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Integrated Oil & Gas

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Russia's Rosneft considered on Oct 1 deal worth at least $1.5 bln

Monday, 3 Oct 2016 08:10am EDT

Russian oil firm Rosneft : Board was to consider on Oct 1 deal that could be worth at least $1.5 billion . Rosneft declined to comment to Reuters on the board's decision on the deal . Russia's No. 1 oil producer Rosneft seen bidding for mid-sized oil firm Bashneft , which government hopes to privatise this year Further company coverage: [ROSN.MM] (Reporting by Moscow Newsroom) ((moscow.newsroom@thomsonreuters.com)).

Statoil says Stausholm resigns from board

Monday, 3 Oct 2016 01:59am EDT

Statoil Asa : Says Jakob Stausholm leaves the board of directors .Stausholm has informed that he will resign from his position as member of the board of directors in Statoil ASA with immediate effect in order to avoid potential conflicts of interests following his new appointment as CFO of the Maersk group.

Poland's PGNiG, PKN to sign new gas supply deal

Thursday, 29 Sep 2016 01:20am EDT

PKN , PGNIG : Poland's biggest refiner PKN Orlen to sign a contract worth 7 billion zlotys ($1.83 billion) with state-run gas firm PGNiG on gas purchases, starting from Oct 2016 to Sept 2021, the companies said in their statement. .The contract will replace an existing long-term deal signed in 1997 that was supposed to be binding till 2017..

Lamprell wins $90 mln contract from Master Marine subsidiary

Monday, 26 Sep 2016 02:00am EDT

Lamprell Plc : Contract award . Works are scheduled to complete in Q2 2018. Master marine is a new client for group. This contract is valued at approximately us$ 90 million . Has received a new contract award from Jacktel AS, a wholly owned subsidiary of Master Marine AS . Contract for upgrade of mobile operating unit "Haven" as an accommodation service vessel for Statoil "Johan Sverdrup" field, offshore Norway .Scope of works includes procurement, construction and installation of extended legs and new suction caissons.

Brookfield Infrastructure Consortium to acquire South American Natural Gas Transmission Utility

Friday, 23 Sep 2016 06:52am EDT

Brookfield Infrastructure Partners LP : Brookfield Infrastructure Consortium to acquire South American Natural Gas Transmission Utility . Deal for approximately US$5.2 billion . Petrobras, as a 10% owner in NTS, will have customary governance rights commensurate with size of its interest . Will fund proportionate share of up-front payment from existing liquidity which totalled about US$2 billion at June 30, 2016 . Have reached agreement to acquire a 90% controlling stake in Nova Transportadora Do Sudeste S.A. . Brookfield Infrastructure's investment will be a minimum of approximately 20% of transaction, representing about US$825 million . Brookfield Asset Management has agreed to participate initially for an approximate 30% interest in consortium .Purchase price payable in 2 tranches; up-front payment of us$4.3 billion on closing,balance payable on 5th anniversary of closing.

Aker Solutions wins NOK 370 mln Statoil contract on Troll B platform

Friday, 16 Sep 2016 04:50am EDT

Statoil says: Statoil has, on behalf of the license partners, decided to exercise the option for engineering, procurement, construction and installation (EPCI) of a gas module that will increase gas processing capacity on the Troll B platform. . The contract has a value of approximately NOK 370 million Norwegian crowns ($44.94 million), and is an option in a front-end engineering and design (FEED) contract awarded to Aker Solutions in January 2016. . The engineering work will be carried out by Aker Solutions in Bergen and module construction will start at Aker’s yard in Egersund in 2017. . The module is scheduled to be lifted onto Troll B in the spring of 2018 and become operational in the third quarter of 2018. . Aker Solutions says the contract will be booked as part of Aker Solutions' third-quarter order intake Further company coverage: [AKSOL.OL] [STL.OL] ($1 = 8.2323 Norwegian crowns) (Reporting By Camilla Knudsen) ((camilla.knudsen@thomsonreuters.com;)).

Statoil buys stakes in Norway licenses from Tullow

Tuesday, 6 Sep 2016 02:36am EDT

Statoil Asa : Says increases share in the Wisting discovery . Statoil and Tullow Norge as have agreed on a transaction whereby Statoil will increase its equity in four licences on Norwegian Continental Shelf . Transaction includes Wisting discovery in Barents Sea . Reflects our strong belief in exploration potential on Norwegian continental shelf and our commitment to create value in barents sea . Statoil has a strong position in hoop area and sees further exploration potential which can bring synergies to area . Through this transaction Statoil becomes biggest equity holder in wisting discovery, so far only big discovery in hoop area of barents sea . Npd estimates wisting discovery to contain 241 million boe of recoverable resources . New, substantial discoveries are required to maintain production on ncs, and resource additions from northern norway are central in reaching this target . Agreement also gives access to interesting exploration prospects in norwegian sea and barents sea that will be matured for possible drilling in 2018 .Transaction is contingent upon approval of authorities.

Turcas Petrol submits and application for privatization tender of two power plants

Monday, 5 Sep 2016 08:19am EDT

Turcas Petrol AS : Submits a pre-qualification application for privatization tender of Almus and Köklüce hydroelectric power plants in Tokat .Power plants have an installed capacity of 117 MW, which are included in group 3 hydroelectric power plant portfolio of Elektrik Üretim AS.

BP, Rosneft and Schlumberger sign seismic research agreements

Friday, 2 Sep 2016 05:35am EDT

BP Plc : Rosneft, BP and Schlumberger sign technology agreements . Rosneft, BP and Schlumberger today announced agreements for collaboration on seismic research and development . Rosneft will join as an equal partner in BP's ongoing project with Schlumberger's seismic business, WesternGeco, to develop innovative cableless onshore seismic acquisition technology . Project envisages an initial two year period to complete development of a seismic acquisition system . BP, Rosneft will have preferential access to technology for initial period, after which Schlumberger will have exclusive rights to market system Further company coverage: [BP.L] For full coverage please click: [nR4N1B5014] (Bengaluru Newsroom) ((+91 806 749 1136;)).

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