Scarborough gas field is located approximately 270km north-west of Onslow in the Carnarvon...
Oil prices surge as OPEC struggles to reach deal on production
Oil prices have increased more than 1% as OPEC is struggling to reach an agreement over production policy at its biannual meeting in Vienna, Austria.
Shell completes sale of interest in Bongkot field for $750m
Shell’s affiliates Shell Integrated Gas Thailand and Thai Energy Company have closed the sale of their 22.2222% interest in the Bongkot field and adjoining acreage offshore Thailand in a deal valued at $750m.
Deals and M&As this week: Royal Dutch Shell, Solstad Farstad, HALO
Royal Dutch Shell, through its subsidiary Norske Shell, has entered an agreement with OKEA to divest its 44.56% interest in the Draugen oil field and 12% interest in the Gjoa field for Nkr45bn ($556m).
Eni completes sale of 10% stake in Shorouk concession offshore Egypt
Eni has completed the sale of 10% of its stake in the Shorouk concession offshore Egypt to Mubadala Petroleum, a subsidiary of Mubadala Investment Company.
Emerson Introduces New Fatigue Failure-Reducing Thermowell Solutions
UK-based offshore engineering specialist Emerson is pleased to announce the launch of its new Rosemount™ Twisted Square™ range of Thermowell systems, which have been specially designed to significantly reduce dynamic stress and offer increased precision during temperature measurements.
Akastor to sell 50% stake in Akofs Offshore for $142.5m
Norwegian company Akastor has signed a share purchase agreement to transfer a 50% stake in Akofs Offshore to Mitsui & Co and Mitsui OSK Lines (MOL) for around $142.5m.
Skogul Oilfield, North Sea
The Skogul oilfield (formerly Storklakken) is located in the central part of the Norwegian North Sea within production licence (PL) 460, approximately 30km north-east of the Alvheim field.
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