Killajoules

QGC completes Australia’s longest underwater ‘pipe pull’
Engineers have completed a world-class engineering achievement in simultaneously laying two, 1m-diameter gas pipelines across Gladstone Harbour.

Subsea 7 UK & Canada Wins Pipeline Bundle Project for Talisman Sinopec UK Energy’s Montrose Area Redevelopment Project
Subsea 7, a global leader in seabed-to-surface engineering, construction and services to the offshore energy industry, has been awarded a contract to install a 10km pipeline bundle from Talisman Sinopec Energy UK Limited. The contract, valued at US$285m is for the provision of subsea construction services in support of the company’s Montrose Area Redevelopment (MAR) Project.

Chesapeake Energy Corporation Announces $1.02 Billion Mississippi Lime Joint Venture
Chesapeake Energy Corporation (NYSE:CHK) and Sinopec International Petroleum Exploration and Production Corporation (Sinopec) today announced the execution of an agreement which provides for Sinopec to purchase a 50% undivided interest in 850,000 of Chesapeake’s net oil and natural gas leasehold acres in the Mississippi Lime play in northern Oklahoma (425,000 acres net to Sinopec).

Nigeria: Total announces the sale of its participating interest in the offshore OML 138
Total announces that it has finalized an agreement to sell its 20% contractor interest in OML 138 block to a wholly owned subsidiary of China Petrochemical Corporation (Sinopec), for approximately US$2.5 billion in cash (subject to post-closing adjustments). The agreement is subject to approval by the Nigerian authorities.

Update on Australia Pacific LNG’s US$8.5 billion project finance facility
Australia Pacific LNG today confirmed that all conditions precedent have been satisfied for its US$8.5 billion project finance facility, which will support the development of the Australia Pacific LNG coal seam gas (CSG) to liquefied natural gas (LNG) project in Queensland.

Australia Pacific LNG completes additional Subscription Agreement with Sinopec
Origin Energy Limited (Origin) advises that the Subscription Agreement facilitating the acquisition by Sinopec Group (Sinopec) of an additional 10 per cent shareholding in Australia Pacific LNG Pty Ltd (Australia Pacific LNG) has completed.

China EXIM finalises Australia Pacific LNG project finance documentation
Australia Pacific LNG today announced The Export-Import Bank of China (China EXIM) has signed final definitive project finance documentation as part of the previously announced US$8.5 billion project finance facility.

Upgraded volumes in Brazilian pre-salt discoveries
Statoil (OSE: STL, NYSE:STO) together with operator Repsol Sinopec and partner Petrobras confirm the significant potential of the pre-salt block BM-C-33 in the Campos basin offshore Brazil.

Australia Pacific LNG secures US$8.5 billion in project finance
Origin Energy Limited (Origin) has announced that Australia Pacific LNG Pty Limited (Australia Pacific LNG) has signed agreements with a syndicate of domestic and international commercial banks and export credit agencies for an US$8.5 billion project finance facility.

Ex-Im Bank Approves Nearly $3 Billion in Export Financing for U.S. Goods and Services to Australia Pacific LNG Project
The Export-Import Bank of the United States (Ex-Im Bank) has authorized a $2.95 billion direct loan to support U.S. exports to the Australia Pacific liquefied natural gas (LNG) project. The transaction is Ex-Im’s second-largest single-project financing in history and is also the Bank’s first LNG project in Australia.