Underlying structural issues with the North Sea exploration sector will need to be ironed out before the true impact of the latest licensing round and other recent UK licensing rounds is known, says oil and gas advisory firm Hannon Westwood…
Oil & Gas UK recognized EnQuest on its success in extending the life of one of the North Sea’s older assets and awarded the company the business innovation title in the large enterprise category. EnQuest wins oil & Gas UK award for Business Innovation…
Australian companies Neon Energy and MEO Australia announced they entered into a merger implementation agreement, under which the companies have agreed to merge by way of an MEO scheme or arrangement. Under the arrangement, MEO shareholders will receive 0…
UK-based Centek Group opened it its new US$13 million factory and expects to increase its UK production capacity. The expanded works in Newton Abbot, Devon, occupies 75,000sq ft, which with the US factory that opened in 2012 gives a total of 147…
BP awarded Emerson Process Management a US$40 million contract to be the main automation contractor for the Shah Deniz Stage 2 development project in the Azerbaijan sector of the Caspian Sea. Upon the terms of the agreement, Emerson will…
Petroleos Mexicanos (Pemex) will develop a US$6 billion gas liquefaction facility on the Pacific coast to enhance its export opportunities to Asia. The company said that it is aiming for a 2020 start date. The goal is to take advantage…
Calgary-based Talisman Energy has said it may suffer writedowns on its UK North Sea assets in Q4 due to battling production efficiency and cost issues on its assets in the basin. In its third-quarter report, Talisman said its UK North…
Seadrill Partners LLC and Seadrill Ltd. entered into an agreement to sell the ultra deepwater drillship West Vela to the company’s 51% owned subsidiary Seadrill Capricorn Holdings LLC. Seadrill says the acquisition, that includes…
The 3Q 2014 Oil & Gas UK Business Sentiment Index published on 30 October shows that optimism in the sector continues to decline with a drop from two points above zero on the -50 to +50 index to seven points below zero. Published quarterly…
ConocoPhillips is dropping out of the Coronado prospect located in Walker Ridge Block 52 in the deepwater Gulf of Mexico. The company was in a joint venture with Anadarko Petroleum Corp. as the operator with, Chevron Corp. and Venari Resources LLC…
Chevron Corp. made a new oil discovery in the Keathley Canyon Block 10 located at the Guadalupe prospect in the deepwater US Gulf of Mexico. Transocean’s Discoverer India. From Chevron. Well No…
BG Group has said it is delaying a sanction decision on its high-pressure high-temperature (HPHT) Jackdaw project in the central North Sea. The firm said the group wanted to study more economic and lower risk development solutions for the field…
Petrobras has begun production from FPSO Cidade de Mangaratiba, located in Block BM-S-11 of the giant Lula field. The start-up represents the first in the Iracema Sul area of the presalt Santos basin, located 300km off the coasts of the Rio de Janeiro and São Paulo states…
Energy services company Proserv has signed an agreement to be acquired by major US private equity investor Riverstone Holdings LLC. Riverstone Global Energy and Power Fund V, LP, in partnership with Proserv management, will acquire 100% of Proserv shares from Intervale Capital…
Houston-based Marathon Oil Corp. announced today it has closed the transaction with Det norske oljeselskap for the sale of Marathon Oil Norge for a total transaction value of US$2.7 billion. After adjustment for debt, net working capital and interest on the net purchase price…
Subscribe
