VINCI Energies has finalised the acquisition of Imtech ICT, the information and communication technologies division of Imtech, as well as the acquisition of the Electrix company from McConnell Dowell, a subsidiary of South African group Aveng.
DONG Energy has agreed to divest 5% of the UK Edradour field to Total E&P UK Limited which when completed results in an aligned DONG Energy participation of 20% in the four UK West of Shetland fields, Laggan, Tormore, Edradour and Glenlivet. Total is the sole co-owner (80%) and operator of the fields.
Gate terminal (main shareholders Gasunie and Royal Vopak) today announces that it has signed a financing agreement with the European Investment Bank (EIB) and four other banks that already participate in the syndicate of ten international banks which currently provide long term financing to Gate terminal.
Statoil together with co-owners in the Stampede development in the Gulf of Mexico today announced it has sanctioned this project.
Chevron Corporation (NYSE: CVX) announced today that its subsidiary, Union Oil Company of California (Union), has reached a final investment decision to proceed with the development of the Hess Corporation-operated Stampede project in the deepwater U.S. Gulf of Mexico. Stampede is a deepwater subsea development, which will be tied-back to a newly constructed Tension Leg Platform.
BASF will expand the production capacity of its existing world-scale production plant for tertiary Butylamine (tBA) at the Nanjing Chemical Industry Park in China. The company plans to increase the existing production capacity by 60 percent, from 10,000 tons to 16,000 tons per year. The expansion is expected to come on stream in early 2015, subject to regulatory approval.
Total announces that its wholly owned subsidiary Total E&P Norge AS has signed an agreement to sell an 8% interest in the Gina Krog field in Norway, together with its interests in the mature fields of Vilje (24.243%), Vale (24.243%) and Morvin (6%), to PGNiG Upstream International.
ABB today celebrated the official grand opening of its Measurement Products business unit expansion in Bartlesville, Oklahoma. The facility designs, develops and manufactures natural gas & liquids measurement products and analyzers, as well as software applications and system solutions for the global oil & gas market.
ABB, the leading power and automation technology group, and global wind energy company Vestas today signed a partnership agreement whereby they will contribute with their respective technologies to help rural communities in developing markets gain access to affordable clean electricity.
Eni signed today a cooperation agreement with Korea Gas Corporation (KOGAS) to further strengthen their relationship in a number of areas, particularly in the upstream and LNG sectors. The agreement will allow the companies to jointly pursue opportunities worldwide.