A Barrel Fulll Archive

Construction has commenced on the Pluto Train 2 project , a key milestone supporting jobs and economic growth in Western Australia. The Deputy Premier of Western Australia, the Hon. Roger Cook MLA, officially launched construction on the project at a ceremony in Karratha today. Pluto Train 2 will be the second liquefied natural gas train at Woodside Energy’s existing Pluto LNG onshore facility and will process gas from the Scarborough development. The construction site for Pluto Train 2 is within the existing Pluto LNG boundary. The Pluto Train 2 project will deliver significant economic benefits for Western Australia. Woodside, as operator of Pluto Train 2 and Scarborough, has made commitments to the Western Australian Government in its community development plans to support positive and sustainable community outcomes in the Pilbara region. Bechtel will execute the engineering, procurement, and construction of Pluto Train 2, which will have an LNG capacity of approximately 5 million t...

04 Nov 2019 MOL today signed an agreement with Chevron Global Ventures, Ltd and Chevron BTC Pipeline, Ltd to acquire their non-operated E&P and mid-stream interests in Azerbaijan, including a 9.57% stake in the Azeri-Chirag-Gunashli (“ACG”) oil field , and a 8.9% stake in the Baku-Tbilisi-Ceyhan (“BTC”) pipeline . MOL Plc. (“MOL”) hereby notifies the market participants of the following: MOL today signed an agreement with Chevron Global Ventures, Ltd and Chevron BTC Pipeline, Ltd to acquire their non-operated E&P and mid-stream interests in Azerbaijan, including a 9.57% stake in the Azeri-Chirag-Gunashli (“ACG”) oil field, and an effective 8.9% stake in the Baku-Tbilisi-Ceyhan (“BTC”) pipeline that transports the crude to the Mediterranean port of Ceyhan, for total consideration of USD 1.57bn (subject to adjustments at closing) with an effective date of 1 January 2019. Once completed, this transaction will make MOL the third largest field partner in ACG. The supergiant ACG fiel...