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Industry Moves Archive: June to August 2005

 Jan - Mar   Apr - May   Sep - Oct   Nov - Dec 
Partners in Idun and Skarv Select Åsgard Transport Line01/06/2005
Partners in Idun and Skarv in the Norwegian Sea - operated by Statoil and BP respectively - opt to send their gas through the Åsgard Transport line to the Kårstø processing plant north of Stavanger.

Halliburton Acquires Thermatek™ Technology02/06/2005
Halliburton's Energy Services Group increases its stake in Thermatek™ underground fluid invasion technology by acquiring all rights and intellectual properties for the echnology, less than two years after acquiring the global license for its use.

Statoil Establishes Houston Office03/06/2005
Statoil opens office in the Texan oil city of Houston to follow up opportunities in the Gulf of Mexico region. According to Bjørn Mortensen, project manager for establishing this facility, roughly 35 people are set to be in place there during 2005.

New Research and Demonstration Centre for Statoil06/06/2005
Plans for Norwegian hydrogen research and demonstration centre in Trondheim drawn up by power generator Statkraft, oil company Statoil and classification society Det Norske Veritas.

BHP Billiton Establishes Base Metals Australia In Adelaide06/06/2005
BHP Billiton to establish Base Metals Australia office in Adelaide to oversee its newly acquired interests in the Olympic Dam copper/uranium mine in South Australia, as well as the Cannington lead/silver/zinc mine in Queensland.

BHP Billiton Locates Global Nickel Base In Perth09/06/2005
BHP Billiton is to base the headquarters of its Stainless Steel Materials business in Perth to oversee its global nickel operations.

Chevron and Unocal Reach Agreement With FTC09/06/2005
Chevron Corporation and Unocal Corporation execute agreements with the Federal Trade Commission staff proposing a settlement to resolve all outstanding FTC issues associated with Chevron's proposed acquisition of Unocal.

London Array Offshore Wind Farm Planning Consents Submitted13/06/2005
CORE Limited, E.ON UK Renewables and Shell WindEnergy Limited consortium, London Array Limited, submit consents and planning applications for London Array offshore wind farm project.

Innovene and Delta Oil to Explore Major Petrochemical Investment13/06/2005
Innovene, BP's petrochemicals and refining subsidiary, and Delta International, a Saudi-owned independent development company, sign Memorandum of Understanding for major investment in Saudi Arabia's petrochemical sector.

Plans for Statoil's Statfjord late life and Tampen Link Approved17/06/2005
Plans for Statoil's Statfjord late life and Tampen Link pipeline projects in the North Sea given green light by the Norwegian Storting (parliament) on 8 June.

Unocal Successfully Starts Thai Oil Expansion Project17/06/2005
Unocal's Thailand subsidiary successfully starts up the second oil central processing platform at the Platong operating area in the Gulf of Thailand.

Hydro's Technal Plans Expansion of Operations in Ireland17/06/2005
Hydro's Technal plans to expand its aluminium building systems operations in Ireland. Technal's plans include relocation to new, larger premises at Tougher Business Park in Naas and a number of appointments in sales and technical support.

Chevron's Acquisition of Unocal Accepted by FTC20/06/2005
Federal Trade Commission notifies Chevron and Unocal that Chevron's plans to acquire Unocal have been accepted by the commission, pending public comment, to settle litigation issues relating to Unocal's U.S. reformulated gasoline patents.

Mubadala Development and Shell Sign MOU20/06/2005
Mubadala Development Company, a wholly-owned investment and development vehicle of the Government of the Emirate of Abu Dhabi, and Shell EP International Ltd, sign agreement intended to lead to the formation of a strategic alliance.

Eni Gets Green light for TAG Pipeline Expansion21/06/2005
The Trans Austria Gasleitung (TAG) pipeline which transports Russian gas to Italy through Austria is to be expanded. Investment for the expansion of the TAG pipeline amounts to €130m and works will be carried out by TAG GmbH, a company jointly owned by Eni and the Austrian company OMV.

Green Light from UK for Statfjord Late Life22/06/2005
Statfjord late life project in the North Sea approved by UK authorities on 17 June. The Norwegian authorities sanctioned the project earlier this month.

Gazprom, Hydro and Statoil Sign Northern Areas Agreement23/06/2005
Gazprom, Hydro and Statoil will enter into a cooperation to identify oil and gas resources and develop technological solutions for oil and gas activities in far northern regions.

Unocal Receives Proposal from CNOOC23/06/2005
Unocal Corporation receives proposal from CNOOC Limited, an affiliate of China National Offshore Oil Company, to acquire all outstanding shares of Unocal for $67 per share in cash.

Chevron Responds to Unocal's Statement on CNOOC Offer23/06/2005
Chevron Corporation defends merger agreement as Unocal receives offer from CNOOC. Chevron's merger agreement with Unocal already approved by the the boards of both companies.

