A Barrel Fulll Archive

October 03, 2019 Holly Energy Partners, L.P. (NYSE:HEP) (“HEP”) and Plains All American Pipeline (NYSE: PAA) (“Plains”) today announced the formation of a 50/50 joint venture, Cushing Connect Pipeline & Terminal LLC (the “Joint Venture”), for (i) the development and construction of a new 160,000 barrel per day common carrier crude oil pipeline (the “Pipeline”) that will connect the Cushing, Oklahoma crude oil hub to the Tulsa, Oklahoma refining complex owned by a subsidiary of HollyFrontier Corporation (NYSE: HFC) and (ii) the ownership and operation of 1.5 million barrels of crude oil storage in Cushing, Oklahoma (the “JV Terminal”). The JV Terminal is expected to be in service during the second quarter of 2020, and the Pipeline is expected to be in service during the first quarter of 2021. Long-term commercial agreements have been entered into to support the Joint Venture assets. The Joint Venture will contract with an affiliate of HEP to manage the construction and operation of...

October 5, 2021 EPIC Y-Grade, LP (“EPIC” or “the Company”) is pleased to announce the completion of its 165-mile pipeline from the EPIC Robstown, Texas, fractionation complex, to the Sweeny fractionation and storage complex, which includes Phillips 66 and Chevron Phillips Chemical. The Company is strategically advantaged with connectivity to both the Corpus Christi and Sweeny, Texas, markets. EPIC can transport and fractionate NGL volumes in both locations as well as access its storage position in Sweeny for both Y-Grade and purity products. The Company has also placed in service a 175-mile propane pipeline for delivery and sale of product in Sweeny, Texas. EPIC has continued to expand its long-term relationship with the downstream market through a recently completed ethane pipeline connecting to Gulf Coast Growth Ventures, an ExxonMobil and SABIC joint venture. This facility, which just announced mechanical completion, will include a 1.8 million metric ton ethane steam cracker. E...

February 26, 2020 EPIC Crude Holdings, LP (“EPIC” or “the Company”) today announced the successful commissioning of its 30” permanent crude oil pipeline (the “Crude Oil Pipeline”). The Company is now making all crude oil deliveries out of the Crude Oil Pipeline and has ceased interim service deliveries from the 24” EPIC Y-Grade pipeline. The 30” Crude Oil Pipeline extends from EPIC’s Crane terminal to Robstown, TX, with an initial capacity of approximately 600,000 barrels of oil per day and is expected to be in full service on April 1, 2020. The pipeline currently has 2.3 million barrels of operational storage and will increase to a total of 5.4 million by April 1st. Remaining construction of the project is primarily focused on installing an additional 2.1 million barrels of operational storage, bringing total storage to 7.5 million barrels, as well as completing the East Dock that is expected to be operational in the second half of 2020 adding the capability of loading Suezmax vesse...

Dec. 15, 2022 Dallas-based Energy Transfer LP (NYSE: ET) today announced its subsidiary, Gulf Run Transmission LLC has received FERC approval to place the Gulf Run pipeline in service delivering domestically produced natural gas from key U.S. producing regions to meet the rapidly growing demand along the Gulf Coast and international markets. The newly constructed 135-mile, 42-inch natural gas pipeline in Louisiana has a capacity of 1.65 Bcf/day, with potential growth opportunities. Gulf Run receives natural gas from Energy Transfer’s extensive intrastate and interstate pipeline network, including production directly from the Haynesville Shale. Volumes originating from all the major natural gas basins in the U.S. have access to the pipeline, including the Permian Basin, the Barnett Shale, the Marcellus and Utica shales, East Texas, the Arkoma and the Anadarko basins. The pipeline consists of two zones. Zone 1 connects the Carthage Hub to the Perryville markets and Zone 2 extends south ...

Jul. 30, 2015 Phillips 66 (NYSE: PSX), Energy Transfer Partners, L.P. (NYSE: ETP) and Sunoco Logistics Partners L.P. (NYSE: SXL) announced that they have formed a joint venture to construct the Bayou Bridge pipeline that will deliver crude oil from the Phillips 66 and Sunoco Logistics terminals in Nederland, Texas, to Lake Charles, Louisiana. The joint venture will also launch an expansion open season for service to the market hub in St. James, Louisiana. Phillips 66 holds a 40 percent interest in the joint venture and Energy Transfer and Sunoco Logistics each hold a 30 percent interest. Sunoco Logistics will be the operator of the system. “The Bayou Bridge pipeline, combined with the storage and logistics capabilities of our Beaumont Terminal, provides enhanced opportunities to deliver North American heavy and light crudes into the Louisiana market that is heavily dependent today on marine and rail delivery of crude oil,” said Greg Garland, chairman and CEO of Phillips 66. “The pipel...

