Norwegian oil services investment firm Akastor has agreed to sell Fjords Processing to National Oilwell Varco for US$145.7 million on a debt- and cash-free basis. Fjords is a leader in complete process support systems for gas, oil and water…
Well integrity and reliability software supplier ExproSoft has acquired Miriam, a supplier of RAM analysis software. Image of Odd Are Svensen (CEO, ExproSoft) and Christophe Spaggiari (CTO, Miriam)…
QGEP Participações entered into an agreement with its partner, Pacific Brasil Exploração e Produção de Óleo e Gás Ltda., to acquire working interest in three blocks in the Foz do Amazonas and the Pará-Maranhão basins (PAMA), offshore Brazil…
Mexico’s Petróleos Mexicanos (Pemex) is looking to turn its financial structure around in 2017 by placing, repurchasing, and exchanging bonds. Image from Pemex. Yesterday (3 October)…
The Transocean Winner has been loaded onto the Hawk semisubmersible heavy lift ship, and is preparing for its journey to Turkey, according to the UK’s Maritime & Coastguard Agency (MCA). The Transocean Winner…
With the downturn taking many drillships off the market, ABS’ Dave Forsyth and Landon Fields discuss how to bring those ships back up to speed when the market recovers. Safe and rapid reactivation…
Petróleo Brasileiro (Petrobras) is in negotiations with Karoon Gas Australia to sell its stake in the Baúna and Tartaruga Verde fields, offshore Brazil. The proposed deal will see the sale of 100% stake in the Baúna field, in the shallow waters of post-salt Santos Basin…
Freeport-McMoRan (FCX) plans to merge its oil and gas subsidiary, Freeport-McMoRan Oil & Gas (FM O&G) with the parent company, after its proposed US$2 billion asset sale to Anadarko Petroleum failed to gain support from the company's lenders…
Development costs to first oil for the Sea Lion project off the Falklands have been reduced to US$1.5 billion with more savings possible, according to partner Rockhopper exploration. The UK-based independent also says the 2C, or proved plus probable reserves…
Cautiously optimistic executives expect oil prices to return to US$60-80/bbl – spurring investment and economic growth, according to a new survey conducted by advisory firm Deloitte. The two-year downturn in the oil and gas industry may be coming to a close…
The Bureau of Ocean Energy Management (BOEM) will offer approximately 47 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Central Planning Area (CPA)…
InterMoor has appointed Joe Price as country manager for InterMoor Canada based in St. John’s, Newfoundland, the regional hub for the Canadian offshore oil and gas sector. Price, a native Newfoundlander, is a graduate of the Ocean and…
Maersk Oil UK has awarded fellow company Maersk Supply Service to provide decommissioning services for the Janice field in the North Sea. Janice A FPU. Images from Maersk Oil. Maersk Supply Service (MSS) will provide engineering…
PGS and TGS-NOPEC Geophysical Co. (TGS) have jointly agreed principal terms and conditions for purchase of a majority of the multiclient library of Dolphin UK. PGS and TGS will make this purchase on a 50/50 basis. This purchase represents a limited initial cash outlay for PGS…
SBM Offshore has released a video of the Turritella floating production and storage offloading (FPSO) unit, as the vessel started commercial production at Shell’s Stones development in the deepwater Gulf of Mexico on 6 September. At Stones…
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