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Participation in Floating Production Platform Project for Tubular Bells Field in the Gulf of Mexico
Marubeni Corporation (“Marubeni”) announced that it has entered into an agreement with Tulsa based Williams Partners, L.P. (“Williams”), one of the largest US oil & gas infrastructure master limited partnerships, to acquire 49% interests in the floating production platform project for Tubular Bells Field in the Gulf of Mexico, United States. Marubeni and Williams have also simultaneously entered into a MoU about jointly developing petrochemical downstream projects and oil & gas infrastructure projects utilizing gas produced in North America including shale plays.

date.png06 Feb 2013 20:52 | comments.png 0 Comments | tags.png bp chevron gofm hess marubeni n-america services usa [ More ]

BP Starts Production from New Valhall Platform in Norwegian North Sea
BP today announced the successful start-up of oil production from new facilities at the Valhall field in the southern part of the Norwegian North Sea. Production started on 26 January.

date.png29 Jan 2013 11:59 | comments.png 0 Comments | tags.png bp europe hess norway upstream [ More ]

Hess to Pursue Sale of Terminal Network and Exit Refining Business
Hess Corporation (NYSE: HES) announced today that it will pursue the sale of its terminal network in the United States. Hess also announced that it will complete its exit from the refining business by closing its Port Reading, New Jersey refinery.

date.png29 Jan 2013 06:17 | comments.png 0 Comments | tags.png hess n-america refinery top usa [ More ]

Hess Announces Pecan-1 Discovery Offshore Ghana
Hess Corporation (NYSE: HES) announced today that it filed a notice of discovery with the Ghana National Petroleum Corporation for the Pecan-1 exploration well located in the Deepwater Tano / Cape Three Points license offshore Ghana, which has encountered 245 net feet of oil pay in two separate Turonian intervals. Hess currently has a 90 percent interest in the block. The Ghana National Petroleum Corporation (GNPC) holds the remaining 10 percent.

date.png12 Dec 2012 14:23 | comments.png 0 Comments | tags.png africa ghana hess upstream [ More ]

Ezra's Eoc To Sell 51% Equity Interest In The Entities Owning And Operating The Fpso Lewek Arunothai
As reflected in the announcement made by the Company on 14 November 2012 via SGXNET, the Company's associated company, EOC Limited ("EOC") has secured a Letter of Award from Hess Exploration and Production Malaysia B.V. via its Malaysian agent Larizz Petroleum Services Sdn Bhd, for the charter of the FPSO Lewek Arunothai for a period of 3 years with an option to extend up to a further 3 years (the "Announcement").

date.png03 Dec 2012 06:58 | comments.png 0 Comments | tags.png asia ezra hess malaysia services [ More ]

Hess Explores Sale of Interests in Russia
Hess Corporation (NYSE: HES) announced today that as part of the company’s strategic reshaping of its portfolio it will pursue the sale of its Russian subsidiary Samara-Nafta, which produces approximately 50,000 barrels of oil equivalent per day in the Volga-Urals region. Hess has retained Goldman Sachs as its financial adviser in connection with the potential sale.

date.png13 Nov 2012 06:37 | comments.png 0 Comments | tags.png c-asia hess russia upstream [ More ]

Shell to increase participation in the Beryl Area Fields in the North Sea
Shell announced today the signing of an agreement with Hess Corporation to acquire its interests in the Beryl area fields and the Scottish Area Gas Evacuation System (“SAGE”), for US$ 525 million.

date.png26 Oct 2012 20:44 | comments.png 0 Comments | tags.png deals europe hess north-sea shell uk upstream [ More ]

Dana becomes operator of Triton FPSO
Today, (Monday 1 October 2012), Dana Petroleum (E&P) Limited, a wholly owned subsidiary of Dana Petroleum plc (Dana) takes over the operatorship of the Triton floating production storage and offloading vessel (FPSO) from Hess and Dana acquires Hess’ 28.28% stake in the Bittern field, increasing Dana’s share in the field to 33%.

date.png01 Oct 2012 19:32 | comments.png 0 Comments | tags.png dana europe fpso hess uk upstream [ More ]

Hess to Sell Interest in ACG Fields to ONGC Videsh
Hess Corporation (NYSE: HES) announced today it has agreed to sell its 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) in Azerbaijan and its 2.36 percent interest in the associated BTC pipeline to ONGC Videsh Ltd. for $1 billion. The transaction, expected to close in the first quarter of 2013, is subject to Indian and other government and regulatory approvals.

date.png07 Sep 2012 21:48 | comments.png 0 Comments | tags.png azerbaijan c-asia hess ongc upstream [ More ]

Hess and PETRONAS Sign Partnership Agreements to Develop North Malay Basin
Hess Corporation (NYSE: HES) announced today that it has signed agreements with PETRONAS to develop the North Malay Basin, located offshore Peninsular Malaysia.

date.png24 Jun 2012 11:55 | comments.png 0 Comments | tags.png asia hess malaysia petronas upstream [ More ]
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