May 15, 2017 Energy Transfer Partners, L.P. (NYSE: ETP) (“ETP” or the “Partnership”) today announced that Permian Express Terminal LLC and Permian Express Partners LLC will commence a binding Open Season for Permian Express 3. The project is being developed to deliver crude oil from the Permian Basin to multiple markets. Permian Express 3 is initially expected to provide transportation of up to 100,000 barrels per day, with service commencing in the fourth quarter of 2017. Additional committed service opportunities are expected to be offered in future open seasons that will provide for an estimated total capacity of up to 300,000 barrels per day. The initial phase of the project will provide Midland Basin producers new crude oil takeaway capacity from this rapidly growing area to the Nederland, Texas, market. Future phases of the project are anticipated to offer crude oil transportation service from the Delaware Basin to multiple markets. The Open Season will commence on May 16, 2017....

Aug. 3, 2022 Enterprise Products Partners L.P. (NYSE: EPD) today announced three organic growth projects to expand its footprint in the Permian Basin to support ongoing production growth in the basin. The projects include the addition of two natural gas processing plants and the expansion of the company’s natural gas liquid (“NGL”) pipeline system. In the Delaware Basin, Enterprise will add a third plant at its Mentone cryogenic natural gas processing plant in Loving County, Texas. The project will increase nameplate capacity at Mentone by 300 million cubic feet per day (“MMcf/d”) and allow Enterprise to extract an incremental 40,000 barrels per day (“BPD”) of NGL. The expansion is supported by long-term capacity agreements and is expected to begin service at the end of the first quarter of 2024. Upon completion, Enterprise will have a total nameplate natural gas processing capacity in the Delaware Basin of 2.2 billion cubic feet per day (“Bcf/d”) and more than 300,000 BPD of NGL extra...

July 31, 2019  Enterprise Products Partners L.P. (NYSE: EPD) and Altus Midstream Company (NASDAQ: ALTM) announced the closing of Altus’ acquisition of a 33 percent equity interest in the Enterprise subsidiary that owns the Shin Oak natural gas liquids (“NGL”) pipeline, effective today. The 658-mile Shin Oak Pipeline transports growing NGL production from multiple basins, including the Permian, to Enterprise’s NGL fractionation and storage complex in Mont Belvieu, Texas. NGLs for the Shin Oak system are sourced primarily from Enterprise’s Orla natural gas processing complex in Reeves County, Texas, as well as Apache Corporation’s Alpine High play, via a long-term NGL sales agreement committing 100 percent of NGLs from that acreage. Supported by long-term customer commitments, the pipeline will ultimately have capacity to transport up to 550,000 barrels per day (“BPD”) of NGLs by the fourth quarter of 2019. “We are very pleased to have Altus as a partner in the Shin Oak Pipeline, wh...

February 28, 2019 Enterprise Products Partners L.P. (NYSE: EPD) today announced that its Shin Oak natural gas liquids (“NGL”) mainline is now in service from Orla, Texas in Reeves County to its NGL fractionation and storage complex at the Mont Belvieu hub. The 24-inch diameter pipeline has an initial capacity of approximately 250,000 barrels per day (“BPD”) and provides takeaway capacity for growing NGL production from multiple basins, including the Permian, where NGL volumes are projected to nearly double within the next three years. Completion of the related 20-inch diameter Waha lateral is scheduled for the second quarter of 2019. Supported by long-term customer commitments, the Shin Oak project will ultimately provide up to 550,000 BPD of capacity, which is expected to be available in the fourth quarter of 2019. “The Shin Oak Pipeline represents another important addition to our expanding network of integrated midstream assets in the Permian Basin,” said A.J. “Jim” Teague, chief e...

Apr. 10, 2017 Enterprise Products Partners L.P. (NYSE:EPD) today announced the construction of a new 571-mile pipeline to transport growing volumes of natural gas liquids (“NGL”) from the Permian Basin to Enterprise’s NGL fractionation and storage complex in Mont Belvieu, Texas. The Shin Oak NGL pipeline will originate at Enterprise’s Hobbs NGL fractionation and storage facility in Gaines County, Texas. The 24-inch diameter pipeline will have an initial design capacity of 250,000 barrels per day (“BPD”), expandable to 600,000 BPD. This project is supported by long-term customer commitments and is expected to be in service in the second quarter of 2019. In addition to mixed NGL supplies aggregated at the Hobbs facility, the Shin Oak pipeline will provide takeaway capacity for mixed NGLs extracted at natural gas processing plants in the Permian region, including two Enterprise facilities that began service in 2016 and the Orla I plant that is scheduled to begin operations in the second...

