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Industry Moves Archive: September to October 2005

 Jan - Mar   Apr - May   Jun - Aug   Nov - Dec 
 
 
Kerr-McGee Resume Gulf of Mexico Ops Following Hurricane01/09/2005
Kerr-McGee Corp. completes initial assessment of its Gulf of Mexico facilities and all of its major operated facilities are intact, with no structural damage from Hurricane Katrina observed. The company has begun returning workers to the gulf to further assess facilities and is restarting production and drilling activities.


Petrofac Resources Takes Hewett Field Equity01/09/2005
Petrofac Resources, the investment division of Petrofac, signs agreement to acquire Centrica plc's 23.15% equity stake in the Tullow Oil operated Hewett Field Unit area in the UK North Sea.


Apache Assessment of Hurricane Katrina Damage02/09/2005
Apache Corporation reports to U.S. Minerals Management Service and U.S. Coast Guard that it lost eight of its production platforms in Hurricane Katrina.


Nexen Report Only Minor Damage From Hurricane Katrina05/09/2005
Nexen Inc. announced that initial inspections of Gulf of Mexico production facilities indicate only minor damage as a result of Hurricane Katrina.


Marathon Update Hurricane Katrina Impact04/09/2005
Marathon Oil Corporation update concerning the Company's response to Hurricane Katrina. Efforts continue to resume refining operations at the Company's 245,000 barrel per day Garyville, La., refinery. Baring any unforeseen problems, expectations are that all seven Marathon refineries will be operating at capacity on Monday.


BP Provide Hurricane Katrina Update05/09/2005
BP accounts for all but one of its employees located in the area impacted by Hurricane Katrina. BP has not identified any significant issues with the BP-operated platforms in the deepwater Gulf of Mexico. Most of BP's oil and gas production from these facilities is shut-in due to the ongoing lack of power and the consequent failure of the delivery infrastructure.


Petrofac To Proceed With Initial Public Offering On LSE05/09/2005
Petrofac to proceed with an initial public offering of its shares (the Offer) to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange.


Woodside Energy Acquires Gryphon Exploration Company05/09/2005
Woodside Energy (USA) Inc, a wholly owned subsidiary of Woodside Petroleum Ltd., expands its offshore interests in the Gulf of Mexico by acquiring the Houston-based Gryphon Exploration Company.


Nexen Scott Platform Evacuated in Gas Leak Scare06/09/2005
Suspected gas leak on Nexen Petroleum UK operated Scott platform in the North Sea commenced a mass evacuation of 138 offshore workers to nearby installations yesterday. All non-essential personnel on board were airlifted by helicopter after a gas was detected at around 11.20am.


Xodus Created by Former Genesis Employees06/09/2005
New Oil and Gas Consultancy in Aberdeen set up by finance director Simon Cowie comprising former employees of Genesis Oil and Gas Consultants. Xodus which specialises in software products and engineering services for upstream oil and gas has a 20 strong team who left their former employer to join the venture.


Eni Sells 100% of IP Shareholding to api07/09/2005
Eni sells its 100% shareholding in IP (Italiana Petroli S.p.A) to api (anonima petroli italiana S.p.A.) for 190 million euro. Sale was authorised on 25 August 2005 by the Italian Antitrust Authority.


Apache Restores 76 Percent of Gas Production, 60 Percent of Oil Output Shut In By Hurricane Katrina07/09/2005
Apache Corporation reports that, seven days after Hurricane Katrina, 76 percent of gross operated natural gas production shut-in because of the storm and 60 percent of operated oil production in storm-affected areas restored to pre-storm levels.


Expro Group Open New Expro Technology Centre in Aberdeen07/09/2005
Expro International officially opened its new Expro Technology Centre in Aberdeen on Tuesday, September 6, to cater for its continued expansion. Expro employs some 750 of its 2400 global workforce in Aberdeen.


Chevron Updates Hurricane Impacts08/09/2005
Chevron said that overwhelming majority of its 4,000 employees in areas affected by Hurricane Katrina are safe and secure and that business resumption efforts are progressing. Prior to the hurricane, Chevron safely evacuated all of its employees and contractors from offshore facilities in the U.S. Gulf of Mexico.


BHP Billiton Report Most Gulf of Mexico Output Restored09/09/2005
BHP Billiton report that production has restarted at most of its Gulf of Mexico oil wells which stopped production last week due to Hurricane Katrina.


CNOOC and CNPC Combine Skills for Exploration Offshore Kazakhstan12/09/2005
China National Offshore Oil Corporation said last week it will explore oil and gas offshore Kazakhstan with China National Petroleum Corporation in their first overseas tie-up.


Oil Executives Warn Against North Sea Tax Rises12/09/2005
Senior oil executives warn the U.K. Chancellor of the Exchequer Gordon Brown that any attempt to raise taxes on the industry could have a disastrous effect on North Sea production.


