A Barrel Fulll Archive

08/21/2017 Total is pleased to announce that the Boards of Total and A.P. Møller – Mærsk have both approved the acquisition of 100% of the equity of the E&P company Maersk Oil & Gas A/S (Maersk Oil), a wholly owned subsidiary of A.P. Møller – Mærsk A/S, by Total in a share and debt transaction. Under the agreed terms, A.P. Møller – Maersk will receive a consideration of $4.95 billion in Total shares and Total will assume $2.5 billion of Maersk Oil’s debt. Total will issue to A.P. Møller – Maersk A/S, 97.5 million of shares, based on the average Total share price on the 20 business days prior to August, 21 (signing date) which will represent 3.75% of the enlarged share capital of Total. Underpinning this share based partnership, subject to Total shareholders’ approval, Total has also offered the possibility of a seat on its Board of Directors to A.P. Møller Holding A/S, main shareholder of A.P. Møller – Mærsk. The proposed transaction is subject to the applicable legally r...

Dec. 11, 2019 ONEOK, Inc. (NYSE: OKE) today announced the completion of its Elk Creek Pipeline . Natural gas liquids (NGL) volume is now flowing on the fully completed 900-mile pipeline, which extends from the Williston Basin to ONEOK's existing Mid-Continent NGL facilities in Bushton, Kansas. Elk Creek has the capacity to transport up to 240,000 barrels per day (bpd) of unfractionated NGLs and the capability to be expanded to 400,000 bpd with additional pump facilities. ONEOK expects total Rocky Mountain NGL volume transported on the Elk Creek and Bakken NGL pipelines to reach more than 240,000 bpd by the end of the first quarter 2020. "The completion of Elk Creek provides critical NGL transportation to producers in the highly productive Williston, Powder River and Denver-Julesburg basins," said Terry K. Spencer, ONEOK president and chief executive officer. "Elk Creek, combined with ONEOK's investments in additional natural gas processing infrastructure in the r...

December 5, 2018 Equinor and Faroe Petroleum have agreed a number of transactions in the Norwegian Sea and the North Sea region of the Norwegian Continental Shelf (NCS). These transactions are calibrated as a balanced swap when it comes to value with no cash consideration. “The net effect of our agreement with Faroe is to upgrade Equinor’s portfolio in line with our updated roadmap for the NCS. We are strengthening our operated position in the prolific Njord area, which we believe continues to have considerable upside potential. We remain operator and majority equity holder in Alve which is produced via Norne, another important part of the Norwegian Sea for us. And we are reducing our exposure to non-core and partner-operated assets,” says Siri Espedal Kindem , Equinor’s senior vice president for Operations North. The Njord field was in production from 1997 to 2016. The platform and the storage vessel have been brought to shore for an extensive upgrade. The field is planned to restart ...

10/31/2014 Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that the fully subscribed Sierrita Pipeline has begun service. The approximately 60-mile, 36-inch diameter pipeline provides approximately 200 million cubic feet per day of firm transportation capacity and extends from El Paso Natural Gas’ existing south mainlines near Tucson, Arizona, to the U.S.-Mexico border near Sasabe, Arizona. The Sierrita Pipeline interconnects via a new international border crossing with a new natural gas pipeline in Mexico. It will help Mexico meet its environmental goals of converting existing fuel-oil-fired power generation plants to efficient, clean burning natural gas and provide natural gas for future power plants. The project was built in partnership with MGI Enterprises US LLC, a wholly owned affiliate of Pemex Gas y Petroquímica Básica, a subsidiary of Petróleos Mexicanos, the Mexican state-owned oil and gas company, and MIT Pipeline Investment Americas, Inc., a subsidiary of M...

May 3, 2017 Energy Transfer Partners, L.P. (NYSE: ETP) announced today that two natural gas pipelines in West Texas, the Trans-Pecos Pipeline and the Comanche Trail Pipeline , and the Trans-Pecos Pipeline WAHA Header (WAHA Header) are in service. Both pipelines and the WAHA Header are owned by affiliates of ETP, Carso Energy Corp. and MasTec, Inc. as part of long-term agreements with the Comisión Federal de Electricidad, Mexico’s federal electricity commission, to transport natural gas from the Waha Hub in Pecos County, Texas to the Texas-Mexico border. The Comanche Trail Pipeline and the WAHA Header went into service as scheduled on January 30, 2017. The 42-inch intrastate pipeline traverses 195 miles through Pecos, Reeves, Culberson, Hudspeth, and El Paso counties to the Texas-Mexico border in San Elizario, Texas, just south of El Paso, Texas. The Comanche Trail Pipeline is designed to transport 1.1 billion cubic feet per day of natural gas and presently includes seven delivery taps...

