A Barrel Fulll Archive

13 January 2016 Premier Oil today announces it has agreed to acquire the whole of E.ON's UK North Sea assets for a net consideration of $120 million plus working capital adjustments. The proposed acquisition, which will be funded from existing cash resources, adds immediate cash generative production, realises tax synergies on Premier's current c.$3.5bn UK tax loss position and is accretive to lending covenants. The assets being acquired are located in the Central North Sea, West of Shetlands and the Southern Gas Basin and add stable UK gas revenues to the portfolio rebalancing Premier's commodity exposure. Tony Durrant, Chief Executive, commented: "We are pleased to have agreed this value accretive deal as we continue to execute our strategy of focusing the portfolio on our core regions. Having recently completed the sale of our Norwegian assets for $120 million, this transaction allows us to further consolidate our interests in the UK North Sea where any acquisition...

29 May 2012 EnQuest PLC today announces an agreement with the Kuwait Foreign Petroleum Exploration Company (‘KUFPEC’), by which EnQuest will farm out a 35% interest in EnQuest’s Alma and Galia oil field developments (‘Alma/Galia’) to KUFPEC. Under the agreement, which is subject to regulatory approvals, KUFPEC is to invest a total of approximately US$500m in cash (around £300m), comprised of up to $182m in future contributions for past costs and a development carry for EnQuest, and of KUFPEC’s direct share of the development costs.  Amjad Bseisu, Chief Executive of EnQuest PLC, said  “EnQuest is pleased to be working with KUFPEC again and to have them as our partner in the Alma/Galia development. With start up planned for late next year, the project team is well advanced in the execution phase and our first Alma well has reached ‘TD’ (total depth) with good results.”  Nizar M. Al-Adsani, Chairman & Managing Director of KUFPEC, said  “In keeping with KUFPEC’s st...

First oil from the Alma/Galia development was achieved on 27 October 2015 following final commissioning of all the required systems.  EnQuest CEO Amjad Bseisu said: “We are pleased to confirm first oil from Alma/Galia. A further summary will be provided in EnQuest’s next operations update. We will continue to open up additional wells, with full production rates expected from early 2016.”  Notes  The Alma/Galia fields are located in blocks 30/24c and 30/25c respectively, 310km southeast of Aberdeen, in the Central North Sea. Production is via the EnQuest Producer Floating Production, Storage and Offloading vessel (‘FPSO’).  At the start of 2015, EnQuest’s 65% working interest in Alma/Galia was estimated to amount to c.26 MMboe of net 2P reserves. EnQuest is the operator of the joint Alma/Galia development.  Alma, formerly the Argyll field, was the first commercially produced oil field in the UKCS and produced oil in the early ‘90s at relatively low water cut us...

July 14, 2016  Par Pacific Holdings, Inc. (NYSE MKT: PARR) ("Par Pacific") announced today that it has successfully completed its acquisition of Hermes Consolidated, LLC (dba Wyoming Refining Company ) for a total consideration of approximately $271.4 million, including the assumption of approximately $58 million of debt (the "Acquisition"). The Acquisition was funded using a combination of net proceeds from the Company's offering of $115 million aggregate principal amount of 5.00% Convertible Senior Notes due 2021 that closed in June 2016, an offering of $52.6 million aggregate principal amount of 2.50% Convertible Subordinated Bridge Notes that closed contemporaneously with the Acquisition (the "Bridge Notes"), a $65 million term loan to a newly established subsidiary of Par Pacific that closed contemporaneously with the Acquisition, and cash on hand. Par Pacific intends to repay the Bridge Notes, or a portion thereof, with proceeds from an anticip...

Nov 01, 2021 Equilon Enterprises LLC d/b/a Shell Oil Products U.S. (Shell), a subsidiary of Royal Dutch Shell plc, has completed the sale of its Puget Sound Refinery near Anacortes , Washington to a subsidiary of HollyFrontier Corporation, an independent refiner headquartered in Texas (HollyFrontier), for $350 million in cash plus the value of the hydrocarbon inventory, subject to customary closing adjustments. The agreement covers the sale of Shell’s Puget Sound Refinery, the on-site cogeneration facility and the associated logistics infrastructure. Shell will retain product offtake agreements to support its existing retail marketing business in the Pacific Northwest. Shell’s off-site logistics assets are excluded from the sale. Notes to editors On May 4, 2021, Shell and HollyFrontier Corporation announced that they had signed a sales agreement for HollyFrontier to acquire Shell’s Puget Sound Refinery near Anacortes, Washington. The value attributed to the hydrocarbon inventory at cl...

