Killajoules

Repsol buys a share in Offshore Colombian block
Repsol has signed an agreement with Colombian company Ecopetrol and Brazil’s Petrobras to buy a stake in the offshore Tayrona exploration block in the Colombian Caribbean Sea.

Following the agreement, Repsol owns a 30% stake in the block, while Ecopetrol owns 30%. Petrobras, with a 40’% stakem, will continue to be the operator. The deal is subject to the approval of Columbia’s National Hydrocarbons Agency (Agencia Nacional de Hidrocarburos.)

GLNG project sanctioned
Santos today announced that the GLNG partners have taken the final investment decision approving development of the US$16 billion, 7.8 mtpa GLNG project in Queensland.

Eni: clarification on Galp Energia share
Following CONSOB (the Italian Stock Exchange Regulator) request and in relation to today’s reports on possible discussions between Eni and Petroleo Brasileiro S.A – Petrobras for the disposal of Eni’s share in Galp Energia, following the lock-in period which expired on Dec.31 Eni confirms that it is evaluating a number of options including opportunities with Petroleo Brasileiro S.A. – Petrobras.

Declaration of Commerciality for Tupi and Iracema areas
In accordance with the terms of article 248 of the Portuguese Securities Code, Galp Energia, SGPS, S.A. (Galp Energia) hereby discloses the following information:

New well confirms light oil in western Tupi area, offshore Brazil
BG Group has today confirmed that the eleventh well on the BM-S-11 concession in the Santos Basin, offshore Brazil, was successful.

Repsol sells stake in REFAP refinery valued at $350 million
Repsol has agreed to sell to Petrobras its 30% stake in the Alberto Pasqualini Refinery (REFAP) in the Brazilian state of Rio Grande do Sul. Following the transaction, Petrobras becomes the only shareholder of the refinery, which has a nominal capacity of 190,000 bbld.

Foster Wheeler Wins Basic Design and Feed Contract for Two Grassroots Refineries in Brazil
Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded a basic engineering design and front-end engineering design (FEED) contract for two grassroots refineries in Brazil for Petróleo Brasileiro S.A., (Petrobras). The Premium I Refinery will be a dual train, 600,000 barrels per stream day (BPSD) facility in Maranhao State, and the Premium II Refinery will be a single-train 300,000 BPSD facility in Ceara State. Foster Wheeler will be the prime subcontractor to Honeywell's UOP, the managing process technology licensor.

FMC Technologies and Petrobras Sign Memorandum of Understanding
FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a memorandum of understanding with Petrobras to develop future subsea technology solutions for its oil and gas projects offshore Brazil.

Petrobras Argentina does not migrate the contracts in Ecuador
Petróleo Brasileiro S.A - Petrobras announces that its subsidiary Petrobras Argentina S.A. (Petrobras Argentina) did not accept the final arrangements proposed by the government of Ecuador to migrate the exploration contracts of the Block 18 and Palo Azul Unified Field, to service contracts.

Petrobras has signed up a contract for the implementation of Premium I and Premium II Refineries
Petróleo Brasileiro S.A. - Petrobras has signed up with the American company UOP LLC (UOP), which is a traditional technology supplier in oil refine field, a deal for basic project supply and pre-detailing of Premium I Refinery to be built on Maranhão state and also Premium II Refinery to be built on Ceará state.