May's top stories: Rosetta Resources sold for $3.9bn, Total JV starts production

US Department of Energy (DoE) issued final authorisation to Cheniere Energy for the export of liquefied natural gas from its Corpus Christi Liquefaction Project in Texas. Noble Energy agreed to acquire Rosetta Resources for $3.9bn, Terneftegas, a joint venture between Russia based Novatek and French company Total began gas and condensate production at Termokarstovoye onshore field in northern Siberia, Russia. Hydrocarbons Technology wraps up the key headlines from May 2015.


Sakhalin

US DoE grants export authorisation for Corpus Christi Liquefaction Project

US Department of Energy (DoE) issued final authorisation to Cheniere Energy for the export of Liquefied Natural Gas from its Corpus Christi Liquefaction Project in Texas.

The authorisation allows export of LNG from domestic reserves to countries, which have not signed a Free Trade Agreement (FTA) with the US.

The project will now be able to export up to 2.1 billion cubic feet per day (Bcf/d) of natural gas from the site for next 20 years.

Noble Energy to buy Rosetta Resources in $3.9bn transaction

Noble Energy agreed to acquire Rosetta Resources in a $3.9bn deal including debt which will allow allow it to enter into the Eagle Ford and Permian resources.

Under the deal, Noble Energy pay Rosetta $2.1bn and assume its net debt of $1.8bn.

Rosetta acquires and develops onshore unconventional resource plays in the US. The company's asset base includes about 50,000 acres in the Eagle Ford Shale and 56,000 acres in the Permian basin.

Noble Energy has found more than 1,800 horizontal drilling locations for development, providing net unrisked resource potential of around one billion barrels of oil equivalent.

Woodside to use IBM Watson supercomputer to streamline data for decision making

Woodside

Australian oil and gas firm Woodside has signed a deal with IBM to use its Watson supercomputer for improving decision making and efficiencies using data science.

IBM Watson is a cognitive computing system, which will be trained by Woodside engineers to help users gather insight from large volumes of unstructured and historical data contained in project reports in seconds.

It will allow Woodside employees to get the evidence-based insights from large volumes of unstructured and historical data contained in project reports.

California announces emergency in Santa Barbara following oil spill

California has announced a state of emergency in Santa Barbara County following an oil spill near Refugio State Beach that spilled almost 21,000 gallons (79,000 liters) of oil into the ocean.

Operated by Houston-based Plains All American Pipeline, the pipeline ruptured spilling the oil near Refugio State Beach.

California Governor Edmund G. Brown Jr said: "This emergency proclamation cuts red tape and helps the state quickly mobilise all available resources.

Duke Energy acquires stake in $3bn Sabal Trail natural gas pipeline in US

Duke Energy

US-based power utility Duke Energy acquired a 7.5% stake in the $3bn Sabal Trail natural gas pipeline that passes through the Alabama, Georgia and Florida.

The utility intends to invest $225m for the stake in the underground pipeline over the next seven years and 90% of which will be spent in the coming three years.

Extending over 500 miles, the pipeline will start from Tallapoosa County in Alabama to Osceola County in Florida.

Rosneft to consider relocating its LNG plant development from Sakhalin, Russia

Russian energy producer Rosneft is looking to relocate its $15bn liquefied natural gas (LNG) project away from the Pacific Ocean island of Sakhalin after facing continuous delays.

The decision might be prompted by the unavailability of access to a gas pipeline operated by Sakhalin Energy.

Sakhalin Energy is a joint venture formed between Gazprom and Shell.

GE introduces ProSolv Corrosion Inhibitor to protect oil and gas pipelines

General Electric has launched ProSolv Corrosion Inhibitor which has been developed to protect crude oil and gas pipelines against the corrosive acid gases.

The new inhibitor is a cost effective chemical technology which can offer protection to the pipelines under varied operating conditions including sweet, sour, wet and dry gases.

Prevention of corrosion is expected to bring down the operating and maintenance costs for the pipelines, thereby supporting efficiency of the system.

UGI Energy Services to expand its LNG operations at Marcellus Shale gas formation in US

UGI

Natural gas supplier UGI Energy Services unveiled a plan to construct a liquefied natural gas (LNG) production centre in northern Pennsylvania which will use Marcellus Shale gas in the eastern parts of the US.

UGI Energy Services is a wholly owned subsidiary of US based LPG distribution company UGI Corporation (UGI)

The firm will invest around $60m on the facility, which will be located beside its Manning natural gas compression station in Wyoming County.

Ireland's DCC offers €464m to buy Shell's LPG business in France

Ireland's DCC Energy gave a binding offer of €464m ($529m) to Anglo-Dutch multinational oil and gas firm Royal Dutch Shell (Shell) for acquiring the latter's Butagaz Liquefied Petroleum Gas (LPG) business in France.

Shell has granted exclusivity to the Irish firm for the deal, and is currently in talks with the staff councils of both Butagaz and Shell France, as required under the French law.

The deal is in line with Shell's strategy to exit from LPG business across the globe.

Terneftegas starts production at Termokarstovoye gas field in Siberia

Terneftegas

Terneftegas, a joint venture between Russia based Novatek and French company Total, commenced gas and condensate production at Termokarstovoye onshore field in northern Siberia, Russia.

Situated in the Yamalo Nenets Autonomous District of the Russian Federation, the production site is expected to generate nearly 6.6 million cubic metres of gas and 20,000 barrels of condensate daily.

The site has a combined production capacity of 65,000 barrels of oil equivalent each day.