Total has signed an agreement to sell 20% of its interests in the Laggan, Tormore, Edradour and Glenlivet fields, located in the West of Shetland area, to SSE E&P UK Limited Ltd for £565 million (around $876 million), subject to the customary approvals.
Versalis Pacific Trading (Shanghai), a 100% subsidiary of Versalis (Eni), a major producer in the polymers and elastomers industry, announced to have signed an Styrene Butadiene Rubber (SBR) Sales Agreement with Reliance Industries Ltd, an Indian based corporation, to commercialize the rubber produced by Reliance in the new Indian plant.
BASF and PETRONAS Chemicals Group Berhad (PCG) will build a new world-scale production plant for highly reactive polyisobutene (HR-PIB) at the site of their existing joint venture, BASF PETRONAS Chemicals Sdn Bhd, in Kuantan, Malaysia.
Kinder Morgan, Inc. (NYSE: KMI) and Shell today announced that they have reached an agreement for Kinder Morgan to purchase 100 percent of Shell's equity interest in Elba Liquefaction Company, LLC (ELC), the owner of the Elba Liquefaction Project, which is proposed to be constructed and operated at the existing Elba Island LNG Terminal near Savannah, Georgia.
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced today that it has signed an agreement establishing a worldwide non- incorporated alliance with Houston-based OneSubsea®, a Cameron and Schlumberger company, to jointly design, develop and deliver integrated subsea development solutions
VINCI has announced a strategic partnership with Constructora Conconcreto, a leading Colombian construction and real estate development company. This partnership is subject to finalisation of the agreements and the customary closing conditions.
The Investment Committee of SIBUR has approved the expansion of a facility processing raw natural gas liquids (raw NGL) at the Tobolsk production site that is expected to increase the site's capacity from 6.6 mtpa to 8 mtpa.
KBR announced today that it has agreed to enter into two new partnerships with Bernhard Capital Partners (BCP). The first agreement will establish a new, equally owned and managed company, Brown & Root Industrial Services.
Wood Group has acquired BETA Machinery Analysis (BETA), a Calgary-based engineering consultancy specializing in advanced vibration analysis in a deal valued at US$14.3 million.
Total has signed an agreement to sell its 16.67% interest in the Schwedt refinery in northeastern Germany (Brandenburg) to Rosneft, which already holds indirectly an 18.75% stake in the facility. The transaction is valued at $300 million excluding working capital and remains subject to customary approvals.