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Oil & Gas Refining and Marketing

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Petrofac says awarded 3-year services contract for Repsol Sinopec's North Sea ops

Monday, 11 Jul 2016 10:25am EDT

Petrofac Ltd : Confirms it will play a significant role in new contracting strategies launched by Repsol Sinopec Resources UK . As part of its revised approach Repsol Sinopec Resources UK has awarded Petrofac two major contracts to support significant areas of its business . Petrofac has been awarded a three-year engineering support services contract as a tier 1 contractor for major brownfield modifications across 12 assets . Around 300 personnel currently supporting these assets will transfer to petrofac at end of transition period. . Under separate three-year contract, co will provide operations,maintenance and construction personnel for five of Repsol Sinopec Resources UK's assets Further company coverage: [PFC.L] (Bengaluru Newsroom) ((+91 80 6749 1136;)).

Petrofac reaches deal with Petronas to end offshore Malaysia contract

Monday, 11 Jul 2016 02:00am EDT

Petrofac Ltd : Berantai RSC - agreement with Petronas . Have reached mutual agreement with Petronas for cessation of Berantai Risk Service Contract . Petronas will reimburse balance of outstanding capital and operational expenditures to Petrofac and its partners over period to June 2017 . As part of arrangement ownership of Berantai FPSO will be transferred to Petronas .Petrofac will use cash proceeds for general corporate purposes.

Brightoil Petroleum announces termination of agreement for acquisition of ten vessels<0933.HK>

Thursday, 30 Jun 2016 04:53am EDT

Brightoil Petroleum Holdings Ltd <0933.HK>: Termination of connected transaction in respect of the acquisition of ten vessels <0933.HK> . Singapore subsidiary and Shenzhen Brightoil shipping entered into the termination agreement . Termination of agreement will not have any material adverse impact on the existing business of the group . Pursuant to the deal vessels acquisition agreement as amended by the amendment on 29 April 2016 was terminated . As per termination agreement, Shenzhen Brightoil shipping shall pay to Singapore subsidiary the sum of US$67.2 million .

Petroperu signs MOU with Ecuador's Petroamazonas

Thursday, 23 Jun 2016 09:50am EDT

Petroleos del Peru Petroperu SA : Said on Wednesday signed memorandum of understanding (MOU) to cooperate with Ecuador's Petroamazonas in the area of hydrocarbons .Says agreement is a result of cooperation between Peru and Ecuador and is aimed at exploring viability of exploration, transportation and distribution of crude oil from Pastaza province in Ecuador to Peru via North Peruvian Pipeline.

GOCL Corp unit bags order worth 1.28 bln rupees

Friday, 17 Jun 2016 03:26am EDT

GOCL Corp Ltd : Gocl corporation -unit idl explosives bagged an order worth inr 1.28 billion for a period of 2 years i.e. from 2016 to 2018 .

Itochu Enex jointly with Itochu Corp to develop LP gas selling business in Philippine

Thursday, 12 May 2016 10:37pm EDT

Itochu Enex Co Ltd <8133.T>: Says the co jointly with Itochu Corp <8001.T> to develop LP gas selling business in Philippine, through a newly established holding company . Says the co and Itochu Corp to hold 40 percent and 60 percent stake in the holding company . Says the holding company to acquire 40 percent stake in Isla Petroleum & Gas Corporation which is held by Itochu Corp .Says the other 60 percent stake in Isla Petroleum & Gas Corporation is held by the local partner company Isla Petroleum & Energy.

OMV AG completes drilling and testing of Wisting Central II appraisal well

Tuesday, 5 Apr 2016 08:00pm EDT

OMV AG:Successful drilling and testing of the Wisting Central II appraisal well.Wisting area potential is reconfirmed at 200-500 mn boe.

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