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NEWS |
Cenovus Energy to sell Tucker oil sands project for $625m
Cenovus Energy has agreed to divest its 100% owned Tucker oil sands project in Canada to an undisclosed buyer for C$800m ($625m) in cash.
NEWS |
Continuing the Wisting operatorship
On the initiative from Lundin Energy, Equinor and Lundin Energy have entered into an agreement where Equinor continues as operator in the operations phase for the Barents Sea Wisting field.
NEWS |
Maersk Drilling and Aker BP agree to renew frame agreement with five-year commitment for two jack-up rigs
Today, The Drilling Company of 1972 A/S (“Maersk Drilling”) and Aker BP ASA (“Aker BP”) have entered into a Heads of Agreement to renew and extend the frame agreement that establishes Maersk Drilling (...)
NEWS |
Chevron signs farm-out deal with Shell for block offshore Suriname
Oil majors Chevron and Shell have worked out a farm-out agreement for Block 5, located offshore Suriname.
NEWS |
Maersk agrees $3.6 bln deal to buy LF Logistics
Container shipping giant Maersk on Wednesday agreed to buy Hong Kong-based LF Logistics for $3.6 billion in an all-cash deal, as it seeks to expand beyond its core ocean freight business.
NEWS |
Why framework agreements are fabulous
Earlier this year, the International Monetary Fund (IMF) commented on the improved growth of the Middle East oil and gas market, focusing on oil price recovery, and OPEC+ agreeing to extending oil pro (...)
NEWS |
Equinor sells its non-operated position in the Corrib gas project in Ireland
Equinor has entered into an agreement with Vermilion Energy Inc for the sale of the company’s non-operated equity position in the Corrib gas project in Ireland.
NEWS |
Supply chain alliance supports Buzzard Phase II achieve first oil
Subsea 7 has been working collaboratively with AGR Well Management, Baker Hughes, COSL Drilling Europe AS and Worley, as part of a supply chain alliance, to deliver CNOOC Petroleum Europe Limited’s (C (...)
NEWS |
Equinor invests in battery storage company
Equinor has signed an agreement with Noriker Power Limited, a leading battery storage developer in the United Kingdom focusing on the engineering and project development of utility scale storage and s (...)
NEWS |
Worley and RelyOn Nutec collaborate to offer enhanced training solutions for the renewables sector
Worley, leading global provider of professional project and asset services in the energy, chemicals, and resources sectors, has entered into an agreement with safety training specialists RelyOn Nutec.
NEWS |
Equinor increases its ownership in the Statfjord field
Equinor has entered into an agreement to acquire all of Spirit Energy’s production licenses in the Statfjord area which spreads across the Norwegian and UK Continental Shelves and are developed by thr (...)
NEWS |
ConocoPhillips to exit Indonesia with $1.36bn asset sale
ConocoPhillips has signed an agreement to divest its interests in Indonesia to the local oil and gas company MedcoEnergi for $1.355bn, a move that will mark its exit from the country.
NEWS |
Stena Drilling Agrees On Option To Buy Drillship From Samsung
Offshore drilling contractor Stena Drilling has entered into a purchase option agreement with South Korea’s Samsung Heavy Industries for the acquisition of a newbuild drillship.
NEWS |
Rubycom Ltd seal framework agreement with Highlands and Islands Enterprise
“Aberdeen based financial services company, Rubycom Ltd, are pleased to announce they have been awarded a framework contract with Highlands and Islands Enterprise (“HIE”), to provide finance consultin (...)
NEWS |
TechnipFMC seals framework deals with Petrobras
UK-headquartered subsea giant TechnipFMC has been awarded three frame agreements by Petrobras worth between $500m and $1bn for flexible pipes in Brazil.
NEWS |
SEM Energy signs UK-wide exclusivity deal with Scirocco Energy
Leading developer and operator of sustainability technology solutions, SEM Energy, has signed an exclusivity agreement with Scirocco Energy, for its H2OPE system – a digestate management and nutrient (...)
NEWS |
Namaka Subsea expands operations at Moorfield’s Aberdeen Energy Park
Namaka Subsea has upsized operations at Aberdeen Energy & Innovation Parks in Bridge of Don, with the subsea consultancy company moving from Unit 16 to Units 6 and 7 at the Innovation Centre, having a (...)
NEWS |
Neptune Energy divests portfolio of non-core assets in Norway
Neptune Energy today announced that it has signed Sale and Purchase agreements with OKEA ASA and M Vest Energy AS whereby Neptune will divest its non-operated working interests in three producing fiel (...)
NEWS |
Data-driven approach to emissions reduction
The Paris Agreement framework states that the world should pursue efforts to limit global temperature increase to 1.5°C compared to preindustrial levels.
NEWS |
Empowering technology: it’s a team effort
F1 followers may have scrutinised the disagreement between World Champion Lewis Hamilton and his Mercedes support team following the recent Turkish Grand Prix.
NEWS |
Northern Oil & Gas to Acquire Veritas Energy Affiliates' Non-Operated Permian Assets
Northern Oil & Gas Inc. agreed to acquire all the non-operated oil and gas assets that are owned by Veritas Energy LLC affiliates in the Delaware and Midland Basins for $406.5 million in cash.
NEWS |
Partnership formed to build Scotland’s low carbon workforce
OPITO, the global safety and skills body for the energy industry, has announced the agreement of a memorandum of understanding (“MoU”) with the Acorn Project and Scottish Cluster, to develop a bluepri (...)
NEWS |
Training and competency experts sign partnership agreement to offer enhanced safety solutions
Aberdeen-based training and competency consultancy, Ann McRobb Associates, has signed a partnership agreement with Array Training Ltd, a leading NDT training, examination and consultancy firm.
NEWS |
ADIPEC 2021 in-person event moves COP26 agreements and conversations to practicalities
ADIPEC 2021, the global energy industry’s largest, most important and influential event, concluded today following top-level discussions and underscoring the sectors’ readiness to embrace the challeng (...)
NEWS |
Deltic Energy completes farm out of Southern North Sea gas licences to Cairn Energy
Deltic Energy has announced completion of the farm-out agreement of five of its gas licences in the Southern North Sea with Cairn Energy through Cairn's wholly-owned subsidiary, Nautical Petroleum Lim (...)
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