August 16, 2023 HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (“HEP” or the “Partnership”) (NYSE: HEP) announced today that they have entered into a definitive merger agreement for HF Sinclair to acquire all of the outstanding common units (“Common Units”) of HEP not owned by HF Sinclair or its affiliates in exchange for a combination of common stock, par value $0.01 per share, of HF Sinclair (“Common Stock”) and cash. The agreement provides for consideration of both stock and cash in which each holder of Common Units would receive a combination of 0.315 shares of Common Stock and $4.00 in cash, without interest, for each publicly held Common Unit (the “Proposed Transaction”). The Proposed Transaction consideration represents an approximate 2% premium to the closing price of HEP’s Common Units as of August 15, 2023. HF Sinclair’s Chief Executive Officer and President, Tim Go, commented, “We are pleased to announce this strategic transaction which ...

Apr. 30, 2012 Energy Transfer Partners, L.P.(NYSE: ETP) and Sunoco, Inc.(NYSE: SUN) today announced that they have entered into a definitive merger agreement whereby ETP will acquire Sunoco in a unit and cash transaction valued at $50.13 per share, or a total consideration of approximately $5.3 billion, based on ETP’s closing price on April 27, 2012. This combination will create one of the largest and most diversified energy partnerships in the country by expanding ETP’s geographic footprint and strengthening its presence in the transportation, terminalling and logistics of crude oil, NGLs and refined products. The merger consideration, which consists of $25 in cash and 0.5245 of an ETP common unit, or approximately 50 percent cash and 50 percent ETP common units, represents a 29 percent premium to the 20-day average closing price of Sunoco shares as of April 27, 2012. By acquiring Sunoco, ETP will also own Sunoco’s general partner interest and the incentive distribution rights (IDRs) ...

27 Feb 2018 PTT Exploration and Production Public Company Limited (PTTEP) announced Mozambique LNG 1 Company Pte. Ltd., the jointly owned sales entity of PTTEP and other partners of Mozambique Rovuma Offshore Area 1 project, has entered into a long-term LNG Sale and Purchase Agreement (SPA) with Électricité de France, S.A. (EDF), an integrated electricity company headquarter in France. The off-take agreement calls for the supply of 1.2 million tonnes per annum (MTPA) for a term of 15 years. “PTTEP endeavors to expedite the development of the Mozambique Rovuma Offshore Area 1 as one of the world’s leading greenfield projects, to increase our petroleum reserves in the future,” said Phongsthorn Thavisin, President for Exploration and Production of PTTEP. The latest collaboration with EDF, one of the world’s largest electric utilities, is another important milestone for the project. In addition, this SPA gives Mozambique LNG flexible access to European market which is one of our key strate...

15 Jun 2018 PTT Exploration and Production Public Company Limited (PTTEP) revealed that Mozambique LNG 1 Company Pte. Ltd., the jointly owned sales entity of PTTEP and other partners of the Mozambique Rovuma Offshore Area 1 project, has signed a Heads of Agreement (HOA) with Tokyo Gas Co., Ltd. (Tokyo Gas) and Centrica LNG Co., Ltd. (Centrica) for the long-term supply of Liquefied Natural Gas (LNG). The co-purchasing off-take agreement calls for the delivered ex-ship supply of 2.6 million tonnes per annum (MTPA). “The off-take agreement of the significant sales volume with both firms marks another important progress of the Mozambique Rovuma Offshore Area 1 project. The conversion of this non-binding commitment into fully termed Sale and Purchase Agreements (SPA) in the future will support the Final Investment Decision (FID) of the project,” said Phongsthorn Thavisin, PTTEP’s President of Exploration and Production. The HOA signing with Tokyo Gas and Centrica takes full advantage of Moz...

