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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.
Focus On: Property Acquisitions & Divestitures
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.
Serica Agrees with BP to Extend Completion Timetable for BKR Transaction
Friday, September 07, 2018 Serica Energy agrees with BP to extend the completion timetable for the BKR transaction to early November.
Driller Transocean Eyes Improved Lease Rates, Activity In 2019
Wednesday, September 05, 2018 Transocean expects rates to lease drilling rigs to improve and contracting activity to pick up in late 2019.
Talos Energy to Buy Whistler Energy in $52 Million Deal
Tuesday, September 04, 2018 The deal will result in Talos acquiring additional assets in the Central Gulf of Mexico.
Petronas Boosts Payout To Govt After Quarterly Profit Nearly Doubles
Thursday, August 30, 2018 Petronas is looking to expand its core business portfolio and plans to pay the government a higher dividend than earlier promised, its CEO says.
Neptune Adds Two Senior-Level People to Its Roster
Wednesday, August 29, 2018 Neptune Energy Group has announced two senior appointments.
Lukoil Reports 20% Rise In 2Q Profit On Stronger Oil, Weaker Rouble
Wednesday, August 29, 2018 Lukoil reports a 20% rise in second-quarter net profit helped by stronger oil prices and a weaker rouble.
US Shale Producer Magnolia Eyes Tripling In Size
Wednesday, August 29, 2018 Magnolia Oil & Gas Corp aims to at least triple in market valuation in coming years.
CEO: Maersk Drilling Strong Enough To Stand On Its Own After Listing
Tuesday, August 28, 2018 Drilling rig contractor Maersk Drilling will provide strong competition for its peers when it spins off from the AP Moller-Maersk conglomerate next year.
DNO Withdraws Request For Faroe Board Seats As Conflict Escalates
Monday, August 27, 2018 DNO withdrew its request for seats on the board of Faroe Petroleum amid an escalating war of words between the companies.
United Oil & Gas Secures Two Offshore Blocks
Thursday, August 23, 2018 The company was awarded blocks 15/18d and 15/19b in the North Sea.
Santos to Buy Quadrant Energy for $2.15B
Wednesday, August 22, 2018 Australia's Santos announces the acquisition of 100% of Quadrant Energy for $2.15 billion plus potential contingent payments.
UK Oil Sector Safety Body Bolsters Leadership Team
Wednesday, August 22, 2018 Step Change in Safety announces 2 new appointments.
US Energy Corp. to Acquire Bakken Assets for $17.8 Million
Wednesday, August 22, 2018 The company entered a MOU to create more opportunities for development and acreage swaps, so it can continue consolidating its leasehold position in the area.
Saipem Awarded Services Contracts Worth Approximately $700MM
Tuesday, August 21, 2018 Saipem announces that it has been awarded services contracts worth approximately $700 million.
Industry Body Responds to Tolmount Sanction
Tuesday, August 21, 2018 Oil & Gas UK responds to Premier Oil's announcement that the development of its Tolmount Main gas field has been sanctioned by joint venture and infrastructure partners.
India Tells State Oil Firm ONGC to List Overseas Unit
Tuesday, August 21, 2018 he Indian government has asked its biggest state-owned firm, Oil and Natural Gas , to list its overseas unit ONGC Videsh, according to a letter seen by Reuters.
ONGC Provides Relief Support to Flood-Affected Kerala
Monday, August 20, 2018 Oil and Natural Gas Corporation Limited (ONGC) is providing relief support for the flood-affected Indian state of Kerala.
Shell Oil Traders Trade One Caribbean Paradise For Another
Friday, August 17, 2018 Shell Oil Traders Trade One Caribbean Paradise For Another
DNO to Request Seats on Faroe Board
Thursday, August 16, 2018 DNO ASA reveals that it will request seats on the board of Faroe Petroleum plc.
Colombia's Ecopetrol Cuts Planned 2018 Spending To $3-3.5B
Wednesday, August 15, 2018 Ecopetrol says it will invest $3 billion to $3.5 billion during 2018.
Services Firm's Aberdeen Base Sees Increased Demand, Results in Office Move
Tuesday, August 14, 2018 Ampelmann says its Aberdeen base has experienced increased business demand in recent months.
