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Petrofac Sells 49 Percent of Mexico Operations
Friday, October 19, 2018 Petrofac completes the sale of 49% of its operations in Mexico to Perenco (Oil & Gas) International Limited.
Freeport-McMoRan Hires Rowan Jackup for GOM Work
Friday, October 19, 2018 Freeport-McMoran has hired a Rowan jackup for a one-well contract in the US Gulf of Mexico.
Equinor Sells Tommeliten Discovery Stake
Thursday, October 18, 2018 Equinor signs an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf for a total of $220 million.
Earthstone Gains Midland Basin Assets for $950MM
Thursday, October 18, 2018 Earthstone signs two deals to acquire assets in the northern Midland Basin for $950 million in cash and stock.
Chevron Donates $500K for Hurricane Relief
Wednesday, October 17, 2018 Chevron announces a contribution of $500,000 from the Chevron Global Community Fund to assist with efforts to recover from the damage done by Hurricane Michael.
Carlyle Group Buys EnerMech
Tuesday, October 16, 2018 Aberdeen-headquartered EnerMech has been acquired from Lime Rock Partners by global alternative asset manager The Carlyle Group for an undisclosed sum.
Aker BP Buys King Lear Find
Tuesday, October 16, 2018 Aker BP enters into an agreement with Equinor to acquire its 77.8% interest in the King Lear gas/condensate discovery.
Saipem Seals Services Deals Worth $400MM
Monday, October 15, 2018 Saipem signs new offshore engineering and construction contracts in Azerbaijan, the North Sea and the Republic of Congo worth a total of approximately $400 million.
Focus On: Offshore
Nine Buys Magnum Oil Tools for About $500MM
Monday, October 15, 2018 Houston-based oilfield services provider Nine Energy Service is acquiring Magnum Oil Tools to enhance its completions technology.
New Energy Experts to Help Scottish Companies
Thursday, October 11, 2018 The Scottish government announces that 5 international market specialists are to be appointed to support Scottish companies to maximize export opportunities in the energy supply chain.
Murphy Oil and Petrobras to Form Gulf of Mexico JV
Thursday, October 11, 2018 The companies have entered into a joint agreement to combine both companies' Gulf of Mexico assets.
Vista to Build Frac Sand Mine in Oklahoma
Thursday, October 11, 2018 The frac sand mine will serve SCOOP and STACK shale producers.
Wood Creates 1K New Jobs in Last Year
Wednesday, October 10, 2018 Wood's Asset Solutions Americas business created approximately 1,000 new jobs in the last year as a result of securing new midstream sector contracts across the US worth $250 million.
Dallas Cowboys Owner Seeks Shale Gas Deals in Haynesville
Tuesday, October 09, 2018 Dallas Cowboys billionaire owner Jerry Jones is exploring a series of takeovers to expand his Comstock Resources Inc. in the Haynesville.
BHGE to Acquire $550MM Stake in ADNOC Drilling
Monday, October 08, 2018 BHGE and ADNOC sign a strategic partnership agreement that will see BHGE acquire a 5% stake in ADNOC's subsidiary, ADNOC Drilling, for $550 million.
Precision Drilling to Pay $1B for Trinidad Drilling
Monday, October 08, 2018 The acquisition will create the third largest drilling contractor in the US.
BP and Aker BP Form Technology Alliance
Wednesday, October 03, 2018 The two companies have created a strategic venture to add new technologies to their businesses.
Subsea Contract Features Made-in-India Element
Wednesday, October 03, 2018 India's ONGC has awarded it largest single subsea contract.
Industry Body Unveils New Decom Team
Tuesday, October 02, 2018 Industry body Oil & Gas UK unveils a new decommissioning team.
Northern Oil and Gas Spends $114.8MM on W Energy Partners Buy
Tuesday, October 02, 2018 Northern acquired W Energy Partners assets and a cash and stock deal.
Neptune Energy Buys VNG Norge
Monday, October 01, 2018 Neptune Energy Group completes the acquisition of VNG Norge AS.
Husky Makes $2.6B Hostile Bid for MEG Energy
Monday, October 01, 2018 Husky Energy has made a $2.6 billion hostile bid for MEG Energy Corp.
DJR Energy to Acquire $480MM Worth of San Juan Assets from Encana
Monday, October 01, 2018 The deal will provide DJR Energy with 182,000 net acres in the San Juan Basin in New Mexico.
ConocoPhillips to Divest Timor Sea Acreage
Monday, October 01, 2018 ConocoPhillips to sell its 30% interest in the Greater Sunrise natural gas and condensate fields.
Wintershall and DEA to Merge
Friday, September 28, 2018 BASF and LetterOne sign an agreement to merge their respective oil and gas businesses.
Offshore Brazil Contract Extension Goes to Transocean
Friday, September 28, 2018 Transocean has won a 790-day contract extension from Petrobras.
