Fuel for thought July 20 2011

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Weekly Newsletter - 20 July 2011 FUEL FOR THOUGHT Pemex says contracts getting easier Villahermosa, Mexico -- Despite a reputation for 'cumbersome' contract processes, recent oil & gas sector reforms have created a more favorable investment climate at Mexican state oil company Petróleos Mexicanos, a Pemex official said Tuesday, 19 July 2011. Lucius field on the move Partners in the Anadarko-operated Lucius discovery in the deepwater Gulf of Mexico have unitized their interests, and ExxonMobil will be able to produce its recent Hadrian discoveries through the development. ConocoPhillips board OKs split Directors at supermajor ConocoPhillips have approved a plan to separate the company's E&P and refining & marketing businesses into two separate, publicly traded corporations. SBM Offshore snags Prelude work Subsea 7 won an $80 million contract from Chevron to supply umbilicals for the Gorgon project offshore Western Australia. Eni, PDVSA move on Orinoco project PDVSA and Eni have agreed to work for an early production phase of 75,000b/d from the Junín 5 heavy oil block in Venezuela. CoP: 1500 bbl spilled in Bohai Bay ConocoPhillips said 1500 barrels of oil and oil-based drilling fluids are believed to have spilled from two June incidents in the Penglai 19-3 field in the Bohai Bay offshore China. Drilling decline on UKCS 2Q 2011 drilling activity in the North Sea reached a nine-year low, finding a 52% decline in activity on the UK Continental Shelf compared to 2Q 2010, according to a Deloitte report. Lula Nordeste project gathers steam SBM sealed a 20-year deal for the FPSO Cidade de Paraty for Lula Nordeste offshore Brazil. ISO develops spill standards plan National Oilwell Varco has acquired Singapore-based STSA Pte Ltd in an all-cash transaction. Sembcorp secures S$600 contract Sembcorp Marine subsidiary SMOE won a S$600 million contract from PTTEP International to provide an integrated processing and living quarters platform. ISO develops spill standards plan National Oilwell Varco has acquired Singapore-based STSA Pte Ltd in an all-cash transaction. CB&I wins Gorgon contrac CB&I won a US$2.3billion contract for mechanical, electrical and instrumentation work for the Chevron-operated Gorgon project offshore Western Australia. JV to extend Schiehallion life Partners in the Schiehallion JV agreed to invest ?3 billion to redevelop the BP-operated field to prolong production until 2035. Reduced CAP reporting time Bureau Veritas has reduced the reporting time for the Condition Assessment Program (CAP) report from three months to one month. NOV buys STSA National Oilwell Varco has acquired Singapore-based STSA Pte Ltd in an all-cash transaction. Energize your career! The OilOnline Energy Career Center is committed to providing you with the best online employment experience within the world of energy. Latest Job Postings: Sales Representative Selling of electronic (internet) job board solutions to HR managers within the energy and renewable sector... Senior Subsea Mechanical Engineer Develop and design products and derivatives for similar or extended applications in the APP-Controls portfolio... Senior Designer (Mechanical) Determine feasibility of designing new equipment or modifying existing equipment, considering costs, time limitations, company planning and other technical and economic factors ... Offshore Engineer EVENTS Deepwater Intervention Forum "The Next Steps, the New Reality" 16-18 August 2011 - Galveston, Texas www.deepwaterintervention.com With just four weeks to go before the Deepwater Intervention Forum, the final program is taking shape. Expro will offer sea trial data for AX-S. Major operators will discuss vertical vs. horizontal subsea trees. Special regulatory session with critical API 17G updates. Apache Deepwater Key Note and Pat Campbell, Wild Well Control will delve deep into the importance of intervention systems. Chevron is hosting a subsea well intervention workshop. Come to Galveston to learn, network, share and participate with deepwater intervention experts. Read more Emerging FPSO Forum 20-22 September 2011 - Galveston, Texas www.emergingfpso.com The new Emerging FPSO Forum, Sept 20-22, Galveston is now accepting delegate registrations. With industry leaders from around the globe participating for the first time in the US, seating is limited. The purpose of the event is to openly discuss the economics of FPSO vessels in the Gulf of Mexico. Experts from many of the world's leaders in the FPSO field will offer their experiences, new technologies and case histories to an informed, engaged and actively participating expert audience. Don't miss this opportunity to share, learn, participate and network right in your backyard. Galveston is the right place, and the right time for important FPSO discussions now. No Press, No Problem... Read more Drilling & Completing Trouble Zones - "Challenging Problems, Collaborative Solutions" 25-27 October 2011- Galveston, Texas www.drillingtroublezones.com The choice is yours. Business or pleasure? Take part in the Drilling & Completing Trouble Zones Forum to develop your business plan for 2012. Network with the leading experts in D&C. Critical updates for new technologies, regulatory session, case histories, drilling focused presentations, executive key notes, and much more. Why go to a party when you can learn, share, network and participate in a relaxing business environment with experts on all aspects of well construction. Read more Online Registration is now Open. Online Registration is now Open. Online Registration is now Open. DIRECTORIES 2011 Gulf Coast Oil Directory -Only $80.00 The 2011 Gulf Coast Oil Directory, commonly known as the "bible" to the oilpatch, is your companion to the petroleum industry in the Gulf Coast region. Through various research techniques, this directory is the most complete, up-to-date, and most accurate directory available of companies in this region . . . 2010/11 Houston/Texas Oil Directory -Only $80.00 The 2010/11 Houston/Texas Oil Directory is your definitive guide to the petroleum industry for the states of Texas and Oklahoma. An up-to-date contact resource of all companies involved in the "Texlahoma" oilpatch. Listings include over 8,000 companies, over 25,000 personnel with titles, and almost 15,000 email addresses.

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