July 16, 2018 As part of portfolio rationalization, PTTEP announces the divestment of a 100% stake in the Montara field to align with the company’s business strategy aimed to focus on the operations and projects in the strategic locations. Somporn Vongvuthipornchai, PTTEP Chief Executive Officer, said PTTEP Australasia (Ashmore Cartier) Pty Ltd, PTTEP’s subsidiary, has signed the Agreement for the Sale of Montara Asset to sell a 100% stake in the Montara field to Jadestone Energy (Eagle) Pty Ltd at the purchase value of USD 195 million. However, the value will be adjusted for working capital from the operations until the date of transaction completion expected this year. Apart from the purchase value, PTTEP will have additional contingent consideration amounts of up to USD 160 million depending on certain production, oil price and future development milestones being achieved. Completion of the sale is subject to the conditions as prescribed in the Sale and Purchase Agreement, includin...

August 16, 2016 National Company for Exploration, Production, Transport and Commercialization of Hydrocarbons “SONATRACH” and its partners PTT Exploration and Production Public Company Limited (Thailand) or PTTEP and CNOOC Limited (China) announced the successful completion of a drilling campaign, in the Hassi Bir Rekaiz Permits in Algeria which has been conducted since 2011. The Bou Goufa-2 (BOG-2) in Bou Goufa - Rhourd Ez Zita discovery area which is the last appraisal well of this campaign found crude oil and associated gas flow at a very satisfactory rate after it was drilled to a total depth of 4,064 meters at the end of April 2016. A Drill Stem Test (DST) was conducted and showed flow rates in the Triassic Argilo Greseux Inférieur (TAGI) formations of crude oil flow at an average of approximately 2,406 barrels per day (BPD) and associated gas flow at approximately 2.9 million standard cubic feet per day (MMSCFD). These results confirmed the commercial potential of petroleum in ...

27 Oct 2015 The Bir Seba field in the Algeria 433a & 416b project has started first oil production, underscoring the first production project of PTT Exploration and Production Public Company Limited (PTTEP) in the Africa continent. The Bir Seba field has commenced and already achieved the production volume of approximately 20,000 barrels per day (BPD) corresponding to the nominal capacity of its Central Processing Facilities. PTTEP anticipates the commercial sale of crude oil from the Bir Seba within 2015. Somporn Vongvuthipornchai, President and Chief Executive Officer of PTTEP, said “The first oil production from the Bir Seba field demonstrates the determination and strong collaboration of the joint venture partners consisting of SONATRACH, PTTEP and Petrovietnam to co-develop crude oil production project until it succeeds. Furthermore, the commencement of the first crude oil production also confirms PTTEP’s capability in petroleum exploration, development and production in the ...

26 April 2021 Considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, Total confirms the withdrawal of all Mozambique LNG project personnel from the Afungi site. This situation leads Total, as operator of Mozambique LNG project, to declare force majeure. Total expresses its solidarity with the government and people of Mozambique and wishes that the actions carried out by the government of Mozambique and its regional and international partners will enable the restoration of security and stability in Cabo Delgado province in a sustained manner. Total E&P Mozambique Area 1 Limitada, a wholly owned subsidiary of Total SE, operates Mozambique LNG with a 26.5% participating interest alongside ENH Rovuma Área Um, S.A. (15%), Mitsui E&P Mozambique Area1 Limited (20%), ONGC Videsh Rovuma Limited (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL Ventures Mozambique B.V. (10%), and PTTEP Mozambique Area 1 Limited (8.5%).

17 Aug 2012 Mr. Tevin Vongvanich, the President and CEO of PTT Exploration and Production Public Company Limited or PTTEP, revealed that PTTEP Africa Investment Limited or PTTEP AI, a wholly owned subsidiary of PTTEP successfully acquired the entire shares capital of Cove Energy Plc. The Offer process is declared wholly completed. On August 15, 2012, PTTEP received written consent to the indirect change of control in Cove from the Republic of Mozambique’s Minister of Mineral Resources. This consent was proceeded after PTTEP received valid acceptances from Cove Shareholders 91.37% since July 2012. PTTEP would then request the London Stock Exchange for the cancellation of trading in Cove Shares on the Alternative Investment Market (AIM). Once Cove Shares are delisted, Cove will be re-registered as a private company. Meanwhile, PTTEP will shortly begin the process of compulsorily acquiring the remaining 5.68% of Cove Shares from Cove shareholders who have not yet accepted the Offer. PTTEP...

