US oil major Chevron has stated that it will not make a counter proposal for Anadarko Petroleum, following Occidental's counter bid. Chevron said that: 'Under the terms of its previously announced merger agreement with Anadarko Petroleum Corporation…
The Norwegian oil and gas operator focused on the Middle East and the North Sea, DNO ASA said it has completed the private placement of USD 400 million of new, five-year senior unsecured bonds with a coupon rate of 8.375 percent.The bond placement…
Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories.Brent crude futures were up $1.03 cents at $72.80 a barrel by 1344 GMT…
Oil and gas procurement specialist, Craig International has won a North Sea contract worth around GBP 20 million with BP.The Aberdeen-based oilfield services firm provide third party procurement services including equipment for maintenance…
Norwegian oil company Okea AS said on Tuesday it was planning an initial public offering by mid-2019, in a bid to raise funds to finance further expansions.The company, which is partly owned by Thailand's Bangchak Corporation and private equity firm Seacrest Capital…
Brazil's national energy council on Thursday published updated parameters for a massive oil auction scheduled for later this year, including minimum levels of profit-sharing with the government, while also urging a shakeup in the refinery sector…
BP is set to go ahead with its Thunder Horse South Expansion Phase 2 project in the deepwater Gulf of Mexico after announcing project sanction. Thunder Horse Expansion Phase 2 will boost output at one of the largest oil fields in the Gulf of Mexico by about 50…
Israel's Delek Group confirmed on Sunday it submitted a proposal through its Ithaca unit to buy Chevron's oil and gas fields in the British North Sea.Last week Reuters reported that Delek was close to clinching Chevron's oil and gas fields in the British North Sea…
Dutch offshore access provider Ampelmann has secured a contract to supply a walk-to-work (W2W) transfer system for US based marine transportation company Harvey Gulf to be used during maintenance work at an oil and gas platform in the Gulf of Mexico…
UK-based underwater vehicle services company Modus Seabed Intervention has agreed with Saab Seaeye to buy its second Sabertooth hybrid autonomous underwater vehicle (HAUV).The 3,000-meter rated Sabertooth will be equipped with extended autonomous…
France's Total SA said on Sunday it has agreed with Occidental Petroleum Corp to acquire the African assets of Anadarko Petroleum Corp for $8.8 billion, should the two U.S. oil and gas companies clinch a deal to combine.The agreement with Total…
Anadarko Petroleum Corp said on Monday it planned to resume talks with Occidental Petroleum Corp over its $38 billion bid, putting pressure on Chevron Corp to raise its $33 billion offer for the oil and gas producer.Anadarko said its board had…
Warren Buffett's Berkshire Hathaway Inc committed $10 billion on Tuesday to Occidental Petroleum Corp's $38 billion cash-and-stock bid for Anadarko Petroleum Corp, boosting its chances of snatching a deal from Chevron Corp.Occidental and Chevron…
Dredging, environmental and marine engineering group DEME has signed an agreement with Norwegian energy company Equinor to study floating concrete substructures for the groundbreaking Hywind Tampen floating wind farm.The scope of the front-end…
Oil and gas producer Murphy Oil Corp said on Tuesday it would buy Gulf of Mexico assets from LLOG Exploration Offshore and LLOG Bluewater Holdings for at least $1.38 billion in cash in a move to strengthen its position in the region that saw record production last year…
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