International

French oil group Total SA is paying $2.3 billion to help develop U.S. shale gas reserves in Ohio through a deal with Chesapeake Energy Corp. Total will take a 25%t stake in a joint venture covering the Utica Shale area of eastern Ohio.

China Petrochemical Corp. (Sinopec) has made a multibillion-dollar deal with Devon Energy Corp. for a one-third stake in five U.S. shale oil and gas fields.

A Malaysian company representing Germany's Europipe GmbH is working on a deal to build a much-needed gas pipeline from a massive oil and gas field off the waters of Timor Leste to its mainland.

CRC-Evans Pipeline International, Inc. announced a new strategic agreement between its offshore division and Technip Norway.

The death of North Korean leader Kim Jong-Il is raising questions about the future of the proposed Inter-Korean Gas Pipeline to run between Russia's Far East region via North Korea to South Korea. Kim led negotiations on the project, meeting with Russian President Dmitry Medvedev in last August.

Turkey granted Gazprom permission for construction of the South Stream gas pipeline in its territorial waters. Construction should begin within the next 12 months.

Ukrainian gas production has the potential to more than triple to 70 billion cubic meters per annum (Bcma) by 2035 but would require gas sector investment to increase tenfold to some $10 billion per year, according to a new IHS CERA special report.

In an effort to secure its strategically important oil pipelines from acts of terrorism, India’s Parliament has voted to enact the death penalty for such crimes.

CRC-Evans Pipeline International, Inc. announced a new strategic agreement between its Offshore division and Technip Norway.

ShawCor Ltd.’s pipecoating division, Bredero Shaw, has received a contract with a value in excess of US$45 million from Hyundai Heavy Industries to provide corrosion protection and concrete weight coating for the Barzan pipeline project in the Qatari sector of the Arabian Gulf.

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