Jun. 18, 2019 TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a number of subsea contracts by Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, for its Mozambique  Golfinho/Atum development . TechnipFMC was awarded a major(1) Contract for the Engineering, Procurement, Construction and Installation (EPCI) of the subsea hardware system through its wholly owned UAE incorporated subsidiary, Technip Middle East FZCO. TechnipFMC will execute the offshore installation scope with its consortium partner Van Oord, through their wholly owned UAE incorporated subsidiary, Van Oord Gulf FZE, and in cooperation with strategic major subcontractor, Allseas. In addition, TechnipFMC has been awarded separate contracts under its wholly owned US incorporated subsidiary FMCTI (FMC Technologies Inc.), to provide subsea hardware in support of well construction and the EPCI scope. Arnaud Pieton, President Subsea at TechnipFMC, stated: “We are extremely pleas...

5 May, 2019 Total announces that it has reached a binding agreement with Occidental to acquire Anadarko’s assets in Africa (Algeria, Ghana, Mozambique, South Africa) for a consideration of 8.8 billion $ in the event of a successful completion of Occidental’s ongoing bid for Anadarko. The transaction is contingent upon Occidental entering into and completing its proposed acquisition of Anadarko and to approval by the relevant authorities and is expected to close in 2020. The assets to be acquired are: Algeria: 24.5% participating interest and operatorship of blocks 404a and 208 ( Hassi Berkine , Ourhoud and El Merk fields) in the Berkine basin in which Total already owns 12.25%. These fields represented a gross production of 320 kboe/d in 2018. Ghana: 27% participating interest in the Jubilee field and 19% participating interest in the TEN fields . These fields represented a gross production of 143 kb/d in 2018, Mozambique: 26.5% participating interest and operatorship in Area 1 wher...

09/30/2019 Total announces the closing of the acquisition of Anadarko’s 26.5% operated interest in the Mozambique LNG project Mozambique LNG project for a purchase price of $ 3.9 billion. This closing comes after Total reached a binding agreement with Occidental on May 3, 2019, to acquire Anadarko’s assets in Africa (Mozambique, Algeria, Ghana and South Africa) and signed the subsequent Purchase and Sale Agreement on August 3, 2019. This first transaction follows receipt of all requisite approvals by the relevant authorities and partners. “Mozambique LNG is one of a kind asset that perfectly fits with our strategy and expands our position in liquefied natural gas”, said Patrick Pouyanné, Chairman & CEO of Total. “As the new operator, we are fully committed to the Mozambique LNG project and we will bring the best of our human, technical, marketing and financial capacities to further strengthen its execution. Total will of course work on the strong foundations established by the pre...

14 May 2019 Mozambique Rovuma Venture said today that the government of Mozambique had approved its development plan for the Rovuma LNG project , which will produce, liquefy and market natural gas from three reservoirs of the Mamba complex located in the Area 4 block in the Rovuma basin, two of which straddle the boundary with neighboring Area 1. “The development plan approval marks another significant step toward a final investment decision later this year,” said Liam Mallon, president of ExxonMobil Upstream Oil & Gas Company. “We will continue to work with the government to maximize the long-term benefits this project will bring to the people of Mozambique.” The Rovuma LNG project will work to build the local workforce through focused recruitment and skills development. “This is the third development plan approved in this five-year period to enable the sustainable development of the huge natural gas reserves discovered in the Rovuma Basin and represents the Government’s commitme...

September 28, 2023 TotalEnergies EP Angola Block 20 has finalized the sale to PETRONAS ANGOLA E&P LTD (PAEPL), a company belonging to the PETRONAS group of companies, of a 40% interest in Block 20 in the Kwanza Basin in Angola. The transaction was completed for an amount of $400 million as at January 1st, 2023, subject to customary price adjustments. TotalEnergies retains the operatorship and a 40% interest in Block 20, alongside PAEPL (40%) and Sonangol Pesquisa e Produção S.A. (20%). Block 20 contains the Cameia and Golfinho oil discoveries , located around 150 km southwest of Luanda. These discoveries are planned to be developed through a system of subsea wells connected to a FPSO (Floating Production, Storage and Offloading unit) with an oil production capacity of 70,000 barrels per day, which will be the seventh FPSO developed by TotalEnergies in Angola. The project will include the best available technologies to minimize greenhouse gas emissions and the facilities will be des...

