French oil major Total has agreed to buy Maersk Oil from its parent company A.P. Møller – Mærsk in a US$7.45 billion share and debt deal which could help it make $400 million in 'synergies' a year. Total will gain about 1 billion boe of 2P/2C reserves…
The US Bureau of Ocean Energy Management (BOEM) has published the draft Environmental Impact Statement (EIS) for Alaska’s manmade island, the Liberty Project, in the Beaufort Sea. Map of Liberty…
The Norwegian Petroleum Directorate (NPD) has granted Wellesley Petroleum a drilling permit for well 33/9-22 S, targeting the Goanna prospect in the North Sea. PL 881. Map from NPD. Well…
Ecopetrol has appointed Felipe Bayón Pardo as the company’s new president effective 15 September, following the resignation of Juan Carlos Echeverry Garzón. Felipe Bayón Pardo. Image from Ecopetrol…
KBR has confirmed that the company has been awarded the pre-front end engineering design (FEED) and project support services contracts for the development of the Tortue / Ahmeyim field, offshore Mauritania and Senegal. OE reported in…
Shell has chosen the Mærsk Developer semisubmersible to drill and complete three wells offshore Trinidad beginning in January. Mærsk Developer. Image from Maersk Drilling. According to Maersk Drilling…
Ekofisk. Image from ConocoPhillips. ConocoPhillips has received consent from Norway’s Petroleum Safety Authority (PSA) for preparations for and the start of the removal of minor structures from the Ekofisk field facilities…
Norway’s Petroleum Safety Authority (PSA) has granted Statoil approval to drill at two of its fields, the Gina Grog and the Valemon, both in the North Sea. Maersk Integrator. Image from Maersk…
The US Bureau of Ocean Management's (BOEM) Lease Sale 249 brought in high bids of US$121 million from 27 companies with a total of 99 bids earlier today (16 August). Image from BOEM Facebook. A total of 90 blocks were offered…
The U.S. Department of Justice (DoJ) has closed its investigation into Vantage Drilling International over Vantage’s possible violations of the Foreign Corrupt Practices Act. DoJ in a letter acknowledged Vantage’s full cooperation into the investigation…
The Dresser-Rand business, part of Siemens Power and Gas, was awarded two orders to supply power generation equipment for the Penglai and Dongfang projects, offshore China. At China National Offshore Oil Corp.’s (CNOOC) Penglai oil field in Bohai Bay…
Beerenberg has signed a frame agreement with Wintershall for the delivery of insulation, scaffolding, and surface treatment services on the Brage installation, offshore Norway. The four-year agreement includes three options of two years’ extension and is expected to have a value of US$2…
Nabors Industries' acquisition of Tesco Corp. will accelerate the automation and integration of tubular services into Nabors’ rigs, creating immediate global scale for Nabors Drilling Solutions (NDS), while providing Tesco with an expanded platform for its businesses…
DNV GL – Oil & Gas and Lundin Norway have teamed up to develop the first step to a solution for predicting unplanned shutdown using the Edvard Greig production platform in the North Sea. Surveyors in a FPSO control room…
Royal Boskalis Westminster NV has acquired all shares of the UK’s Gardline Group as of today (15 August) in a US$51 million deal, including debt. Helios dredger. Image from Boskalis. The…