Malaysian state-owned oil firm Petronas has bought Statoil’s stakes in the BP-operated Shah Deniz project from Norway’s Statoil for US$2.25 billion. Statoil says the move, which sees it exit the Shah Deniz project, is part of its portfolio management…
Noble Energy and Singapore-based Ezra Holdings’ subsea division EMAS AMC, finalized three subsea tieback contracts worth approximately US$300 million. Image from Ezra. The scope of work includes engineering…
Iona Energy UK Ltd. finalized agreements with CNR International Ltd. for the off-take arrangements for the Orlando field development located in the UK northern North Sea. Map of the Orlando and Kells developments…
In 2014, decommissioning spending on the UK Continental Shelf (UKCS) will reach approximately US$1.6 billion (£1 billion) for the first time in a single year, according to data published 9 October. The data, gathered from 28 UKCS operators…
UK-based Cairn Energy and its Senegalese partners have made an oil discovery, which has the potential to be a “significant standalone development”, on the deepwater FAN-1 well. The well, drilled using the semisubmersible Cajun Express…
New York-based NEAH Global Energy Solutions (GES) USA Inc. announced its intention to acquire English maritime security specialist Graspan Frankton Maritime Ltd. Graspan Frankton is based in Newcastle upon Tyne and offers maritime security courses and services…
Houston-based exploration and production independent Endeavour International appointed a consultancy firm and recruited a chief restructuring officer. The firm, which has assets in the US and North Sea, has been struggling with debt and…
Abu Dhabi-based Mubadala Petroleum has spudded two more wells on the Manora field off Thailand. Drilled with Atwood Oceanics’ jackup Atwood Orca, the MNA-04 and MNA-05 wells represent the fourth and fifth wells, respectively, of a planned 15 developmental well campaign set to end 1Q 2015…
UK-based engineering and project management firm Atkins has acquired Houston-based Houston Offshore Engineering (HOE) for US$73 million (approximately £45 million). HOE has specialist experience in the design of offshore deepwater floating…
Norwegian exploration and production firm Noreco is facing uncertainty after its chairman resigned with immediate effect as the firm deals with significant write-downs on reserves at key production assets. Noreco says, according to updated reservoir modeling by operator Dong Energy…
Murphy Oil Corp. entered into an agreement with PT Pertamina Malaysia Eksplorasi Produksi to sell 30% of Murphy's Malaysian oil and gas assets in a US$2 billion all-cash deal. The contract will take place in two phases: the first phase…
OE steps into the future with an interactive print issue this month. We’re offering extended image galleries, videos, and other content to enhance your editorial experience all with a swipe from your smart device such as a phone or tablet…
FoundOcean and Ranger Offshore Inc. signed a strategic agreement this month, formalizing a relationship that has previously developed between the two companies. FoundOcean, Ranger Offshore combine…
Glacier Energy Services acquired Aberdeen-based MLS Heat Transfer to improve its heat transfer service division. Heat exchanger maintenance work. From Glacier Energy Services MSL Heat Transfer…
German company RWE Dea has been awarded two offshore blocks in the Gulf of Suez in Egypt’s international bid round. The new RWE Dea licences in the Gulf of Suez Map from Dea RWE will become…
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