Apache's North Sea Forties Field Resumes Production23/06/2005
Apache Corporation brings the company's Forties Field back on production after a BP plant outage on 20 June caused BP's Forties Pipeline System to shut down.

Unocal Receives Waiver from Chevron for CNOOC Discussions24/06/2005
Unocal Corporation receives waiver from Chevron Corporation enabling Unocal to engage in discussions with CNOOC and its representatives concerning a transaction proposed by CNOOC Limited at any time until the date of the Unocal stockholder vote on the proposed merger with Chevron.

AMEC Offer to Purchase Nuclear Services Business NNC Holdings24/06/2005
AMEC offer to buy NNC Holdings Limited, a UK private sector nuclear services business. Offer has been recommended by the Board of NNC and irrevocable acceptances received from shareholders holding 100% of the equity in issue.

Centrica and Gaz de France to Acquire Belgian Energy Company29/06/2005
Centrica plc through a 50/50 JV with Gaz de France SA conditionally agrees to acquire a controlling 51 per cent stake in SPE SA. SPE is the second largest power generation company in Belgium with around 1.6 GW of principally gas-fired production capacity and around 400 MW of capacity.

Hydro Signs Offshore Wind Power Deal in UK29/06/2005
Hydro signs agreement to buy a 50 percent stake of Scira, a UK-based wind power group established to develop wind power in the UK. Scira has rights to build a 315 megawatt offshore wind power farm off the coast of Norfolk in England.

SEC Clears Chevron - Unocal to Hold Stockholder Vote29/06/2005
SEC clears Chevron Corporation's registration statement for the Unocal transaction, providing the company the ability to have its merger agreement with Unocal Corporation sent to Unocal stockholders for a vote on August 10, 2005.

Merger into Royal Dutch Shell Approved by Shareholders30/06/2005
Shareholders in London and The Hague on Tuesday gave their assent to merging Royal Dutch Petroleum with Shell Trading & Transport, ending a century-old dual corporate structure at Royal Dutch Shell.

Unocal Sets Date of Special Meeting for Vote on Chevron Merger30/06/2005
Unocal Corporation's board of directors has set Aug. 10, 2005, as the date of the special meeting of Unocal's stockholders at which a vote is scheduled to be taken on the proposed merger with Chevron Corporation.

Nexen to Close Amherstburg Chemicals Plant30/06/2005
Nexen Inc. to close its sodium chlorate plant, effective July 31, 2005, located in Amherstburg, Ontario. The plant, with a capacity of 54,000 annual metric tonnes, has been running at reduced operating levels for several months as a result of high electricity costs.

Marathon's Acquisition of Ashland Inc.'s Interest in Marathon Ashland Petroleum Approved By Ashland Shareholders30/06/2005
Marathon Oil Corporation advised by Ashland Inc. that its shareholders have approved the previously announced agreement under which Marathon will acquire Ashland's 38% interest in Marathon Ashland Petroleum LLC (MAP), as well as two other complementary businesses, for approximately $3.7-3.9 bn.

Abbot Group to Acquire Prosafe Drilling Services AS30/06/2005
Abbot Group plc, the offshore platform drilling contractor in the UK sector of the North Sea and one of the largest international land drilling operators outside the Americas, to acquire Prosafe Drilling Services AS and its subsidiaries, a Norwegian North Sea drilling contractor, for a consideration of £75.4 million.

BP and Partners Plan Clean Energy Plant in Scotland30/06/2005
BP, ConocoPhillips, Shell and Scottish and Southern Energy (SSE), are to commence engineering design of the world's first industrial scale project to generate 'carbon-free' electricity from hydrogen.

Statoil and KazMunayGas Sign Cooperation Deal in Kazakhstan01/07/2005
Memorandum of Understanding signed by Kazakhstan state oil company KazMunayGas and Statoil, creating the framework for negotiating a Caspian exploration and development project.

Mongstad Power Licence Sought by Statoil01/07/2005
An application to build a combined heat and power station at the Mongstad refinery near Bergen is being submitted today by Statoil to the Norwegian Water Resources and Energy Directorate

AMEC Acquire French Engineering Company PK SAS04/07/2005
AMEC has announced the acquisition of PK SAS, a French electrical engineering company with net assets of €765,000 (£515,000).

Fluor Selects Las Colinas, Texas as its New Global Headquarters19/07/2005
Fluor Corporation has chosen the Las Colinas business community within the city of Irving, Texas, as the location for its new corporate headquarters. The decision followed an extensive analysis of several existing facilities and build-to-suit office locations in the Dallas/Ft. Worth metroplex.

Unocal Accepts Increased Offer from Chevron20/07/2005
Chevron Corporation and Unocal Corporation announce amended merger agreement, which provides for an increase in the consideration to be received by Unocal stockholders.

Shareholder Presses Unocal Board to Reconsider CNOOC Bid25/07/2005
A major shareholder of Unocal Corporation urges the company's board to reconsider its endorsement of a takeover bid by Chevron over a higher offer by a Chinese state-owned oil company, saying the board may be breaking the law if it enters into a deal that forbids it from obtaining higher offers.

