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Petrofac sells remaining 51% of Mexican operations

Petrofac sells remaining 51% of Mexican operations

Petrofac has signed an agreement to sell its remaining 51% interest in its operations in Mexico. Petrofac’s Engineering & Production Services business has been awarded a three-year Operations & Maintenance Support Services. Petrofac has been awarded a well plugging and abandonment contract with leading independent energy company. It ncluding Santuario, Magallanes and Arenque, to Perenco...

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BP focuses on deepwater, shale in historic shift south from Alaska

BP focuses on deepwater, shale in historic shift south from Alaska

BP has closed one chapter in its U.S. business, exiting Alaska decades. BP’s mergers and acquisitions (M&A) team is increasingly targeting new low carbon opportunities too. It’s developing a nationwide ultra-fast charging network is just the latest development for BP Chargemaster. The old BP discovered billions of barrels of oil on the country’s farthest frontier....

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Acteon acquires Proserv’s field technology services, survey businesses

Acteon acquires Proserv’s field technology services, survey businesses

Acteon is adding subsea cutting expertise to its Claxton brand. Acteon has announced the start-up of Clarus Subsea Integrity Inc. UTEC, a global surveying company in subsea services group Acteon has appointed Jon Beatty. Subsea services group Acteon has enhanced its capabilities in the provision of temporary. Acteon Group Ltd has acquired subsea corrosion specialist...

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Global Petroleum Show to address critical issues facing Canadian, global E&P industry

Global Petroleum Show to address critical issues facing Canadian, global E&P industry

The 51st installment of the Global Petroleum Show (GPS), North America’s largest onshore-oriented oil-and-gas event. Company says it has been sufficiently encouraged in the prospectivity within the Juan de Nova Est permit. Global Petroleum has opened a data room for prospective partners interested in farming into the company’s Namibian acreage. Global Petroleum’s transformation into an...

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ExxonMobil’s Gulf of Mexico sale draws interest from Repsol, Ineos

ExxonMobil’s Gulf of Mexico sale draws interest from Repsol, Ineos

ExxonMobil Corp. has drawn interest from Repsol SA. The study evaluates planned development activities over the next 40 years. Thirty one institutions of higher learning in New Jersey receive funds. It specialty thermoplastics help reduce vehicle. It ten-year agreement with National Renewable Energy Laboratory. The funding will be provided to the Red Cross to assist...

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Falcon Oil & Gas has negotiated a two-year extension of ORRI call option

Falcon Oil & Gas has negotiated a two-year extension of ORRI call option

Falcon Oil & Gas Australia Ltd. has successfully negotiated a two-year extension of the call option. Falcon Oil & Gas said last week that it had amended its farm out agreement with Origin Energy. Falcon Oil & Gas has noted that Origin Energy has acquired Sasol Petroleum Australia’s 35% interest. It completed of the extended...

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BP, partners sanction $6 billion Azeri Central East development offshore Azerbaijan

BP, partners sanction $6 billion Azeri Central East development offshore Azerbaijan

BP and partners have sanctioned the Azeri Central East (ACE) project. BP is one of the world’s leading producers and traders of liquefied natural gas (LNG). BP set ambitious targets to deliver on the commitment. Joint effort focuses on developing technologies and management practices. Fund will support projects in BP’s Upstream business. BP p.l.c. announces...

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Africa Oil acquires $5 million in shares of Eco (Atlantic) Oil and Gas

Africa Oil acquires $5 million in shares of Eco (Atlantic) Oil and Gas

Africa Oil Corp. has announced that it had acquired 4,752,850 common shares of Eco (Atlantic) Oil and Gas Ltd. Africa Oil and its partners in Kenya will drill up to eight exploration. Africa Oil Corp. It announced that estimated gross 2C unrisked resources in Kenya’s South Lokichar Basin have increased by 150 million barrels. It...

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Saipem has been awarded offshore drilling contracts in Norway, Middle East

Saipem has been awarded offshore drilling contracts in Norway, Middle East

Saipem has been awarded new contracts in offshore drilling. A amount of €200,000 against the Chief Executive Officer of the Company. The Board of Directors of Saipem SpA, chaired by Mr. Francesco Caio and held on last week. The Judge for the preliminary hearing in Milan decided yesterday on the request filed by the Public...

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BP opens UK’s largest universal rapid charging hub for EVs

BP opens UK’s largest universal rapid charging hub for EVs

Petrofac workers on BP offshore platforms plan to walk out of all platforms. BP has reduced its oil and gas exploration activities. The UK’s largest universal rapid charging hub for electric vehicles has been inaugurated by Milton Keynes. It includes representatives from BP. Topaz Energy and Marine has signed contract extensions for 12 of its...

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