16th February 2019 Total has signed a sale and purchase agreement with state-owned Sonangol of Angola to acquire interests in Blocks 20/11 and 21/09 in the Kwanza Basin, offshore Luanda. Subject to the approvals of the competent authorities and partners:The Group will hold a 50% working interest, alongside Sonangol (20%) and BP (30%), in Block 20/11, located in the central Kwanza Basin in water depths ranging from 300 to 1,700 meters. The Group will hold an 80% working interest alongside Sonangol (20%) in Block 21/09, located in the south-central Kwanza Basin in water depths ranging from 1,600 to 1,800 meters. The wells drilled so far in the two blocks have produced four discoveries — Cameia, Mavinga, Bicuar and Golfinho — and Total and its partners will seek to unlock the value of these prospects by creating a development hub. The Group has also committed to explore for additional potential resources in the blocks. As part of the agreement, Total will become operator of the developme...

22/12/17 Tailwind Energy has signed an agreement with Shell and ExxonMobil to acquire their interests in the Triton Cluster, which Tailwind intends to further develop. The Triton Cluster, located in the UK Central North Sea 190 kilometres east of Aberdeen, was initially brought into production in 2000. Tailwind said in a statement on the 21st December that the deal is subject to regulatory and partner approvals and is expected to complete in the first half of 2018. No staff will be transferred as part of the transaction, the company added. Tailwind Energy is a new oil and gas company focused on acquiring and investing in United Kingdom Continental Shelf (UKCS) assets. It is being supported by Mercuria, a privately-held energy group. Mercuria will provide Tailwind with a fully integrated capital and crude oil marketing solution. Tailwind has an agreement with Petrofac to provide transition, operations and project execution services in support of its activities. The Triton FPSO  is l...

Mar. 27, 2023-- Energy Transfer LP (NYSE: ET) and Lotus Midstream LLC announced today that the parties have entered into a definitive agreement pursuant to which Energy Transfer will acquire Lotus Midstream Operations, LLC (Lotus Midstream) in a transaction valued at approximately $1.45 billion from an affiliate of EnCap Flatrock Midstream (EFM). Consideration for the transaction will be comprised of $900 million in cash and approximately 44.5 million newly issued Energy Transfer common units. Lotus Midstream owns and operates Centurion Pipeline Company LLC, an integrated, crude midstream platform located in the Permian Basin. The transaction is expected to close in the second quarter of 2023, subject to regulatory approval and customary closing conditions. Complementary Crude Gathering, Transportation and Storage Assets Lotus Midstream’s Centurion Pipeline Company provides a full suite of midstream services including wellhead gathering, intra-basin transportation, terminalling and lon...

11th November 2020 Midstream operator Easton Energy LLC has agreed to buy a petrochemical pipeline system that runs from Houston to Corpus Christi from oil major Exxon Mobil Corp., moving to capitalize on South Texas' growing petrochemical market. The South Texas Pipeline System has 720 miles of pipeline and runs from Exxon Mobil's Clear Lake and Katy Gas Plants to Energy Transfer LP's King Ranch Gas Plant and the Port of Corpus Christi. The line has historically been used to transport everything from oil and natural gas liquids, but most recently shipped refinery grade propylene. The system will also connect to Easton Energy's 50 million barrel salt dome storage facility in Markham, Texas, which is located between the petrochemical markets in Houston and Corpus Christi. The acquisition is anticipated to close early next year. The companies did not disclose a price on the deal.

Sept. 18, 2019 NextDecade Corporation (NextDecade) (NASDAQ: NEXT) and Enbridge Inc. (Enbridge) (TSX: ENB) (NYSE: ENB) announced today a Memorandum of Understanding (MOU) to jointly pursue the development of the Rio Bravo Pipeline (Rio Bravo) and other natural gas pipelines in South Texas to transport natural gas to NextDecade's Rio Grande LNG project located in Brownsville, Texas. Rio Bravo is designed to transport 4.5 billion cubic feet per day of natural gas from the Agua Dulce area to Rio Grande LNG. Matt Schatzman, NextDecade's Chairman and Chief Executive Officer said, "Enbridge is one of North America's leading energy infrastructure companies and we look forward to exploring a strong partnership in South Texas. With its Texas Eastern Pipeline and recently completed Valley Crossing Pipeline, Enbridge has extensive permitting, construction, and operating experience in the State of Texas, especially in South Texas." Bill Yardley, Enbridge's President of Ga...

