In June 2013, Malaysia's Yinson Holdings Berhad made a conditional offer to acquire Norway's Fred. Olsen Production ASA ('FOP') for NOK995.74 million (US$172.1 million), or NOK 9.40/share that was approved by the FOP board. On 4 July 2013…
Glacier Energy Services boosts portfolio and specialist offering with acquisition of Ross Offshore International oilfield specialist Glacier Energy Services today confirms the acquisition of Aberdeen-based Ross Offshore in a multi-million pound deal…
ALS entered into an agreement to acquire Reservoir Group for US $533 million (9.6 x Reservoir's FY2013 EBITDA). The transaction follows extensive due diligence undertaken by ALS on Reservoir as a part of an exclusive sale process. Reservoir…
Shell picked Technip to provide engineering, procurement, and installation services covering subsea infrastructure at the Stones field in the US Gulf of Mexico. The contract's scope includes installation of the subsea production system and Stones lateral gas pipeline…
EnQuest will have a new prestigious North Sea base in the Granite City after planning permission was granted for a high-quality office development on the derelict Aberdeen Seafood Park site in the harbour area. The firm, which is the largest UK independent oil producer in the UK North Sea…
Aberdeen-based Dolphin Drilling Ltd has awarded Harland and Wolff the contract for the dry docking of the Blackford Dolphin mobile offshore drilling unit (MODU). The project will include upgrade work and repairs and renewals for its class renewal survey…
Reliance Industries (RIL) and BP have made a second deepwater gas condensate discovery in the Cauvery basin offshore India. The discovery, named D-56, was made in well CYIIID5-S1 on Block CY-DWN-2001/2, in 1743m water depth, 62km off the coast…
Delek Group released a resource assessment report on its Tamar Southwest project that showed an average 684 Bcf of estimated undiscovered gas reserves in place in the project. This value is the undiscovered resource potential in two sands…
QGEP Participações S.A. announced that its wholly-owned subsidiary Queiroz Galvão Exploração e Produção S.A. (QGEP) filed a Notice of Discovery with the ANP (Agência Nacional do Petróleo, Gás Natural e Combustível) for well 1-QG-5A-BAS, located…
Santos announced the acquisition of a 50% interest in the Northwest Natuna Production Sharing Contract (PSC) in the South China Sea offshore Indonesia from AWE Ltd. The NW Natuna PSC contains the undeveloped Ande Ande Lumut oil field, which…
Höegh LNG has signed a contract with an Asia based national oil company to conduct pre-front-end engineering design (FEED) engineering work for an offshore floating LNG facility (FLNG) with a two million-tonne per annum production capacity…
Express Energy Services has created a short film, Left Undone, as part of its contribution to safety in the energy industry. The movie aims to educate and inform oilfield workers on the hazards and safety procedures in the event of hydrogen sulfide (H2S) exposure while working on a well site…
Upstream oil and gas investment on the UK Continental Shelf (UKCS) reached a record £13.5 billion this year, according to a new study. But, despite the high spending, production efficiency continues to be an issue in the North Sea, says Oil & Gas UK’s 2013 Economic Report…
Technip has joined forces with South African energy and chemicals firm Sasol to offer front-end engineering services on future Sasol gas-to-liquids (GTL) projects. The new alliance will also enable Technip to be part of the execution of GTL projects with Sasol…
Norway’s Statoil has awarded Aker Solutions a NOK250 million contract to carry out an extended concept study for a floating production system for the Johan Castberg oilfield development in the Barents Sea. The Johan Castberg field, in PL 532…