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EQT Midstream Partners agreed to acquire EQT Corporation’s Jupiter natural gas gathering system for USD 1.18 billion. EQT will receive USD 1.12 billion in cash and USD 59 million in common and general partner units. EQT Midstream Partners will fund USD 182 million worth of expansion projects related to Jupiter. The Jupiter system’s total pipeline capacity is 970 MMcf/D. The system is approximately 35 miles in length and gathers EQT’s Marcellus production in portions of Greene and Washington counties in Pennsylvania.

Calmena Energy Services has sold its Canada-based Drilling Technologies research and manufacturing division and certain related assets to FastCAP Systems Corporation. The consideration consists of USD 1 million in cash and the provision of USD 1.2 million in the form of services and technology products provided to Calmena by FastCAP over the next 4 years.

SM Energy entered into separate agreements to acquire approximately 28,000 additional net acres in the Powder River basin in northeast Wyoming. The company has agreed to pay a cash consideration of approximately USD 100 million, plus trade approximately 7,000 net acres in other portions of the basin. The acquisition will increase SM Energy’s total acreage in the Powder River basin to approximately 161,000 net acres.

Petronas entered into an agreement with Sinopec and China Huadian Corporation to sell a 15% interest in the Pacific Northwest Liquefied Natural Gas (LNG) Project in Canada. Sinopec will acquire 10% interest in the project, while China Huadian will acquire 5% interest in the project. The agreement also includes a commitment from Sinopec to offtake 1.2 million tonnes per annum of LNG for a minimum period of 20 years, while China Huadian will offtake 600 000 tonnes per annum. Located on Lelu Island, within the District of Port Edward, on land administered by the Port of Prince Rupert, British Columbia, the pipeline has a capacity of 12 million tonnes per annum.

Aker Solutions has announced that it will split into two entities. One will focus on Aker’s subsea and deepwater operations; the other will consist of Aker’s drilling technologies and oilfield service units. The split is scheduled to occur around the end of September 2014. Both companies will be listed on the Oslo Stock Exchange.

OMV has agreed to take a stake in two blocks offshore Madagascar, leased by Tullow Oil. Under the deal, OMV will take a 35% stake in Block 3109 (Mandabe) and Block 3111 (Berenty), while Tullow will remain operator of both with a 65% stake. The deal is subject to the approval of Madagascar’s government.


Langan Engineering & Environmental Services announced the opening of an office in Akron, Ohio. The new office will provide fully integrated technical services in support of activity in the Utica shale, as well as for land development projects and corporate real estate portfolios throughout the state.

GE broke ground on its new, 100,000‑ft2 research facility in Oklahoma City. The site will be devoted to studies on production, water use, well construction, and CO2 applications and represents a USD-125-million investment. When the facility opens in 2015, it will create 130 jobs.

Energy standards resource center Energistics is in the process of moving its Houston office to a larger location with a larger conference room and video conference capabilities for international members. The organization will host an open house for members in August.


BP Exploration & Production has awarded Subsea 7 a 3-year, USD‑160‑million contract for light subsea construction, inspection, repair, and maintenance services in the US Gulf of Mexico. The contract will run from the second quarter 2014 to the third quarter 2017. Contract scope covers the provision of two vessels, including a dedicated vessel on a full-time basis; associated project management and engineering support; remotely operated vehicle-based inspection and intervention; and light construction work.

BHP Billiton Petroleum chartered the semisubmersible, Atwood Falcon, from Atwood Oceanics for operations in Australia. The contract has a term of 330 days at a day rate of approximately USD 430,000. As part of this contract, BHP retains the right to further extend the contract for two option periods of approximately 120 days each, at the same day rate.

A consortium of BOS Shelf, Saipem, and Star Gulf FZCO has secured a USD-1.8-billion offshore transport and construction contract to help develop the Shah Deniz II gas project in Azerbaijan. The contract is for the offshore transport and installation of jackets and topside units, subsea production systems, and subsea structures that will be used in the Caspian Sea. It also includes diving support services, the upgrade of three installation vessels, and the laying of over 360 km of subsea pipelines, with all work expected to be completed by the end of 2017.

Saipem has been contracted by South Stream Transport to provide support work for construction of the second line of the South Stream Offshore Pipeline. The contract is worth USD 554 million. Saipem will also perform further support work, including engineering, coordination of storage yards, cable-crossing preparation, and connection of the offshore pipeline to the landfall sections through tie-ins. The construction related to the second line is expected to be completed by the end of 2016. The offshore section of the South Stream gas pipeline will consist of four parallel lines—each longer than 930 km—across the Black Sea from the Russian coast to the port of Varna in Bulgaria.

Prysmian Group has been awarded a USD-41.7-million submarine cable contract for the Zakum oil field offshore Abu Dhabi. Work includes design and manufacture of submarine cable links for the replacement of power feeding systems to the Zakum field. The Zakum oil field is the first submarine electrification project planned by Abu Dhabi Marine Operating Company.