NEWS RELEASE NOVEMBER 2013
More Than $10 Billion Committed Each Week for Oil, Gas and Refining Projects
A number of very large oil, gas and refining projects are initiated each week. East Asia, North America and many regions of the world are benefiting from these very large investments. This is the conclusion reached by the McIlvaine Company in Oil, Gas, Shale and Refining Markets and Projects. (www.mcilvainecompany.com)
Projects are tracked on a daily basis. Here are just some of the projects in a ten day period:
Some of the larger projects awarded in late October 2013:
East Timor Offers New Bid of $800 Mln for Onshore Gas Processing
Cumulative $800 million
FMC Awarded $340 Mln Contract for Ghana's TEN Project
Cumulative $1,140 million
Petrobras Awards $260 Mln Umbilicals, Flex Pipe Contract for Presalt Development Offshore Brazil
Cumulative $1,400 million
Jacobs Receives $200 Mln Contract from BP in Scotland
Cumulative $1,600 million
GE Signs $2.7 Bln in Gas Power Contracts in Algeria
Cumulative $4,300 million
Sembcorp Marine to Build $346 Mln Semi-Submersible Rig
Cumulative $4,646 million
Rolls-Royce Wins $175 Mln Contract to Power Kazakhstan-China Pipeline
Cumulative $4,821 million
BP Awards UK Companies over £1Bln in Contracts for Key West of Shetland Project
Cumulative $5,821 million
FMC Wins $650 Mln Contract with Petrobras for 16 Subsea Manifolds
Cumulative $6,471 million
FMC Technologies Receives $90 Mln Subsea Order for Statoil's Gullfaks Rimfaksdalen Project (Order Dated: 10/15/2013)
Cumulative $6,561 million
Gazprom Awards Petrofac $95M Second Contract in Iraq (Contract Dated: 10/14/2013)
Cumulative $6,656 million
L&T Wins $250 Mln EPC Contract from PDO Oman (Contract Dated: 10/14/2013)
Cumulative $6,906 million
There are relatively few conventional on shore projects. Non-conventional on shore deposits such as in shale will account for a large portion of the future U.S. production. Substantial investment is continuing in tar sands. A number of large LNG plants are also underway. Several gas-to-liquids plants received recent funding.
For more information on Oil, Gas, Shale and Refining Markets and Projects, click on: http://home.mcilvainecompany.com/index.php/markets/28-energy/471-n049
