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Oil & Gas Exploration and Production

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Geveran enters into TRS contract underlying 810,000 shares in FLEX LNG

Monday, 15 May 2017 10:59am EDT

May 15 (Reuters) - FLEX LNG LTD ::GEVERAN TRADING CO. LTD. HAS ON 15 MAY 2017 ENTERED INTO A TRS CONTRACT UNDERLYING 810.000 SHARES IN FLEX LNG LTD.TRS CONTRACT WILL EXPIRY 6TH SEPTEMBER 2017, AND TRS PRICE IS NOK 11,8716 GEVERAN'S OWNERSHIP IN FLNG IS 191,131,803 SHARES EQUAL TO 51.95% OF SHARES AND VOTES IN COMPANY.IN ADDITION, GEVERAN HOLDS TRS AGREEMENTS WITH UNDERLYING EXPOSURE TO 810.000 SHARES IN FLEX LNG LTD.

Meritage Midstream subsidiary acquires Devon Energy’S midstream assets

Thursday, 4 May 2017 09:15am EDT

May 4 (Reuters) - Devon Energy Corp : :Meritage Midstream subsidiary acquires Devon Energy’S midstream assets in wyoming’s south powder river basin.Midstream Services Ii Llc- deal includes a new long-term dedication from Devon to thunder creek of 250,000 acres located in south powder river basin.Meritage Midstream Services II LLC - thunder creek plans to expand processing capacity at 50 buttes from 90 mmcf/d to 180 mmcf/d.Devon Energy Corp - thunder creek expects to expand processing capacity by more than 390,000 mmcf/d.

Mie Holdings Corp says Andrew Sherwood Harper resigned as an executive director of co

Thursday, 4 May 2017 05:06am EDT

May 4 (Reuters) - Mie Holdings Corp <1555.HK>:Mie Holdings Corp says tenure of service contract entered into between Andrew Sherwood Harper and co will expire on 30 june 2017.Mie Holdings Corp says Andrew Sherwood Harper has indicated in a letter to co dated 1 may 2017 that he does not intend to renew service contract.Mie Holdings Corp says harper has resigned as an executive director and chief geologist of company, with effect from 30 june 2017.

Pan Orient Energy: East Jabung PSC AYU-1X exploration well update

Thursday, 27 Apr 2017 08:30am EDT

April 27 (Reuters) - Pan Orient Energy Corp ::Pan Orient Energy Corp: East Jabung PSC AYU-1X exploration well update.Pan Orient Energy-operator of East Jabung production sharing contract said estimated commencement of drilling of AYU-1X exploration well delayed to late Q2 2017.Pan Orient Energy Corp - estimated commencement of drilling of AYU-1X exploration delayed due to delays related to unusually heavy monsoon rainfall.

Aker BP in 4D seismic contract with Schlumberger

Thursday, 27 Apr 2017 01:22am EDT

April 27 (Reuters) - Aker BB Asa :Awards framework contract to Schlumberger.Has entered into a framework contract with Schlumberger for acquisition of 4D seismic data.The framework contract has a duration of four years, with an option for 2+2 years.The contract includes WesternGeco marine acquisition of 4D seismic data over the Aker BP-operated fields Alvheim, Bøyla, Skarv/Snadd and Ula in 2017.This part of the agreement, which has the support of the partners on the four fields, has an independent market value of around USD 30 million.This year’s extensive seismic acquisition effort starts in May, and will be carried out by the WG Amundsen seismic vessel.

