Killajoules

Centrica signs £2bn gas deal with Qatar to secure LNG for the UK
Centrica plc, the parent company of British Gas, today announced it has entered into an agreement for a unique three year contract with Qatargas to deliver 2.4 million tonnes per annum of liquefied natural gas (LNG) to the UK Isle of Grain facility.

BP to Sell Package of UK Upstream Assets
BP announced today the intention of selling its interests in a number of operated oil and gas fields in the UK. The assets involved are the Wytch Farm onshore oilfield in Dorset and all of BP’s operated gas fields in the Southern North Sea, including associated pipeline infrastructure and the Dimlington terminal.

Shell receives offer for Stanlow refinery in the UK
Shell today confirmed it has received an offer from Essar Energy to buy its 272,000 barrel-per-day Stanlow refinery and associated local marketing businesses in the UK for a total expected consideration of some $1.3 billion.

Premier Oil Exploration Update
North Sea

IGas to acquire Nexen Exploration U.K. Limited
The Board of IGas, a domestic gas producer and leading developer of unconventional gas resources in the UK, is delighted to announce the signing of an agreement (“the Agreement”) with Nexen Petroleum U.K. Limited, a wholly owned subsidiary of Nexen Inc (‘Nexen’), to acquire Nexen Exploration U.K. Limited, and as a result, IGas Group will become the operator and sole owner of each of its licences (subject to approval of change of control by DECC).

AMEC awarded £140 million three-year services contract for all BG Group’s North Sea upstream assets
AMEC,the international engineering and project management company, has been appointedby BG Group to provide engineering, procurement, construction, commissioningand project management for all of the BG Group facilities in the central NorthSea, including Armada, North Everest and Lomond platforms.

PetroChina and INEOS announce plans for new trading and refining JV in Europe
PetroChina, through its wholly-owned subsidiary PetroChina International Company Limited, has entered into a framework agreement with INEOS to form a partnership in new trading and refining joint ventures related to the refining operations in Grangemouth (Scotland) and Lavéra (France).

Reef Subsea AS acquires S3, Specialist Subsea Services Ltd, based in Aberdeen, Scotland
Reef Subsea AS announced today that they have acquired the Norwegian company EXS Subsea AS that owns 80% in S3, Specialist Subsea Services Ltd., based in Aberdeen, Scotland.

Total: new gas and condensate discovery in the West of Shetland
Total announces that its affiliate Total E&P UK has made a new gas and condensate discovery in the West of Shetland on the United Kingdom Continental Shelf, close to the currently under development Laggan and Tormore fields.

Petrofac Acquires Interest in UK Gas Storage Company
Petrofac, the international oil & gas facilities service provider, announces that it has acquired a 20% interest in Gateway Storage Company Limited (Gateway), to progress and develop the Gateway Gas Storage project in the East Irish Sea. The cash consideration could be up to £33 million over time, funded from cash resources. This is split into a fixed upfront payment and additional contingent payments subject to key project development milestones being achieved, including the outcome of a further successful equity sales process.