May 2, 2022 MPLX LP (NYSE: MPLX), WhiteWater Midstream, and a joint venture between Stonepeak Infrastructure Partners and West Texas Gas, Inc. have reached a final investment decision to move forward with the expansion of the Whistler Pipeline after having secured sufficient firm transportation agreements with shippers. The Whistler Pipeline expansion will increase the mainline capacity from 2 billion cubic feet per day (Bcf/d) to 2.5 Bcf/d through the planned installation of three new compressor stations. The expansion is expected to be in service in September 2023. "The decision to move forward with this expansion project after securing sufficient commitments from shippers demonstrates our disciplined approach to investing," said Timothy J. Aydt, MPLX executive vice president and chief commercial officer. "Whistler has demonstrated its ability to provide reliable and cost-efficient residue gas transportation out of the Permian Basin, which is vital to our growing gas ...

Aug. 21, 2017 Marathon Pipe Line LLC (MPL) assumed operatorship of the Ozark pipeline system . MPLX Ozark Pipe Line LLC is the owner of the 433-mile, 22-inch crude oil pipeline system that transports approximately 230,000 barrels of crude oil per day from Cushing, Oklahoma, to Wood River, Illinois. With the addition of the states of Oklahoma and Missouri, MPL now operates in 16 states, and has increased its operating mileage to approximately 6,400 miles. The system is currently undergoing an expansion which when completed will increase the line’s capacity to approximately 345,000 barrels per day. “The transition of operatorship on the Ozark pipeline system was truly a team effort involving resources across the enterprise to ensure it was done safely and efficiently,” said Brian Duggan, Business Development Representative. “The many months of planning and the sacrifices of employees to integrate the system into MPL’s operations really paid off.”

Feb. 27, 2017 Enbridge Inc. (TSX:ENB)(NYSE:ENB) (Enbridge) announced the completion today of the previously announced stock-for-stock merger transaction (the Transaction) to acquire all of the outstanding common stock of Spectra Energy Corp (NYSE:SE) (Spectra Energy). Trading in shares of Spectra Energy common stock on the New York Stock Exchange (NYSE) will be suspended effective as of the opening of trading today. In connection with the completion of the merger, the shares of common stock of Spectra Energy will be delisted from the NYSE and will be de-registered under the U.S. Securities Exchange Act of 1934. Common shares of Enbridge will continue to trade on both the NYSE and the Toronto Stock Exchange under the symbol "ENB". Shares of Spectra Energy common stock represented in book-entry, non-certificated form will be automatically exchanged for common shares of Enbridge without any further action on the part of such Spectra Energy shareholders. CST Trust Company, the ex...

April 08, 2022 TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) today launched an open season to solicit binding commitments for crude oil transportation services on the Marketlink Pipeline System with origin in Cushing, OK, and destinations in Port Arthur and Houston, TX. Marketlink is a vital transportation link to the U.S. Gulf Coast designed to meet the needs of our customers by delivering a reliable source of domestic supply from the Cushing hub to the U.S. refining market. Submission of binding bids is required before the open season closes at 12 p.m. MDT on May 9, 2022.

January 12, 2015 In response to ongoing efforts to address the urgent energy needs of the New England and Atlantic Canada region, Portland Natural Gas Transmission System (PNGTS) , TransCanada PipeLines Limited (TCPL) and Iroquois Gas Transmission System , L.P. (IGTS) (the "Partners") announced simultaneous joint open seasons that will be conducted to allow for up to 300,000 dekatherms (Dth) per day of natural gas supply to be transported from the Wright Hub in Wright, NY to premium markets in New England, New Brunswick, and Nova Scotia, at a combined, fixed transportation rate of $1.37/Dth, as early as November 1, 2017. The joint collaboration leverages existing pipeline assets to bring much-needed incremental natural gas supplies to constrained Northeast US and Eastern Canadian markets, thereby dramatically reducing the amount of new infrastructure that needs to be constructed. By utilizing readily expandable, in-the-ground pipeline assets, the Partners are able to minimiz...