March 18, 2021 INEOS E&P AS, which is a part of INEOS Energy, has today announced that it has entered into an agreement to acquire the subsidiary HESS Denmark ApS. for a total consideration of $150 million, effective January 1st 2021. This is the first deal to be announced following the formation of the new INEOS Energy business, which incorporates INEOS’ Oil and Gas business. As part of the deal INEOS will acquire 61.5% of the Syd Arne oil field , currently operated by HESS, which complements the 36.8% share INEOS already holds in the field. INEOS will also acquire 4.8% of the Solsort field , which is already operated by INEOS. The HESS business in Denmark consists of operated assets focused on the production of oil. Approximately 60 people will transfer to INEOS on completion of the deal, which is expected in the third quarter of this year, subject to government approval. INEOS currently operates the Siri field area in Denmark. By becoming the Operator of Syd Arne INEOS expects t...

May 24, 2017 INEOS today announced that it has agreed to acquire the Dong Oil & Gas Business from DONG Energy A/S for an unconditional payment of $1.05bn, plus a contingent payment of USD 150 million related to the Fredericia stabilisation plant and a contingent payment of up to USD 100 million subject to the development of the Rosebank field. In acquiring the entire DONG Oil & Gas Business, the deal positions INEOS as a top ten company in the North Sea and the biggest privately owned exploration and production business operating in this energy basin. DONG Energy’s Oil & Gas business brings with it a good mix of long life and development fields, producing an average of 100,000 boepd (in 2016) in the North Sea, with around 570 million boe of commercial and potential oil and gas reserves in Denmark, Norway and the UK (West of Shetland). Jim Ratcliffe, INEOS chairman says,”DONG Energy's Oil & Gas Business is a natural fit for INEOS as we continue to expand our Upstream...

01/12/2014 Total ABK celebrated its 40th anniversary with a Gala dinner celebration at the Emirates Palace on November 25, 2014. With a huge turnout of over 600 guests including our external VIP’s and Total staff, the evening started off with a Photo exhibition storyline of Total ABK history for the guests to enjoy at the cocktail reception. The program kicked off with the UAE National Anthem, followed by the ‘Surprise of the Night’: a 3D mapping covering the great story of TABK from “Pearl to Oil” which was indeed spectacular. The speech by Hatem Nuseibeh, President Total EP UAE and Group Representative in the UAE, was a true testimony to the employees of the past and the present, emphasizing “the future is yours, take it.” He then added, “Total staff was the biggest asset to making Total ABK’s 40 years into a success story.” Amer Al Shaikh Ali, CEO, Total Abu Al Bukhoosh, said that in 1974, when the expectancy of the ABK field was not more than 20 years, through excellence in HSE an...

October 21, 2019 Oil from the giant Johan Sverdrup field in the North Sea has arrived at the Mongstad plant north of Bergen. The event is being celebrated at the plant today. “This is a great day for Equinor and the Johan Sverdrup partnership, consisting of Lundin Norway, Petoro, Aker BP and Total. First oil to Mongstad only a few days after production start confirms that the field is producing well. This day also marks the start of a new phase as we prepare to bring Johan Sverdrup oil to the international market,” says Irene Rummelhoff, executive vice president for Marketing, Midstream & Processing (MMP) in Equinor. Oil is piped from the North Sea Johan Sverdrup field, a distance of 283 kilometres. At the Mongstad complex the oil is stored in caverns and prepared for shipping to markets all over the world. The first cargo is expected to leave for customers in Asia this week, and contains one million barrels with a market value of around USD 60 million, or more than half a billion...

Borouge, a leading petrochemical company providing innovative, value-creating polyolefin solutions, announced today the award of the Engineering, Procurement and Construction (EPC) contracts for the world-scale fourth expansion of its manufacturing complex in AL Ruways, Abu Dhabi (“ Borouge 4 ”). ADNOC and Borealis AG recently signed a strategic partnership that confirms a $6.2 billion (AED22 billion) investment agreement to build Borouge 4. The EPC award underscores Borouge’s drive to unlock opportunities in polyolefin manufacturing, enable industrial growth, and maximise the value of every barrel produced in the Emirate of Abu Dhabi. With this expansion, Borouge will become the world’s largest single-site polyolefin complex. The facility will also enable the next phase of growth at the AL Ruways Industrial Complex by supplying feedstock to the TA’ZIZ Industrial Chemicals Zone. Borouge undertook a front-end engineering design (FEED) and a competitive tender process; as part of the pro...

April 7, 2021 Technip Energies (PARIS:TE) has been awarded a significant Engineering, Procurement, Construction and Commissioning (EPCC) contract by Indian Oil Corporation Limited (IOCL) for its BR9 Expansion Project in Barauni , Bihar, in the Eastern part of India. This EPCC contract covers the installation of a new Once-through Hydrocracker Unit (OHCU) of 1 million metric tonnes per annum (MMTPA) capacity, a Fuel Gas Treatment Unit (FGTU) and the associated facilities. The OHCU, in combination with downstream refinery units, will enable production of BS VI Grade fuels – similar to Euro VI Grade fuels – and petrochemicals. Bhaskar Patel, Senior Vice President India Business Unit at Technip Energies commented: “We are very pleased to have been awarded this contract by Indian Oil Corporation Limited. This award demonstrates our long-term commitment in India and substantially consolidates our positioning in High Operating Pressure projects. It also strengthens our position as a leading p...