Killajoules

Hainan LNG project officially approved by the National Development and Reform Commission
Hainan liquefied natural gas (LNG) project on July 7, through the National Development and Reform Commission meeting, by the National Development and Reform Commission was officially approved. 　　

Qatar: Total Farms into Exploration Block BC with a 25% Interest
Total announced that it has signed an agreement with CNOOC Middle East (Qatar) Limited, a wholly-owned subsidiary of CNOOC International Limited, to acquire a 25% interest in Qatar’s Block BC (pre-Khuff) exploration license. CNOOC Middle East (Qatar) Limited will continue to be the operator with a 75% interest.

Uganda Sale and Purchase Agreements signed between Tullow, CNOOC and Total for $2.9 billion total cash consideration
Tullow Oil plc (Tullow) is delighted to announce that yesterday it signed Sale and Purchase Agreements (SPAs) with CNOOC and Total in respect of the sale of a one third interest to each party of the interests Tullow holds in Exploration Areas 1, 2 and 3A in Uganda. Tullow will retain a one third interest. The terms of the transactions include a total cash consideration payable to Tullow of US$2.9 billion.

Chesapeake Energy Corporation and CNOOC Limited Announce
Chesapeake Energy Corporation ("Chesapeake", NYSE:CHK) and CNOOC Limited (NYSE:CEO; SEHK:0883) today announced the execution of an agreement whereby CNOOC International Limited, a wholly-owned subsidiary of CNOOC Limited, will purchase 33.3% undivided interest in Chesapeake's 800,000 net oil and natural gas leasehold acres in the Denver-Julesburg (DJ) and Powder River Basins in northeast Colorado and southeast Wyoming. The consideration for the transaction will be $570 million in cash at closing. In addition, CNOOC Limited has agreed to fund 66.7% of Chesapeake's share of drilling and completion costs until an additional $697 million has been paid, which Chesapeake expects to occur by year-end 2014. Closing of the transaction is anticipated in the first quarter of 2011.

FMC Technologies Awarded $85 Million Order for CNOOC's Liuhua 4-1 Development
FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with China National Offshore Oil Corporation (CNOOC) for the manufacture and supply of subsea production equipment for the Liuhua 4-1 development project. The award has a value of approximately $85 million in revenue to FMC Technologies.

BG Group Gas discovery offshore China
BG Group today announced a discovery on Block 64/11 offshore China after the Lingshui 22-1-1 exploration well encountered gas-bearing sands.

CNOOC $50m Strategic Investment in Exoma’s Queensland CSG & Shale Gas Projects
Exoma Energy Limited (ASX:EXE) yesterday executed a Farmin Agreement, in Beijing, with one of China’s leading integrated energy companies, China National Offshore Oil Corporation, through one of its subsidiaries in Australia (“CNOOC”).

Husky Announces the Signing of Agreement for Liwan 3-1 Field Development
Husky Energy Inc. (Husky) is pleased to announce that its wholly owned subsidiary, Husky Oil China Ltd., has signed a Heads of Agreement with China National Offshore Oil Corporation (CNOOC), specifying the key principles of cooperation for funding and operation of the Liwan 3-1 deep water gas field development.

Aker Solutions signs first subsea contract with CNOOC
Aker Solutions has signed a subsea contract with the state-owned oil company China National Offshore Oil Corporation (CNOOC) to supply a subsea production system for the Yacheng 13-4 gas field.

Chesapeake Energy Corporation and CNOOC Limited Announce Eagle Ford Shale Project Cooperation Agreement
Chesapeake Energy Corporation ("Chesapeake", NYSE: CHK) and CNOOC Limited (NYSE: CEO; SEHK:00883) today announced the execution of an agreement whereby CNOOC International Limited, a wholly-owned subsidiary of CNOOC Limited, will purchase a 33.3% undivided interest in Chesapeake's 600,000 net oil and natural gas leasehold acres in the Eagle Ford Shale project in South Texas. The consideration for the sale will be $1.08 billion in cash at closing, subject to adjustment. In addition, CNOOC Limited has agreed to fund 75% of Chesapeake's share of drilling and completion costs until an additional $1.08 billion has been paid, which Chesapeake expects to occur by year-end 2012. Closing of the transaction is anticipated in the 2010 fourth quarter.