BP-Rosneft swap hangs on ceding Arctic
Today's Headlines, May 9, 2011
· Total makes another offshore Angola discovery
· BP-Rosneft share swap approval requires ceding Arctic exploration to TNK-BP
· CNOOC pulls out of West Madura offshore block
· Lauritzen secures $550MM Brazilian charter deal with Petrobras
· EOG Resources sells $637MM in assets
· Statoil awards Fossekall/Dompap contract to Subsea 7
· BG Group, Chubu sign 21-year LNG sales contract
· US DOE forms natural gas hydraulic fracturing safety panel
· Enterprise to increase capacity on Mid-America pipeline
· Gazprom to speed up drilling at Sakhalin-3 gas project
· US House passes bill requiring DOI to hold canceled OCS lease sales
· NIC announces new timeline for Nabucco pipeline
May 9, 2011
Total makes another offshore Angola discovery
Total announces that its subsidiary, TEPA Limited, and Sonangol E.P., have discovered hydrocarbons in the north-eastern area of the deep offshore block 17/06.
Share: BP-Rosneft share swap approval requires ceding Arctic exploration to TNK-BP
An arbitration panel has ruled that the proposed $16 billion share swap between BP and Rosneft will only be approved to proceed subject to Rosneft consenting to assign Arctic exploration opportunity to TNK-BP
Share: CNOOC pulls out of West Madura offshore block
CNOOC has pulled out from the West Madruda block following official appointment of Pertamina to replace Kodeco as the operator based on recommendations by upstream oil and gas regulator BPMigas.
Share: Lauritzen secures $550MM Brazilian charter deal with Petrobras
The long-term contract for Dan Swift is due to commence in July 2011 and the combined contract value of Lauritzen Offshore's engagement with the Petrobras group exceeds $550 million.
Share: EOG Resources sells $637MM in assets
EOG Resources Inc. has sold $637 million worth of assets in its goal of divesting $1 billion worth of assets this year, EOG Chief Executive Officer Mark Papa said, adding most of the assets sold were mature gas-producing properties in South Texas and New Mexico.
Share: Statoil awards Fossekall/Dompap contract to Subsea 7
Statoil has awarded Subsea 7 a contract for marine installations and pipe-laying in connection with development of the Fossekall/Dompap discoveries off the coast of Helgeland in northern Norway.
Share: BG Group, Chubu sign 21-year LNG sales contract
BG Group has signed a sales and purchase agreement with Chubu Electric Power Co. Inc, for the long-term supply of liquefied natural gas (LNG).
Share: US DOE forms natural gas hydraulic fracturing safety panel
US Energy Secretary Steven Chu has announced a group of environmental, industry and state regulatory experts who will make recommendations to improve the safety and environmental performance of natural gas hydraulic fracturing from shale formations
Share: Enterprise to increase capacity on Mid-America pipeline
Enterprise Products Partners L.P. announced a planned expansion of the Rocky Mountain segment of the partnership's Mid-America Pipeline system.
Share: Gazprom to speed up drilling at Sakhalin-3 gas project
Russian energy giant Gazprom is preparing to speed up drilling at the Kirinsky gas field at its Far Eastern Sakhalin-3 project, to ship natural gas to Asia faster in response to growing market demand.
Share: US House passes bill requiring DOI to hold canceled OCS lease sales
The US House of Representative approved a bill that would compel the US Department of the Interior to hold federal Outer Continental Shelf lease sales that it canceled following the 2010 Macondo well accident and crude oil spill.
Share: NIC announces new timeline for Nabucco pipeline
Nabucco Gas Pipeline International GmbH announces a revised timeline for the Nabucco pipeline project.
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