Killajoules

KBR Awarded Major Engineering Design Contract by Hyundai Heavy Industries Co., Limited for the BP Quad 204 Project
KBR (NYSE:KBR) today announced that it has received a letter of award from Hyundai Heavy Industries Co. Limited to perform engineering design and procurement support services for the BP Quad 204 Floating Production Storage and Offload (FPSO) Project to be located west of Shetland Isles in UK waters.

BP and Co-Venturers Approve £3 Billion Re-Development of Schiehallion and Loyal Fields
On behalf of its co-venturers BP is pleased to announce an agreement to progress a major re-development of the Schiehallion and Loyal oil fields to the west of the Shetland Islands.

Technip awarded contract for UK North Sea Development
Endeavour Energy UK Ltd, a subsidiary of Endeavour International Corporation, awarded Technip an EPCI lump sum contract, worth around €70 million, for the East Rochelle development in the United Kingdom North Sea. The field is located approximately 185 kilometers north-east of Aberdeen, Scotland in 140 meters of water.

The Vega field in the North Sea was officially opened
The Vega field in the North Sea was officially opened during a ceremony in Bergen yesterday, 17 March. The subsea field adds important natural gas and condensate to Statoil´s production on the Norwegian continental shelf.

Nord Stream Completes Phase II Financing
Financing for the Nord Stream project is secured: Today, the company together with its shareholders in the consortium, OAO Gazprom, E.ON Ruhrgas AG, BASF SE/Wintershall Holding GmbH, N.V. Nederlandse Gasunie, and GDF SUEZ S.A. announced the successful signing of Phase II financing of the pipeline project. The project financing for Phase II amounts to 2.5 billion euros.

Endeavour Announces Approval of the Rochelle Field Development Plan
Endeavour International Corporation (NYSE Amex: END) (LSE: ENDV) is pleased to announce the United Kingdom Department of Energy and Climate Change (DECC) has approved the Rochelle Field Development Plan (FDP) for Block 15/27 in the Central North Sea, now known as East Rochelle. This approval represents phase one of the development of the Greater Rochelle area.

Gazprom to build up UGS capacities beyond Russia
The Gazprom Management Committee found it expedient to build up underground gas storage (UGS) capacities beyond Russia to bring the aggregate working gas volume to at least 5 per cent of the annual export supplies before 2030 with a focus on establishing the Company's own UGS capacities.

GDF SUEZ becomes a natural gas storage leader in Germany and number 1 in Europe
GDF SUEZ through its subsidiary Storengy has agreed today to buy five natural gas underground storage facilities in Germany and a 19.7% stake in another one. The transaction covers the storage facilities held by BEB Speicher GmbH and by ExxonMobil Gasspeicher Deutschland GmbH. Whilst BEB Speicher GmbH is an affiliate of BEB Erdgas und Erdöl GmbH (BEB) which in turn is a joint venture between Shell and ExxonMobil, ExxonMobil Gasspeicher Deutschland GmbH (EMGSG) is an ExxonMobil affiliate.

£310m expansion of National Grid’s Grain LNG terminal complete
National Grid has announced the start of commercial operations today (Wednesday 1 December) of its second capacity expansion, delivered on time and to budget, at the company’s Isle of Grain LNG importation facility.

Putting on the pressure under water
Statoil and its partners on Åsgard have opted for subsea gas compression to help recover the big remaining reserves in this Norwegian Sea field. Similar projects elsewhere are in the pipeline.