Gunvor Appoints Stephane Caudron as Head of LNG
Gunvor International B.V., one of the world’s major independent energy companies announces Stephane Caudron will be starting on 1 January 2010 as Head of LNG. Mr. Caudron will join Gunvor from RBS Sempra where he was also Head of LNG. He brings more than 25 years experience in the Natural Gas markets having previously held senior positions in Gaz de France, where he was latterly Managing Director...
Fortune Minerals engages BNP Paribas to arrange NICO Project debt facility
Fortune Minerals Limited announce that it has retained BNP Paribas to provide advice and financial services in connection with the arrangement of a US$ 200-250 million debt facility to finance the construction, start-up and operation of the Company’s NICO Gold-Cobalt-Bismuth-Copper development in the Northwest Territories. Based in Paris, France, BNP Paribas is a world class financial institution...
Gallic announces final approval of Australia exploration rights
Gallic Energy Ltd. along with its wholly owned subsidiaries announce the award of exploration rights for Block L05-8 in the Canning Basin, Western Australia. Gallic has been engaged in the application process for these Canning Basin rights since 2006. The Canning Block comprises an area approximately 294,000 hectares (726,489 acres). Gallic has identified exploration potential that would be the focus...
Ritchie Bros. sells record US$3.57 billion of equipment at 2008 auctions
Vancouver-based Ritchie Bros. Auctioneers conducted its final unreserved auctions of 2008 last week and is pleased to announce a preliminary gross auction proceeds estimate of US$3.57 billion for the year. This represents a 12% increase over 2007 gross auction proceeds, making this the largest year in the Company’s 50-year history. Ritchie Bros., the world’s largest auctioneer of industrial...
Petroplus Comments on Impact of Strike in Fos Sur Mer France
Petroplus Holdings AG confirms that its Cressier refinery has been shut down for planned maintenance since December 1. With yesterday’s completion of the strike in Fos Sur Mer we will be able to re-supply the refinery with crude oil over the next few weeks and begin start-up the first week of January. The original schedule for restarting the refinery was December 12. The Reichstett refinery is currently...
Sterling Announces Agreement Relating to Offshore Romanian Assets
Sterling Resources Ltd. announce that it has signed a Heads of Agreement with Melrose Resources plc relating to the Pelican XIII and Midia XV Blocks located in the Black Sea, offshore Romania. In exchange for a cash consideration and a carry on future investment, Melrose will acquire a 32.5% working interest in the Pelican XIII and Midia XV Blocks. Melrose will make a cash contribution of US $24-million...
MagMinerals Potash Updates a Group of International Development Banks and Export Credit Agencies and Signs Contracts to Further its Potash Project in the Republic of Congo
MagMinerals Potash Corp, a subsidiary of MagIndustries report that on October 9-10th it engaged in two days of meetings organized by its debt funding financial adviser, BNP Paribas, to update a group of international lenders with respect to its planned Kouilou Potash mining and processing plant (the “Project”) in the Republic of Congo (“ROC”). The ten banks in attendance, all...
ATP Signs GBP 265 Million Agreement to Sell a Portion of Its North Sea Assets
ATP Oil & Gas Corporation and its wholly owned subsidiary ATP Oil & Gas (UK) Limited announced that it has entered into a sale and purchase agreement for £265 million or approximately $430 million with EDF Production UK Limited (“EDF”), a subsidiary of EDF International of France, for certain of ATP’s UK assets in the North Sea. Effective July 1, 2008, the agreement transfers 80% of...
Sterling announces results of testing on East Breagh
Sterling Resources Ltd. announce that it has successfully completed testing of the East Breagh well located in the U.K. Southern North Sea Block 42/13. Sterling holds a 45% interest and is the operator of the block. The well was tested from the upper zone perforations 7490 feet measured depth (md) to 7560 feet md at controlled rates of up to 10.2 million standard cubic feet per day (mmscf/d). The final...
Dresser-Rand Awarded BP Angola Block 31 FPSO Program
Dresser-Rand Group Inc. announced that its Norwegian subsidiary will supply four power generation packages for a floating, production, storage and offloading (FPSO) vessel. This will be the first of up to four identical contracts, as part of BP’s Angola development program. The first contract’s sales are estimated at approximately $75 million. “We are very pleased to have been awarded...
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