, procurement, and construction contract to Bechtel to build four crude-oil storage tanks at the TengizChevroil oil production facility in Tengiz, Kazakhstan. Bechtel also will modernize the fire and gas detection systems across the entire crude tank farm.

PGNiG Upstream International, the Norway-focused subsidiary of Polish Oil & Gas Co., has agreed to acquire 8% interest in Gina Krog field, 24.243% in Vilje field, 24.243% in Vale field, and 6% in Morvin field on the Norwegian continental shelf from Total E&P Norge AS, a wholly owned subsidiary of Total SA, for $317 million. The deal is effective Jan. 1, 2014.

Eni SPA has discovered natural gas in its first well on the East Sepinggan Block offshore East Kalimantan, Indonesia, 35 km from where it is developing Jangkrik gas field.

DNO ASA, Oslo, has appointed Jeroen Regtien as chief operating officer based in Dubai, effective Jan. 1, 2015.

Perpetual Energy Inc., Calgary, reported it will sell several heavy oil properties it considers to be noncore in eastern Alberta for $21.6 million. A deposit of $3.24 million has been paid to Perpetual, and closing is expected on or before Nov. 7.

Crude oil prices for December delivery edged down a penny on the New York market Oct. 27 while analysts and traders await US economic indicators as well as the weekly government petroleum inventory report.

Spain’s Repsol reported an ultradeepwater oil discovery on Keathley Canyon Block 642 in the Gulf of Mexico.

The Bangladesh subsidiary of Chevron Corp. has started natural gas production from the Bibiyana expansion project in the northeastern part of the country.

Power Engineering News

Mitsubishi Hitachi Power Systems, Ltd. (MHPS) will supply two sets of steam turbine and generator for Units 3 and 4 of the Limay coal-fired power plant in the Philippines.

The utilities say they can't accommodate the flood of newcomers to the green energy business, throwing in doubt the future of Japan's up-to-now aggressive strategy on renewable energy. Another challenge is that supplies of power from sources such as solar are not reliable enough or easily stored.

The Guam Power Authority is planning to build a $589 million power generator from scratch.

Westinghouse Electric Co. was awarded a contract to provide a passive hydrogen control system for two units at the Zaporizhia Nuclear Power Plant in Ukraine.

With the merger of Hitachi and Mitsubishi Heavy Industries’ power generation business in the Americas, Mitsubishi Hitachi Power Systems Americas, Inc. (MHPSA) has announced that its headquarters will be located in Lake Mary, Florida.

ST. LOUIS (AP) - A leading U.S. coal company is adding roughly 100 million more tons of reserves and other resources to its southern Illinois portfolio, broadening its operations months after decrying federal regulation of the industry.

Sweden nuclear power plant operators may have to shut down older reactors earlier than planned after a new government coalition proposed increasing taxes on nuclear power capacity by 17 percent from 2015.

GE (NYSE: GE) announces a manufacturing machine designed to produce gas turbine parts using Laser MicroJet technology.

Siemens’ fleet of H-class gas turbines reached a cumulative 100,000 equivalent operating hours (EOH) in late September.