Saudi oil company Saudi Aramco has awarded the first large-scope integrated services contract for its Marjan oilfield – the first of three major offshore expansions in Saudi Arabia, and the company’s largest upstream development project this year – to Baker Hughes (BHGE). BHGE said…
The world is ticking down to a deadline which promises to have major ramifications in the global fuel markets. On the 1st January 2020, the International Maritime Organisation (IMO) will require the sulphur content in marine fuel to drop from a maximum of 3.5%…
ExxonMobil said on the 3rd September that a blockade by former employees threatens crude production at oil facilities in Nigeria, adding that “disruptions to these operations have the potential to significantly impact revenues.” The company made the announcement in a statement after a six-week…
US-based independent exploration and production company Talos Energy entered into and completed a transaction to acquire Whistler Energy II LLC on the 31st August. Talos said on the 4th September that the purchase price was US$52 million and, as part of this acquisition, the…
LLOG Exploration Company LLC, Covington, Louisiana, has brought online several wells in the deep-water Gulf of Mexico and will move forward with additional development projects. Crown & Anchor – a previously announced two-well oil discovery in 4,200 feet of water on Viosca Knoll Blocks…
Following completion of the acquisition of Shell and Exxon’s interests in the Triton oil cluster, Tailwind Energy has announced the next stage of its growth. Tailwind has agreed with EOG Resources to acquire EOG’s UK business, subject to regulatory approvals. As part of…
Transocean and Ocean Rig have entered into a definitive merger agreement under which Transocean will acquire Ocean Rig in a cash and stock transaction valued at approximately US$2.7 billion, inclusive of Ocean Rig’s net debt. The transaction consideration is comprised of 1.6128 newly issued shares of Transocean plus US$12.75…
Tullow Oil has started drilling the Cormorant-1 well located in PEL 37 offshore Namibia. PEL 37 covers an area of 17,295 square kilometres in the Walvis Basin offshore Namibia. The participants in Cormorant-1 well are Tullow Namibia Limited (operator) with a 35% interest;…
Carbon-fibre composite pipe manufacturer Magma Global has announced a joint initiative with Equinor at ONS to qualify an all-Magma solution for jumpers. This is initially envisaged for use offshore Norway. Charles Tavner, COO at Magma Global, said: “There is no doubt in our…
Europa Oil & Gas has been notified by the Head of Estates at the Forestry Commission that the Minister for the Environment, Food and Rural Affairs, has decided not to renew the lease at Bury Hill Wood, Coldharbour Lane, Surrey. Bury Hill Wood…
