SYDNEY: Liquefied Natural Gas Limited has extended the validity period of its current binding engineering, procurement, and construction (EPC) contract with KSJV (a KBR – SKE&C joint venture led by KBR) for its 100% owned subsidiary, Magnolia LNG LLC. The binding lump sum turnkey (LSTK) EPC US$4.623 billion contract providing an installed EPC cost/tonne of…
Category: Canadian Exchange
Oil & Gas, Electricity, Renewables, Canadian Exchange, News Releases
Austral enters agreement to acquire remaining 30% of Casposo Mine
SYDNEY: Austral Gold Limited has entered into a share purchase agreement with Troy Resources Limited to acquire the remaining 30% interest in the Casposo silver-gold mine located in San Juan, Argentina. Austral has agreed to pay US$0.2 million for the outstanding common shares of Casposo Argentina Ltd, a wholly-owned subsidiary of Troy that owns the…
Reon Energy completes 10 MW solar project for Eni
KARACHI: Reon Energy Limited has announced the completion of the 10 MW captive solar power project for Eni, through its’ subsidiary Eni New Energy Pakistan, at Bhit, Sindh. The solar photovoltaic plant will free up the gas used in self-generation whilst optimizing operational costs. The 10 MW plant is expected to produce approximately 20 GWh…
Genex executes Mou with J-Power for Kidston Pumped Storage Hydro Project
SYDNEY: Genex Power Limited has signed a new Memorandum of Understanding (MOU) with Electric Power Development Co Ltd trading as J-POWER. The MOU provides that the parties will work together using their best endeavours to negotiate a transaction for the Kidston Pumped Storage Hydro Project (K2-HydroorProject) for J-POWER to acquire direct or indirect equity in…
Reverse circulation and diamond drilling program at Diamba Sud commences
SYDNEY, AUSTRALIA: Chesser Resources Limited has commenced Diamond Drilling and RC drilling at Area A and Area D within the Northern Arc discovery area. “We are delighted to have recommenced drilling at our Northern Arc discovery so early in the field season. The diamond drilling will assist us in improving our understanding of the controls…
Calix Limited to join $150mn FBR-CRC as a key participant
SYDNEY, AUSTRALIA: Australian technology company Calix Limited will be joining the $150 million Future Battery Industries Co-operative Research Centre (FBI-CRC) after the official opening of its BATMn reactor for advanced battery materials by Senator David Van in Bacchus Marsh, Victoria. Calix has been invited to join the $150 million Future Battery Industries Co-operative Research Centre…
Comet Ridge signs gas processing and transport services agreement with Denison Gas
BRISBANE: Comet Ridge’s Mahalo North Project is a step closer to market after the company signed a non-binding letter of intent with adjacent gas producer and infrastructure owner Denison Gas (Queensland) Pty Ltd to explore possible options, for the provision to Comet Ridge, of gas processing and transport services. The deal will allow discussions for…
Rimfire commences 2nd phase of drilling
AUCKLAND: Rimfire Pacific Mining NL notified that the next phase of discovery activity for Southern Area will start imminently. The Phase 2 drilling program in the Southern Area will focus on obtaining rock samples from below transported soil cover to test for anomalous geochemistry on a range of magnetic geophysical targets where there has been…
InfraStrata signs Memorandum of Understanding with Navantia of Spain
LONDON: InfraStrata plc has entered into a Memorandum of Understanding (MoU) with Navantia S.A., S.M.E., the Spanish shipbuilding company. This MoU is the first step towards formalising a Teaming Agreement with Navantia, under which, both companies will work together on a multitude of infrastructure and marine projects to take them to commercial fruition. InfraStrata is…
Energean Israel signs gas sale agreement with MRC
LONDON: Energean Oil and Gas plc announced that Energean Israel and MRC Alon Tavor Ltd. have signed a Gas Sales and Purchase Agreement (GSPA) for the sale of approximately 0.5 Bcm/yr, or up to 8 Bcm over the term of the contract. Supply will commence at Karish first gas and the contract term is for…
Exploration campaigns commences at Manora Oil Field in Thailand
PERTH, AUSTRALIA: The Manora Oil Field (Northern Gulf of Thailand) Operator, Mubadala Petroleum, and Tap Oil Limited have approved the drilling of three firm exploration wells and an appraisal side-track, contingent upon exploration success. Tap Oil holds 30% interest in the oil field. Mobilisation operations commenced on 17 November 2019 with the Ensco 115 jackup…
Petrofac signs pact to acquire entry-level position in US onshore Operations and Maintenance market
LONDON: Petrofac Limited has signed a Sale and Purchase Agreement with the shareholders of W&W Energy Services to acquire an entry-level position in the US onshore Operations and Maintenance market. W&W offers Maintenance, Repair & Overhaul and Pipeline tie-in services in the Permian Basin, the world’s largest producing basin. This bolt-on acquisition is in line…