Energy Business Review: Anadarko Hits OIL In Ghana, Siemens Gets CONTRACT In Texas

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PetroChina Company, Ltd. (NYSE:PTR) along with its partners Total S.A. (NYSE:TOT) and Petronas Calgari report that oil production of 100,000 barrels per day has begun at the giant Halfaya oil field located in southern Iraq.

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Royal Dutch Shell (RDS.A) is in discussions with Anadarko Petroleum Corporation (NYSE:APC) regarding a potential offer for the latter’s gas assets in Mozambique, according to Bloomberg. Shell initiated the talks for some or all of its 36.5 percent investment in the Rovuma-1 offshore gas fields, but Anadarko is reportedly hesitant to divest before further exploration results in the area are known. Separately, Anadarko is reporting a new discovery lying off the coast of Ghana in 1,926 ft. of water: The Wawa-1 exploration well hit 43 net feet of oil and 65 feet of gas condensate. Further, the firm says that the discovery “extends the presence of hydrocarbon-bearing formations more than six miles to the north of the Enyenra-3A well”.

Siemens A.G. (NYSE:SI) and its consortium partner Bechtel Group are awarded a $300 million contract to supply and service equipment for a natural-gas power installation in Texas. The station will have a capacity of 758 megawatts and should provide electricity to 750,000 homes when it comes on line in two years from now.

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