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Industry Moves Archive: January to March 2005

 Apr - May   Jun - Aug   Sep - Oct   Nov - Dec 
Halliburton Completes Sale of Subsea 707/01/2005
Halliburton has completed the previously announced sale of its 50 per cent interest in Subsea 7 to its joint venture partner, Siem Offshore, for $200 million in cash.

Aker Kvaerner Acquires Ellayess From Kvaerner08/01/2005
Ellayess, the recruitment agency providing engineering professionals on temporary and project assignments, sold by Kvaerner to Aker Kvaerner.

Atkins Continues China Expansion With Two New Offices13/01/2005
Atkins open new offices in Shenyang, North East China and Shanghai, extending the company's network to six offices in China, covering all key regions across the country, and employing around 600 staff.

AMEC Purchases Paragon Engineering Services Inc20/01/2005
AMEC acquires Houston-based oil and gas engineering services company Paragon Engineering Services Inc. Paragon to be merged with AMEC's existing Houston operations and new company, "AMEC Paragon Inc", will operate as part of AMEC's global oil and gas business, which is headquartered in the UK.

ConocoPhillips and LUKOIL Discuss JV Plans23/01/2005
Cooperation plans discussed for joint venture to be set up by LUKOIL (70%) and ConocoPhillips (30%). JV is organized in the framework of a strategic alliance of the two companies on the basis of OOO Narianmarneftegaz.

ALTRA Boosts International Expansion With New Division25/01/2005
ALTRA Energy opens in Stavanger offering operations and technical management consultancy to Norwegian companies operating in the North Sea. ALTRA's Stavanger base has two core staff and the company intends to expand through recruitment over the next 2 years.

Talisman Energy Acquires Petra A.S. of Norway for US$155m02/02/2005
Talisman Energy (UK) Limited agrees to acquire all of the outstanding shares of Petra A.S., a wholly owned subsidiary of Petroleum Geo-Services ASA of Norway for US$155 million, subject to working capital adjustments.

AMEC Opens Earth & Environmental Office Near Detroit02/02/2005
AMEC Opens Earth & Environmental Office Near Detroit offering commercial and governmental clients a complete range of environmental engineering and consulting services, including investigation and remediation projects involving contaminated soil and groundwater.

Petrofac Acquire Emergency Response Services Rubicon02/02/2005
Petrofac acquire Rubicon Response, a specialist in emergency response, training and consultancy services. Aberdeen-headquartered Rubicon Response becomes part of Petrofac Training, which was established as a division of Petrofac in February 2004 following Petrofac's acquisition of RGIT Montrose.

Expro International Group Acquire READ Matre Instruments AS03/02/2005
Expro, the oilfield services company, acquires Read Matre Instruments AS (RMI), a Norwegian based subsidiary of Read ASA, for NOK81 million. RMI will operate within Expro's Subsurface Systems business stream.

New Office Base for Statoil in Qatar08/02/2005
Statoil is opening an office in Doha, Qatar, to extend the existing representation of its International Exploration & Production business area in the Middle East.

Aker Kvaerner Acquire Part of RR Offshore OY16/02/2005
Aker Kvaerner make strategic acquisition buying a substantial part of Finnish contractor RR Offshore OY (RRO), the majority owner of the OAO Astrakhan Korabel yard located in Astrakhan, Russia.

PDO of Statoil's Volve discovery Submitted to the Ministry of Petroleum and Energy16/02/2005
The PDO of Statoil's Volve discovery in the North Sea was submitted to the Ministry of Petroleum and Energy on 15 February. Plans call for Volve to come on stream in the spring of 2007, with the field expected to produce for four-five years.

Oil Production Begins from Central Azeri - ACG Field16/02/2005
Oil production begins from the Central Azeri part of Azerbaijan's Azeri-Chirag-Gunashli (ACG) field in the Caspian Sea. BP is operator for AIOC, the 10-member consortium of licensees which is developing ACG.

Samancor Chrome Sold to Kermas Group19/02/2005
BHP Billiton and Anglo American plc reach agreement for sale of Samancor Chrome to the Kermas Group for US$469 million.

