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Foster Wheeler, SOCAR to Form Joint Venture in Azerbaijan Tuesday, July 19, 2011 Foster Wheeler has signed a memorandum of understanding with the State Oil Company of Azerbaijan Republic (SOCAR) to form a joint venture. The companies will prepare a joint action plan for...

ERHC Signs PSC for Chad Oil Blocks Monday, July 11, 2011 ERHC Energy has signed a production sharing contract on three oil blocks near the Doba Basin oilfield awarded by the Republic of Chad. ERHC owns a 100% interest in the BDS 2008 and Manga...

ETE to Acquire Southern Union for $8.9bn Friday, July 08, 2011 Energy Transfer Equity (ETE) has entered an amended merger agreement to acquire Southern Union for $8.9bn, including $5.1bn in cash and ETE common units. ETE secured $3.3bn from Credit...

Falcon Signs Beetaloo Deal with Hess Australia Wednesday, May 04, 2011 Falcon Oil & Gas Australia, a subsidiary of Falcon Oil & Gas, has signed a participation agreement with Hess Australia to acquire an interest in onshore exploration permits 76, 98 and...

Chesapeake to Acquire Bronco for $315m Tuesday, April 19, 2011 Chesapeake Energy has entered into a definitive agreement with Bronco Drilling to acquire all the outstanding shares of Bronco, including debt, net working capital and outstanding warrants, for...

Foster Wheeler to Conduct Feasibility Study on Bahrain LPG Facilities Friday, April 15, 2011 Bahrain National Gas Company has awarded a contract to Foster Wheeler to conduct a feasibility study for its liquefied petroleum gas projects, which are set for expansion. The expansion...

Transerv Begins Drilling Warro Gas Field Thursday, April 14, 2011 Transerv Energy has commenced drilling the Warro-4 well at the onshore Warro gas field, located 200km north of Perth in the Perth Basin, Australia. The firm expects to drill to an...

Statoil, BP, Sonatrach Sign $1bn EPC Contract with Petrofac Thursday, April 14, 2011 Statoil, BP and Sonatrach have signed a $1.15bn engineering, procurement and construction (EPC) contract with Petrofac International for the execution of the In Salah Southern Fields...

ETC Signs Gas Service Agreement with SM Energy Wednesday, April 13, 2011 ETC Texas Pipeline has entered into long-term gas service agreement with SM Energy to gather, transport and process production of gas from SM Energy's Eagle Ford shale assets in South Texas, US. ...

Beach Energy Completes Holdfast-1 Well Drilling Monday, April 11, 2011 Beach Energy has completed drilling the Holdfast-1 well in the PEL 218 area of Cooper Basin, Australia, and has intersected the target zone at 353m. The firm conducted extensive coring...

Norwest Energy to Conduct Survey of Northern Perth Basin Monday, April 11, 2011 Norwest Energy has received a Special Prospecting Authority (SPA) to conduct an FTG survey in the Northern Perth Basin, West Australia, to assess the hydrocarbon potential of over 21...

Legacy to Acquire Permian Basin Natural Gas Properties Friday, April 08, 2011 Legacy Reserves is to buy Permian Basin natural gas properties for $67m in cash. The assets include 126 wells located in Eddy and Chaves Counties, in New Mexico, US, 100 of which are operated....

TAG Discovers Light Oil, Gas in New Zealand Permits Thursday, April 07, 2011 TAG Oil has discovered light oil and gas in the Sidewinder-3 exploration well at the Petroleum Exploration Permit 38748 at the onshore Taranaki Basin, North Island, New Zealand. ...

Hyundai Receives EPC Contract from OOCEP Monday, April 04, 2011 Hyundai Engineering has received a $480m engineering, procurement and construction (EPC) contract from Oman Oil Company Exploration and Production (OOCEP) for a gas-processing plant in...

Metso Signs Service Contract with Petrobras Friday, April 01, 2011 Metso has signed a service contract with Petrobras to supply spare parts and maintenance services for Metso's valves, actuators and positioners in 11 refineries in Brazil. Under the...

Buckeye to Acquire BP Assets for $225m Thursday, March 24, 2011 Buckeye Partners has made an agreement with BP Products North America to buy some of BP's US fuel storage and pipeline assets for a total cash value of $225m. Under the terms of agreement,...

Yamal LNG Selects CBI for FEED Services Thursday, March 24, 2011 Yamal LNG has selected Chicago Bridge & Iron (CBI) to provide front-end engineering and design (FEED) services for the Yamal LNG project in Russia. The Yamal LNG project involves...

Capstone Turbine Sells Microturbines to Natural Gas Producer Wednesday, March 23, 2011 Capstone Turbine Corporation has sold six C65 microturbines to a natural gas producer. The six new C65s, to be installed in June 2011, will expand the producer's minigrid system in New...

Encana to Acquire Stake in Kitimat LNG Export Terminal Wednesday, March 23, 2011 Encana Corporation will acquire a 30% interest in the planned Kitimat liquefied natural gas (LNG) export terminal and the associated natural gas pipeline on the west coast of central...

South Korea to Develop Oilfields in UAE Friday, March 18, 2011 South Korea has signed a deal with Abu Dhabi to develop oilfields in the United Arab Emirates. According to the deal with Abu Dhabi National Oil Company, Korean National Oil Corp will...

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