Nov. 17, 2014 TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has placed into service the Tamazunchale Pipeline Extension , the most recent natural gas infrastructure project to be completed by TransCanada in Mexico. "The completion of the Tamazunchale Pipeline Extension marks another milestone in our decade-long commitment to building new energy infrastructure in Mexico," said Russ Girling, TransCanada's president and chief executive officer. "The successful completion of the extension will bring additional supplies of clean burning natural gas to power electric generation facilities in central Mexico." The new US$600 million pipeline is an extension of the existing Tamazunchale Pipeline that links an LNG terminal and natural gas supplies from the east coast of Mexico and U.S. to key power facilities in Tamazunchale. The extension begins at the end point of the existing Tamazunchale Pipeline in the state of San Luis Potosi and...

Aug. 4, 2022  TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) and the CFE, Mexico’s state-owned electric utility, have agreed to forge a strategic alliance to accelerate the development of natural gas infrastructure in the central and southeast regions of Mexico. TC Energy and the CFE have agreed to consolidate previous TSAs executed between TC Energy’s Mexico-based subsidiary TGNH and the CFE in connection with our natural gas pipeline assets in central Mexico under a single, U.S. dollar-denominated take-or-pay contract that extends through 2055. This new TSA will also govern related new infrastructure projects to be developed in conjunction with the CFE. The alliance consolidates the existing Transportadora de Gas Natural de la Huasteca (TGNH) assets including the Tamazunchale , Tula-Villa de Reyes (TVDR) , and Tuxpan-Tula (TXTL) pipelines, under a single, U.S. dollar-denominated, take-or-pay Transportation Service Agreement (TSA) that extends through 2055. “We...

Nov. 05, 2021  TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that it has approved its WR Project (the Project), a set of projects anticipated to constitute a total capital investment of approximately US$0.8 billion. The Project is designed to increase base system reliability and expand an existing portion of the ANR Pipeline Company (ANR) system to serve markets in the midwestern U.S., while lowering emissions by approximately 30,000 metric tons CO2e (carbon dioxide equivalent) per year – the equivalent to removing more than 6,500 passenger vehicles from the road annually. By expanding its system, ANR will be able to provide up to an incremental 157,000 dekatherms per day of natural gas capacity to local area distribution and electric generation companies in markets that have recently announced significant coal fired and vintage gas generation retirements. ANR has secured long-term firm transportation agreements to meet energy demand in the Midwest, which help...

Sep 16, 2014 Morgan Stanley Infrastructure, the dedicated infrastructure investing platform of Morgan Stanley, announced today an agreement to acquire in stages co-control ownership of Eureka Hunter Holdings , LLC, a natural gas gathering system situated in the Marcellus and Utica shale basins in the Appalachian region of the United States. Upon completion of all stages of the transaction, Morgan Stanley Infrastructure will have co-control governance and economic interest in Eureka Hunter along with Magnum Hunter Resources Corporation (NYSE: MHR), the other co-control owner of Eureka Hunter and one of Eureka Hunter’s anchor customers. Additionally, Morgan Stanley Infrastructure will begin a broader partnership with management at Eureka Hunter and Magnum Hunter aimed at expanding operations, growing the customer base, and securing additional build-out opportunities. The Eureka Hunter gas gathering system uses a network of pipelines to transport dry and wet gas from wellheads to long-h...

July 24, 2023  TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced that it has entered into an agreement to monetize a 40 per cent interest in its Columbia Gas Transmission, LLC (Columbia Gas) and Columbia Gulf Transmission, LLC (Columbia Gulf) systems . Columbia Gas and Columbia Gulf will be held in a new joint venture partnership with Global Infrastructure Partners (GIP). Total proceeds for the transaction are expected to be $5.2 billion (US$3.9 billion) in cash, to be paid at closing, subject to certain customary adjustments. The value of the 40 per cent equity interest implies an enterprise value to a comparable EBITDA multiple of approximately 10.5 times TC Energy’s base 2023 outlook and expected run-rate capital structure for the partnership entity. TC Energy will continue to operate the systems, focusing on maximizing value through safe operations, reliability of service and operational excellence. TC Energy and GIP will jointly invest in annual main...

27th December, 2019  Eni and its partners in Nigeria LNG (NLNG) have taken the final investment decision (FID) for the expansion project of the liquefied natural gas (LNG) plant. This brownfield development, which is expected to start-up in 2024, will increase the annual production capacity to more than 30 million tonnes per year (Mtpa) from the current 22.5 Mtpa. The expansion project will enable to produce an additional 7.6 Mtpa of LNG, of which 4.2 coming from one new liquefaction train (Train 7), and 3.4 coming from the debottlenecking of existing trains. NLNG is a world class 6-train LNG facility, in operation since 1999. In 20 years, the plant has delivered over 4,700 LNG cargoes around the world. With this expansion, it will become one the world’s most important LNG gas hub, and it will allow partners to further leverage Nigeria’s abundant associated gas resources. Eni is a founding partner of NLNG and holds a 10.4% share. Other partners are NNPC (49%), Shell (25.6%), and T...

