WorldOil KCA Deutag lines up $110MM of land drilling projects across the Eastern hemisphere KCA Deutag has secured contracts worth around $110 million for its land drilling business in Pakistan, Russia, Kurdistan, south-eastern Europe and Germany. The new business is made up of a mix of contract wins, allowing the company to mobilize stacked rigs, and contract extensions. BP walks on three new Kazakhstan projects to focus on renewables Last year BP said it would restructure the company to focus on cleaner energy and shrink its hydrocarbon business by 40% over the coming decade. Since announcing its strategy shift, the major has sold a string of oil and gas assets while making big investments in offshore wind. Kazakhstan nets $1.3B from Shell, Eni in revenue-sharing settlement The deal unlocks plans to boost output from the Karachaganak field and funnels additional revenue to the Kazakh economy, which is heading for its first annual contraction in more than two decades amid oil’s slump. Sparrows lands five-year inspection contract in Kazakhstan Sparrows Group has secured a five-year contract with Tengizchevroil to deliver specialist lifting inspection services for the Tengiz field in Kazakhstan. Fluor awarded engineering services agreement by KPO in Kazakhstan “Our involvement in the early stages of the project means we can work with KPO across a range of work to optimize the Karachaganak field with a focus on achieving an outstanding safety performance and operational excellence,” said Mark Fields, group president of Fluor’s Energy and Chemicals business. Shell exits two Caspian Sea projects due to high costs The retreat from the fields in the Kashagan area reflects an industry-wide push to cut break-even costs as megaprojects give way to smaller endeavors with quicker returns. Kazakhstan seeks another $1 billion from Shell, Eni Royal Dutch Shell, Eni and their partners in the Karachaganak oil and gas venture may be required to pay an additional $1 billion to settle a dispute with Kazakhstan over revenue sharing, said people familiar with the matter. Total launches Phase 3 of Dunga field, onshore Kazakhstan Total and its partners have approved the launch of Phase 3 development of the onshore Dunga field in the Mangystau Region of western Kazakhstan. Caspian Sunrise takes third core sample from Airshagyl, Kazakhstan Caspian Sunrise has announced that work has commenced on a third core sample taken from Deep Well A8 on the Airshagyl structure at its flagship BNG Contract Area. Caspian Sunrise reports increased production in Kazakhstan Caspian Sunrise is pleased to update shareholders with developments at its flagship BNG Contract Area.