Babcock Exits Non-Core Health & Safety Training Business26/07/2005
Babcock International Group PLC sells Pivotal Services Group, the health and safety training and product supply business, to Hire Station Limited, a subsidiary of Vp plc. Pivotal Services formed part of Babcock's non-core Health, Safety and Environmental business.

ScottishPower Sells UK Gas Storage Project for £96 million27/07/2005
ScottishPower sells its underground natural gas storage project at Byley to E.ON UK plc in a £96 million transaction that also includes ScottishPower securing a 15-year storage contract for a substantial portion of the planned capacity.

Statoil Accept Fine for Mongstad Fire28/07/2005
Statoil resolves to accept penalty of NOK 1.5 million imposed by the chief of police for Hordaland county following a fire at the group's Mongstad refinery on 12 July 2004. Direct cause of fire was an escape of hot oil into a steam hose during preparations for replacing a valve.

Belarus and Russia Discuss Construction of Second Pipeline28/07/2005
Presidents of Belarus and Russia discussed construction of the second line of the Yamal-Europe natural gas pipeline at a recent meeting, Belarussian President Alexander Lukashenko said Tuesday, according to a report by Russia's Itar-Tass news agency.

Devastating Fire on ONGC's Oil Platform off Mumbai Coast29/07/2005
Death toll in devastating fire at Oil and Natural Gas Corporation's oil platform off the Mumbai coast has risen to 12 with 15 people still reported missing. Around 348 people rescued so far with efforts continuing to rescue and locate the missing.

Veolia Water Systems Purchases Weir Techna01/08/2005
Veolia Water Systems purchases the water and wastewater businesses of Weir Techna, a division of the Weir Group Plc. The businesses will continue to pursue the same markets in which they were involved prior to the change of ownership.

Unocal Wins ISS Support for Merger With Chevron01/08/2005
Unocal Corporation said today that Institutional Shareholder Services (ISS) recommended that Unocal stockholders vote for the merger with Chevron Corporation at the special meeting of Unocal stockholders scheduled for 10 August 2005.

BASF and Shell Chemicals Complete Sale of Joint Venture Basell03/08/2005
BASF and Shell Chemicals complete sale of their 50-50 joint venture Basell, a manufacturer of polyolefins, to Nell Acquisition S.a.r.l., an affiliate of New York-based Access Industries.

CNOOC Withdraws Its Offer For Unocal03/08/2005
CNOOC's fully financed offer to acquire all of Unocal's outstanding shares for cash at a price of $18.5 billion has been withdrawn.

Glass Lewis Make Recommendation to Unocal Stockholders04/08/2005
Glass Lewis & Co. and Proxy Governance, Inc., independent proxy advisory firms, recommended Unocal stockholders vote for merger with Chevron Corporation at the special meeting of Unocal stockholders scheduled for 10 August 2005.

Iran Willing To Incur Pipeline Cost09/08/2005
Iran's Deputy International Affairs Minister M.H. Nejad Hossinian has said Iran is ready to bear the cost of a proposed trilateral 2,600 km natural gas pipeline within the country itself. The proposed pipeline project would deliver Iranian natural gas to India and Pakistan.

Statoil Sign Cooperation Deal With Sonatrach09/08/2005
Memorandum of understanding has been signed by Algerian national energy company Sonatrach and Statoil covering cooperation between the two groups in Algeria, Norway and internationally.

Kerr-McGee Implements Strategic Plan With North Sea Sale11/08/2005
A wholly owned affiliate of Kerr-McGee Corporation enters into purchase and sale agreements to sell all of the company's North Sea operations to Centrica plc and Maersk Olie og Gas AS.

Unocal Stockholders Approve Merger With Chevron11/08/2005
Stockholders of Unocal Corporation approve merger agreement between Unocal and Chevron Corporation at Unocal's special meeting of stockholders. The combined company will be the fourth largest publicly traded energy company in the world in terms of oil and gas production.

Chevron Enhances Growth Strategies With Unocal Merger11/08/2005
Chevron Corporation has completed its merger with Unocal Corporation and confirms the continued employment of more than 5,000 Unocal employees. Chevron intends to make employment offers to many of the remaining 1,400 Unocal employees and to conclude the selection process by the end of September.

Independent Panel to Review U.S. Refinery Safety23/08/2005
BP to appoint independent panel to review safety management systems and corporate safety culture of BP Products North America Inc, the subsidiary responsible for its U.S. refining operations.

Statoil Sign Agreement with Murmansk24/08/2005
Letter of intent on technical and economic cooperation in the Murmansk region concluded by Statoil on 18 August with local county authorities for this part of north-west Russia.

Norwegian Duo Likely on Shtokman Gas Fields25/08/2005
Russian presidential representative Ilja Klebanov hopes for clarification of partners on enormous Shtokman gas field in the Barents Sea within the next few months, and at least by the end of the year.


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