March 17, 2021 Murphy Oil Corporation (NYSE: MUR) announced today that its subsidiary, Murphy Exploration & Production Company – USA, has closed the previously announced transaction with a fund managed by ArcLight Capital Partners, LLC for the sale of Murphy’s entire 50 percent interest in the King’s Quay floating production system (King’s Quay FPS) and associated export lateral pipelines (Associated Laterals) to be located in the Gulf of Mexico. The King’s Quay FPS and Associated Laterals will be co-owned in a joint venture with entities managed by Ridgewood Energy Corporation, including ILX Holdings III, LLC. This transaction reimburses Murphy’s past capital expenditures of approximately $270 million related to the King’s Quay FPS and the Associated Laterals. Murphy intends to use the proceeds to repay borrowings under the $1.6 billion senior unsecured credit facility, with the remainder to be held for general corporate purposes. With the previously announced pending redemption ...

07/26/2022 Subsea 7 selected Vallourec for the tie-back of 7 subsea wells to the King’s Quay semi-sub , located in the Gulf of Mexico and operated by Murphy Exploration & Production Company – USA. The scope included 60km of 6” and 16” flowlines and Steel Catenary Risers (SCRs). The project required heavy wall pipes, with wall thickness over 25mm, and stringent pipe-end tolerances installed by reel-lay method in water depths reaching over 1,000m. In addition to this technical challenge, the project was executed amidst Covid-19 restrictions, requiring reinforced HSE standards. Vallourec’s technical expertise in the manufacturing of seamless pipes and its close proximity to EPCI companies and operators around the world, allows us to offer integrated, innovative, and cost-effective solutions for the most challenging deep-water projects. Vallourec delivered 60km of 6” and 16” flowlines and Steel Catenary Risers (SCRs) to Subsea 7 for the tie-back of 7 wells in the Gulf of Mexico.

03 Mar 2020 Subsea 7 announced the award of a substantial(1) contract by Murphy Exploration and Production Company - USA for the subsea installation services related to the Samurai, Khaleesi, and Mormont developments tying back to the King’s Quay semi-submersible . The King’s Quay host facility is approximately 175 miles south of New Orleans in the Green Canyon area of the Gulf of Mexico. This contract covers the tie back of seven subsea wells to the King’s Quay host facility. The project scope includes engineering, procurement, construction, installation and commissioning of all subsea equipment including PLETs, PLEMs, umbilicals and distribution hardware, production and export flowlines and jumpers, as well as the wet tow in the Gulf of Mexico to the fields and mooring system installation of the semi-submersible FPS. Project management and engineering will commence immediately at Subsea 7’s offices in Houston, Texas. Fabrication of the flowlines and risers will take place at Subsea 7...

April 12, 2022 Murphy Oil Corporation (NYSE: MUR) announced today that it has achieved first oil from the Khaleesi, Mormont and Samurai field development project in the deepwater Gulf of Mexico, as production has begun flowing through the Murphy-operated King’s Quay floating production system (King’s Quay FPS). The project is comprised of the Khaleesi / Mormont fields in Green Canyon blocks 389 and 478, respectively, and the Samurai field, located in Green Canyon Block 432. Completions operations are ongoing for the remaining five wells in the seven-well project. “This has been a strategic project of ours since we acquired the Khaleesi / Mormont assets in mid-2019 and integrated our Samurai discovery into the overall development. Achieving first oil on schedule and within budget, while managing the challenges of the COVID-19 pandemic, illustrates the competitive advantage of our industry-leading offshore execution ability. I am proud of our team’s accomplishments these past three year...

December 11, 2019 Genesis Energy, L.P. (NYSE: GEL) announced today that it has entered in to agreements with Murphy Exploration & Production Company – USA (“Murphy”), a subsidiary of Murphy Oil Corporation (NYSE: MUR), and other interest owners, to provide downstream transportation services for 100% of the crude oil and natural gas production associated with the deepwater Gulf of Mexico Khaleesi / Mormont and Samurai field developments through the new King’s Quay floating production system (“King’s Quay FPS”), owned by Murphy and investment funds managed by Ridgewood Energy Corporation.  The King’s Quay FPS, located in Green Canyon Block 433, will process up to 80,000 barrels per day of oil and up to 100 million cubic feet of gas per day from the Khaleesi / Mormont and Samurai field developments. The Khaleesi and Mormont field developments are located in Green Canyon blocks 345, 389, 390, 434 and 478, and the Samurai development is located in Green Canyon Block 432. The King’s...

