Chesapeake Energy Corporation and CNOOC Limited announced the closing of a project cooperation agreement whereby CNOOC International Limited, a wholly owned subsidiary of CNOOC Limited, purchased a 33.3% undivided interest in Chesapeake’s 800,000 net oil and natural gas leasehold acres in the Denver
Total and IPIC have signed an agreement whereby Total will sell its 48.83% share in the capital of CEPSA. This sale will take place pursuant to a public takeover bid over the entire share capital of CEPSA that IPIC has undertaken to file with the Spanish Securities Commission CNMV. IPIC will offer 2
In the first large-scale application of its type, GE Oil & Gas advanced compressor technology is minimizing liquefied natural gas (LNG) boil-off gas flaring at LNG berths at the Ras Laffan Port, Ras Laffan Industrial City in Qatar, by making productive use of the gas that boils off during loading of
Det norske oljeselskap ASA is working actively on three potential development projects. In the fourth quarter, Det norske recorded high operating revenues. In 2010, Det norske oljeselskap ASA confirmed its position as one of the most active exploration companies on the Norwegian continental shelf an
LLOG Exploration Company, L.L.C. (and affiliate, LLOG Exploration Offshore, L.L.C.) today provided an update on five discoveries being developed in the Deepwater Gulf of Mexico and announced the launch of the company’s website. The five development projects are all scheduled to be on line by the fir
Tap Oil Limited provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Zola-1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon Basin, Western Australia. The well is b
Norske Shell AS has signed a letter of intent with AGR Drilling Services for a contract worth NOK84m (£9m). AGR Drilling Services’ excavation and trenching technology has been chosen by Shell for the next phase of its extension project in the northern part of the Ormen Lange field. Four new engineer
The United Nations Industrial Development Organization (UNIDO) and Statoil, a leading international energy company in oil and gas production, will work together to examine the feasibility of common projects to promote sustainable energy access and industry in developing countries. An agreement on th
Repsol has signed a liquefied natural gas (LNG) supply agreement with South Korea’s state-owned Korea Gas Corporation (KOGAS), boosting Repsol’s position as one of the world’s largest shippers of the fuel. The 15-month agreement, which took effect from January, will involve the shipment of 1.9 bcm o
GE announced that its Oil & Gas business has entered into an agreement to acquire the Well Support division of John Wood Group PLC for approximately $2.8 billion. The transaction, which the Board of Wood Group intends to unanimously recommend to its shareholders, is expected to close later in 2011,
Cheniere Energy Partners, L.P. announced today that its subsidiary, Sabine Pass Liquefaction, LLC, has signed memoranda of understanding wit… [mappress] Source: Cheniere, February 11, 2011;
MEC Resources provides the following update from its investee company Advent Energy Ltd (Advent) regarding the present status of its operations. PEP11, Offshore Sydney Basin (Advent 85% through wholly owned subsidiary Asset Energy Pty Ltd, pending formal transfer from Joint Venture partner Bounty Oi
A frame contract for inspection, maintenance and repairs of subsea installations and pipelines has been awarded by Statoil to Subsea 7. The estimated value of the contract is approximately NOK 2 billion, including options. “With increased focus on lifetime extensions and opportunities for enhanced o
Siemens and Saudi Aramco, one of the world’s largest oil companies headquartered in Dhahran, Saudi Arabia, have signed a corporate procurement agreement (CPA). This corporate-level agreement will strengthen the cooperation between the two companies. In addition, a sub-procurement agreement grants Sa
