Killajoules

Eni starts production at Perla giant gas field offshore Venezuela
Eni has started production of the giant gas field Perla, located in the Gulf of Venezuela, 50 kilometers offshore. The first production well has been opened and is currently in the clean-up phase.

INTECSEA Awarded Contract for Buckskin-Moccasin Development
INTECSEA has been selected by Chevron U.S.A. Inc. to provide engineering and long-lead procurement services for the front-end engineering and design (FEED) phase of the Buckskin/Moccasin development in the Gulf of Mexico. The award comes as an integrated WorleyParsons and INTECSEA team recently completed Pre-FEED for the development.

Repsol reaches an agreement with Talisman energy to acquire the canadian oil company
Repsol has agreed with Talisman energy to acquire 100% of the shares of the Canadian company for US$8.3 billion (EU6.64 billion), plus assumed debt of US$4.7 billion. The transaction has been approved and recommended by the Board of Directors of the Canadian company.

Petrofac Awarded US$970 million Reggane North Development Project
Petrofac, the international oil and gas services provider, has been awarded a 36 months, of execution, contract worth more than US$970 million for the gas gathering, treatment and export facilities package (EPCCS1) of the Reggane North Development Project (Reggane) located in the Reggane basin of the Algerian Sahara desert 1,500 km south-west of Algiers.

Shell boosts its leadership in global LNG with the completion of Repsol S.A. LNG deal
Royal Dutch Shell plc ("Shell") today announces the successful completion of the acquisition of Repsol S.A.'s ("Repsol") liquefied natural gas (LNG) portfolio outside North America for a headline cash consideration of $4.1 billion. As part of the transaction, Shell will also assume $1.6 billion of balance sheet liabilities relating to existing leases for LNG ship charters, substantially increasing the shipping capacity available to Shell's world-class LNG marketing business.

Repsol makes a new high quality oil discovery in Libya
Repsol has made a high quality light oil find (40º API) in Libya’s Murzuq basin. The find was made in block NC115 in the Sahara desert, 800 kilometres south of Tripoli.

Repsol makes three oil discoveries in Alaska
Repsol has completed its winter exploration campaign in Alaska with three new good quality hydrocarbon discoveries, boosting the project to develop the company's reserves in the resource-rich North Slope region.

Shell continues to expand its LNG leadership with the purchase of new positions from Repsol S.A.
Royal Dutch Shell plc (“Shell”) continues to expand its industry leadership in Liquefied Natural Gas (“LNG”), today agreeing to acquire part of Repsol S.A’s (“Repsol”) LNG portfolio outside of North America, including supply positions in Peru and Trinidad & Tobago, for a cash consideration of $4.4 billion. Shell will also assume and consolidate balance sheet liabilities predominantly reflecting leases for LNG ship charters of currently $1.8 billion. The balance sheet impacts are subject to final assessment prior to completion of the transaction.

Repsol begins accelerated hydrocarbon production in the Orinoco Belt
Antonio Brufau, Repsol CEO and Chairman, attended today the first oil production ceremony for the Carabobo well, situated in the Orinoco Oil Belt. The well is operated by Petrocarabobo, a joint-venture company set up in Venezuela in June 2010 in which PDVSA has a 60% stake and Repsol owns 11%, with other companies also owning stakes.

SKSOL begins the construction of its lubricants plant in Cartagena
Repsol and the Korean company SKL laid the first stone of SKSOL's next generation lubricants plant, a joint venture in which both firms have holdings. The plant, located in Cartagena, will entail investment of over 250 million euros and will be operational in 2014.