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Optime Subsea Services to merge with Telemark Technologies

Subsea technology company Optime Subsea Services has announced its plans to merge with engineering firm Telemark Technologies to speed-up cost-saving subsea installation solutions for the...

Optime Subsea Services to merge with Telemark Technologies

Aker Solutions and MAN Diesel & Turbo to cut size of subsea compression technology

Aker Solutions and MAN Diesel & Turbo are aiming to reduce the size and weight of subsea compression systems by at least 50%, just after one year the system went operational at the Statoil’s...

Aker Solutions and MAN Diesel & Turbo to cut size of subsea compression technology

Deals this week: Pemex, Aker BP

Petroleos Mexicanos (Pemex) has raised $2bn through the issue of 4.625% bonds in a public offering....

Deals this week: Pemex, Aker BP

Report: Global oil and gas contract activity concentrated in the EMEA region in August

A monthly review of worldwide oil and gas contract activity in August has revealed that majority of the contracts were focused in the EMEA region, according to a report by...

Report: Global oil and gas contract activity concentrated in the EMEA region in August

Deals this week: Okea, Farstad Shipping, Karoon

Okea AS plans to acquire a minority stake in Ivar Aasen oil field from OMV Aktiengesellschaft, according to sources reported by...

Deals this week: Okea, Farstad Shipping, Karoon

Oil prices increase as data shows drop in US crude stocks

Oil prices have increased due to industry data indicating a fall in US crude stocks....

Oil prices increase as data shows drop in US crude stocks

Fire breaks out at Azerbaijani offshore platform

A fire caused by a gas leak has broken out at the offshore Gunashli-19 platform of Azerbaijan's state oil company SOCAR....

Fire breaks out at Azerbaijani offshore platform

Noble Energy reaches Leviathan gas sales deal with Jordan's NEPCO

Noble Energy has signed a gas sales and purchase agreement (GSPA) to supply natural gas from the Leviathan field to Jordan's National Electric Power Company (NEPCO) for use in power...

Noble Energy reaches Leviathan gas sales deal with Jordan's NEPCO

Petrofac completes well decommissioning works for Tullow Oil

Petrofac has successfully completed its well decommissioning contract for Tullow Oil in the UK Continental Shelf....

Petrofac completes well decommissioning works for Tullow Oil

Foxtrot completes $850m project in Block CI-27 offshore Côte d'Ivoire

Foxtrot International has completed a four-year, $850m field development programme in Block CI-27 in the Ivory Coast's offshore area, West Africa....

Foxtrot completes $850m project in Block CI-27 offshore Côte d'Ivoire

Report: Low crude oil prices to continue to impact capex spending on planned projects

Capex spending on planned oil and gas projects is expected to fall further due to low crude prices, with estimated decreases from $299.2bn in 2016 to $167.61bn by 2020, according to a...

Report: Low crude oil prices to continue to impact capex spending on planned projects

Deals this week: Royal Dutch Shell, Sinopec, AKOFS Offshore

Shell plans to sell its royalty interests in 17 leases in Ewing Bank, Garden Banks, Green Canyon, Main Pass Area, Mississippi Canyon, and Walker Ridge areas in the US Gulf of Mexico....

Deals this week: Royal Dutch Shell, Sinopec, AKOFS Offshore

Report: Barataria project in Gulf of Mexico scheduled to be online by Q4 2016

Gulf of Mexico deepwater project Barataria is planned to come online by the fourth quarter of 2016, according to a report by GlobalData....

Report: Barataria project in Gulf of Mexico scheduled to be online by Q4 2016

Deals this week: ExxonMobil, Anadarko Petroleum, Petoro AS

Exxon Mobil Corporation (ExxonMobil) is to acquire a 40% stake in PPL 374 and PPL 375 licences in the Gulf of Papua, Papua New Guinea, from Gini Energy Limited for an undisclosed amount....

Deals this week: ExxonMobil, Anadarko Petroleum, Petoro AS

Report: Global oil and gas production to increase by 3.7% by 2020

Global upstream oil and gas production is expected to reach 57,660 million metric barrels of oil equivalent (Mmboe) by 2020, growing at an average rate of 3.7%, according to a report by GlobalData....

Report: Global oil and gas production to increase by 3.7% by 2020

Deals this week: Superior Drilling Products, Statoil, Woodside Petroleum

Superior Drilling Products Inc has announced a public offering for the issue of five million shares....

Deals this week: Superior Drilling Products, Statoil, Woodside Petroleum

Report: United Kingdom's Western Isles Development to come online in 2017

Delays caused by FPSO regulatory compliance and construction issues have pushed the start of production from the UK's Western Isles Development back to Q3 2017, reveals a GlobalData report....

Report: United Kingdom's Western Isles Development to come online in 2017

Deals this week: EnVen Energy, Seabird Exploration, Solstad Offshore

EnVen Energy Ventures LLC has agreed to spend $425m to buy a 100% stake in Brutus/Glider assets in Green Canyon in the US Gulf of Mexico from Shell Offshore Inc....

Deals this week: EnVen Energy, Seabird Exploration, Solstad Offshore

Shell secures consent to use facilities at Knarr and Gaupe after gaining operatorship

Shell has gained operatorship of Knarr and Gaupe fields in the UK North Sea from BG Norge AS....

Shell secures consent to use facilities at Knarr and Gaupe after gaining operatorship

Report: Mexico's Pemex offers deepwater Trion field as first farm-out site

The Trion field has been approved as the first subcontracted site to be offered by Pemex and the Comision Nacional de Hidrocarburos for the Gulf of Mexico's current bidding round, according to...

Report: Mexico's Pemex offers deepwater Trion field as first farm-out site

Oil prices drop further as Saudi slashes production freeze hopes

Oil prices have fallen further and likely to see the largest weekly drop in a month after Saudi Arabia dashed expectations of oil producing countries agreeing to a freeze in production. ...

Oil prices drop further as Saudi slashes production freeze hopes