February's top stories: Woodside and GE agreed to boost LNG usage, Gippsland Basin gas project development
Woodside and GE agreed to support LNG usage in Western Australia, while APA Group and Cooper Energy signed a deal to develop the Gippsland Basin gas project. Hydrocarbons-technology.com wraps up the key headlines from February.
Woodside signed an agreement with GE Oil and Gas to work together to support the usage of LNG as a fuel source in Western Australia.
The agreement will enable customers with the option of seamless access to reliable LNG fuel supply and gas-fuelled transport and power generation solutions.
APA Group and Cooper Energy signed a non-binding Heads of Agreement to develop the Gippsland Basin gas project as a new source of gas supply to South East Australia.
Under the agreement, both companies agreed to exclusively negotiate APA’s acquisition, upgrade and management of the strategically located Orbost Gas Processing Plant in conjunction with Cooper Energy’s offshore Sole Gas Field development.
ExxonMobil completed its previously announced $2.5bn acquisition of InterOil Corporation.
This deal was approved by the Supreme Court of Yukon of Canada.
Under the transaction, ExxonMobil acquired all outstanding common shares of InterOil. InterOil shareholders have received 0.5459 shares of ExxonMobil for each InterOil common share, in addition to a contingent resource payment.
The acquisition was approved by more than 91% InterOil shareholders at a meeting held this month, reported Petroglobalnews.com.
Inpex Corporation and Lukoil Overseas Iraq Exploration discovered deposits of quality oil through the drilling of an exploration well at the onshore Exploration Block 10 in the Republic of Iraq.
The 5,600km² block is situated approximately 150km west of Basra city in Southern Iraq.
Inpex owns 40% participating interest in the site through its subsidiary Inpex South Iraq.
Abu Dhabi National Oil Company (ADNOC) signed an agreement with the CEFC China Energy Company (CEFC China) to sell the final 4% interest in its onshore oil concession.
CEFC China paid a sign-up bonus of AED3.3bn ($888m) to acquire the 4% stake in the concession, which is operated by the Abu Dhabi Company for Onshore Petroleum Operations (ADCO).
Fluor Corporation was awarded a contract by JGC America (JGC) to provide construction-related support to the front end engineering and design (FEED) services for the Woodfibre Liquefied Natural Gas (LNG) project.
The LNG project is located in the Squamish district near Vancouver in British Columbia, Canada.
JGC is a FEED contractor for this proposed project.
The Messoyakhaneftegaz-developed East Messoyakha field finished producing its millionth tonne of oil.
Messoyakhaneftegaz is a joint venture of Gazprom Neft and Rosneft and achieved this milestone in less than five months since the commencement of oil production in the field, which is currently operated by Gazprom Neft.
Efficient geological and technical activities, as well as advanced methods were implemented for stimulating tight reserves production to achieve the milestone.
The Joint Coordinating Committee (JCC) of Gazprom and China National Petroleum Corporation (CNPC) stated that the project to transport gas from Russia to China through the eastern route is advancing as per the schedule.
The JCC recently held a regular meeting in Beijing, which was attended by JCC co-chairmen Vitaly Markelov, Gazprom management committee deputy chairman of and CNPC vice president Wang Dongjin.
Qatar Petroleum (QP) joined an international consortium comprising major oil companies to develop a liquefied natural gas (LNG) import project in Pakistan, in collaboration with Global Energy Infrastructure Limited (GEIL).
In addition to QP, the consortium includes Total, Mitsubishi, ExxonMobil and Höegh.
The LNG project will have a floating storage and regasification unit (FSRU), a jetty and a connecting pipeline.
Santos submitted the State Significant Development Application and associated Environmental Impact Statement (EIS) for its Narrabri Gas Project to the New South Wales (NSW) Department of Planning and Environment.
The proposed Narrabri Gas Project is located in the north-western part of NSW.
Gas supply from this project will cater up to 50% of NSW gas needs.