Australia clears Shell’s $70bn deal to acquire BG Group

Royal Dutch Shell secured Australian Competition and Consumer Commission (ACCC) approval for its $70bn acquisition of BG Group.

ACCC said that the deal would not change the dynamics of the domestic market.

Prior to announcing its decision, the watchdog considered whether the deal would minimise the gas supply, or reduce competition to supply gas to domestic customers by aligning Shell’s interest in Arrow Energy with the Queensland LNG facilities of BG Group.

Inpex’s $34bn Ichthys LNG project in Australia completes offshore pipelay

Japan-based Inpex announced that its $34bn Ichthys LNG project in Australia has completed the offshore pipelay for its gas export pipeline.

The 890km, 42in diameter subsea pipeline will be used to export gas from the Ichthys gas-condensate field to the onshore facilities for processing at Bladin Point near Darwin.

According to Inpex, Saipem‘s Semac and Castorone barges were used to install the pipeline from Darwin to the Ichthys Field.

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Statoil pull outs of Arctic oil as Chukchi Sea licences prove uncompetitive

Statoil announced that it would pull out of the Chukchi Sea off Alaska following uncompetitive exploration results.

The company’s decision comes shortly after Shell announced it was withdrawing from all Arctic drilling.

According to the company, the decision to exit the leases and close the office in Anchorage, Alaska has been taken as the leases in the Chukchi Sea are not considered to be competitive within the company’s global portfolio.

US clears $14.3bn merger between Schlumberger and Cameron

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The US Department of Justice gave unconditional approval for the proposed $14.3bn merger between oilfield services company Schlumberger and equipment manufacturer Cameron International.

According to Schlumberger, the closing of the merger is subject to approval by stockholders of Cameron as well as waiver of the other closing conditions that are outlined in the merger agreement.

Cameron stockholders are set to consider and vote upon the proposed adoption of the agreement and the plan of merger between the companies during a meeting that will be held on 17 December.

DNV GL to study controlled release of CO2 from underwater pipeline


DNV GL announced it would be performing the biggest controlled release of carbon dioxide (CO2) from an underwater pipeline at its Spadeadam Testing and Research Centre in Cumbria, UK, to understand the environmental and safety implications.

The release is part of an international joint industry project (JIP) called Sub-C-O2 aimed at understanding the environmental and safety implications associated with the development of CO2 pipelines. It will begin in January 2016.

Norway’s Gassnova, Brazil’s Petrobras, the UK Government’s Department of Energy and Climate Change, the UK’s National Grid and DNV GL are participating in the JIP, with Italy-based Eni expected to join in early 2016.

Shell fined by Aberdeen Sheriff Court over Gannet Alpha oil leak in 2011

Oil giant Shell was fined £22,500 by the Aberdeen Sheriff Court in Scotland over an oil spill in the North Sea in 2011.

Oil was spotted on the sea surface on 10 August 2011 in the company’s Gannet F field which is located 180km from Aberdeen.

A stand-by vessel identified the initial reported surface area of oil to be about 4.5km in length and 100m in width.

Letter of intent signed for supply of gas from Israel’s Leviathan field to Egypt

The Leviathan Partners and Dolphinus signed a letter of intent to move ahead with finalising the supply of natural gas from Israel’s Leviathan offshore field to Egypt.

Partners in the Leviathan project are Noble Energy Mediterranean with a 39.660% interest, Avner Oil Exploration with 22.670%, Delek Drilling with 22.670%, and Ratio Oil Exploration with 15%.

Under the agreement, four billion cubic metres (BCM) of gas will be supplied per annum for a period of ten to 15 years.

Maersk opens new offshore simulation facility in US


Denmark-based Maersk Training opened its new offshore simulation complex in Houston, US, for training oil and gas industry personnel.

Training at this facility will allow offshore rig crews to be prepared prior to engaging in the actual operation in a bid to increase safety and save time.

According to Maersk, the training allows teams to practice events and joint procedures together as an integrated unit.