September 19, 2022 WhiteWater Midstream, LLC (“WhiteWater”) today announced that subsidiaries of Whistler Pipeline, LLC and Cheniere Energy, Inc. (NYSE American: LNG) (“Cheniere”) have executed agreements to move forward with the construction of the ADCC Pipeline , which is a new joint venture 42-inch pipeline that is expected to extend approximately 43 miles from the terminus of the Whistler Pipeline to Cheniere’s Corpus Christi Liquefaction Facility. The ADCC Pipeline has been designed to transport up to 1.7 billion cubic feet per day (Bcf/d) of natural gas, expandable to 2.5 Bcf/d of natural gas, and is expected to be in service in 2024, pending the receipt of customary regulatory and other approvals. The Whistler Pipeline is owned by a consortium including MPLX LP (NYSE: MPLX), WhiteWater, and a joint venture between Stonepeak and West Texas Gas, Inc. About the Whistler Pipeline The Whistler pipeline is an approximately 450-mile, 42-inch intrastate pipeline that transports natural...

March 26, 2024  Enbridge Inc. ("Enbridge") (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement with WhiteWater/I Squared Capital ("WhiteWater/I Squared") and MPLX LP ("MPLX") to form a joint-venture that will develop, construct, own, and operate natural gas pipeline and storage assets connecting Permian Basin natural gas supply to growing LNG and U.S. Gulf Coast ("USGC") demand. Highlights: Acquiring a meaningful, strategic equity interest in the joint venture Immediately accretive to DCF per share, with ~90% contracted cash flows Receiving immediate, recurring, and growing cash flow from operating assets with minimal commodity exposure Optimizes balance sheet by increasing EBITDA and reducing Enbridge's share of future Rio Bravo pipeline project capex proportional to its economic interest in that project Embedded organic expansion opportunities provides attractive growth options and diversifies offtake The ...

September 1, 2016 Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced that an affiliate of Enbridge Energy Partners, L.P. ("EEP") will be withdrawing regulatory applications pending with the Minnesota Public Utilities Commission for the Sandpiper Pipeline Project ("Sandpiper") . EEP has completed a review of Sandpiper and concluded that the project should be delayed until such time as crude oil production in North Dakota recovers sufficiently to support development of new pipeline capacity. Based on updated projections, EEP believes that new pipeline capacity will not likely be needed until beyond the Company's five-year planning horizon. Enbridge and an independent special committee ("Special Committee") of the Board of Directors of the delegate of EEP's general partner (the "Board of Directors") have also reached a tentative agreement on the terms of an arrangement through which each party would fund the acquisition of and participate in...

July 01, 2020  Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that Targa NGL Pipeline Company LLC (“Targa NGL Pipeline”), a wholly owned subsidiary of the Company, has launched an open season commencing July 1, 2020 and closing July 31, 2020 to gauge shipper interest in committed interstate transportation service for natural gas liquids (“NGLs”) from a planned interconnection with upstream pipeline facilities in Kingfisher County, Oklahoma to Mont Belvieu, Texas. As announced in February 2019, Targa NGL Pipeline is currently developing an approximately 110-mile extension of Targa’s existing Grand Prix pipeline system to the new Kingfisher County interconnection where it will connect with Williams’ new Bluestem Pipeline. This open season will provide an opportunity for shippers to secure firm capacity for NGL transportation subject to the terms of their transportation service agreements (“TSAs”). The final volume of capacity for both c...

01/04/2021 Kassel. After just over two and half years of construction, the European gas pipeline link EUGAL has now reached its full transport capacity with two strings and a compressor station. The first string has already been transporting natural gas since 1 January 2020. The second string and the compressor station went into operation today and expand the transport capacity to up to 55 billion m³ of natural gas per year. EUGAL is a joint project between the transmission system operators GASCADE Gastransport GmbH, Gasunie Deutschland Transport Services GmbH, Fluxys Deutschland GmbH and ONTRAS Gastransport GmbH. “We are proud to have successfully completed this project. EUGAL is an important component in Europe's energy supply,” explains Christoph von dem Bussche, Managing Director of GASCADE. Managing Director Igor Uspenskiy goes on to say: “The pipeline now has a transport capacity of up to 55 billion m³ of natural gas per year. By comparison: Germany annually consumes more th...

