More Companies News

Premier sells interest in Indonesian block

Premier Oil PLC, London, has sold the wholly owned subsidiary that holds a 41.67% equity interest in Block A, Aceh Province, in North Sumatra, Indonesia, to KrisEnergy Asia Holdings BV for after-tax consideration of $40 million plus working capital adjustments.

OMV completes sale of Bayernoil interest

OMV AG has closed the sale of its 45% interest in the Bayernoil refining complex near Ingolstadt, Germany, and related businesses to Varo Energy BV.

Woodside, Cheniere unit sign LNG supply deal

Woodside Energy Trading Singapore has signed a binding LNG supply agreement with Cheniere Energy’s subsidiary Corpus Christi Liquefaction LLC for the purchase of 850,000 tonnes/year of LNG from the Corpus Christi LNG project when the second train at the export facility comes on stream. The facility will eventually have three trains with a combined capacity of 13.5 million tpy.

Freeport-McMoRan completes $1.4 billion purchase of deepwater gulf assets

Freeport-McMoRan Oil & Gas LLC, a subsidiary of Freeport-McMoRan Copper & Gold Inc., has completed its $1.4 billion acquisition of certain interests in the deepwater Gulf of Mexico from Apache Corp.

Eni signs contract for block offshore Vietnam

Eni SPA has signed a production-sharing contract with PetroVietnam for exploration of Block 122 offshore Vietnam.

Leviathan partners, BG sign gas supply letter of intent

Noble Energy Inc. reported the signing of a nonbinding letter of intent (LOI) between partners in the Leviathan natural gas field offshore Israel and BG International Ltd. for the supply of gas from Leviathan to BG’s existing LNG facilities in Egypt.

Linn to purchase acreage from Devon for $2.3 billion

Linn Energy LLC, Houston, has agreed to acquire assets in five US operating areas from Devon Energy Corp., Oklahoma City, for $2.3 billion, effective Apr. 1.

Puma to buy InterOil’s downstream Papua New Guinea businesses

Singapore-based Puma Energy Group Pte. has acquired the InterOil Corp. subsidiaries holding the company’s Papua New Guinea refining and petroleum products distribution businesses for $525.6 million.

MOL to acquire licenses in UK North Sea

MOL Group has agreed to acquire interest in six licenses in the UK North Sea from Premier Oil UK Ltd. for $130 million.

A gulf fish tale

About 35 years ago, 10 exploratory wells were drilled in the US portion of the Georges Bank basin 120 miles off Cape Cod, Mass. Environmentalists came out against drilling, and their arguments, including the claim that the fishing industry would be destroyed, were ultimately persuasive. Drilling ceased, yet to be restarted.

Starfish start-up could ease Trinidad and Tobago’s tight gas supplies

Trinidad and Tobago’s tight natural gas supply could be eased within the next 4 months with the startup of 300 MMscfd of gas from BG Group’s Starfish development. BG Group said the project, which involves the drilling of four subsea wells and a 10-km subsea tieback to the Dolphin A platform, is on schedule for this year’s fourth quarter.

QEP Resources moves ahead with midstream spinoff

QEP Resources Inc., Denver, has filed a Form 10 registration statement for the tax-free spinoff of wholly owned, midstream subsidiary QEP Field Services Co. (QEPFS) into a separate publicly traded company to be named Entrada Midstream Inc.

Jupiter to acquire Bighorn assets from Encana for $1.8 billion

Jupiter Resources Inc., Calgary, has signed an agreement with Encana Corp. to acquire the firm’s Bighorn assets in Alberta for $1.8 billion, effective May 1.

Gazprom, OMV to complete Austrian South Stream leg by 2016

OAO Gazprom and OMV AG signed a shareholders’ agreement for South Stream Austria GMBH, completing the final investment decision for the natural gas pipeline’s Austrian section with an eye on commissioning in late 2016.

Durrant named chief executive officer of Premier Oil

Premier Oil PLC has appointed Tony Durrant as chief executive officer, effective immediately. He succeeds Simon Lockett, who served in the role since 2005.

Market Connections

Successful, small, private E&P Company in Covington, LA has opening for experienced Petroleum Engineer. Work with Mgmt and Earth Scientists, limited supervision, well-organized, team player.  Exp performing O&G well file research, compiling data, preparing AFEs, economics, writing procedures and recommendations.  Exp in supervising workovers, well intervention projects, and knowledge of ops in both onshore and inland waters.  Petroleum Engineering degree or equivalent.  Exp in planning and executing sidetracks and new drills preferred.   Communication skills a must.   Current BOP cert preferred.  Comp benefits.

Gulf Coast Petroleum Engineer

Successful, small, private E&P Company in Covington, LA has opening for experienced Petroleum Engineer. Work with Mgmt and Earth Scientists, li...
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Large Capacity Natural Gas Pipeline located in South Texas Eagle Ford Shale Area. Growing company is currently seeking qualified candidates for IMMEDIATE OPENINGS: Gas Pipeline Compressor Station Operator, Gas Pipeline Compressor Station I&E Technician, Gas Pipeline Compressor Station Maintenance Technician.

Growing company is currently seeking qualified candidates for IMMEDIATE OPENINGS

Large Capacity Natural Gas Pipeline located in South Texas Eagle Ford Shale Area. Growing company is currently seeking qualified candidates for IMM...
Transocean

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WE UNLOCK POTENTIAL. Our mission is to unlock the world’s natural resources from the deepest parts of the ocean. We know it takes a team of driven,...

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Offshore Middle East Conference & Exhibition

January 26, 2015
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