Oil & gas news

Technip has won a contract worth € 245 million for the development for the Wheatstone and Iago fields, which will provide gas for the Wheatstone LNG project.

China National Offshore Oil Corp. has signed a production sharing agreement (PSC) with the Italian company Eni China B.V.

Tsakos Energy Navigation Limited (TEN) has ordered a state-of –the –art LNG carrier for delivery Q1 2015 from a major South Korean yard. The vessel is of the new tri-fuel design enabling the ship to run on fuel oil, marine diesel/gas oil and natural gas offering attractive alternatives to charterers.

BHP Billiton has announced the closure of the Norwich Park metallurgical coal mine, part of its BMA joint venture with Mitsubishi Corp., after a seven week review of the mine’s viability.

South Sudanese troops appear to have captured the town of Heglig and the surrounding oilfield from its northern neighbour. Sudan has vowed to use “all legitimate means” to return the town to its possession.

Kosmos Energy has signed three Production Sharing Contracts (PSCs) with the Government of Mauritania for Blocks C8, C12, and C13 offshore Mauritania.

PGNiG has started drilling a borehole in the Tomaszów Lubelski licence area in the Province of Lublin to determine the volume of shale gas in the deposits.

Karoon Gas Australia Ltd. has begun its Phase-2 Browse drilling campaign by spudding the Boreas-1 well. Five more wells will be drilled as part of the programme.

The ongoing leak at Total’s UK North Sea Elgin rig is costing the French company US$ 2.5 million per day.

Anadarko has discovered 525 feet of natural gas pay at the Barquentine-4 well, further expanding the resources available for a potential LNG export hub in the area.