Independent energy producer WPX Energy revealed Monday that it will purchase Felix Energy for US$2.5 billion. The purchase price consists of US$900 million in cash, subject to closing adjustments, and US$1.6 billion in WPX stock issued to the seller. The company said it…
Dutch energy and dredging services provider Royal Boskalis Westminster NV has been awarded two offshore contracts with a combined value of approximately €85 million (US$94.8 million). Boskalis said on the 17th December that it had won a deal for a four-kilometre-long gas pipeline, which…
National Iranian Oil Company (NIOC) has contracted Petropars to perform the engineering, exploration and basic design for the Farzad B gas field development in the Persian Gulf. Iranian Minister of Petroleum Bijan Zangeneh said NIOC had allocated US$75 million towards the programme with the…
The technology group Wärtsilä has announced the first order of its innovative new Wärtsilä Modular Block solution for power generation to Aggreko, a global provider of mobile, modular power, temperature control and energy services. Four Wärtsilä Modular Block enclosures with one medium-speed Wärtsilä 32…
Touchstone Exploration has made a significant crude oil discovery with the Cascadura-1ST1 well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago. Highlights Cascadura-1ST1 cased hole wireline logs indicated significant prospective oil pay totalling 1,037 feet from 1,374 feet…
Oman Oil Refineries & Petroleum Industries Company (ORPIC) has completed a major turnaround involving installation of a new reactor for an existing residue fluid catalytic cracking (RFCC) unit at the operator’s now 198,000-b/d Sohar refinery, about 230 km north-west of Muscat. Subcontracted by India’s…
China Petroleum & Chemical Corporation (“Sinopec” or the “Company”) has completed the central unit of the Al-Zour refinery project in Kuwait. As the largest refinery in the Middle East, it will make Kuwait the biggest clean oil-producing country in the region with an annual…
BP has said it has further confirmed the world-class scale of the gas resource offshore Mauritania and Senegal which could lead to new offshore developments. The company said that three appraisal wells drilled this year, GTA-1, Yakaar-2, and Orca-1, had targeted a total of…
JDC said on the 13th December that the drilling rig Hakuryu-5 had started operations offshore Natuna, Indonesia on that day. The Hakuryu-5 rig was awarded a contract for two firm wells, expected to take 123 days, by Medco in January 2019. Medco also…
The UK’s latest offshore licensing round generated “considerable interest”, according to the UK’s Oil & Gas Authority (OGA). The 32nd offshore licensing round attracted 104 applications covering 245 blocks or part-blocks across the main producing areas of the UK Continental Shelf (UKCS), the OGA…
