St. Louis-based technology firm Emerson Electric has once again offered to buy Milwaukee-based Rockwell Automation, this time proposing to acquire all of Rockwell’s outstanding shares in a deal valued at $29 billion. David N…
Wintershall and its partners have been given the green light to start production next month from the Maria field in the Norwegian Sea. Maria development. Source: Wintershall. The development…
Shell took another step towards completing its three-year, US$30 billion divestment program by selling shares in Woodside Petroleum to equity investors. Shell subsidiary, Shell Energy Holdings Australia, initially said today (13 November)…
Canadian Overseas Petroleum says it and its partner ExxonMobil on block LB-13, offshore Liberia, West Africa, are to relinquish the block. The two have elected not to enter into third exploration period and surrendered their rights to the LB-13 license…
Private equity backed independent Chrysaor says it is already maturing drilling opportunities after completing a deal to buy a major package of UK North Sea assets from Shell for up to US$3.8 billion. The deal sees Chrysaor become a major independent exploration company company in the UK…
Norwegian private equity-backed player Point Resources has completed its deal to buy ExxonMobil's operated stakes in the Balder, Ringhorne, Ringhorne East, Jotun and Forseti fields on the Norwegian Continental Shelf (NCS) and plans to invest US$2…
Production has started from the Hail oil field offshore Abu Dhabi in the United Arab Emirates, says Abu Dhabi Oil Co., a subsidiary of Japan's Cosmo Energy Exploration & Production Co. The production from the Hail oil field is the first…
Industry conditions remained challenging; but awards to market are expected to increase in 1H 2018, says subsea contractor Subsea 7, echoing optimism indicated by rival TechnipFMC last month. The firm's boss, CEO Jean Cahuzac, says: 'Although the market environment remains challenging…
The trophy for this year's Offshore Achievement Awards in Aberdeen has been picked, with less than a month to go now until entries close for the Society of Petroleum Engineers' organized event, supported by OE (Offshore Engineer). Each year the organizers of the awards…
Siccar Point Energy will sell to Dyas UK Limited its 26% equity interest in three production contract licenses covering the Jackdaw discovery in the central UK North Sea. While Jackdaw operator Shell has conducted excellent work progressing the opportunity…
Reduced spending for oil and gas exploration is limiting availability of quality deepwater assets for merger and acquisition (M&A) deals, according to a new report by IHS Markit. This lack of deepwater asset inventory is challenging exploration…
ExxonMobil will join Statoil as a partner offshore Brazil, buying half of Statoil's interest in block BM-S-8, which contains part of the pre-salt Carcará oil field, for US$1.3 billion. The pair have also teamed up for a pre-salt licensing…
Norwegian investment firm Akastor and Japan's Mitsui have entered into a memorandum of understanding which could see the Japanese firm, together with potential partners, invest in oilfield services firm AKOFS Offshore. The move could…
Last month (October 2017), Chevron approved plans for a commercial polymer EOR project on its UK North Sea Captain heavy oil field. Elaine Maslin looks at the broader prospects for EOR projects on the UKCS. For many fields on the UK Continental Shelf (UKCS) the clock is ticking…
Record numbers of marine energy devices are generating record amount of power in Scottish Waters, but the sector has been knocked back in its bid for support. Elaine Maslin reports. Timing is everything, they say. For the UK marine energy sector…
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