Siemens Energy was selected to supply new electric motor driven compressors for Saudi Aramco’s Tanajib Plant facilities . The company received the order from the Spanish engineering and construction company, Técnicas Reunidas, who was awarded the engineering, procurement, and construction (EPC) contract for the Marjan Onshore Packages 9 and 11 project last year.  Siemens Energy will supply a total of 21 compressor trains for the project. They will be used in several gas treatment plant compression services, including high pressure (HP) and high-high pressure (HHP) injection, sales gas, refrigerant, and sour off-gas.  The packaging of the compressor trains will be completed at Siemens Energy’s Dammam facilities in the KSA. Siemens Energy will engage local Saudi suppliers to support localization and technology transfer, helping to grow sustainable jobs for Saudi professionals.  “As with other Saudi Aramco projects, we remained focused on delivering solutions that were tech...

1 September 2022 PETRONAS today signed a Memorandum of Understanding (MoU) with Argentina’s largest integrated oil and gas company, YPF to pursue collaboration in Argentina in an integrated LNG project and other areas, including upstream oil, petrochemicals and clean energy solutions. The MoU was formalised by PETRONAS President and Group Chief Executive Officer, Datuk Tengku Muhammad Taufik and YPF Chairman and President, Pablo Gonzalez. Also present were senior management from PETRONAS and YPF. In addition to the MoU, YPF and PETRONAS’ operating entity in Argentina, PETRONAS E&P Argentina S.A. executed a Joint Study and Development Agreement (JSDA) towards the study and potential development of the Argentina Integrated LNG project which will encompass dedicated upstream gas production, dedicated pipeline and infrastructure development, LNG production as well as marketing and shipping. The Final Investment Decision for the projects will be undertaken after diligent technical and ...

Apr 8, 2015 On 8 April 2015 the Boards of Royal Dutch Shell plc and BG Group plc are pleased to announce that they have reached agreement on the terms of a recommended cash and share offer to be made by Royal Dutch Shell plc for the entire issued and to be issued share capital of BG Group plc BG Group assets include: Armada Oil and Gas Field Atlantic and Cromarty Gas and Condensate Fields Bongkot Gas Field Buzzard Oil Field Erskine Oil and Gas Field Everest Oil and Gas Field Gaupe Oil and Gas Field  Hasdrubal Gas Field Iracema Sul Oil Field Jackdaw Gas Field Jasmine Gas and Condensate Field Judy, Joanne and Jade Gas and Condensate Fields Juno Gas Fields Karachaganak Oil and Gas Field Knarr Oil Field Lapa Oil Field Lomond Oil and Gas Field Lula Oil Field Miskar Gas Field  Panna Oil and Gas Field Sapinhoa-Guara Oil Field Sapphire Gas Field Simian Sienna Gas Field Tuna Gas Field LNG Terminals Atlantic LNG Terminal Dragon LNG Terminal Queensland Curtis LNG Terminal

22 April 2014 BP today announced that it has agreed to sell interests in four BP-operated oilfields on the North Slope of Alaska to Hilcorp. The sale agreement includes all of BP’s interests in the Endicott and Northstar oilfields and a 50 percent interest in each of the Liberty and the Milne Point fields. The sale also includes BP’s interests in the oil and gas pipelines associated with these fields. “This agreement will help build a more competitive and sustainable business for BP in Alaska” said BP Upstream Chief Executive Lamar McKay. “It will allow us to play to two of our great strengths, managing giant fields and gas value chains. We will now concentrate on continuing development and production from the giant Prudhoe Bay field and working to advance the future opportunity of Alaska LNG.“ The agreement does not affect BP’s position as operator and co-owner of the Prudhoe Bay oilfield nor its other interests in Alaska. BP also expects to submit a development plan for Liberty by...

1 July 2020 Today bp completed the sale of its upstream Alaska business to Hilcorp and operations of the Prudhoe Bay oil field transferred to Hilcorp at midnight. The upstream assets comprise the vast majority of the deal value. In August 2019 bp announced it would exit Alaska, selling its business to Hilcorp for a total consideration of $5.6 billion. The sale includes bp’s entire upstream and midstream business in the state, including BP Exploration (Alaska) Inc., which owns all of bp’s upstream oil and gas interests in Alaska, and BP Pipelines (Alaska) Inc.’s interest in the Trans Alaska Pipeline System (TAPS). bp and Hilcorp continue to work with regulators to complete the midstream sale, including transferring bp’s interest in TAPS. William Lin, executive vice president, regions, cities & solutions, said: “Today marks a new era for Prudhoe Bay. It is a world-class field and Hilcorp is well-positioned to take it into the future and maximize value for the State of Alaska. We wis...

