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Integrated Oil & Gas

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Shell divests from Norway's Polarled pipeline, cuts Nyhamna stake

Friday, 20 Oct 2017

Oct 20 (Reuters) - Royal Dutch Shell Plc :Says agreed to sell its 9 percent stake in the Polarled gas pipeline venture and a 3 percent stake in the Nyhamna gas processing plant to Cape Omega for an undisclosed sum.Says Shell will retain a 12.03 percent stake in Nyhamna.Says Shell's holding in the Ormen Lange field, supplying gas to Nyhamna, will remain unchanged at 17.8 percent.Cape Omega is owned by private equity investment firm HitecVision.Polarled pipeline expected to start transporting gas from Norway's Arctic Aasta Hansteen field to Nyhamna in 2018.

Aker Solutions wins NOK 1 bln Njord A contract from Statoil

Friday, 17 Mar 2017

Aker Solutions Asa : Aker Solutions secures 1 billion Norwegian crowns ($117.64 million) in work for Njord A upgrade for Statoil . Aker solutions' share of work is valued at about nok 1 billion and will be booked in company's first-quarter orders . Aker Solutions will provide design engineering for the upgrading of the semi-submersible Njord A platform in Norway . The company will as a subcontractor of Kvaerner take part in upgrading the platform after operator Statoil exercised an option in an agreement awarded in April 2016 [nASN00061Y] . This is the largest offshore platform in Norway to have been brought to shore for a total upgrade," said Luis Araujo, chief executive officer of Aker Solutions . Aker Solutions' office in Bergen will execute the engineering work with support from the company's division in Oslo, working as part of an integrated team with Kvaerner . The work has already started and will at its peak involve about 330 Aker Solutions' employees .Delivery is scheduled for spring 2020.

Paramount Resources Ltd says 2017 sales volumes projected to average approx. 20,000 boe/d

Wednesday, 15 Feb 2017

Paramount Resources Ltd : Paramount resources ltd. Provides operational update and preliminary 2017 outlook . Paramount resources ltd - paramount's 2017 capital program is expected to total approximately $325 million . Paramount resources ltd - sales volumes in 2017 are projected to average approximately 20,000 boe/d . Paramount resources ltd - sales volumes are expected to average over 30,000 boe/d in q4 of 2017 . Paramount resources - in sept 2017, karr-gold creek sales volumes are anticipated to be impacted by planned shut-down of third party gas processing plant . Paramount resources ltd - annual operating costs for 2017 are anticipated to average approximately $10.00 per boe .Paramount resources - q4 2017 operating costs are expected to be lower than in first part of year because of ramp-up in production volumes at karr-gold creek.

Keyera qtrly earnings per share $0.19

Tuesday, 14 Feb 2017

Keyera Corp : Keyera Corp. announces year end 2016 results . Keyera Corp - announced plans to construct a new NGL gathering pipeline system that will provide producers in West Central Alberta . In 2017, Keyera expects to invest growth capital of between $600 million and $700 million . Keyera - estimated $147 million keylink system is targeted to be operational by mid-2018 . Keyera - project to expand liquids handling capacity at simonette gas plant to meet customers' growing needs . Keyera - project is estimated to cost $100 million and to be operational by mid-2018 .Keyera corp qtrly earnings per share $0.19.

Paramount Resources Ltd provides update on operations and midstream sales process

Wednesday, 20 Jan 2016

Paramount Resources Ltd:Provides update on operations and midstream sales process.Says fourth quarter 2015 sales volumes averaged approximately 45,000 boe/d, including 10,000 boe/d of condensate.Continues to implement measures to reduce its cost structure while maximizing the efficiency and effectiveness of its operations.Says production in the fourth quarter was impacted by a scheduled ngls pipeline outage.Fourth quarter production was also impacted by an unscheduled outage at the third-party operated smoky deep cut plant.Has reduced its permanent workforce by approximately 15 percent and eliminated most of the corporate consultant positions.Employee salaries have been reduced by five percent in 2016 and rates for contract work have been reduced by 10 to 15 percent.Says general and administrative expenses are expected to be reduced by more than 15 percent in 2016.Labour and travel costs for the company's field operations are expected to be reduced by 12 to 15 percent in 2016.Currently conducting a process for the potential sale of certain of its midstream assets in the kaybob operating unit.No assurance that mistream sales process will result in a definitive sale agreement being entered into or a sale being consummated.

Total SA plans maintenance at UK's 207,000 bpd Lindsey refinery in summer - Reuters

Thursday, 17 Dec 2015

Total SA:Total will shut down one of two crude distillation units (CDU) for planned maintenance at its 207,000 barrel per day Lindsey refinery in Britain in June and July next year, a spokesman said on Thursday. - RTRS."We will have a turnaround which will involve work to transfer to the new structure of the operational units," he said in an email. - RTRS.He added the previously announced permanent shutdown of the second CDU will take place in September, halving the total capacity of the plant on the east coast of England. - RTRS.The restructuring plan will involve cutting the workforce by 180 positions to 400. Total said in February that it was looking to increase the plant's efficiency and competitiveness - RTRS.

PetroChina announces reorganization between subsidiaries

Thursday, 26 Nov 2015

PetroChina Co Ltd:Says Kunlun-based energy company to merge a Kunlun-nased fuel gas company.The company current holds 58.33 pct stake in Kunlun-based energy company and holds 100 pct stake in Kunlun-nased fuel gas company.


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