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CGG exits marine seismic acquisition business, kicks off marine streamer JV

CGG exits marine seismic acquisition business, kicks off marine streamer JV

CGG announced that it has completed its exit from the marine seismic acquisition business. CGG anticipates Q4 2019 segment Group revenue at $393 million. CGG announced that it is completing its exit from the seabed data acquisition business. CGG has completed JumpStart multi-client geoscience packages for the North West Shelf (NWS) of Australia. It following...

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BP reshapes its UK North Sea portfolio with $625 million asset sale

BP reshapes its UK North Sea portfolio with $625 million asset sale

BP has agreed terms to sell its interests in the Andrew area in the central UK North Sea. New cross-industry consortium to make enhanced recycling of polyester plastics a commercial reality. BP announced that its recent three-well drilling campaign offshore Mauritania. Company has also non-operating interest in the Shearwater field. BP and Reliance Industries Limited...

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Talos Energy to spend $640 million acquiring Gulf of Mexico acreage and prospects

Talos Energy to spend $640 million acquiring Gulf of Mexico acreage and prospects

Talos Energy has entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gulf of Mexico producing assets. Company announced that the Company has entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gulf of Mexico producing assets. Company announced its financial and operational results for...

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Maersk Drilling tags Halliburton and Petrofac for its Seapulse exploration drilling program

Maersk Drilling tags Halliburton and Petrofac for its Seapulse exploration drilling program

Maersk Drilling has signed agreements with Halliburton and Petrofac to collaborate on an exploration program. The success stories from Maersk Resolute’s recent contract with Petrogas E&P Netherlands B.V. are many. On 2 October 2017, Maersk Discoverer moved the boundaries for drilling in shallow waters. CFO Marianne Sørensen will be joining Rambøll as their new Group...

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Speakers at IPAA’s annual meeting laud industry, see tough election ahead

Speakers at IPAA’s annual meeting laud industry, see tough election ahead

The Independent Petroleum Association of America (IPAA) kicked off the first day of its annual meeting on last Thursday. Interior Secretary Ryan Zinke will depart at the end of the year. Telegram and its parent company, Hearst, continue their tradition of honoring the area’s energy industry. Two Capitol Hill insiders sorting out the issues for...

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BP invests in carbon-offset monetization firm

BP invests in carbon-offset monetization firm

BP Ventures has invested $5 million in Finite Resources Inc, parent company of Finite Carbon, a US-based forest carbon management company. BP recently announced a new joint venture with US agri-commodities company Bunge. Innovative enhanced recycling technology capable of processing PET plastic waste which currently goes unrecycled. The investment will enable Finite Carbon to grow...

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LAGCOE keynote speaker issues rallying call, to earn social license to operate

LAGCOE keynote speaker issues rallying call, to earn social license to operate

Kimberly McHugh, vice president of drilling & completions at Chevron, kicked off LAGCOE 2019 Wednesday morning. Six months after the inaugural Energy Innovators Pitch Challenge. With that pitch, Josh Suttles and his company, Flange Cuff LLC, pulled ahead of nine other finalists for $25,000 in professional marketing. A federal agency that regulates offshore energy production...

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Dolphin Drilling lands semisub contract with Shell

Dolphin Drilling lands semisub contract with Shell

Global contractor Dolphin Drilling has secured further work for its Borgland Dolphin semi-submersible drilling rig. The oil rig has left a £50,000 cash donation. Olsen Energy ASA, has entered into a contract for the provision. The company has won a contract with AS Norske Shell in Norway to provide rig support. The majority lenders under...

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Neptune Energy taps Valaris jackup for Seagull development

Neptune Energy taps Valaris jackup for Seagull development

Neptune Energy and its joint venture partners BP and JAPEX announced Valaris has been awarded a contract. The merger of Neptune Energy Norge with VNG Norge creates a strong platform with a broad operating skillset. Eko Lumadyo joins the company as Managing Director of the Indonesian business. The Company earns four licences as operator and...

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BP’s Dudley drawing up plans to step down within 12 months, Sky News says

BP’s Dudley drawing up plans to step down within 12 months, Sky News says

BP CEO Bob Dudley took the helm after the 2010 Deepwater Horizon oil spill crisis. BP agrees to sell its entire business in Alaska to Hilcorp in a deal worth $5.6 billion. BP’s North Sea business has successfully executed a groundbreaking pilot project testing innovative ways. BP announced that it will deploy continuous measurement of...

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