31/08/2023 With the entry in the commercial register on August 31, 2023, the 80 percent fractional ownership of W & G Transport Holding GmbH (WGTH) in the Baltic Sea Pipeline Link (OPAL) was transferred to GASCADE Gastransport GmbH (GASCADE) by way of spin-off of the regulated part of the operation. The fractional ownership part of WGTH, which, until June 30, 2023, was partially exempt from regulation, has been operated since its commissioning at the end of 2011 by OPAL Gastransport GmbH & Co. KG (OGT), which has also marketed its share of OPAL's transport capacity. Following the decision by the Federal Network Agency to revoke the partial exemption from regulation granted to OGT in 2009, WGTH's former OPAL fractional ownership share has been fully regulated since July 1, 2023. The transfer of the now fully regulated operations to GASCADE, a certified independent transmission operator, takes this into account. GASCADE's pipeline system is now more than 3,700 kilome...

18/01/2024 With the Above Water Tie-In (AWTI), the pipe-laying work in the two sea sections of the OAL is now complete. The pipeline has fully been connected through and laid on the seabed. The 50-kilometer-long pipeline connects the planned LNG terminal in the port of Mukran with the German gas transmission network in Lubmin. After receiving approval for the first sea section, the OAL has been built within a very short time since 21 August 2023. "This means that the ambitious goal of enabling gas feed-ins into this pipeline in the winter of 2023/24 has been achieved. This is the contribution we can make as a transmission system operator to improving German and European security of supply and its resilience to crises. Despite a very ambitious schedule, we managed to complete the OAL in record time. My sincere thanks go to all those involved in the implementation," says Ulrich Benterbusch, Managing Director of GASCADE Gastransport GmbH (GASCADE). Before the OAL can be put int...

January 08, 2013 Teesside Gas Processing Plant Limited (“TGPP”) is pleased to announce the successful transfer to a new owner on 19th December 2012. The new owner of TGPP is North Sea Midstream Partners (“NSMP”). Teesside Gas Processing Plant Limited (“TGPP”) is pleased to announce the successful transfer to a new owner on 19th December 2012. The new owner of TGPP is North Sea Midstream Partners (“NSMP”). NSMP, a new company formed by ArcLight Capital Partners LLC (“ArcLight”) will focus on the ownership and commercial development of large scale midstream oil and gas infrastructure assets in and around the North Sea. Andy Heppel and David O’Donnell will continue to serve as the CEO and Commercial Director of TGPP, respectively. Mike Wagstaff, previously the CEO of Venture Production plc, will serve as the non-executive chairman of NSMP. TGPP will continue to be operated by affiliates of px Group Limited. Andy Heppel said, “We are very pleased to have found in ArcLight a partner who un...

August 27, 2015 North Sea Midstream Partners (NSMP) is pleased to announce that it has signed an agreement to acquire Total’s 67% operated interest in the SIRGE gas pipeline and its 100% operated interests in the Frigg UK pipeline and St. Fergus Gas Terminal . Following completion of the sale, which is subject to regulatory and other customary approvals, the systems will be operated on behalf of NSMP by our long term operating partner, px Group, who already operate NSMP’s Teesside Gas Processing Plant. North Sea Midstream Partners (NSMP) is pleased to announce that it has signed an agreement to acquire Total’s 67% operated interest in the SIRGE gas pipeline and its 100% operated interests in the Frigg UK pipeline and St. Fergus Gas Terminal. Following completion of the sale, which is subject to regulatory and other customary approvals, the systems will be operated on behalf of NSMP by our long term operating partner, px Group, who already operate NSMP’s Teesside Gas Processing Plant....

July 02, 2021 North Sea Midstream Partners Limited (“NSMP”) is pleased to confirm that on 1st July 2021 the NSMP Frigg UK Association (“FUKA”) pipeline received first gas from the Martin Linge field , for onward processing in the NSMP St. Fergus Gas Terminal. This landmark event marks the first time that significant volumes of gas originating from the Norwegian continental shelf have been transported via the FUKA system. NSMP worked closely with its operating partner px Limited and Equinor to coordinate a safe start-up of the gas export and NSMP looks forward to providing best-in-class gas transportation and processing services to the Martin Linge owners. The Martin Linge field is located approximately 170 kilometers east of the Shetland Islands in the Norwegian sector of the North Sea. Oil production is processed on a storage vessel and lifted by shuttle tankers and the rich gas is transported through the Frigg UK Association (“FUKA”) pipeline system to the NSMP St. Fergus Gas Termin...