Rosebank Stake Buyer Needs Deep Pockets
Thursday, September 27, 2018 Any buyer for Chevron's stake in the Rosebank field will need to have very deep pockets to fund the capital cost of development, says Wood Mackenzie.
Chevron Gets Rosebank Interest
Wednesday, September 26, 2018 Chevron receives an expression of interest for its share in the Rosebank project, located within the UK Continental Shelf.
Total to Increase DUC Stake
Wednesday, September 26, 2018 Total agrees to purchase from Chevron all the share capital of Chevron Denmark Inc.
OGCI Sets First Collective Methane Target
Tuesday, September 25, 2018 The Oil and Gas Climate Initiative has set its first collective methane target for member companies.
Shareholders Approve MPC and Andeavor Merger
Tuesday, September 25, 2018 Shareholders of both Marathon Petroleum Corp (MPC) and Andeavor have voted to approve the strategic combination of the 2 companies, MPC reveals.
Emerson Lays Off Paradigm Staff
Tuesday, September 25, 2018 The company tells Rigzone it has reduced its workforce in order to be more efficient.
W&T Offshore to Divest Select Permian Interests
Tuesday, September 25, 2018 W&T Offshore shares an update on its JV drilling program and plans to sell Permian interests for $56.8 million.
UKCS Player Signs $400MM Acquisition Agreement
Friday, September 21, 2018 Verus Petroleum signs an agreement for the acquisition of Cieco Exploration & Production (UK) Limited, a wholly owned subsidiary of ITOCHU Corporation.
Shell Is in Talks to Sell $1.3B in Gulf Coast Assets
Friday, September 21, 2018 Royal Dutch Shell plc is in talks to sell its interest in a Gulf of Mexico oilfield to Focus Oil, according to people familiar with the matter.
SDX Energy in Discussions to Acquire Egypt Asset Package from BP
Friday, September 21, 2018 SDX Energy confirms that it is in discussions for the acquisition of a 'significant package of assets' in Egypt from BP.
BP Launches Skills Refinery to Improve Student Employability
Friday, September 21, 2018 BP launches the Skills Refinery, a new global online portal that aims to improve students' employability.
Transocean Wins Multi-well NCS Contract for New Semisub
Friday, September 21, 2018 The harsh-environment rig will be capable of operating at a water depth up to 10,000 feet.
Pemex Signs Landmark Offshore Deal
Friday, September 21, 2018 Pemex and a three-way JV have struck what is reportedly the first pre-unitization agreement ever signed in Mexico.
Riverstone is Planning $900MM Sale of Abaco Energy
Wednesday, September 19, 2018 Riverstone Holdings is preparing to sell oilfield services equipment company Abaco Energy Technologies, which could fetch about $900 million, according to people with knowledge of the matter.
Program Aimed at Redundant O&G Workers Opens Third Round
Tuesday, September 18, 2018 An initiative which has brought together redundant oil and gas professionals to create and launch new energy businesses is opening applications for its 3rd round.
Shell Outlines Methane Emissions Intensity Target for O&G Assets
Monday, September 17, 2018 Royal Dutch Shell plc announces a target to maintain methane emissions intensity below 0.2% by 2025.
Weatherford CEO's Rebound Plan Relies On Getting Smaller
Friday, September 14, 2018 Mark McCollum thinks his push to simplify its sprawling supplier networks and corporate organization will help turn around the company to emerge from the oil price collapse.
BP Buys 61 Percent Stake In Azerbaijan's Gobustan Onshore Project
Friday, September 14, 2018 BP has acquired a 61 percent participating interest in the existing onshore Gobustan PSA.
UK Union Members Emphatically Reject Revised Total Pay Offer
Wednesday, September 12, 2018 UK union Unite says its members have 'emphatically rejected' a revised pay offer by Total.
OMV Intends to Acquire 50 Percent Stake in Sapura Upstream
Wednesday, September 12, 2018 OMV announces Wednesday that it intends to acquire a 50% interest in Sapura Energy Berhad's wholly owned subsidiary, Sapura Upstream Sdn Bhd.
Chairman: Borr Drilling Aims To Start Paying Dividends By 2020
Wednesday, September 12, 2018 Borr Drilling aims to start paying dividends by 2020, the company's founder and chairman Tor Olav Troeim says.
SandRidge Energy Rejects Takeover Bids, Saying They Undervalue Company
Monday, September 10, 2018 SandRidge says it ended its strategic review and rejected all bids, saying they undervalued the company.
EnQuest Launches $138MM Rights Issue To Buy All Of Magnus Oilfield
Friday, September 07, 2018 EnQuest, which already owns a quarter of the Magnus oilfield, launches a rights issue to help it buy the rest from BP.
UK Offshore Oil Industry Welcoming Over 100 Apprentices in September
Friday, September 07, 2018 A total of 105 students will join the industry in September through the Oil and Gas Technical Apprentice Program.
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