Fire kills three on Abkatun A platform in Bay of Campeche

Three workers were killed after a fire struck the compression unit of the Abkatun A platform in the Bay of Campeche over the weekend, Petroleos Mexicanos (Pemex) said on Feb. 7. Source: News

IHS: Cuts of 50% needed to align N. American E&P capex spending, cash flow

Significant cuts to capital and exploration spending plans will be needed for North American exploration and production companies to demonstrate real financial discipline and realign spending more closely with cash flow, IHS Energy reported. Source: News

ONGC seeks gas price review for KG fields

State-owned Oil & Natural Gas Corp. of India has warned the Indian petroleum ministry that natural gas prices allowed by the government won’t support development of its fields in the offshore Krishna-Godavari basin. Source: News

Saudi Aramco lets contract for Jazan refining complex

Saudi Aramco, through a contractor, has let a contract to Bertin Technologies SA, Montigny-le-Bretonneux, France, a subsidiary of CNIM Group, Paris, to provide gas-leak detection technology to the 400,000-b/d Jazan refinery project now under construction in the southwest of Saudi Arabia, along the Red Sea. Source: News