Company Operations News


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ADNOC and Aramco Sign Gas Pact
Monday, November 12, 2018 ADNOC signs a framework agreement with Saudi Aramco to explore potential opportunities for collaboration in the natural gas and LNG sectors.

Maersk Drilling to Sell Jackup
Monday, November 12, 2018 The company has entered into an agreement to sell the Maersk Giant to an Australian-based company.

Sub-Saharan Africa Capex Could Hit $24B in 2019
Friday, November 09, 2018 CAPEX among Sub-Saharan Africa national oil companies and SSA-focused international oil and gas companies is set to register a 13.1% growth in 2019.

Oasis Petroleum Sells Assets to Oasis Midstream
Friday, November 09, 2018 Oasis Midstream Partners LP is buying assets from Oasis Petroleum Inc. for $250 million.

Exxon's $2B Canada Move Shows Confidence
Thursday, November 08, 2018 Almost 2 years after Exxon Mobil removed billions of barrels of oil-sands crude from its reserves, its Imperial Oil unit is investing again.

Chevron Appoints New North America E&P Leader
Wednesday, November 07, 2018 Chevron Corporation appoints a new president for North America Exploration and Production.

Serica Boosts Stake in North Sea Assets
Tuesday, November 06, 2018 Serica UK signs a deal to buy additional interests in the Bruce and Keith fields and associated infrastructure in the UK North Sea.

Axis Energy Services Offers New Option for Completions
Tuesday, November 06, 2018 The new company based in East Texas is focused on more efficient completions on long-lateral shale wells.




SandRidge Sells Permian Assets; Buys Mid-Con Assets
Monday, November 05, 2018 SandRidge Energy divests Permian assets and picks up assets in the Mid-Continent Basin.

3T Energy Group Buys Survivex
Friday, November 02, 2018 Global technology and training organization, 3T Energy Group, acquires offshore training company Survivex.

Oil & Gas UK Awards Winners Revealed
Friday, November 02, 2018 Industry body Oil & Gas UK reveals the winners of the 2018 Oil & Gas UK Awards.

Shell Produces One of Its Strongest Ever Quarters
Thursday, November 01, 2018 Shell's CEO announced Thursday that good operational delivery across all Shell businesses produced one of the company's strongest ever quarters.

BP Completes $10.5B BHP Deal
Thursday, November 01, 2018 BP completes its $10.5 billion acquisition of BHP's U.S. unconventional assets.

ConocoPhillips Departs Barnett
Thursday, November 01, 2018 ConocoPhillips has completed the sale of its assets in the Barnett shale play in North Texas to Lime Rock Resources for approximately $230 million.

Norwegian Firm Wins $100MM Johan Sverdrup Work
Wednesday, October 31, 2018 Kvaerner signs a contract worth approximately $107 million with Equinor.

GOM Drillship Contract Goes to Rowan
Tuesday, October 30, 2018 Fieldwood Energy LLC has awarded a GOM contract to Rowan for the R-Class ultra-deepwater drillship Rowan Reliance.

Former Afren Execs Get as Much as Six Years in Prison
Monday, October 29, 2018 A UK court sentenced the top two executives at Afren to as much as six years in prison.

Australian Firm Takes 1st Step in North Sea Push
Friday, October 26, 2018 Talon Petroleum Limited enters into an agreement with Corallian Energy Limited to earn a 10% stake in License P2396.

Saudi Aramco Signs Deals Worth Over $34B
Wednesday, October 24, 2018 Saudi Aramco signs 15 Memoranda of Understanding and strategic and commercial collaborations valued at more than $34 billion.

Weatherford Sells Laboratory Business for $205MM
Wednesday, October 24, 2018 Weatherford is divesting its laboratory and geological analysis business to increase shareholder value.

Aker Wins $200MM CNOOC Subsea Order
Tuesday, October 23, 2018 Aker Solutions receives a notification of award for orders valued at more than $205 million from the China National Offshore Oil Corporation.

Nostra Terra Acquires 8 Potential Permian Wells
Tuesday, October 23, 2018 Nostra Terra Oil and Gas has acquired the Mesquite Prospect in the Permian Basin, giving them potential to drill eight horizontal wells.

Jacobs Sells Energy Segment for $3.3B
Monday, October 22, 2018 Jacobs Engineering Group agrees to sell its Energy, Chemicals and Resources segment to WorleyParsons Limited for $3.3 billion.

Petronas Buys into Khazzan Field
Monday, October 22, 2018 Oman Oil Company Exploration and Production has agreed to sell a 10% stake in Block 61, where the Khazzan field is located, to PC Oman Ventures, a wholly owned subsidiary of Petronas.

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.

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.

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