Killajoules

Shale gas gets support from MPs in new report
Shale gas drilling in the UK has been given the go-ahead by MPs in a new report looking at the impact it could have on water supplies, energy security and greenhouse gas emissions.

BP Agrees Sale of Wytch Farm to Perenco UK Limited
BP announced today that it has agreed to sell its interests in the Wytch Farm, Wareham, Beacon and Kimmeridge fields to Perenco UK Ltd ('Perenco') for up to $610m in cash. The price includes $55m contingent on Perenco's future development of the Beacon field and on oil prices in 2011-13.

Qatargas signed a Sales and Purchasing Agreement to supply LNG to Centrica
Qatargas signed last Thursday (21 April 2011) a Sales and Purchasing Agreement (SPA) to supply liquefied natural gas (LNG) to Centrica plc, the largest supplier of gas to customers in the UK.

Qatargas Welcomes First Q-Max Arrival At Isle Of Grain Terminal
Qatargas, the largest LNG producer in the world, today welcomed the milestone of the arrival of the first Q-Max LNG Carrier “Bu Samra” to the Isle of Grain LNG Receiving Terminal in the UK.

Technip awarded North Sea contract by RWE Dea
Technip was awarded a full EPIC(1) contract by RWE Dea, for the Clipper South gas field development in the North Sea. The field is located 70 kilometers North-east of the Bacton gas terminal in 25 meters of water.

Shell sells UK Stanlow refinery to Essar Oil (UK) Limited
Shell today announced it has signed a sales and purchase agreement for its 270,000 barrel-per-day Stanlow Refinery in the United Kingdom and certain associated local marketing businesses with Essar Oil (UK) Limited (Essar) for a total expected consideration of some $1.3 billion. Today’s announcement follows a formal offer Essar made for Stanlow in mid-February.

Technip awarded Subsea contract in the North Sea
Technip has been awarded by TAQA Bratani Ltd. an installation contract for the development of the Falcon field, which is located in the North Sea approximately 560 kilometers northeast of Aberdeen, in 160 meters of water.

Chevron to Sell Pembroke Refinery to Valero
Chevron has reached an agreement with Valero Energy Corporation to sell Chevron Limited, the entity that holds the 220,000 barrel per day Pembroke Refinery and other downstream assets in the United Kingdom and Ireland. The sale price is $730 million, plus an additional payment estimated to be $1 billion for Chevron Limited's inventory and other items. The agreement is subject to customary regulatory approvals and is expected to be completed during the second half of 2011.

Eni announces a significant hydrocarbon discovery in the UK sector of the Central North Sea
Eni announces that the appraisal well 22/25a-10z on the Culzean structure has confirmed the presence of a significant Hydrocarbon Accumulation.

Endeavour Announces Approval of the Rochelle Field Development Plan
Endeavour International Corporation (NYSE Amex: END) (LSE: ENDV) is pleased to announce the United Kingdom Department of Energy and Climate Change (DECC) has approved the Rochelle Field Development Plan (FDP) for Block 15/27 in the Central North Sea, now known as East Rochelle. This approval represents phase one of the development of the Greater Rochelle area.