Deals this week: Texegy, Mosman Oil and Gas, Jemena

Texegy has entered an agreement to farm out a portion of its Austin Chalk minerals to Equinor Louisiana Properties.

Equinor will take over the operatorship of the leased portion of the assets located in the Burr Ferry field in Vernon Parish, Louisiana, US, under the agreement.

Texegy is a US-based oil and gas company, while Equinor Louisiana Partners is a wholly owned subsidiary of Norwegian energy company Equinor.

Mosman Oil and Gas, in a strategic alliance with Baja Oil and Gas, has agreed to purchase two properties located in East Texas.

Mosman will purchase a 60% working interest (WI) in the Champion project, which covers an area of 240 acres and 16% WI in the Challenger project, which covers 352 acres, for $108,000 and $43,500 respectively.

Baja will retain the remaining 40% stake and the operatorship in the Champion project.

Mosman will also hold a 50% stake in all the new and ongoing projects of Baja. Both the companies will invest in the development of the existing projects and explore future investment opportunities in Texas.

Based in the US, Baja Oil & Gas is engaged in the development of conventional oil and gas resources, while Mosman Oil and Gas Limited is an Australian exploration, development and production company.

Jemena has entered a contract agreement with Santos to transport eight terajoules (TJ) of gas a day through the Northern Gas Pipeline (NGP).

The NGP is a 622km-long pipeline that connects Tennant Creek in the Northern Territory and Mount Isa in Queensland, Australia.

The gas shipped through the NGP will be utilised for local mining and mineral processing operations in the Mount Isa region.

Jemena is an energy infrastructure company, while Santos is an independent oil and gas producer. Both companies are based in Australia.

Hyundai Heavy Industries has won a contract from Steelhead LNG and Huu-ay-aht First Nations to carry out the front-end engineering and design (FEED) studies on two At-Shore LNG hulls proposed for the Kwispaa LNG project.

Kwispaa LNG project is a proposed export facility being developed at Sarita Bay on land owned by Huu-ay-aht First Nations on the western coast of Vancouver Island, Canada.

Each of the At-Shore LNG hulls will be 340m-long and 60m-wide. It will comprise five individual tanks with a total capacity of approximately 280,000m³. The hulls will be built at a cost of $500m.

Hyundai Heavy Industries is a South Korean shipbuilding firm, while Steelhead LNG is an energy company based in Canada.