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Top News Of The Day

|Includes: Chevron Corporation (CVX), LNDNF, PBR

Chevron has signed a PSC with Myanma Oil & Gas Enterprise to explore for oil and gas at Block A5 in the Rakhine Basin, Off Myanmar. The block lies 200 km offshore northwest of Yangon, and covers more than 2.6 million acres (10,600 sq km).

UGL has secured a three-year contract from Santos GLNG worth $120 million approximately, to provide plant services for the operational phase of its Curtis Island LNG facility. The contract can be extended for another four years.

Lundin Petroleum has commenced drilling of the Alta appraisal well (7220/11-2) in PL609, Barents Sea. The Alta discovery is located 10 to 20 km northeast of Lundin Petroleum's Gohta discovery in the Barents Sea South and approximately 160 km from the Norwegian coastline.

Petrobras has discovered hydrocarbons at its second (C1) well located in Brazil's Libra field. The well confirmed a column of hydrocarbons of approximately 200m in the central block of the field, about 220 km off the coast of Rio de Janeiro.

AWE announced that Origin Energy has spudded the Irwin-1 exploration well located in Perth Basin's EP320 in Western Australia. The well will be drilled vertically to a planned total depth of 4,064m and is expected to be completed in approximately seven weeks.