Shell Report Upstream Ops in Western Gulf Mexico Reopened12/09/2005
Royal Dutch Shell (RD) said on Friday that production is now flowing and ramping up from all Shell-operated assets in the Western Gulf of Mexico (GoM) that were shut in because of Hurricane Katrina.


Air Products Liquid Hydrogen Supply Situation Improving14/09/2005
Air Products updates liquid hydrogen supply and status of its New Orleans, La. production facility impacted by Hurricane Katrina. Company reported it has been able to secure additional hydrogen supplies from other sources and find different ways to improve the liquid hydrogen shortage situation with product management.


ScottishPower's PPM Secures 300 MW of New Wind Turbines14/09/2005
ScottishPower's competitive US energy business, PPM Energy agrees to purchase 300 megawatts of wind turbines from GE Energy for use in projects in late stage development expected to be built during calendar 2006.


EnCana to Sell its Oil and Pipeline Business in Ecuador15/09/2005
EnCana Corporation reach agreement to sell all of its shares in subsidiaries which have oil and pipeline interests in Ecuador to Andes Petroleum Company, a joint venture of Chinese petroleum companies, for approx US$1.42 billion cash. Sale will have an effective date of July 1 2005 and is expected to close before year-end.


Apache Updates Post-Katrina Production Restoration15/09/2005
Apache Corporation restores 81 percent, or 459 million cubic feet (MMcf) per day, of its gross operated natural gas production and 65 percent, or 45,600 barrels per day, of its gross operated oil production in the company's Gulf Coast Region that had been shut-in due to Hurricane Katrina.


Hydro to Acquire Spinnaker Exploration20/09/2005
Hydro to acquire Spinnaker Exploration Company in an all-cash transaction for USD 2.45 billion. Acquisition will substantially boost Hydro's presence and growth potential in the US Gulf of Mexico.


Centrica Boosts Power Generation Portfolio21/09/2005
Centrica plc boosts its power generation portfolio by increasing its interest from 60 to 100 per cent in Humber Power Limited, which owns the gas fired 1260MW South Humber Bank power station in North Lincolnshire.


BP Agrees to Safety Improvements at Texas City Refinery26/09/2005
BP Products North America Inc. undertake corrective actions at the company's Texas City refinery as part of a settlement reached with the U.S. Occupational Safety and Health Administration.


Marathon Oil Updates Operations Impacted by Hurricane Rita27/09/2005
Marathon Oil Corporation provides the following update concerning company operations impacted by Hurricane Rita.


Chevron Updates Activities in Gulf Region After Hurricane Rita27/09/2005
Chevron Corporation begin moving refined products to retailers in Texas and Louisiana and is actively assessing effects to its operations in the Gulf of Mexico region following Hurricane Rita.


Eni and Sonatrach Set Up New Company Transmed SpA28/09/2005
Eni and Algeria's Sonatrach set up Transmed S.p.A., a new joint-owned company to commercialise additional natural gas capacity carried through pipelines owned by Transmediterranean Pipeline Company Ltd (TMPC).


BHP Billiton Production Platform Damaged By Hurricane Rita28/09/2005
Initial assessment of BHP Billiton assets in the Gulf of Mexico following Hurricane Rita reveal that the Typhoon tension leg platform (located in 2,000 feet of water in Green Canyon area Blocks 236/237, approximately 165 miles south-southwest of New Orleans) was severed from its mooring and suffered severe damage.


Gazprom and Uzbekistan Sign Gas Transportation Deal29/09/2005
Gazprom and Uzbekistan's national energy company sign a four-year deal which would allow transit of natural gas that Russia buys in neighbouring Turkmenistan via Uzbek territory.


ExxonMobil To Double Investment in Africa By End of Decade29/09/2005
ExxonMobil plans to double by the end of the decade the $12 billion it has invested in Africa in the last five years, ExxonMobil President Rex Tillerson said.


Nexen Provides Initial Damage Report from Hurricane Rita29/09/2005
Nexen stated yesterday that initial inspections of their Gulf of Mexico production facilities reveal mostly minor damage. Only two platforms - Vermillion 321 and 340 - sustained significant damage.


Gazprom Launches $13 Billion Sibneft Takeover29/09/2005
Gazprom launche $13 billion bid for fellow Russian energy company Sibneft, a move aimed at adding crude oil to the production slate of the world's biggest natural gas company. The deal, sent to Gazprom's board of directors for approval, seeks the 72.7% stake in Sibneft currently held by Millhouse Capital, an investment company controlled by Roman Abramovich.


AMEC Tests Prove Successful For Radioactive Waste Remediation04/10/2005
Two full-scale GeoMelt® tests by AMEC have proved promising for the future remediation of radioactive waste at the world's largest environmental cleanup project - the Hanford Site in Washington state.


Marathon Oil - Hurricane Rita Update04/10/2005
Marathon Oil issued the following update concerning company operations impacted by Hurricane Rita.


