Wärtsilä Norway AS is a wholly owned subsidiary of Wärtsilä Corporation in Finland. Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 18,000 professionals manning 160 Wärtsilä locations in 70 countries around the world.
Thorvik International Consulting AS provides services for European energy and environment industries, in recruitment, strategy and government affairs work.
Maersk Oil is aiming to grow by exploration and new business activities in Norway and is looking for a skilled and committed geoscientist (5 to 12 years of experience) for the office in Stavanger, Norway.
Thorvik International Consulting AS provides services for European energy and environment industries, in recruitment, strategy and government affairs work.
Nexus Energy said it had signed a preliminary agreement to farm out a stake in its Crux liquids project and adjoining acreage on the Browse basin off Western Australia in a deal worth $309 million.
The company said the memorandum of understanding signed with an unnamed “international energy company” would involve the Crux natural gas project on AC/P23 as well as adjoining exploration acreage on AC/P41. Funds from the farm-out would be used to develop the Crux project, Nexus said in a statement today.
Nexus said its partner would farm into a 25% stake in AC/P23 for $275 million, and would fund Nexus’ next three wells on the AC/P41 permit up to #34 million to earn a 20% stake in that permit.
Melbourne-based Nexus is hoping to tap enough gas at Crux and the adjoining acreage to supply a liquefied natural gas project, and said it had sought out a partner with significant expertise in liquefied natural gas production.
Nexus is spending about $975 million on exploration over the next three years to secure gas to support its LNG ambitions.
The deal is expected to be completed by the fourth quarter of this year, and will be effective from July 2008. Nexus said the name of the company would not be disclosed until approval for the farm-out had been received from both boards, as well as from Nexus’ existing partners at Crux.
Japan’s Osaka Gas holds a 15% stake in AC/P23, while Nexus holds the remaining 85%. Anglo-Dutch supermajor Shell holds interests in some of the permits adjoining the Crux field.