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Statoil swaps stakes with BP in four blocks off Australia

Thursday, 8 Jun 2017 04:48pm EDT

June 8 (Reuters) - Statoil Asa : :Says has signed a swap agreement with BP <<>> and has been granted regulatory approval to take over two exploration permits and extend its work program in the Great Australian Bight.Says has transferred its 30% equity interest in offshore exploration permits EPP37 and EPP38 to BP and exited the licences.Says BP has transferred its 70% equity interest in offshore exploration permit EPP39 and EPP40 to Statoil and exited the licences.Says Statoil consequently holds 100% equity interest in the two exploration permits.Says the regulator has granted Statoil a suspension and extension of the work commitments in EPP39 and EPP40.Says the approved extension includes drilling of one exploration well in EPP39 before Oct. 30, 2019.

Sinopec Engineering Group signs contract with Sinochem Quanzhou Petrochemical Co

Tuesday, 6 Jun 2017 05:14am EDT

June 6 (Reuters) - Sinopec Engineering Group Co Ltd <2386.HK>:‍Contract value of sinochem quanzhou ethylene contract is approximately rmb4.259 billion​.Signed a contract of engineering, procurement and construction with Sinochem Quanzhou Petrochemical Co.‍Completion of sinochem quanzhou project is expected to be in around december 2020​.Group signed an epc contract for sinopec zhenhai project with sinopec zhenhai refining & chemical co.Contract value of sinopec zhenhai residue hydrogenation contract is approximately rmb1.376 billion.Completion of sinopec zhenhai project is expected to be in around september 2018.Consortium of group and maire tecnimont spa signed an epc contract for agpp project with public joint stock co gazprom.Total contract value of three contracts of about rmb6.547 billion will be recorded as a backlog of co.

Consortium including Japan's JGC to build LNG platform off Mozambique for 700 bln yen - Nikkei

Wednesday, 31 May 2017 07:08pm EDT

June 1 (Reuters) - NIkkei::Consortium including JGC has reached 700 billion yen deal to build a floating liquefied natural gas platform off the coast of mozambique - Nikkei.Developers on lng project include Eni, China National Petroleum and Korea Gas - Nikkei.JGC to handle roughly 150 bln yen portion of LNG contract- Nikkei.JGC to handle planning, procuring materials for and building lng plant with TechnipfMC and Samsung Heavy Industries - Nikkei.

Keyera sanctions Wapiti natural gas gathering & processing complex

Wednesday, 31 May 2017 05:08pm EDT

May 31 (Reuters) - Keyera Corp ::Keyera sanctions Wapiti natural gas gathering & processing complex.Keyera Corp - phase one is estimated at $470 million as it includes build-out of certain infrastructure sufficient to support both phases.Keyera Corp - as a result of the decision, Keyera now expects to invest growth capital of between $800 million and $900 million in 2017.Keyera - total cost of two-phased project is expected to be approximately $625 million.Keyera - based on proposed construction schedule, operations are targeted to start up in mid-2019.

Odfjell: Deepsea Bergen secures up to $55 mln contract for Statoil

Wednesday, 31 May 2017 02:39am EDT

May 31 (Reuters) - Odfjell Drilling Ltd ::Signed a letter of award(Loa) with Statoil<<>> to secure Deepsea Bergen for drilling activities in 2018-2019.Loa includes one firm well plus 4 x 3 optional wells, which in total can secure work for Deepsea Bergen up to 14 months.Estimated start up is Q2/Q3 2018 in direct continuation with OMV drilling program and contract value is up to $55 million.Αgreed to suspend completion of the current Deepsea Bergen Statoil contract and re-arrange the drilling schedule, allowing an earlier commencement of the 1 + 1 well contract with Faroe<<>>.

Total launches construction of 25 MW solar plant in Miyako, Japan

Tuesday, 23 May 2017 05:07am EDT

May 23 (Reuters) - Total SA :Total, through its subsidiary Total Solar, launches construction of 25 megawatt solar plant in Miyako, Japan..Says expected to start up production in 2018 and will supply electricity to over 8,000 homes..Total says the plant will be connected to the electricity distribution grid to supply energy through the regional utility company. .

Statoil extends contract with Fred. Olsen Energy worth $17 mln

Friday, 19 May 2017 02:14am EDT

May 19 (Reuters) - Fred Olsen Energy Asa :Statoil <<>> has exercised the option for an additional well with Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, for use of the semi-submersible drilling unit Bideford Dolphin.The well will be in direct continuation with the upcoming well, which is estimated to be commenced late May. .The contract value for the extension is approximately USD 17.2 million for an estimated drilling campaign of 100 days .

Rosneft to supply 250,000 T of oil and diesel to Cuba, expand coop with Turkey

Wednesday, 3 May 2017 06:05am EDT

May 3 (Reuters) - Russia's Rosneft says::Signed an agreement with Cubametales in March to supply around 250,000 tonnes of crude oil and diesel as part of an inter-government deal between Russia and Cuba.Will expand cooperation with Turkish partners, agreements for the supply of oil products in 2018-2020 between Rosneft and Demiroren Group Companies, Rosneft and BA Gas Enerji Sanayi ve Ticaret A.S. were signed in March.The new agreements provide the foundation for signing legally binding contracts for the oil products supply by 2020 of up to 4.6 million tonnes to Demiroren Group Companies and up to 6 million tonnes to BA Gas Enerji Sanayi ve Ticaret A.S. annually..

Santos responds to Australian domestic gas security mechanism

Wednesday, 26 Apr 2017 08:32pm EDT

April 27 (Reuters) - Santos Ltd :Response to the Australian domestic gas security mechanism-sto.ax.Note commonwealth government announcement regarding introduction of a new Australian domestic gas security mechanism.Santos will supply more gas into Australian domestic market than it purchases for its share of LNG exports..Santos will seek clarification of how new policy will work in practice.

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