June 27, 2019 W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) announced today that it has entered into a purchase and sale agreement with ExxonMobil Corporation ("ExxonMobil") to acquire their interests in and operatorship of oil and gas producing properties in the eastern region of the Gulf of Mexico (“GOM”), offshore Alabama, and related onshore processing facilities for $200 million. Key highlights of the transaction are as follows: Includes working interests in nine GOM offshore producing fields and an onshore treating facility that are immediately adjacent to existing properties owned and operated by W&T Allows for significant synergies, consolidations and cost savings as W&T will become the largest operator in the area Adds net proved reserves of 74 million barrels of oil equivalent (“Boe”) of which 99% are proved developed producing and 22% are liquids as of the effective date Potential to add incremental reserves with little or no capital by co...

Dec. 12, 2019  W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) announced today that it has completed an oil-weighted producing property acquisition from ConocoPhillips which is comprised of a 75% working interest in and operatorship of the Magnolia Field in the central region of the deepwater Gulf of Mexico (“GOM”), offshore Louisiana, at Garden Banks blocks 783 and 784 for $20.0 million, and the assumption of all abandonment obligations associated with the properties, as of the effective date of October 1, 2019, subject to normal and customary adjustments. Key highlights of the transaction include:Adds net proved reserves of 4.1 million barrels of oil equivalent (“Boe”) of which 73% are proved developed producing and 67% are oil and 5% natural gas liquids (“NGLs”) as of the effective date of October 1, 2019; Increases W&T’s deepwater acreage by 11,500 gross acres (8,600 net acres); Produced approximately 2,300 net Boe per day (82% oil) to ConocoPhillips’ i...

July 1, 2019  Marathon Oil Corporation (NYSE: MRO) announced today the company has closed on the sale of its U.K. business, which consists of the Brae area fields and Foinaven , to RockRose Energy PLC. The transaction represents a complete country exit for Marathon Oil. Final terms of the transaction resulted in consideration payable to a subsidiary of Marathon Oil of approximately $95 million, which reflects the assumption by the buyer of the U.K. business' working capital and cash equivalent balances of approximately $345 million on Dec. 31, 2018. The transaction has an effective date of Jan. 1, 2019. At year-end 2018, the Company carried 21.4 million oil equivalent barrels of proved reserves in the U.K., and 2018 production averaged approximately 13,000 barrels of oil equivalent per day.

03/02/2018 Total has acquired Marathon Oil Libya Limited which holds a 16,33% stake in the Waha Concessions in Libya. This acquisition will give Total access to reserves and resources in excess of 500 million barrels of oil equivalent, with immediate production of around 50.000 barrels of oil equivalent per day (boe/d) and a significant exploration potential across the area of 53.000 square kilometers covered by the Concessions in the prolific Sirte Basin. The consideration payment for the transaction is 450 million U.S. dollars. “This acquisition is in line with Total’s strategy to reinforce its portfolio with high quality and low-technical cost assets whilst bolstering our historic strength in the Middle East and North Africa region,” said Patrick Pouyanné, Chairman and CEO of Total. “It builds on the Group’s long-term presence in Libya, a country with very large oil and gas resources, and demonstrates our commitment to continue supporting the recovering oil and gas industry of the...

July 14, 2016  Marathon Oil Corporation (NYSE: MRO) announced today that it has achieved first gas production through its new Alba B3 offshore compression platform off Equatorial Guinea. Production from the B3 platform allows Marathon Oil to convert approximately 130 million barrels of oil equivalent of proved undeveloped reserves, more than doubling the Company's remaining proved developed reserve base in EG. "The Alba B3 compression project will allow us to maintain plateau production for the next two years, mitigating base decline, while extending the Alba Field 's life by up to eight years," said Mitch Little, Vice President—Conventional. "I want to highlight that the platform was completed on time and within budget, reflecting strong project management and a close collaboration with the operations team in EG. My congratulations go out to our employees and our international and Equatoguinean business partners who made this success possible." Execution...