September 07, 2021 North Sea Midstream Partners Limited (“NSMP”) is pleased to announce that on 23 August 2021 the NSMP Frigg UK Association (“FUKA”) pipeline received first gas from the Rhum R3 well for onward processing in the NSMP St. Fergus Gas Terminal. R3 is part of the Rhum gas field, located in block 3/29a of the UKCS which is tied back to the Bruce platform. The Bruce platform, also operated by Serica, is located is located 44 km from the Rhum field and provides the hub facility for production from the Bruce, Keith and Rhum fields. Oil production is transported and processed via the Forties Pipeline System, while the gas is transported through the NSMP FUKA pipeline to the St. Fergus Gas Terminal where it is processed before entering the UK National Transmission System. The recompletion of Rhum R3 is anticipated to increase production rates, enable more Rhum gas reserves to be recovered and help extend the life of the Bruce hub. Andy Heppel, Chief Executive Officer of North ...

June 11, 2021 Saipem, leading of a joint venture with Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME), a main South Korean specialized shipbuilding and offshore contractor, has been awarded by Petróleo Brasileiro (Petrobras) a contract for the construction of the Floating Production Storage and Offloading Vessel (FPSO) named P-79 for the development of Búzios offshore field in Brazil. The FPSO P-79 project is worth overall approximately 2.3 billion USD. Saipem’s portion is approximately 1.3 billion USD. The FPSO vessel will allow initial separation of gas from the oil extracted in the deep offshore reservoir and will have a production capacity of 180,000 barrels of oil per day (bopd) and 7.2 million cubic metres of (mcbm) gas per day, with a storage capacity of two million barrels of oil. Saipem and DSME will execute the entire FPSO project which encompasses the engineering, procurement, fabrication and integration of the topsides of the FPSO units and the installation of...

September 28, 2022  Petróleo Brasileiro S.A. – Petrobras informs that today it signed a contract with Keppel Shipyard Limited for the construction of the P-83 platform , as a result of the advancement of the Búzios field development project, in the Santos Basin pre-salt area.  The P-83 will be able to produce up to 225 thousand barrels of oil per day, process up to 12 million m3 of gas per day, and store more than 1.6 million barrels. The project foresees the interconnection of 15 wells, 8 of which are oil producers and 7 injectors. The platform will be the eleventh unit to be installed in Búzios. Petrobras is the operator of this field with a 92.6% stake, with CNOOC and CNODC as partners, with 3.7% each.  The P-83 will be built by shipyards in Singapore, China, and Brazil, and will reach the local content percentage of 25%. The platform will start production in 2027 and will contribute to increase the field's installed capacity from the current 600 thousand bpd to 2 mi...

August 15, 2022 Petróleo Brasileiro S.A. – Petrobras informs that, as a result of the progress of the development project for the Búzios field , in the Santos Basin pre-salt area, it signed today a contract with Keppel Shipyard Limited for the construction of platform P-80 , the ninth unit to be installed in the field.  This unit will be one of the largest to operate in Brazil and one of the largest in the global oil and gas industry, with capacity to produce up to 225 thousand barrels of oil per day, process up to 12 million m3/day of gas, and store more than 1.6 million barrels.  The project foresees the interconnection of 14 wells, 7 of which are oil producers and 7 injectors. The platform will be self-owned, of the FPSO type (floating unit that produces, stores, and transfers oil), with a minimum local content index of 25%. Production is scheduled to start in 2026. The P-80 will be the 28th system to operate in the pre-salt.  The P-80 is part of Petrobras' new generat...

October 4, 2022 Petróleo Brasileiro S.A. – Petrobras informs that today it signed a contract with Sembcorp Marine Rigs & Floaters for the construction of the P-82 platform , as a result of the advancement of the Búzios field development project, in the Santos Basin pre-salt area.  The P-82 will be of the FPSO type and will have the capacity to produce up to 225 thousand barrels of oil per day, process up to 12 million m³of gas per day, and store more than 1.6 million barrels. The project foresees the interconnection of 16 wells, 9 of which are producers and 7 injectors.  The platform is scheduled to start operating in 2026, and it will be the tenth platform to be installed in the Búzios field, where Petrobras is the operator, with a 92.6% stake in the field, having CNOOC and CNODC as partners, with 3.7% each.  The P-82 will be the 29th unit to go into production in the pre-salt and is part of Petrobras' new generation of platforms, which are characterized by their hi...