A recruitment specialist for the oil and gas sector has warned the industry is facing a “skills shortage” amid a surge in demand. Prodrill Energy Resource Solutions (PERS) has seen recruitment demand increase by 46% between October last year and June. Managing director…
UK Continental Shelf focused oil and gas company Verus Petroleum has signed an agreement for the acquisition of Cieco Exploration & Production (UK) Limited, a wholly owned subsidiary of Itochu Corporation. The consideration is US$400 million, with an economic date of the 1st January…
Pemex and Talos Energy, as operator of the consortium for block 7 in the Gulf of Mexico, have signed a pre-unitisation agreement (PUA). This concerns certain tracts within the Amoca-Yaxche-03 allocation (assigned to Pemex as part of Round 0) and the contiguous block 7…
Offshore driller Transocean has scored a six-well contract with Equinor for the new-build, harsh environment semisubmersible Transocean Norge. Under the contract, the rig will spend around 300 days drill in the Norwegian Continental Shelf. The contract is expected to start in July 2019, following the shipyard delivery of…
Heerema Marine Contractors and AF Gruppen are expected to sign a deal to remove the Dunlin Alpha platform topside in the UK North Sea. Heerema said on the 18th September that Fairfield Betula Limited had sent a notice announcing its intent to enter into…
Norwegian E&P player Aker BP has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for exploration drilling in the North Sea using the Scarabeo 8 drilling rig. The well, named 24/9-13, is located in production licence 869 in the North…
Riverstone Holdings LLC is preparing to sell oilfield services equipment company Abaco Energy Technologies, which could fetch about US$900 million. The private equity firm is working with an adviser to run an auction for the Houston-based company. Abaco is drawing interest from other…
Pars Oil and Gas Co. has completed installation of the second platform for Phase 14 of the South Pars gas field in the Persian Gulf. According to news service Shana, the C14 platform was built at the Iran Marine Industrial Company (SADRA) yard in…
Development drilling is under way at Energean’s Epsilon oilfield development offshore western Greece. The initial plan was to drill three vertical production wells tied into a new unmanned jacket, Lamda, which is under construction in Constanza, Romania. A further three-to-five vertical production wells will…
CNOOC Limited has started production from the Penglai 19-3 oil field 1/3/8/9 comprehensive adjustment project located offshore China. Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project is located in south central Bohai Sea, 216 kilometres north-west from Tanggu and 80 kilometres south-east from Penglai city….
