Killajoules

Golden North Sea win for Wood Group PSN
Wood Group PSN (WGPSN) has secured a US$50 million contract with Nexen Petroleum UK Limited to carry out the hook-up and commissioning of the Golden Eagle Area Development (GEAD) project in the UK North Sea.

Endeavour Announces the Mobilization of the Transocean Prospect to the Rochelle Field
Endeavour International Corporation (NYSE: END) (LSE: ENDV) today announced that the Transocean Prospect semi-submersible drilling rig has been mobilized to the Rochelle field to complete the drilling of the East Rochelle development well in the U.K. Central North Sea.

Final Investment Decision on Hangingstone Oil Sands Project in Alberta Province, Canada
Japan Petroleum Exploration Co, Ltd. (Japex) has made the Final Investment Decision (FID) on an oil sands project in the Hangingstone area in the Province of Alberta, Canada (Hangingstone Project) at the meeting of the Board of Directors today.

Proposed Acquisition of Nexen Inc. by CNOOC Limited Receives Industry Canada Approval
Nexen Inc. (TSX: NXY) (NYSE: NXY) announced today that under the terms of the Investment Canada Act, the Honourable Christian Paradis, Minister of Industry, has approved the proposed acquisition of Nexen by CNOOC Limited (CNOOC). No further approvals are required in Canada.

CNOOC Limited Enters Into Definitive Agreement to Acquire Nexen Inc.
CNOOC Limited (SEHK: 00883, NYSE: CEO) and Nexen Inc. (TSX: NXY, NYSE: NXY) announced today that they have entered into a definitive agreement under which CNOOC Limited will acquire all of the outstanding common shares of Nexen for US$27.50 per share in cash.

Nexen Confirms Resource Additions at Appomattox
Nexen Inc. (TSX, NYSE: NXY) today announced completion of the evaluation of our recent drilling success on the northeast fault block of the Appomattox structure. We have demonstrated contingent recoverable resource in the northeast block of approximately 215 mmboe (50 mmboe net to Nexen), with a range of 120 to 370 mmboe (25 to 90 mmboe net to Nexen) of light oil. Future planned appraisal drilling will further refine this range. Nexen holds a 20% interest in Appomattox and a 25% interest in Vicksburg and various other blocks in the area; Shell Gulf of Mexico Inc. (Shell) holds the remaining interest and is operator.

Chevron Confirms First Production from Usan Deepwater Field
Chevron Corporation (NYSE: CVX) through its Nigerian subsidiary Chevron Nigeria Limited today confirmed first production from the deepwater offshore Usan project in Nigeria.

GE Subsea Systems to Support North Sea Oil Field Development
GE Oil & Gas (NYSE: GE) surface and subsea production equipment, control systems and services have been selected for the Nexen Golden Eagle Area Development project in the United Kingdom’s central North Sea. Contracts with the project operator, Nexen Petroleum U.K. Limited, could total more than $170 million over the life of the development, GE reported at the 2012 GE Oil & Gas Annual Meeting being held Jan. 30-31 in Florence.

Technip awarded contract by Nexen for the Golden Eagle development in the UK North Sea
Technip was awarded by Nexen Petroleum U.K. Limited a lump sum contract, worth approximately €135 million, for the Golden Eagle development located 110 kilometers North-east of Aberdeen in 115 meters of water.

Nexen Provides Update on Operations in Yemen
Nexen Inc. (TSX, NYSE: NXY) today reported it has been informed by the Government of Yemen that its application to extend the Production Sharing Agreement (PSA) on Block 14 (Masila) has not been accepted. As a result, the PSA will expire on December 17, 2011. The block will then be operated by a newly created Yemen national operating company.