Oil Vapour Caused Gullfaks A Gas Alert20/02/2005
Vapour from a spill oil tank in one of the shafts on Statoil's Gullfaks A platform in the North Sea activated a gas detector on Friday. This in turn initiated a gas leak alert, and the crew of 180 were sent to the lifeboats.

BP Sells Industrial Fuels Marketing Business to New Black Empowerment JV20/02/2005
BP sells its commercial and industrial fuels marketing business to new black empowerment JV company in which BP will have a minority 45% stake and four empowerment partners a majority of 55%.

KBR Opens New Engineering Centre in Jakarta25/02/2005
KBR opens engineering centre in Jakarta forming part of KBR's Energy and Chemicals Division. The new Jakarta office draws on Indonesia's workforce having over 60 employees, including engineers, designers and support staff.

Statfjord Late Life Sanctioned28/02/2005
Statfjord licensees have resolved to implement a late-life development on North Sea field at cost of NOK 14.5 billion, plus NOK 1.5 billion in associated Tampen Link gas pipeline.

AMEC Acquires Environmental Consultancy08/03/2005
AMEC expands international environmental services capability with acquisition of UK-based Environmental Advice Centre Limited. EAC specialises in ecological surveys and assessments, contaminated land remediation and air and water quality appraisals.

Eni Signs Preliminary Agreement With Sempra LNG10/03/2005
Eni sign preliminary agreement with US company Sempra LNG for acquisition of a share of regasification capacity at the Cameron terminal which Sempra LNG1 will build on the banks of the Calcasieu River in Louisiana.

PDO Approved for North Sea Vilje Field21/03/2005
Plan approved for developing and operating Vilje field in the North Sea by Norway's Ministry of Petroleum & Energy. Vilje field lies north of the Heimdal field and will be developed with two subsea installations on the seabed.

BP Announces New Identity for Petrochemicals Company22/03/2005
BP announces name of new olefins and derivatives subsidiary will be Innovene. Innovene will be formed as a separate entity within the BP Group in April. Headquartered in Chicago, the company will have more than 8,500 employees at 26 principal sites around the world.

Amerada Hess Ventures into the Russian Federation23/03/2005
Amerada Hess Corporation acquires a 65% interest in Trabant Holdings International, a company which owns 100% of ZAO Samara-Nafta, an exploration and production company located in the Volga-Urals region of the Russian Federation.

Huge Explosion at BP Refinery in Houston24/03/2005
A huge explosion at BP's oil refinery in Texas has killed at least 14 and injured more than 70. Don Parus, BP's Texas City, refinery manager confirmed there have been fatalities from an explosion that occurred on Wednesday at around 1:20 p.m. (1920 GMT) at the company's isomerization unit at the facility.

Jacobs Confirms 11 Deaths at BP Texas City Refinery25/03/2005
Jacobs confirm loss of 11 employees and injuries to a number of others in the explosion that occurred at the BP refinery in Texas City. About 375 employees of Jacobs and its JE Merit Constructors subsidiary were involved in turnaround work at a separate unit close to the isomerization unit where the explosion occurred.

Fluor Confirms 3 Deaths in Texas City Refinery Explosion25/03/2005
Fluor Corporation confirms three of its employees died Wednesday in an explosion and fire at the BP refinery in Texas City. All three men were attending a meeting near the part of the facility involved in the incident under a contract Fluor has with BP to assist with maintenance activities at the refining and chemicals site.

Shell Signs Global Strategic Partnership with KPI28/03/2005
Shell signs MOU with Kuwait Petroleum International Limited to explore opportunities worldwide to develop and implement joint downstream investments. Focus is on opportunities in geographic areas showing strong fundamentals in the downstream, including high growth in demand for petroleum products.

Mustang Sets Up Asia-Pacific Base in Australia30/03/2005
John Wood Group subsidiary, Mustang Engineering, extends operations in the Asia-Pacific region, based in Perth and Melbourne. Mustang's entry into Australia is being facilitated by Frontier Engineering Solutions which is to be re-branded as Mustang Engineering Pty Ltd.

BG Group to Complete Disposal of Interests in NCPSA31/03/2005
BG Group announce outstanding conditions relating to sale of its entire 16.67 per cent interest in the North Caspian Production Sharing Agreement have been satisfied. At completion, BG Group will receive an aggregate pre-tax cash consideration of approximately $US1.8 billion.


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