New back office deal to save London market £100 million A new five-year contract which will see bureau services for the London market continue to be outsourced to DXC Technology has been heralded by the London market for its future cost savings. The Lloyd’s Market Association…
The oil and gas industry in Africa continues to face market challenges arising from the low oil price, competition for revenue growth and local talent together with new expectations from investors and regulators. “Africa’s oil & gas industry is experiencing significant change and upheaval. There…
Royal Dutch Shell Plc, through its affiliates, has completed the sale of its entire Gabon onshore oil and gas interests to Assala Energy Holdings Ltd a portfolio company of The Carlyle Group, for a total of US$628 million including amount equivalent to interest. This…
Anadarko has signed an exploration agreement with the government of Peru to explore 4.7 million acres (7,344 square miles) on three deepwater blocks in the Trujillo basin. The exploration schedule runs for seven years with attractive fiscal terms, the company says. During the initial…
Nexen Petroleum UK lets drilling contract for Buzzard field Nexen Petroleum UK Ltd has let a contract to Maersk Drilling to drill three wells with options for nine additional wells at Buzzard oil field in the UK North Sea. The contract is for the…
Sydney and Port Moresby-based Oil Search Ltd has spread beyond Papua New Guinea to buy into oil permits in Alaska west of the Prudhoe Bay oil fields. The company has paid US$400 million for assets on the North Slope – including the Nanushuk and…
Greek energy firm Energean said on the 31st October it signed three new deals to sell natural gas from the Karish and Tanin offshore fields to Israeli companies. The deals were signed with Dorad Energy Ltd and two subsidiaries of the Edeltech Group, Ashdod…
Chevron Global Ventures Ltd has cancelled plans to sell its wholly owned indirect subsidiaries in Bangladesh to Himalaya Energy Company Ltd of China, according to press reports. Chevron disclosed its intention to sell the units last April. The subsidiaries produced 720 MMcfd of…
KVH Industries, Inc has announced the launch of its next-generation, advanced maritime broadband network, joined by service partner, Intelsat SA. Slated for commercial availability next month, KVH’s high-speed overlay to its current mini-VSAT Broadband℠ service is expected to triple, and in some cases increase…
ONGC has made two deepwater discoveries in the KG basin off India. In the G-1 PML concession, the G-1-15 (G-1-AC-Shift) well was drilled to a depth of 2,350 metres (7,710 feet), encountering oil and gas during tests of three sand intervals in the Godavari…
