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NEWS |
EnQuest buys North Sea oil field for just $2m upfront
EnQuest has signed a share purchase agreement (SPA) with Whalsay Energy Holdings to purchase its entire equity interest in the P1078 licence containing the proven Bentley heavy-oil discovery.
NEWS |
Welltec signs long-form contract with Aramco
Welltec, a global technology company, has signed a long-form contract (LFC) with Saudi Aramco, in an agreement which will see Welltec deliver completion products and services across the Saudi Aramco p (...)
NEWS |
Data dividend as Infinity Partnership joins forces with AutoEntry
Award-winning accountancy firm Infinity Partnership has agreed a formal affiliation with accounts automation software provider AutoEntry.
NEWS |
ICR CIU signs agreement with Milton Roy
ICR Integrity (ICR), a leading global provider of integrated maintenance and integrity solutions to the oil and gas, power, chemical and nuclear industries, has signed an Authorised Service Centre agr (...)
NEWS |
Chevron Invests in Offshore Wind Energy for First Time
Chevron Corp.’s venture capital arm and Moreld Ocean Wind agreed to invest in Ocergy Inc.’s development and commercialization of floating offshore wind turbines.
NEWS |
Cairn Energy offers to invest in India to settle tax battle
Cairn Energy has offered to settle its dispute with the Indian government over a $1.2 billion tax payment by investing in the country if the government agrees to comply with the decision of a tribunal (...)
NEWS |
Welltec awarded intervention deal with Petronas
Welltec has been awarded an exclusive three-year contract by Petronas. The agreement, which officially commenced on 1 April, appoints Welltec as the sole provider of downhole conveyance and powered me (...)
NEWS |
Saudi Aramco in $12.4 billion oil pipeline deal with EIG-led group
Aramco has signed a deal with a consortium led by EIG Global Energy Partners (EIG), one of the world’s leading energy infrastructure investors, to optimise its assets through a lease-and-lease-back ag (...)
NEWS |
Total, CNOOC reach final agreements on Uganda, Tanzania projects
French major Total said on Monday and its partners have concluded final agreements to launch the Lake Albert resources development project in Uganda and Tanzania.
NEWS |
Aramco to sell 49% stake in crude pipelines unit to EIG-led consortium for $12.4bn
Saudi Aramco has agreed to divest a stake of 49% in newly-formed entity Aramco Oil Pipelines for about $12.4bn to a consortium led by EIG Global Energy Partners.
NEWS |
Norway’s huge oil-backed wealth fund invests in an offshore wind farm
Norway’s sovereign wealth fund has agreed to pay around 1.375 billion euros ($1.63 billion) for a 50% stake in one of the world’s biggest offshore wind farms, Orsted’s 752 megawatt (MW) Borssele 1 & 2 (...)
NEWS |
Archer wins with ConocoPhillips
Norwegian offshore service provider Archer has secured a long-term frame agreement with ConocoPhillips for the provision of wireline services on the Norwegian continental shelf.
NEWS |
ABB and Siemens Energy awarded service agreements for electrical equipment at Equinor's offshore and onshore facilities
ABB AS and Siemens Energy AS have been awarded framework agreements for providing service of electrical equipment on all Equinor’s installations on the Norwegian continental shelf (NCS) and onshore pl (...)
NEWS |
OGV Energy's Middle East Energy Review
The surprise decision of the OPEC+ alliance in early March and a flurry of oil and gas contracts and strategic agreements signed by some of the biggest companies in the Middle East were the key develo (...)
NEWS |
OMV awards new contract
THREE60 Energy has been awarded a new framework agreement with OMV, the international oil, gas and chemicals company.
NEWS |
New Lamprell joint venture to promote digital solutions
Lamprell has signed a joint venture agreement with UAE-based Injazat to create and market digital products and services focusing predominantly on the renewables and oil and gas industries.
NEWS |
Noble Corp. and Pacific Drilling to merge
Noble Corp. and Pacific Drilling Company LLC have entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction.
NEWS |
INEOS to Sell Norwegian Oil and Gas Business for $615 Million
INEOS Energy said on March 25 it agreed to sell its Norwegian oil and gas business to Poland’s PGNiG Upstream Norway AS for $615 million.
NEWS |
Noble Corp to acquire Pacific Drilling in all-stock deal
Noble Corporation and Pacific Drilling Company have entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction.
NEWS |
Aker Solutions Partners Up for Sustainable Energy Projects in the UK
Aker Solutions and Doosan Babcock have agreed to jointly deliver projects for low-carbon solutions and renewable energy in the UK.
NEWS |
Chariot Oil and Gas rebrand as they diversify to Clean Energy
Chariot Oil & Gas Limited agreed to acquire a renewable and hybrid power developer in a deal worth up to US$2mln, paid mostly in shares.
NEWS |
Odfjell Drilling will do even more for Røkke
Aker BP has exercised its second 12-month option for Deepsea Nordkapp in line with an agreement entered into in April 2018, according to a stock exchange announcement.
NEWS |
INEOS Energy acquires Hess' Danish upstream subsidiary
INEOS E&P AS, which is a part of INEOS Energy, has entered into an agreement to acquire the subsidiary Hess Denmark ApS. for a total consideration of US$150 million, effective 1 January 2021.
NEWS |
CHC Group to acquire Babcock’s oil and gas business
CHC Group has entered into a conditional agreement for the acquisition of the oil and gas aviation business of Aberdeen-based Babcock International Group.
NEWS |
Awarding framework agreements for 4D towed streamer seismic acquisition offshore Norway
Equinor has awarded PGS and Shearwater GeoServices framework agreements for 4D towed streamer seismic acquisition on the Norwegian continental shelf (NCS).
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