Total and the Ministry of Oil and Gas of the Sultanate of Oman (MOG) have signed a Heads of Agreement (HoA) for the award to Total of an exploration licence on Block 12 with significant prospective gas resources. Under the terms of this HoA,…
Chevron Corporation has agreed to buy Anadarko Petroleum Corporation in a cash and stock deal which values Anadarko at US$50 billion and creates growth opportunities for Chevron in areas which play to its operational strengths. “The combination of Anadarko’s premier, high-quality assets with our…
It is awaiting an investment decision from a “major international oil company” and in the coming months CNOOC’s planned Iolar well could significantly de-risk prospects in Ireland’s Atlantic exploration frontier Europa Oil & Gas Holdings Plc is looking forward to a potential third-party exploration…
Global oil markets are tightening as OPEC supply falls, the International Energy Agency said, while warning it could lower demand forecasts because of economic threats. Crude inventories are set to decline for the rest of the year as Saudi Arabia and its partners curb…
Shell Offshore Inc has signed an agreement to sell its 22.45 percent non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek CT Investment LLC. The total consideration for the deal, which is likely to close by the end of…
Oceaneering International Inc has launched a global engineering consultancy, aimed at delivering specialist technical engineering solutions which complement its existing asset integrity business. The new consultancy’s focus will be to solve complex and niche integrity issues for customers through a range of engineering services….
Offshore drilling companies Ensco and Rowan have completed the previously announced merger deal, creating a new company named EnscoRowan. Ensco Rowan is now the world’s largest offshore drilling company by fleet size. The merger completion follows the satisfaction of the transaction’s closing conditions including…
The new report, now available on ASDReports, The Top 20 Nuclear Waste Management Companies 2019: Profiles of Leading Companies Operating within the Nuclear Waste Management market, Including Financial and Market Share Analysis (%, US$ million) Plus SWOT Analysis for Each Company assesses the prospects for…
EU Gives Britain 6-Month Brexit Extension, Despite French Resistance European Union leaders gave Britain six more months to leave the bloc, more than Prime Minister Theresa May says she needs but less than many in the bloc wanted, thanks to fierce resistance from France. …
Oil and gas company Lundin has received consent from the Norwegian Petroleum Safety Authority (PSA) for exploration drilling in the North Sea offshore Norway, using the Leiv Eiriksson drilling rig. The safety agency said on the 11th April it had given its consent to…
