Marubeni Corporation (“Marubeni”) has agreed with BW Gas Limited, Bermuda (“BWG”) to acquire 49% interest of 8 LNG carriers (“8 LNGCs”) presently owned by BWG under long-term time charter to Nigeria LNG Limited (“NLNG”). Marubeni’s acquisition cost is about US$ 700 million (equivalent to JPY about 6
GEA has received 3 major orders worth EUR 28 million for the supply of Air Cooled Heat Exchangers to projects of the oil and gas industry. For a new LNG (Liquefied Natural Gas) plant in the southern highlands of Papua New Guinea which is under development by Exxon Mobile and its joint venture partic
Eastern Star Gas (ESG) today announced it has entered into an agreement with Marubeni Corporation putting in place a series of prospective arrangements to expedite commercialisation of ESG’s proposed LNG Newcastle (LNGN) Project. Objectives of the agreement with Marubeni include: – ESG making availa
Acergy S.A. , announced today results for the third quarter which ended on August 31, 2010. Highlights – Revenue from continuing operations was $495 million (Q3 2009: $558 million) – Adjusted EBITDA1 from continuing operations was $124 million (Q3 2009: $110 million) corresponding to an Adjusted EBI
INPEX CORPORATION announced today that INPEX and its partner Total E&P Indonesie, operator of the Mahakam PSC, signed a Heads of Agreement with PT Nusantara Regas pertaining to the supply of 11.75 million tons of Bontang LNG over the period of 2012-2022 to the West Java LNG terminal, the first LNG r
Rockhopper Exploration plc , the North Falkland Basin oil and gas exploration company is providing an update on a number of operational and strategic developments since its AGM on 30th September 2010. Exploration The recent successful flow test at Sea Lion has validated the potential for commercial
Baker Hughes announced today that BJ Services, a Baker Hughes company, was awarded a USD multimillion contract by Woodside to provide casing and tubing running services for Pluto development in Australia. Work associated with the three-year contract began in May 2010 on various wells in Woodside’s o
Marathon Petroleum Company (Norway) (MPCN) has received consent to use the mobile drilling facility Songa Dee for production drilling on the Alvheim field. On 26 March 2010, MPCN received consent to use Songa Dee for drilling and completion of three oil producing wells on Alvheim: 24/6-B-4 (Kameleon
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced that the Fundamental Decision for the Amendment to the Hibernia Development Plan to allow the Hibernia Southern Extension Project to proceed has been approved. The decision enables Hibernia Management and Development C
WorleyParsons’ Nigerian joint venture company, DeltaAfrik Engineering Limited, has received notification of a contract extension from ExxonMobil subsidiary Mobil Producing Nigeria for provision of engineering and project delivery services for the “Satellites Phase 2” project as part of its ongoing o
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited , an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces the appointment of Fergus McGhie as Project Delivery Manager for the development of the St
McDermott International, Inc. (“McDermott”) announced today that one of its subsidiaries has been awarded a contract from Vetco Gray Australia Pty Limited for the fabrication of subsea structures and spools for Chevron’s Gorgon Upstream Project. The value is expected to be in excess of US$50 million
In a milestone event, Papua New Guinea’s first and only landowner company yesterday signed a massive half a billion kina [US$192 million]… (postcourier) [mappress] Source: postcourier, October 11, 2010;
GDF SUEZ has just signed a medium term agreement with CNOOC Gas and Power Group Ltd. which is a wholly owned subsidiary of China National Offshore Oil Corporation (CNOOC), the largest importer of LNG in China. Under this agreement, GDF SUEZ will sell CNOOC about 2.6 million tons of LNG from 2013 dur
