"Chevron quits Lithuania shale gas exploration tender"

Reuters:

VILNIUS, Oct 8 (Reuters) - U.S. energy major Chevron has pulled out after winning a tender to explore for shale gas in Lithuania, blaming changes to laws which have made it less attractive.

 Chevron was the only bidder to explore for unconventional hydrocarbons in the 1,800 square km Silute-Taurage prospect. The government picked it as a winner a month ago.

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""Significant changes to the fiscal, legislative and regulatory climate in Lithuania have substantially impacted the operational and commercial basis of the investment decision since the company submitted its bid in January 2013," it said." 

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 "The proposals debated by the parliament include taxing exploration of shale gas and shale oil at 40 percent, up from the current 16 percent on conventional hydrocarbons."

 Mitä ilmeisimmin Liettuassa ei ole tarvetta uudelle öljyn tai kaasuntuotannolle. Kesän porauksen tuloksillakin on saattanut olla vaikutusta Chevronin päätökseen.

Encana ja EOG ulos Kitimat LNG:stä, Chevron tilalle

Chevron Subsidiary Acquires Operating Interest in Western Canada LNG Project

 SAN RAMON, CA, Dec. 24, 2012 /CNW/ - Chevron Corporation (NYSE: CVX) today announced that its indirect Canadian subsidiary, Chevron Canada Limited, will acquire a 50 percent operating interest in the Kitimat liquefied natural gas (LNG) project and proposed Pacific Trail Pipeline (PTP), and a 50 percent interest in approximately 644,000 acres of petroleum and natural gas rights in the Horn River and Liard Basins in British Columbia, Canada. "The Kitimat LNG development is an attractive opportunity that is aligned with existing strategies and will drive additional long-term production growth and shareholder returns," said George Kirkland, vice chairman, Chevron Corporation.

EOG Resources to Sell Its Kitimat LNG Facility Stake and a Portion of its Horn River Basin Acreage

HOUSTON, Dec. 24, 2012 /PRNewswire/ -- EOG Resources, Inc. (NYSE: EOG), (EOG) through its Canadian subsidiary, EOG Resources Canada Inc. (EOG Canada), today announced the signing of a purchase and sale agreement for its interest in the Kitimat LNG facility to Chevron Canada Limited. The transaction, subject to approval by Canadian regulatory authorities, is expected to close by the end of the first quarter 2013. The agreement includes EOG Canada's 30 percent interest in the planned natural gas liquefaction and export facility on British Columbia's west coast and associated Pacific Trail Pipelines project, as well as approximately 28,500 undeveloped net acres in the Horn River Basin. 

 "While we still believe in the viability of the Kitimat project, our decision to exit is consistent with EOG's focus on domestic onshore crude oil production, which is generating more immediate reinvestment opportunities," said Mark G. Papa, Chairman and Chief Executive Office

Hieman yllättävä uutinen varsinkin Encanan osalta. Encana tuli projektiin mukaan viimeisenä alla kaksi vuotta sitten ja suora omistusosuus LNG-vienti terminaalissa olisi luontevaa lähes puhtaalle maakaasun tuottajalle.

 EOG on pitänyt projektin etenemisen edellytyksenä öljyn hintaan sidottua hintaindeksiä myytävälle maakaasulle ja trendi kuitenkin on ollut päinvastainen, eli aasialaiset kaasun ostajat ovat pyrkineet eroon öljyn hintaan sidotuista kaasun ostosopimuksista. Kaasun myyjien tavoitteiden mukaisien ostositoumuksien saaminen on ollut yksi merkittävimmistä esteistä projektin etenemiselle.

"Chevron ‘in Lithuania shale move"

Upstream:

Chevron could be about to make a splash in Lithuania’s shale gas industry after agreeing to buy into a local explorer. 

The US supermajor has taken 50% of LL Investicijos which holds a licence to prospect in the country, it confirmed on Thursday...

Voi meinata hyvää Tethykselle, tai sitten ei. Eteläisen naapurin Puolan hypetetty kaasu näyttää ainakin tällä hetkellä olleen olemassa vain potentiaalin tasolla.

Päivitys 26.10.2012:
Tethy tiedotti tänään, että Chevron on tehnyt farm-in-sopimuksen tanskalaisen Odin-konsernin enemmistöomistaman Jyllands Olien kanssa, jonka kautta Chevron tulee osakkaaksi Rietavas-blokkiin. Tethyksen omistukset Liettuassa ovat tuon J-O:n kautta(vähemmistöosakkuus yhtiössä), joten sen omistus Rietavas-blokissa laskee, korvauksena tulee pieni määrä rahaa ja Chevronin maksamat 3D-seisminen ja muutama kaivo.

Itselläni on pieni positio Tethyksessä.



Jos ambient/chillout/lievästi progressiivinen house täyttää rintasi riemulla, energialla ja optimismilla niin suosittelen tilaamaan tuon raidan lataajan kanavan. 

ZeDrillah tillaah

SDRL - Seadrill orders and secures drilling contracts for two new tender rigs

Hamilton, Bermuda, February 28, 2011 - Seadrill has entered into an agreement for the construction of two tender rigs with the COSCO Nantong Shipyard in China. The two new units, T15 and T16, are scheduled for delivery in the first quarter and third quarter 2013, respectively. Total project price is estimated at US$225 million, which includes project management, drilling and handling tools, spares and capitalized interest.

The two new units will be based on similar design and specifications as recently built tender rigs, but with enhanced drilling capabilities allowing for higher drilling efficiency including the advantage of a light weight drilling equipment set.



Both of the two new tender rigs have been contracted to Chevron Thailand Exploration and Production for a five-year period offshore Thailand. Estimated contract value for the two units is approximately US$420 million. Commencement of operations is scheduled in the second quarter 2013 and fourth quarter 2013.



Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS says, "These newbuilds are an important addition to our present tender rig fleet. The new orders increase earnings and visibility, and enhance the attractiveness of our fleet. The US$420 million of new contracts demonstrates the competitiveness of our tender rig concept. T15 and T16 will be added to a fleet of four tender rigs already operating for Chevron, further strengthening our relationship with a leading global client."

Päivätaksa näyttäisi olevan ok(n.$115,000) ja noin 50,000 dollarin päivittäisillä kuluilla per alus Chevronin sopimus tuo suurin piirtein yhtä paljon rahaa kassaan kuin aluksien rakentaminen maksaa.