FLEX LNG: contemplates to buy two high-end MEGI LNG carriers

Wednesday, 26 Apr 2017 10:31am EDT

April 26 (Reuters) - FLEX LNG LTD :FLEX LNG: ANNOUNCEMENT OF CONTEMPLATED ACQUISITION OF TWO HIGH-END MEGI.ANNOUNCEMENT OF CONTEMPLATED ACQUISITION OF TWO HIGH-END MEGI LNGC NEWBILDS AND PRIVATE PLACEMENT.IS CONTEMPLATING TO ENTER INTO TRANSACTION FOR ACQUISITION OF TWO HIGH-END MEGI LNG CARRIERS CURRENTLY UNDER CONSTRUCTION AT DAEWOO SHIPBUILDING AND MARINE ENGINEERING.TOTAL CONSIDERATION TO BE PAID BY THE COMPANY FOR THE ACQUISITION OF THE VESSELS IS USD 180 MILLION PER VESSEL.20% OF THE CONTRACT PRICE IS PAYABLE WITHIN THREE (3) DAYS FROM A SUCCESSFUL COMPLETION OF THE PRIVATE PLACEMENT.SAYS REMAINING PART OF THE CONTRACT PRICE IS PAYABLE UPON DELIVERY OF THE VESSELS.SAYS ACQUISITIONS OF VESSELS ARE SUBJECT TO PRIVATE PLACEMENT BEING COMPLETED.NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED FOR PAYMENT UNDER FIRST INSTALMENT OF TRANSACTION, WORKING CAPITAL AND GENERAL CORPORATE PURPOSES.

Canacol Energy says acquired operated interest in the SSJN7 E&P contract

Tuesday, 25 Apr 2017 04:30pm EDT

April 25 (Reuters) - Canacol Energy Ltd ::Canacol Energy Ltd. Consolidates core gas exploration position with acquisition of operated interest in the ssjn7 e&p contract, lower magdalena valley basin.Canacol Energy Ltd - has purchased pacific exploration and production's 50 pct operated interest in ssjn7 exploration and production contract.Canacol - purchased interest in ssjn7 contract for consideration of assumption of contractual exploration obligations to agencia nacional de hidrocarburos.Canacol Energy-ssjn7 block increases canacol's net exploration acreage position 43 pct from 785,000 acres to 1,120,000 acres within lower Magdalena valley basin.

African Petroleum signs Heads of Terms and Exclusivity agreement

Tuesday, 18 Apr 2017 02:02am EDT

April 18 (Reuters) - African Petroleum Corporation Ltd ::HEADS OF TERMS & EXCLUSIVITY AGREEMENT - SENEGAL & THE GAMBIA.SIGNS NON-BINDING HEADS OF TERMS AND BINDING EXCLUSIVITY AGREEMENT WITH AN OIL AND GAS COMPANY.AGREEMENTS PROVIDE FRAMEWORK FOR INCOMING THIRD PARTY TO SECURE A 70 PERCENT OPERATED INTEREST IN COMPANY'S SOSP PRODUCTION SHARING CONTRACT IN SENEGAL AND A1 AND A4 LICENCES IN GAMBIA.

Oil Basins receives unsolicited controlling interest offer from Zeecol International

Thursday, 13 Apr 2017 12:45am EDT

Oil Basins Ltd : Company has received an unsolicited approach from Zeecol International advising of its intention to acquire a controlling interest in company through a merger . Board wishes to advise shareholders that they do not need to take any action at this stage .Company is currently liaising with Zeecol in relation to correspondence in order to determine details of proposed intention.

Seadrill: North Atlantic drilling wins ConocoPhillips contract

Tuesday, 11 Apr 2017 01:45am EDT

Seadrill Ltd : north atlantic drilling announces contract awards for the West Wlara and the West Linus . Total additional backlog for new contract awards is estimated at $1.4 billion excluding performance bonuses. . As part of agreement, company has agreed to a dayrate adjustment on existing west linus contract effective from april 2017, resulting in a $58 million reduction in current backlog. . New west elara contract which is expected to commence in october 2017 includes a period of fixed dayrates until march 2020 and contributes approximately $160 million of contract backlog. A . Contract on west linus has been extended from may 2019 until end of 2028 at a market indexed dayrate, which company believes will contribute an estimated $706 million of contract backlog. .Work is for ConocoPhillips at the Ekofisk field off Norway..

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