Kerr-McGee Completes Sales of Nonoperated U.K. Assets06/10/2005
Kerr-McGee completes the sale of its interests in four nonoperated fields in the U.K. sector of the North Sea and related exploratory acreage and facilities for approximately US$566 million.


Apache Updates Production Impact of Gulf Hurricanes06/10/2005
Apache Corporation has said that approximately half of its gross operated natural gas production and one-third of its gross operated oil production on- and offshore in the Gulf of Mexico are back on-stream in the wake of hurricanes Katrina and Rita.


Halliburton Sells Westport Technology Center to Intertek Caleb Brett07/10/2005
Halliburton's Energy Services Group reaches agreement to sell its Westport Technology Center to Intertek Caleb Brett, a division of Intertek Group plc, specialising in outsourcing, testing, inspection, certification and related services. Intertek has acquired the assets, contracts, technology and intellectual property assets of Westport Technology Center International.


BP Agrees Sale of Petrochemicals Business Innovene to INEOS07/10/2005
BP to sell Innovene, its olefins, derivatives and refining group, to UK-based INEOS. The $9 billion cash sale, subject to regulatory approvals, includes all Innovene's manufacturing sites, markets and technologies.


Iran Pipeline Suffers Huge Fire10/10/2005
Firefighters are continuing efforts to extinguish a huge fire at the Abadan-Mahshahr pipeline in Iran's oil-rich southwestern province of Khuzestan, the Oil Ministry's information network reported on Saturday.


Chevron Invests in New Deepwater Gulf of Mexico Project11/10/2005
Chevron proceeds with development of Blind Faith Field in deepwater Gulf of Mexico. The field will be developed using a semisubmersible production facility, with first production expected during the first half of 2008. Chevron is the operator and holds a 62.5 percent working interest. Chevron's partner in the Blind Faith project is Kerr-McGee Corp., which holds a 37.5 percent interest.


Petronas Signs Two Joint Effort Deals with Uzbekistan12/10/2005
Petronas, through subsidiaries Petronas Carigali Sdn Bhd and Petronas Carigali Overseas Sdn Bhd, sign Memorandum of Cooperation (MOC) and Joint Study Agreement (JSA) with Uzbekneftegaz National Holding Company (UNG), the national oil company of Uzbekistan.


Jacobs Expands to Appleton in Support of Kimberly-Clark19/10/2005
Jacobs Engineering to open new office in Appleton, Wisc., to support its expanding relationship with Kimberly-Clark. The new Jacobs office is to provide engineering design and project activities.


Celebrations Mark Major Step Towards BTC Pipeline Completion19/10/2005
Inauguration of Georgian section of the Baku-Tbilisi-Ceyhan oil pipeline marks major step towards completion of this strategically important energy project, which will deliver major new oil resource to global markets.


BP To Construct New Headquarters In Aberdeen19/10/2005
BP recently announced plans for a new 200,000 square feet office complex in Dyce, just outside Aberdeen. This new building will be BP's headquarters for its Exploration and Production activities in the UK, Norway and the Netherlands. BP aims to move all 950 of its staff and a further 200 contract workers by the end of 2007.


BP and HPCL Sign Letter of Intent for Joint Venture in India19/10/2005
BP p.l.c. and Hindustan Petroleum Corporation Limited (HPCL) sign LOI to form 50/50 strategic joint venture covering the refining and marketing sector in India. One of the JV's first major projects will be the construction of a $3 billion refinery at Bhatinda, in Punjab, India.


Gazprom Receives Russian Cabinet Approval In Sibneft Deal19/10/2005
Prime Minister Mikhail Fradkov's government approves state-controlled gas monopoly OAO Gazprom's purchase of Sibneft oil company in a deal that will give the state control over one-third of Russia's oil output.


Halliburton Agrees to Acquire EasyWell Solutions21/10/2005
Halliburton's Energy Services Group, through its affiliates Halliburton Energy Services, Inc. and HESI Norge Holdings, AS, signs agreement to purchase Easy Well Solutions AS, a Norwegian based company with unique downhole technologies with applicability to multiple Halliburton business units.


EnCana Unaware Of Any Takeover Bid24/10/2005
EnCana Corporation not aware of any intention by any party to make an offer to purchase all of the issued and outstanding shares of EnCana, nor is EnCana in discussions with any party with respect to the purchase of its issued and outstanding shares.


Talisman to Acquire Paladin Resources Plc24/10/2005
Talisman Energy Inc.reaches agreement with Paladin Resources PLC on the terms of a cash offer by Talisman Energy Resources Limited, a wholly-owned subsidiary of Talisman, for all of the shares of Paladin at an aggregate price of approximately Pounds Sterling 1,218 million (C$2,521 million).


Rubicon Response Launch Emergency Response Service Centre27/10/2005
Emergency response and crisis management provider, Rubicon Response, launch state of the art integrated Emergency Response Service Centre (ERSC) in Aberdeen. The ERSC, to open in December, has been developed to provide multiple North Sea operators with access to a dedicated and professional emergency management service.


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