CNOOC Ltd. began drilling at the WZ12-10-1 exploration well in the Beibu Gulf Block 22/12, offshore China. Map from Horizon Oil The well is located 4.7km east-northeast from Roc’s existing…
Less than a week before Scotland goes to the polls over independence, the heads of BP and Shell have made their opinions clear amid counter claims over North Sea oil. Bob Dudley and Ben van Beurden, the CEOs of BP and Shell respectively…
Australian supply chain logistics group Brambles is to acquire Aberdeenshire-based Ferguson Group for an enterprise value of £320 million (US$545 million) expanding its container business. Ferguson Group provides container solutions to the offshore oil and gas sector…
Engineering and project services company Clough Ltd. acquired Booth Welsh, a privately owned engineering services company headquartered in Ayrshire, Scotland. The acquisition follows the establishment of Clough’s engineering center in Glasgow earlier this year…
Tenaris is now the sole owner of Socotherm Brasil, having bought out Socotherm America's 50% share. The Socotherm Brasil coating facility, located beside the Confab welded pipes mill in Pindamonhangaba, São Paulo, was previously managed in partnership by Tenaris and ShawCor…
Baker Hughes Inc. completed the acquisition of Weatherford’s pipeline and specialty services business for US$250 million. The total consideration includes $241 million in cash and $9 million in retained working capital. The purchase…
Noble Energy has entered into a non-binding letter of intent (LOI) to supply Jordan’s National Electric Power Co. Ltd. (NEPCO) gas from the Leviathan field, located off Israel, the company announced on 3 September 2014. In the US$15 billion deal…
Heat transfer, centrifugal separation and fluid handling firm Alfa Laval has won an order to supply Framo pumping systems to Samsung Heavy Industries in South Korea for use on Total's Egina FPSO. The order, worth about SEK 240 million…
SNC-Lavalin Group Inc. announced it completed its acquisition of Jersey-based oil and gas services company Kentz Corp. Ltd. The acquisition of Kentz supports SNC-Lavalin’s ongoing transformation into a global Tier-1 engineering and construction (E&C) company…
Greece-based exploration firm Energean Oil & Gas has launched a US$225 million investment program to develop 30MMbbl of reserves in North West Greece and to increase production from the Prinos, Prinos North and Epsilon fields to 10,000bbl/day by 2016…
Stavanger’s ONS 2014 will open its doors today, creating a global oil village stretching out across nearly 1km, with large delegations expected from the Middle East and Mexico. The event covers a larger footprint than in 2012, when the last ONS was held…
A power cut at Shell’s Nelson platform, 124 miles off Aberdeen in the North Sea, saw 148 of the 167 on board airlifted to the nearby Borgholm Dolphin flotel on Tuesday (19 August). Nineteen workers remained on the rig while the problem is resolved…
The Bright exploration well in the deepwater Gulf of Mexico reached the targeted Upper and Middle Miocene objectives, but did not encounter hydrocarbons and has been plugged and abandoned, says Noble Energy Inc. The well, located on the Atwater Valley 362 was drilled to a total depth of 13…
US oil and gas company Apache says it will exit both Chevron-operated LNG projects, Kitimat and Wheatstone, in which the company holds equity interests in order to focus on its more lucrative onshore business. Apache’s Chairman and CEO G…
Chinese industrial conglomerate Fosun International Ltd. is buying Australia’s Roc Oil Co. Ltd. in an all-cash, A$474 million (US$441 million) transaction. Sydney-based Roc Oil has assets from Australia to Malaysia, China, and the UK North Sea…
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