Killajoules

Honeywell’s UOP and PetroChina Produce Green Jet Fuel for China’s First Biofuel Flight
UOP LLC, a Honeywell (NYSE: HON) company, announced today that Green Jet Fuel, produced jointly with PetroChina, powered China’s first biofuel demonstration flight.

Confirmation Arrow Energy to acquire Bow Energy via Scheme of Arrangement
Australia’s Arrow Energy Holdings Pty Ltd (“Arrow”) has today confirmed that it has entered into a Scheme Implementation Agreement (“SIA”) with coal seam gas company Bow Energy Ltd (“Bow”) under which Arrow has agreed to acquire all of the shares in Bow for a cash consideration of A$1.52 per Bow share. The offer values Bow at A$535 million.

Arrow confirms its preliminary and non-binding proposal to Bow Energy
Arrow Energy Holdings Pty Ltd (“Arrow”) notes the statement this morning by Bow Energy Limited and confirms that it has made a preliminary, indicative and non-binding proposal to Bow Energy.

CB&I Joint Venture Awarded Contract for Arrow LNG Liquefaction Plant Project in Australia
CB&I (NYSE:CBI) announced that it has been awarded, through its joint venture with Chiyoda Corporation and Saipem S.p.A., the Preparation and Supply of the Project Specification contract for the Arrow LNG Plant Project in Australia.

Encana and PetroChina end Cutbank Ridge joint venture negotiations
Encana Corporation (TSX, NYSE: ECA) and PetroChina International Investment Company, a subsidiary of PetroChina Company Limited, have ended negotiations for a proposed joint venture concerning Encana’s Cutbank Ridge business assets after the parties were unable to achieve substantial alignment with respect to key elements of the proposed transaction, including the joint operating agreement.

Integrated refinery project in Sichuan Petrochemical basically completed the main installation
China's largest single investment in refinery and petrochemical integration projects - Sichuan Petrochemical refining integration projects where they stand after 3 years of construction:

Chad H block, Successful Crude Oil injection into oil pipeline to Feed New Refinery
Successful Crude Oil injection into oil pipeline to Feed New Refinery. Currently, the pipeline is operating normally.

Qatargas commissions Petrochina's first LNG Terminal
Qatargas today, delivered its first cargo of liquefied natural gas (LNG) to PetroChina’s first LNG receiving terminal at Rudong, Jiangsu Province. The cargo was delivered by the Q-Flex LNG carrier “Al-Rekayyat”.

Saudi Aramco, and PetroChina MOU Signed for Refinery in Yunnan, China
Aramco Overseas Company B.V., a subsidiary of Saudi Aramco, and PetroChina Company Limited, a subsidiary of CNPC, signed on March 17, 2011, a Memorandum of Understanding related to the planned development of a 10 million metric tons per annum (200,000 barrels per day) grassroots full conversion refinery in Yunnan Province in the People’s Republic of China.

Encana to establish joint venture with PetroChina through sale of 50 percent interest in Cutbank Ridge business assets for C$5.4
Encana Corporation (TSX, NYSE: ECA) has signed a Co-operation Agreement with PetroChina International Investment Company Limited, a subsidiary of PetroChina Company Limited (SEHK: 0857, SSE: 601857, NYSE: PTR), that would see PetroChina pay C$5.4 billion to acquire a 50 percent interest in Encana’s Cutbank Ridge business assets in British Columbia and Alberta. Under the Co-operation Agreement, the two companies would establish a 50/50 joint venture that would ambitiously grow natural gas production from the Cutbank Ridge lands for years ahead.