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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

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

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: 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

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

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

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

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

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

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

Report: Nigeria has the highest number of planned projects in Sub-Saharan Africa

A total of 43 oil and natural gas projects are planned for the Sub-Saharan Africa area and expected to start production by 2025, with Nigeria leading with 11 and Angola having eight, according to...

Report: Nigeria has the highest number of planned projects in Sub-Saharan Africa

M&As this week: Sembcorp Marine, TorcSill Foundations

Sembcorp Marine Ltd has completed the acquisition of a 50% interest in KANFA Aragon AS, from Sevan Marine ASA....

M&As this week: Sembcorp Marine, TorcSill Foundations

Deals this week: Harel, McDermott

Harel Insurance Investments and Financial Services Ltd plans to acquire up to 4% interest in Tamar gasfield from Noble Energy, Inc....

Deals this week: Harel, McDermott

Report: Delays in delivery of Stella’s floating production facility prove costly for Petrofac

The starting of production from the UK's Stella field has been delayed by necessary modifications and delivery of the floating production vessel by Petrofac, according to a report by GlobalData....

Report: Delays in delivery of Stella’s floating production facility prove costly for Petrofac

Statoil completes acquisition of JX Nippon's 45% stake in Utgard field

Statoil has completed the acquisition of JX Nippon's 45% equity share and operatorship of the UK licence P312 Block 16/18a for the Utgard gas and condensate field in the North Sea....

Statoil completes acquisition of JX Nippon's 45% stake in Utgard field
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