Shell to Sell US GoM Asset Stake for Almost US$1 billion

Shell Offshore Inc has signed an agreement to sell its 22.45 percent non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek CT Investment LLC.   The total consideration for the deal, which is likely to close by the end of…

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Oceaneering opens global engineering consultancy

Oceaneering International Inc has launched a global engineering consultancy, aimed at delivering specialist technical engineering solutions which complement its existing asset integrity business.   The new consultancy’s focus will be to solve complex and niche integrity issues for customers through a range of engineering services….

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Ensco, Rowan complete merger creating largest offshore drilling firm

Offshore drilling companies Ensco and Rowan have completed the previously announced merger deal, creating a new company named EnscoRowan. Ensco Rowan is now the world’s largest offshore drilling company by fleet size.   The merger completion follows the satisfaction of the transaction’s closing conditions including…

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Insurance Jottings

EU Gives Britain 6-Month Brexit Extension, Despite French Resistance European Union leaders gave Britain six more months to leave the bloc, more than Prime Minister Theresa May says she needs but less than many in the bloc wanted, thanks to fierce resistance from France.  …

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Epsilon well starts up offshore Greece

Energean Oil and Gas Plc has brought the extended reach well EA-H3 into production at the Epsilon field offshore Greece.   It is producing at a stable dry oil rate of more than 1,000 b/d on a restricted choke.   The Energean Force drilled the…

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Exxon Eyes Floating LNG Partnership in Israel

Exxon Mobil is in discussions to build a platform which would expand the export reach of Israel’s biggest natural gas field, according to people familiar with the matter. Israeli gas stocks rose.   The world’s largest publicly-traded oil and gas company is in talks with…

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Genel Energy puts new Taq Taq well on production

Genel Energy has announced an update on activity at the Taq Taq field (Genel 44% working interest), as testing of the TT-20z well has now been completed. The well has entered production at an initial rate of 2,000 bopd with a 24/64” choke, and this…

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Cadogan plans test of well in Ukraine

Cadogan Petroleum Plc, London, plans to test its Blazh-10 well in western Ukraine after open-hole logs indicated oil in the target Paleocene Yamna formation.   The well penetrated a 207-metre Yamna section at a depth 50 metres higher than prognosis.   Further log interpretation and…

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