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Det norske acquires licenses from Centrica

Monday, 18 Apr 2016 02:30am EDT

Det Norske Oljeselskap ASA:Det norske oljeselskap ASA has entered into an agreement with Centrica to acquire the company's licenses in the Frigg Gamma Delta and Rind discoveries.As compensation Det norske will cover the expenses of the licenses with effective date of 1 January 2016.The portfolio consists of 30 percent ownership in the licenses PL 442, PL 026B and PL 026, including the operatorship in Frigg Gamma Delta.The transaction is subject to regulatory approvals.

Crown Energy enters into agreement with international investor on private placement

Monday, 4 Apr 2016 02:16am EDT

Crown Energy AB:Enters into agreement with international investor on private placement of shares and warrants of at least 63 million Swedish crowns ($7.75 million) and up to 126 million crowns.Will propose that a shareholders meeting to be held on May 4, 2016 resolves on an issue of 31.5 million units to an international investor Cement Fund SCSp of Luxemburg.Each unit consists of one new share and one warrant to subscribe for one share.Subscription price per unit is 2 crowns.Proceeds from private placement will initially be 63 million Swedish crowns.Funds will be used for repayment of outstanding convertible loans.Says emphasis will be put towards company's Iraqi project.Says proceeds from investor shall be used primarily to progress Iraq development project.

Eden Energy announces commercial order

Thursday, 31 Mar 2016 09:00pm EDT

Eden Energy:Received an important commercial order for its edencretetm concrete admixture.Project is to take place at a major regional maintenance facility in georgia for a large national US company.

Atlantic Petroleum in Heads of Terms with London Oil and Gas

Thursday, 24 Mar 2016 06:15pm EDT

Atlantic Petroleum P/F:Has entered into Heads of Terms with London Oil and Gas Ltd (LOG).LOG is prepared to inject funds and assets into Atlantic Petroleum of at least 8 million British pounds ($11.30 million) by June 24 through convertible instrument.It is subject to negotiation and execution of legally binding agreement, compromise or resolution in relation to certain liabilities of Atlantic Petroleum North Sea Limited and agreement of arrangements going forward on treatment of debt owed to P/F Atlantic Petroleum's main creditor Eik Bank.Has undertaken that for duration of Exclusivity Period of 90 days from March 24 it will discuss and negotiate proposed transaction with LOG on exclusive basis conditional upon LOG forwarding loan of minimum 47,000 pounds per month for duration of exclusivity period.

MEC Resources says Advent Energy signs letter of intent with northern minerals

Monday, 21 Mar 2016 01:33am EDT

MEC Resources Ltd:Advent energy signs letter of intent with Northern Minerals.Deal for potential future supply of gas to browns range heavy rare earth element project in north-eastern Western Australia.

Williams Partners executes agreements to Serve Two Gulf Coast LNG Export Facilities

Wednesday, 10 Feb 2016 04:05pm EST

Williams Partners:Says that it has executed long-term contracts with two shippers for Gulf Connector, a 475,000 dekatherm per day expansion of the Transco pipeline system to connect U.S. natural gas supplies with global liquefied natural gas (LNG) markets.

INPEX Signs Natural Gas Sales and Purchase Agreement with Nihonkai Gas

Friday, 22 Jan 2016 01:00am EST

INPEX CORP:Says has signed a Natural Gas Sales and Purchase Agreement (SPA) with NIHONKAI GAS CO., LTD (NIHONKAI GAS).Under the SPA, INPEX will sell natural gas to NIHONKAI GAS starting from Oct. 2016 utilizing the Toyama Line, a natural gas trunk pipeline currently under construction that will extend from Itoigawa City in Niigata Prefecture to Toyama City in Toyama Prefecture.When operational, the Toyama Line will allow the company to stably and efficiently supply natural gas over the long term from its Naoetsu LNG Terminal located in Joetsu City, Niigata Prefecture to NIHONKAI GAS and other customers located along the pipeline’s route.

SBM Offshore awarded FEED contract by Premier Oil

Wednesday, 13 Jan 2016 02:10am EST

SBM Offshore NV:Says awarded feed for Premier Oil sea lion FPSO.Premier has awarded company front-end engineering and design (FEED) contract for an FPSO for phase 1 of its sea lion development in North Falkland basin​.‍18-month contract awarded to SBM Offshore covers feed elements of proposed FPSO​.‍Asset will be a converted FPSO with a throughput capacity of approximately 85,000 barrels per day and will operate in 450 meters of water.

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