Search results for: Kufpec

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  • 11 March 2015

    Premier said that gas production from the Pelikan field in the Natuna Sea Block A offshore Indonesia commenced on 9 March. This follows first gas from the Naga field, also on Natuna Sea Block A, in November 2014. Both projects were brought on-stream to budget. Pelikan and Naga will deliver additional reserves into the Singapore […]

  • 6 October 2014

    Chevro’s unit in Canada has reached an agreement to sell a 30 percent interest in its Duvernay shale play to KUFPEC Canada for $1.5 billion.  The Duvernay is located in west-central Alberta, and is believed to be among the most promising shale opportunities in North America. The agreement creates a partnership for appraisal and development […]

  • 19 December 2012

    BP announced that it has agreed the sale of its 34.3 per cent interest in the Yacheng gas field in the South China Sea to Kuwait Foreign Petroleum Exploration Company (KUFPEC) for $308 million cash. Subject to regulatory, CNOOC and third party approvals, BP expects the deal to close in the second half of 2013. […]

  • 4 December 2015

    The Norwegian Petroleum Directorate (NPD) has revealed a list of companies that applied for acreage offshore Norway, as part of the 23rd licensing round in the country. The deadline for applications for production licenses expired on Wednesday, December 2. Twenty-six companies applied for acreage situated mostly in Barents Sea. For comparison, a total of 36 […]

  • 27 January 2014

    BP Expects to Award Tangguh 3rd LNG Train Contract by Quarter-End BP plans to award a $5 billion frontend engineering and design (FEED) contract for a third liquefaction train for the Tangguh project in Indonesia by the end of this quarter, Jakarta Globe quoted William Lin, the regional president for BP’s Asia-Pacific operation, as saying. […]

  • 17 April 2012
    Project & Tenders

    Chevron Corporation today said that its Australian subsidiaries have signed a non-binding Heads of Agreement (HOA) with Chubu Electric Power Company Incorporated (Chubu) for the delivery of liquefied natural gas (LNG) from the Chevron-operated Wheatstone natural gas project in Australia. Under the agreement, Chevron, together with Apache Energy and KUFPEC, is expected to deliver 1 […]

  • 11 March 2015

    Premier said that gas production from the Pelikan field in the Natuna Sea Block A offshore Indonesia commenced on 9 March. This follows first gas from the Naga field, also on Natuna Sea Block A, in November 2014. Both projects were brought on-stream to budget. Pelikan and Naga will deliver additional reserves into the Singapore […]

  • 31 January 2018
    Business & Finance

    Oil giant Shell has decided to sell its interest in the Bongkot field offshore Thailand to the state-owned oil company PTTEP for $750 million. 

  • 8 December 2013

    Hess Corporation on Friday completed the previously announced sale of its Natuna A asset, located off the coast of Indonesia, to PT Pertamina and PTT Exploration and Production Company Limited for a total after-tax consideration of $650 million. The Natuna Sea A Project is a gas field located in the West Natuna Sea, near the […]

  • 30 August 2013

    BAM Clough has taken delivery of the new built jack-up “IB-914” and transport barge “IB-924” from COSCO Shipyard in China, earlier this month. Both units, designed by Gusto MSC, departed China in mid August on their  maiden voyage. This is the third Gusto MSC SEA-1250 jack-up built and it is the first design with Tubular […]

  • 19 June 2012

    JOGMEC announced today that it will provide equity financing and loan guarantee of around Yen 28.2 billion ($356 million) to the newly established Japanese vehicle to acquire a participating interest in the Wheatstone LNG Project, one of the largest resource projects in Australia, operated by Chevron Corporation. The foundation phase of the Wheatstone Project consists of […]

  • 10 March 2015
    Project & Tenders

    Premier Oil has announced that gas production from the Pelikan field in the Natuna Sea Block A offshore Indonesia started on March 9, 2015.  This follows first gas from the Naga field, also on Natuna Sea Block A, in November 2014. According to Premier, both projects were brought on-stream to budget. Pelikan and Naga will […]

  • 28 November 2019
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Subsea 7 has confirmed a contract by Woodside for the execution of phase 2 of the Julimar-Brunello Project. This contract was awarded to Subsea 7 earlier this year, subject to the final investment decision of the Julimar-Brunello joint venture participants (Woodside and KUFPEC), which has now occurred. The Julimar field is located approximately 200 km […]

  • 21 May 2012
    Business & Finance, Equipment, Project & Tenders

    ShawCor Ltd. announced that its pipecoating division, Bredero Shaw, has received a contract from Apache in Australia with a value in excess of US$45 million to provide pipeline coatings and related products and services for the Julimar Development Project. The Apache-operated Julimar Development Project is a joint venture between Apache (65%) and Kuwait Foreign Petroleum […]

  • 21 May 2012
    Business & Finance

    ShawCor Ltd. on Friday announced that its pipecoating division, Bredero Shaw, received a contract from Apache in Australia with a value in excess of US$45 million to provide pipeline coatings and related products and services for the Julimar Development Project. The Apache operated Julimar Development Project is a joint venture between Apache (65%) and Kuwait […]

  • 24 October 2011
    Business & Finance

    Premier announces the start of gas production from the Gajah Baru field in the Natuna Sea Block A in Indonesia. Premier has achieved first gas after receiving ministerial consent to complete commissioning at an expected rate of up to 50 bbtud. In the meantime the previously announced gas swap documentation to deliver gas to domestic […]

  • 7 May 2015

    Chevron’s Wheatstone LNG project recently installed the topsides on its offshore gas processing platform, 225 kilometres from Ashburton North.

  • 26 September 2011

    Chevron Corporation​ announced that its Australian subsidiary will proceed with the construction of its Wheatstone Project in Western Australia.  John Watson, chairman and chief executive officer, Chevron Corporation, said, “The Wheatstone Project is a legacy, value-creating investment that will provide Chevron with significant reserves and production growth.” Watson added, “This project, along with Gorgon LNG, […]

  • 7 May 2015

    Chevron’s Wheatstone LNG project recently installed the topsides on its offshore gas processing platform, 225 kilometres from Ashburton North.

  • 10 November 2011
    Business & Finance

    Tap Oil Limited (“Tap”) provides the following information on the Hannah-1 commitment well, offshore Carnarvon Basin, Western Australia.  The Hannah-1 well is located in permit TP/8, approximately 18km east of Barrow Island. The well will be drilled in water depth of 16m by the jack-up rig Ensco 104. The well will test a stratigraphic oil […]

  • 4 October 2017

    The Hague-based LNG giant Shell has cancelled the $900 million sale of its stake in a Thai gas field to Kuwait’s state-owned KUFPEC. Shell said in January the company entered into a deal for the sale of subsidiary companies Shell Integrated Gas Thailand and Thai Energy Co, which together hold a 22.222% equity stake held in the […]

  • 19 July 2019
    Operations & Maintenance

    Repsol, the operator of the Yme field, is moving forward with the project development with the Caisson Permanent Support structure installation at the field, located in the PL 316/316B on the Norwegian Continental Shelf.  The structure is supporting the wellhead caisson to the existing subsea storage tank, OKEA, a partner in the development noted. The […]