Anadarko Petroleum Corp’s board on Monday backed a US$38 billion bid from Occidental Petroleum Corp, adding pressure on rival Chevron Corp to raise its offer or walk away from the takeover contest.The decision capped a series of moves by Occidental…
BP has awarded TechnipFMC an integrated engineering, procurement, construction and installation (iEPCI) contract subsea systems on its Thunder Horse South Expansion 2 Project located in the Gulf of Mexico.Project sanction on the Thunder Horse project…
Baker Hughes, a GE company, has been awarded a contract to supply turbomachinery equipment for the first phase of its Greater Tortue Ahmeyim floating liquefied natural gas (FLNG) project offshore Mauritania and Senegal. BHGE will provide the…
BP is set to go ahead with its Thunder Horse South Expansion Phase 2 project in the deepwater Gulf of Mexico after announcing project sanction. Thunder Horse Expansion Phase 2 will boost output at one of the largest oil fields in the Gulf of Mexico by about 50…
Oil and gas company Kosmos Energy Ltd said on Monday it has started a formal process to sell down its interest in the Mauritania-Senegal basin to around 10 percent and expects bids by the end of the summer.The company said in February it had…
Occidental Petroleum Corp has revised its bid for Anadarko Petroleum Corp. increasing the amount of the US$38 billion deal that it would pay in cash. The Houston-headquartered firm's move is part of its bid to overthrow Chevron's $33 billion offer for Anadarko…
UK-based oilfield services firm Expro has added two new well access solutions to its its subsea intervention capabilities; an Intervention Riser System and a Riserless Well Intervention system. These two technologies are in addition to Expro's established subsea landing string system technologies…
UK-based underwater vehicle services company Modus Seabed Intervention has agreed with Saab Seaeye to buy its second Sabertooth hybrid autonomous underwater vehicle (HAUV).The 3,000-meter rated Sabertooth will be equipped with extended autonomous…
France's Total SA said on Sunday it has agreed with Occidental Petroleum Corp to acquire the African assets of Anadarko Petroleum Corp for $8.8 billion, should the two U.S. oil and gas companies clinch a deal to combine.The agreement with Total…
ExxonMobil has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals, the supermajor announced on Friday.Exxon said startup at Liza Phase 2 is expected in mid-2022, producing up to 220,000 barrels of oil per day from the deepwater Stabroek Block…
The development of the Mero field, part of the Libra pre-salt complex offshore Brazil, has opened a range of opportunities for equipment and services in the oil and gas sector in the South American country. A range of equipment from wet x-mas trees…
Deepwater mooring rope manufacturer Lankhorst Offshore announced Wednesday it has been awarded a contract by TechnipFMC to supply the mooring lines for the Energean Power floating production, storage and offloading unit (FPSO) for the Karish and Tanin gas fields…
The U.S.-based exploration and production company LLOG Exploration Offshore and Spanish oil company Repsol announced the signing of an Asset Exchange and Joint Participation Agreement in the deepwater Gulf of Mexico.The agreement provides for…
BP has signed a deal to explore for oil and gas off Gambia's coast in a potential economic boon for the tiny West African country, although another producer says it owns the rights to the same licence.BP was awarded the licence to the A1 block…
The offshore oil and gas operator Aker Energy Ghana, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, announces that is has concluded its appraisal drilling campaign offshore Ghana.The Company is currently working on a revised Plan for Development and Operations (PDO)…