Sept. 22, 2022  Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the execution of definitive agreements to acquire EnVen Energy Corporation ("EnVen"), a private operator in the deepwater U.S. Gulf of Mexico, for $1.1 billion1. The strategic transaction expands Talos's Gulf of Mexico operations with high margin, oil-weighted assets, is accretive to Talos shareholders on 2023E Free Cash Flow per Share2 and is immediately de-leveraging. Consideration for the transaction consists of 43.8 million Talos shares and $212.5 million in cash, plus the assumption of EnVen's net debt upon closing, currently estimated at approximately $50.0 million at year-end 2022. Following the transaction, Talos shareholders will own approximately 66% of the pro forma company and EnVen's equity holders will own the remaining 34%. The transaction has been unanimously approved by each company's Board of Directors. Closing is expected by year end...

Nov. 09, 2015 Marathon Oil Corporation (NYSE: MRO) announced today that the Company has signed an agreement for the sale of its operated producing properties in the greater Ewing Bank area and non-operated producing interests in the Petronius and Neptune fields in the Gulf of Mexico for $205 million. The buyer (EnVen) will assume all future abandonment obligations for the acquired assets. These assets represent a majority of the Company's operated and non-operated producing properties in the Gulf of Mexico. The effective date of the transaction is Jan. 1, 2015. Closing is expected before year end. Marathon Oil will retain its interests in certain other producing assets and acreage in the Gulf of Mexico, as well as its interests in the Gunflint development and Shenandoah discovery.

May 24, 2021  EnVen Energy Corporation announced today that it closed a transaction to acquire 35% ownership interest in the Neptune field from BHP Billiton Petroleum (Deepwater) Inc. ("BHP") through its affiliate, EnVen Energy Ventures, LLC ("EnVen"). EnVen will increase its ownership interest in the Neptune field from 30% to 65% and assume the role of operator after regulatory approvals. With a strategic deepwater infrastructure portfolio and an expansive inventory of quality subsea tieback projects, EnVen is committed to the deepwater Gulf of Mexico. This acquisition aligns with EnVen's strategy to own and operate infrastructure with steady production and nearby exploration prospects. The Company possesses a material leasehold position comprised of 85 leases with 44 primary term leases and 41 leases held by production. EnVen was the second highest acquirer of acreage in the most recent federal lease sale. "We are excited to acquire Neptune which is cons...

May 20, 2014 W&T Offshore, Inc. (NYSE: WTI) announced today that its wholly owned subsidiary, W & T Energy VI, LLC ("Energy VI"), has completed the acquisition of exploration and production properties in the deepwater of the Gulf of Mexico from Woodside Energy (USA) Inc. The transaction includes a 20% non-operated working interest in the producing Neptune Field (Atwater Valley blocks 574, 575 and 618 along with an interest in the associated tension leg platform). In addition, Energy VI is acquiring all of Woodside's interest in 24 deepwater exploration blocks. The purchase price is $51 million (subject to customary post-effective date adjustments) and the assumption of any related asset retirement obligations. The acquisition was funded from available cash on hand and the revolving credit facility. Total net proved reserves acquired are 1.9 million barrels of oil equivalent (100% classified as proved developed) with a PV-10 of $53 million and probable net res...

4 February 2020 BP, as operator and on behalf of co-venturer Shell, today announced encouraging early production from the Alligin field in the west of Shetland region, offshore UK. Alligin forms part of the Greater Schiehallion Area and has been developed as a two-well subsea tieback into the existing Schiehallion and Loyal subsea infrastructure and the Glen Lyon floating, production, storage, offload (FPSO) vessel. It is a 20 million barrels of oil equivalent field, which was originally forecast to produce 12,000 barrels gross of oil equivalent a day at peak. The project’s performance has been better than expected, however, reaching 15,000 barrels gross of oil equivalent a day at peak since start-up in late December. The development has included new subsea infrastructure, consisting of gas lift and water injection pipeline systems, and a new controls umbilical. BP North Sea regional president Ariel Flores said: “Achieving first oil from the Alligin field safely, under budget and ahea...

Serica Energy plc (AIM:SQZ, "Serica", the "Company" or the "Group") is pleased to announce that it has entered into an agreement to acquire the entire issued share capital of Tailwind Energy Investments Ltd ("Tailwind") from Tailwind Energy Holdings LLP (the "Seller") (the "Transaction"). The consideration for the acquisition comprises: • The issue of up to1 111,048,124 new ordinary shares in Serica (the "Consideration Shares"). Following the issue of the Consideration Shares, they will represent up to 28.9 per cent of Serica’s enlarged issued share capital • A cash payment on Completion of £58.7 million (the "Cash Consideration") On the basis of the Serica closing price as of 19 December 2022 of 278 pence per share this would be equivalent to £367 million. Serica will also be taking on Tailwind’s net debt, which as at 30 November 2022 was c.£277 million2 . As part of the Transaction, Mercuria, the largest...