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Deals this week: Statoil (UK), Europa Oil & Gas, Sparrows Offshore

Statoil (UK) Limited has agreed to pay $27m to Trap Oil Limited for a 70% stake in P.2170 licence in the UK Central North Sea....

Deals this week: Statoil (UK), Europa Oil & Gas, Sparrows Offshore

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

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

Oil prices drop due to oversupply

Oil prices have dropped due to excess supply, and no sign of a freeze in...

Oil prices drop due to oversupply

Fram C East well offshore Norway commences production to Troll C platform

Statoil has announced that the production from the subsea Fram C East well, offshore Norway, has commenced to the Troll C...

Fram C East well offshore Norway commences production to Troll C platform

TSC signs agreement with Offshore CC FZE to form JV company

TSC Group Holdings (TSC) has signed an agreement with Offshore CC FZE to form a joint venture...

TSC signs agreement with Offshore CC FZE to form JV company

Report: Six more bid rounds to close in Q3 2016 after Cyprus closes its third round

The third offshore licensing round of Cyprus for blocks 6, 8 and 10 was completed on 22 July with the country receiving a total of six bids, according to a GlobalData report....

Report: Six more bid rounds to close in Q3 2016 after Cyprus closes its third round

Deals this week: Energean Oil & Gas, Siccar Point Energy

Energean Oil & Gas SA has agreed to acquire a 100% stake in Tanin and Karish gasfields through its wholly owned subsidiary Ocean Energean Oil and Gas Ltd from Delek Drilling Limited Partnership...

Deals this week: Energean Oil & Gas, Siccar Point Energy

Report: Global FPSO deployment to be hit by spending cuts in upstream sector

The persistent fall in crude oil prices is set to affect investments in offshore projects resulting in delays in the start of planned floating production, storage and offloading units (FPSOs),...

Report: Global FPSO deployment to be hit by spending cuts in upstream sector

Deals this week: Suncor Energy, Faroe Petroleum, Mitra Energy

Suncor Energy UK Limited has agreed to acquire a 30% interest in Rosebank offshore oil and gas project located in the UK North Sea, from OMV (U.K.)...

Deals this week: Suncor Energy, Faroe Petroleum, Mitra Energy

Deals this week: Ithaca Energy, Canacol Energy, Cobalt Angola

Ithaca Energy Inc. has agreed to acquire a 100% stake and operatorship of License P1588 (Block 30/1f) in Greater Stella area, UK central North Sea, from ENGIE E&P UK Limited, Ineos UK Sns...

Deals this week: Ithaca Energy, Canacol Energy, Cobalt Angola

M&As this week: Coastal Contracts, Canadian Energy, US Silica

Coastal Contracts Berhad has signed a memorandum of understanding (MoU) with PT Jaya Samudra Karunia (JSK) and Yudha Kurniawan Tanos to buy 49% interest in PT Jaya Samudra Karunia Gas (JSK...

M&As this week: Coastal Contracts, Canadian Energy, US Silica

Report: Brazil to lead global offshore oil and gas industry with highest capital expenditure

The global offshore oil and gas industry will be headed by Brazil, with the highest capital expenditure (capex) spending of $116.2bn from 2016 to 2025, according to a report by GlobalData....

Report: Brazil to lead global offshore oil and gas industry with highest capital expenditure

Report: Tamar field to lower Israel’s dependence on natural gas imports

Israel's Tamar and Tamar Southwest discoveries are significant finds, with combined estimated proven and probable natural gas reserves of 10.97 trillion cubic feet (tcf) and 14 million barrels...

Report: Tamar field to lower Israel’s dependence on natural gas imports

M&As this week: MeeMaken, Skeye, Palfinger

Netherlands-based investment holding company, MeeMaken, has acquired Kenz Figee Group in order to expand its investment...

M&As this week: MeeMaken, Skeye, Palfinger

Report: Cyprus seeks new exploration investment through third offshore licensing round

Cyprus is offering blocks 6, 8 and 10 in its third offshore licensing round, which it hopes to attract more investments even as exploration budgets have been greatly slashed, according to a...

Report: Cyprus seeks new exploration investment through third offshore licensing round

Oil prices drop 1% over fears of another glut

Oil prices have fallen 1% after increasing stockpiles of crude and refined fuel led to fears of another glut....

Oil prices drop 1% over fears of another glut

Deals this week: Siem Offshore, Sirius Petroleum, Hercules International Drilling

Siem Offshore Inc has sold its Siem Carrier platform supply vessel (PSV) to an undisclosed...

Deals this week: Siem Offshore, Sirius Petroleum, Hercules International Drilling

Report: Oliva field development to share FPSO cost with Atlanta project

The development of the Oliva offshore field is planned to be developed as a tie-back to the Atlanta FPSO in the Santos Basin, offshore Brazil, benefiting the Atlanta project, according to a...

Report: Oliva field development to share FPSO cost with Atlanta project

M&As this week: Woodside Petroleum, United Arab Shipping Company

Woodside Petroleum Limited has signed a binding purchase and sale agreement with ConocoPhillips to acquire ConocoPhillips Senegal BV....

M&As this week: Woodside Petroleum, United Arab Shipping Company

Deals this week: Harel, Rouge Rock, Petrobras

Harel Insurance Investments and Financial Services and Israel Infrastructure Fund (IIF) have signed an agreement to acquire a 3% interest in Tamar gas field, from Noble...

Deals this week: Harel, Rouge Rock, Petrobras