PennEnergy's Oil & Gas Headlines 5/1

Today's Headlines

Williams halts investment in Bluegrass NGL pipeline Williams suspends investment in Bluegrass natural-gas-liquids pipeline due to insufficient customer commitments; shifts focus to other projects. Full Article Share:

Aker Solutions to split into 2 companies The split, which will take place as a spin-off of the new Aker Solutions, is scheduled to occur around the end of September. Full Article Share:

Gazprom and CNPC draft gas pipeline supply contract In 2009, Gazprom and CNPC inked the Framework Agreement on the major terms and conditions of natural gas supply from Russia to China. Full Article Share:

EPB to buy natural gas assets from Kinder Morgan El Paso Pipeline Partners will acquire KMI’s 50 percent interest in Ruby Pipeline, 50 percent interest in Gulf LNG and 47.5 percent interest in Young Gas Storage. Full Article Share:

New contract relating to second line of South Stream for Saipem Saipem has been contracted by South Stream Transport B.V. to provide supporting works relating to the construction of the second line of the South Stream Offshore Pipeline. Full Article Share:

ICA Fluor to build $743 million gas pipeline in Mexico ICA Fluor signed a contract with TAG Pipelines for the construction of the 1.42 billion cubic feet per day capacity Ramones II Sur Gas Pipeline. Full Article Share:

Tullow announces sale of UK gas assets Tullow subsidiary Tullow Oil SK Limited has entered into an agreement to sell 53.1% of its Schooner unit interest and 60% of its Ketch asset in the UK Southern North Sea to Faroe Petroleum Limited. Full Article Share:

McDermott awarded installation contract offshore Indonesia McDermott International announced the Derrick Barge 101 was recently mobilized to Indonesia to perform fast-track heavy-lift work for a client offshore Indonesia. Full Article Share:

Minor oil discovery near Fram field for Statoil in the North Sea Statoil has discovered oil in wildcat well 35/11-17, about one kilometer south of the Fram field in the North Sea. Full Article Share:

RWE Dea Egypt reaches production targets at Disouq project RWE Dea successfully connected development well North West Khilala-1-4 (NWK-1-4) to production. Full Article Share: