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Cheniere And EDP Sign 20-Year LNG Sale And Purchase Agreement

SOURCE: Cheniere | 18 December 2014

Cheniere Energy, Inc. ("Cheniere") (NYSE MKT: LNG) announced today that its subsidiary, Corpus Christi Liquefaction, LLC ("Corpus Christi Liquefaction"), has entered into a liquefied natural gas ("LNG") sale and purchase agreement ("SPA") with EDP Energias de Portugal S.A. ("EDP")

Rosneft And Transneft Sign Tariff Agreement For The Construction Of ESPO Pipeline Offshoot To Komsomolsk Refinery

SOURCE: Rosneft | 18 December 2014

Rosneft and Transneft signed a long-term Tariff Agreement as part of their joint project to construct a pipeline offshoot from the East Siberia – Pacific Ocean (ESPO) trunk pipeline to the Komsomolsk Refinery.

Rosneft Acquired Commercial Inflows Of Hydrocarbons On The Licensed Blocks Of Irkutsk Region

SOURCE: Rosneft | 18 December 2014

Commercial inflows of oil, gas and condensate have been acquired in four exploration wells on Rosneft’s licensed blocks, which were handed over to Verkhnechonskneftegaz for operational activities on geologic survey, exploration and production of hydrocarbon crude. According to the results of drilling and probes, maximum rates totaled up to 60 cbm of oil per day and up to 150 cbm of gas per day.

Balfour Beatty Completes Acquisition Of £164m Offshore Transmission Project In Thanet, UK

SOURCE: Balfour Beatty | 18 December 2014

Balfour Beatty, the international infrastructure group, announces today that it has reached financial close and completed the acquisition of the £164 million Thanet offshore transmission project (OFTO) in the UK. Balfour Beatty will invest over £20 million of equity.

BASF To Sell Shares In ELLBA Eastern To Joint Venture Partner Shell

SOURCE: BASF | 18 December 2014

BASF and Shell have reached an agreement for BASF to sell its share in the 50-50 joint venture ELLBA Eastern, Jurong Island, Singapore to Shell. The joint venture, which is operated by Shell, produces styrene monomer and propylene oxide. Financial details of the transaction were not disclosed. Closing is planned for December 31, 2014.

Continued Funding Confirmed For CB&I MOX Project

SOURCE: CB&I | 17 December 2014

CB&I (NYSE: CBI) is pleased to report the U.S. Congress' continued funding for the Mixed Oxide Fuel Fabrication Facility (MOX) project located at the Savannah River Site near Aiken, South Carolina. Congress' 2015 omnibus bill calls for $345 million for continued construction of the MOX project and ensures that the funding must be used for continued construction of the facility in fiscal year 2015.

Who Will Win And Who Will Lose From A Sustained Period Of Lower Oil Prices?

SOURCE: The Economist Intelligence Unit | 17 December 2014

Oil prices have fallen by around 40% since the middle of the year, and The Economist Intelligence Unit forecasts that lower oil prices will persist. In 2015 we are forecasting that Brent will average $80/barrel, rising slightly to $85/barrel in 2016.

ThyssenKrupp Metallurgical Products Concludes Offtake Agreement With NioCorp

SOURCE: ThyssenKrupp | 15 December 2014

ThyssenKrupp Metallurgical Products has expanded its product portfolio and concluded an offtake agreement for ferroniobium, a rare heavy metal, with NioCorp Developments Ltd. Under the ten-year agreement, ThyssenKrupp Metallurgical Products will purchase 3,750 tons of ferroniobium per year, which equates to approx. 50% of NioCorp's total production.

Apache Corporation Announces The Sale Of Wheatstone And Kitimat LNG Projects To Woodside Petroleum Limited

SOURCE: Apache | 15 December 2014

Apache Corporation (NYSE, Nasdaq: APA) today announced it has agreed to sell its interest in two LNG projects, Wheatstone LNG and Kitimat LNG, along with accompanying upstream oil and gas reserves, to Woodside Petroleum Limited (ASX: WPL) for a purchase price of $2.75 billion.

Amec Foster Wheeler Acquires Scopus

SOURCE: Amec Foster Wheele | 15 December 2014

Amec Foster Wheeler announces today that it has acquired Scopus Group (Holdings) Limited (Scopus), a market-leading laser scanning, dimensional control and lean engineering[1] company whose precise survey data is used to engineer piping and structural solutions for the global oil and gas industry.