Neptune Energy to Acquire North Sea Interests from Apache
Monday, August 13, 2018 Neptune Energy Group agrees to acquire certain development and exploration assets in the UK Central North Sea from Apache North Sea Limited.
DNV GL Appoints Market Sector Leader for UK Onshore Gas Industry
Monday, August 13, 2018 DNV GL, a technical advisor to the global oil and gas industry, appoints Tim Roff as market sector leader for the UK onshore gas industry.
'New Player' Enters Louisiana Austin Chalk
Monday, August 13, 2018 Amelia Resources has sold 40,000 net acres of newly acquired leases in Louisiana Austin Chalk and Louisiana-Mississippi (LAMS) Stack plays to an 'undisclosed US-based buyer.'
ConocoPhillips to Cut US Staff in September
Monday, August 13, 2018 Oil and gas producer ConocoPhillips will be implementing modest workforce reductions.
Cenovus Agrees to Sell Pipestone Business for $625M
Friday, August 10, 2018 Cenovus Energy enters into an agreement to sell the general partnership that holds the Pipestone and Wembley natural gas and liquids business in northwestern Alberta.
Aberdeen Services Firm to Create 24 New Jobs
Thursday, August 09, 2018 Sentinel Marine takes delivery of a new vessel that will create 24 new jobs when it goes into service.
RockRose to Acquire North Sea Arran Field Stake from Dana
Thursday, August 09, 2018 RockRose Energy agrees to acquire a 20.43% interest in blocks 23/11a, 23/16b and 23/16c from Dana Petroleum.
Permian Producer Occidental Raises CAPEX Budget, Investors Balk
Thursday, August 09, 2018 Occidental Petroleum says it was raising its capital spending sharply but it maintained a tepid production forecast for the year.
Value of Canada M&A Deals Slumps Amid Oil Rally
Wednesday, August 08, 2018 Investors have been pushing Canadian energy companies to merge so they can cut costs and combine resources. That isn't going so well this year.
Rosneft Sets Cash-Flow Record
Tuesday, August 07, 2018 Rosneft PJSC posts record cash flow in the 2nd quarter.
Fred. Olsen Energy Edges Closer to Financial Restructuring
Tuesday, August 07, 2018 Fred. Olsen Energy is considering a debt and equity restructuring that would almost wipe out the value of its current shares, the company said.
Kosmos Energy Expands into Gulf of Mexico with $1.23 bln DGE Buy
Monday, August 06, 2018 Kosmos Energy has agreed to acquire Deep Gulf Energy (DGE) from its private equity owner for $1.23 billion, expanding the deepwater oil and gas firm's operations into the Gulf of Mexico.
Schlumberger Appoints Shale Innovator Mark Papa to Board
Monday, August 06, 2018 Schlumberger appointed shale pioneer Mark Papa and energy researcher Tatiana Mitrova to its board of directors, according to a filing with the U.S. Securities and Exchange Commission.
Aker Solutions to 'Integrate' UK Organization
Friday, August 03, 2018 Norway-headquartered oil and gas industry services company Aker Solutions has announced an initiative to 'integrate' its UK organization.
Noble Energy Gives In to Permian and Transport Challenges, Shares Fall
Friday, August 03, 2018 Noble Energy Inc said on Friday it would shift some investments outside of the Permian Basin and cut back on planned well completions.
Feds Drop Obama-era ExxonMobil Probe
Friday, August 03, 2018
ConocoPhillips to Sell Barnett Assets
Thursday, August 02, 2018 ConocoPhillips enters into an agreement to sell its interests in the Barnett shale play to Lime Rock Resources.
OGTC Launches New Technology Program for Oil, Gas
Wednesday, August 01, 2018 The UK's Oil & Gas Technology Centre has launched TechX Ventures.
Aker BP to Acquire Total E&P Norge Interests in 11 NCS Licenses
Tuesday, July 31, 2018 Aker BP enters into an agreement with Total E&P Norge to acquire its interests in a portfolio of 11 licenses on the Norwegian Continental Shelf.
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