Index News


DNO Makes $780 Mln Cash Bid for Faroe Petroleum

Dec 12, 2018

Norway's DNO is sticking to its offer to buy Faroe Petroleum for 152 pence per share, valuing the company at about 610 million pounds ($761.65 million), insisting it is an attractive offer despite its rejection by the Faroe board.The Faroe board…

DNO Beats Forecasts with Q3 Operating Profit

Nov 01, 2018

Norwegian oil firm DNO said on Thursday third-quarter earnings beat forecasts, helped by higher oil prices and rising output in the Kurdistan region of northern Iraq.The region's largest international oil producer posted a third-quarter operating profit of $71 million…

Cepsa Postpones Bumper IPO, Blames Market Rout

Oct 15, 2018

Spain's Cepsa postponed what would have been the largest oil company listing in a decade on Monday, the latest IPO to succumb to a global sell-off in equity markets.Cepsa's owner, Abu Dhabi state investor Mubadala, had planned to raise about 2 billion euros ($2…

Transporting Costs Go Up: TMM

Aug 24, 2018

The thirty-sixth edition of the Transport Market Monitor (TMM) by Transporeon and Capgemini Consulting reveals high transport prices due to declining transport capacities and rising fuel costs.In Q2 2018, the capacity index decreased by 36.3% to 70…

Rosneft hails longest well

Nov 17, 2017

Rosneft, part of the Sakhalin-1 Consortium, has successfully completed drilling of the world's longest well, from Orlan platform at Chaivo field in the Sea of Okhotsk. The well, with horizontal completion, is 15000m-long (15km). Rosneft…

NADL bags double Conoco jackup work

Apr 11, 2017

North Atlantic Drilling (NADL) has secured 10-year contract awards for the West Elara and West Linus jackups with ConocoPhillips Skandinavia for work in the Greater Ekofisk Area. The total additional backlog for the new contract awards is estimated at US$1…

Hurricane moves forward off UK

Oct 27, 2016

Hurricane Energy is suspending the Lancaster sidetrack well offshore the UK to develop as a future producer and moving on to its Lincoln well. Technip today also confirmed a win for its subsea joint venture with FMC Technologies, Forsys Subsea…

Cobalt cuts short Rowan drillship contract

Sep 16, 2016

Cobalt International has agreed to terminate its long-term contract for the Rowan Reliance drillship. The drilling contract was originally due to terminate on 1 February 2018. Instead, it will now end on 31 March 2017. Cobalt says it…

Antrim seeks to wind up

Aug 26, 2016

Canadian-based, North Sea and Ireland focused explorer Antrim Energy is seeking to wind up.  At its annual and special meeting on Tuesday (30 August), the firm will consider approval to voluntarily dissolve the corporation, delist from…

12-year oil price lows mark start to 2016

Jan 11, 2016

Oil prices have been extremely volatile since the first trading day of 2016 and hit 12-year lows last week with Brent dropping below US$33/bbl for the first time since 2005. The fall in the Chinese manufacturing index, the Saudi-Iran…

BG Group finalizes QCLNG pipeline sale

Jun 03, 2015

BG Group completed the sale of its wholly-owned 543km pipeline network linking natural gas fields and the Queensland Curtis Liquefied Natural Gas (QCLNG) export facility to APA Group. This transaction has resulted in gross proceeds for BG Group of around US$4…

UK oil and gas industry looks gloomy

May 01, 2015

Optimism continues to fall in the UK oil and gas industry according to the 1Q 2015 Oil & Gas UK Business Sentiment Index published 30 April 2015, which shows confidence in the sector has dropped from minus 23 points to minus 31 on a -50/+50 scale…

UK offshore oil and gas industry pessimistic

Oct 30, 2014

The 3Q 2014 Oil & Gas UK Business Sentiment Index published on 30 October shows that optimism in the sector continues to decline with a drop from two points above zero on the -50 to +50 index to seven points below zero. Published quarterly…

Schlumberger releases updated software

Sep 29, 2014

Schlumberger released its 2014 versions of its software platforms: Petrel E&P software platform, Techlog wellbore software platform, Studio E&P knowledge environment and Ocean software development framework enhance multidisciplinary integration…

ONS: DNV GL launches interactive arctic risk map

Aug 26, 2014

ONS, Stavanger: The world’s need for energy is driving interest in further industrial activity in the Arctic, yet the region’s conditions are highly variable depending on the type of activity, location and time of year. This creates a complex risk picture…

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