Sonangol, Chevron, BP, ExxonMobil and Total, joint venture partners in the Angola LNG Project, said they have agreed to initiate a period of exclusive negotiations with Gulf LNG, developer of the Clean Energy regasification facility near Pascagoula, MS, regarding a terminal use agreement, based on their submission during a competitive bid process. The successful negotiation of this agreement will allow for 100% of the LNG produced by the Angola LNG project to be received at the Mississippi regasification facility.
Stone Energy Corp. exercised preferential rights to acquire additional working interests in Mississippi Canyon Blocks 108 and 109 in the Gulf of Mexico for $190.5 million.
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