With Mexico's government insisting that energy companies increase oil and gas output before it auctions off more of the country's vast reserves or offers more partnerships with state-run Pemex, firms ranging from foreign majors to local players are scrambling to buy and sell blocks they already own…
Norwegian pipeline firm Solveig Gas has agreed to buy oil firm Capricorn Norge from Cairn Energy for $100 million, completing its transformation into a North Sea field operator, Solveig's owner HitecVision said on Wednesday.The private equity…
A group led by Japan's Mitsubishi Corp will buy Eneco in a deal valuing the Dutch energy firm at 4.1 billion euros ($4.52 billion), Eneco said on Monday, beating off rival bids from Shell and private equity firm KKR.Eneco, a company owned by…
North Sea oil producer Chrysaor Norge has exercised an option to buy stakes in OKEA’s Grevling and Storskrymten discoveries offshore Norway.The Norwegean oil production company OKEA confirmed the sale of 20% of the Company's participating interest in Grevling (PL 038D) and 18…
Energy group Centrica and Stadtwerke Muenchen (SWM) Group have launched the sale of Spirit Energy, one of the North Sea's biggest oil and gas producers, according to a document sent to prospective buyers seen by Reuters.Spirit Energy currently produces around 130…
Repsol will acquire a 20% nonoperated interest in the Monument prospect that oprator Equinor is drilling in the Northwest Walker Ridge area in the deepwater Gulf of Mexico, Equinor said in an announcement on Thursday.The Norwegian energy copany…
PGNiG Upstream Norway bought 10 percent shares in the PL636 and PL636B licenses in the North Sea from Pandion Energy, thus increasing its ownership in the Duva field to 30 percent.Duva oil and gas field (formerly Cara) is located in the Norwegian sector of the North Sea at a water depth of 360m…
Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major's electricity business.EOLFI has largely focused on solar and wind projects, including offshore wind farms. Offshore wind is one of the fastest growing renewables markets…
Services firm Wood said it has been awarded a contract with Apache to provide commissioning services to the Beryl Alpha, Beryl Bravo, and Forties Alpha, Bravo, Charlie and Delta platforms located in the UK North Sea.Apache will leverage Wood’s…
Italian energy company Eni has bought 70% of Edison's stake in Block 12 of the offshore Habi gas concession in Egypt's eastern Mediterranean, an official at state-owned Egyptian gas company EGAS said on Thursday.The official, who spoke on condition of anonymity…
A newly created online assessment tool aims to help drilling employers reinforce the competency of roustabouts.Developed as part of the OPITO Skills Screening online tool, a comprehensive question bank has been created by the International Association…
Halliburton Co on Monday promised more cost cuts after reporting a bigger-than-expected drop in quarterly revenue as the oilfield services looks to counter weak demand from North American shale producers, sending its shares up about 7%.The biggest hydraulic fracking services provider…
Schlumberger NV beat Wall Street estimates for profit on Friday, in the first quarter under Olivier Le Peuch, as higher international drilling activity boosted demand for its equipment and services and helped counter weakness in North America…
U.S.-based Chevron Corp said on Friday it signed an agreement with a unit of Royal Dutch Shell to buy a 40% stake in three deepwater blocks in the Mexican Gulf that the Anglo-Dutch firm won in auctions under the nation's energy reform.The deal…
Egypt's Baltim South West offshore gas field backed by BP and Eni has started production of 100 million cubic feet of gas a day, the oil ministry said on Tuesday.Output will rise to 500 million cubic feet of gas by the second quarter of 2020 when five wells are expected to be online…
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