Baytex Energy Corporation has agreed to buy rival western Canadian oil producer Raging River Exploration Inc, in a deal valued at C$1.6 billion (US$1.2 billion) which includes about 260,000 acres in the emerging East Duvernay Shale basin. Under the pact, holders of common shares…
Hague and London Oil (HALO), the oil and gas company with a diverse portfolio of production, development, appraisal and exploration assets primarily focused in the Southern North Sea, has announced an operational update and the posting of its annual report for the year ended 31…
An affiliate of privately held Cox Oil LLC, Dallas, has agreed to acquire Energy XXI Gulf Coast Inc (EGC), Houston, in a deal worth US$322 million. The deal expands Cox’s presence in the Gulf of Mexico. Cox holds assets in both the Outer…
Fluence Corporation Limited has announced that it has received a €3.9 million contract for a wastewater treatment and waste-to-energy system for its customer ArcelorMittal. Fluence will design and build these systems for ArcelorMittal’s steel mill in Ghent, Belgium, using innovative anaerobic digestion technology to…
Trac Oil & Gas and ToolTec have completed the first four phases of a project to develop a subsea cleaning and inspection tool (Trac-Tec Tool), co-funded by the Oil & Gas Technology Centre and three major North Sea operators. The goal is to develop…
Equinor Energy has commissioned Kongsberg Maritime to provide safety and automation systems (SAS) for the Johan Sverdrup Phase 2 development in the Norwegian North Sea. In 2014, Equinor (then Statoil) awarded the same contractor a project specific agreement that included front-end engineering design for…
Norway’s energy minister will meet with companies on the 20th June to discuss the potential construction of offshore floating wind farms. The meeting is the first concrete step to spur development of offshore floating power generation, after the government said last December it would…
Australia’s Woodside has announced that LNG production has started from the Train 2 at the Wheatstone project in Western Australia. The Chevron-operated Wheatstone LNG project is fed by gas from Wheatstone, Iago, Julimar and Brunello offshore gas fields in Australia. Woodside CEO Peter…
World’s largest oilfield services providers Schlumberger, Halliburton, and Baker Hughes have been awarded US$3,67 billion worth of contracts for integrated drilling and well services on most of the Equinor-operated fields on the Norwegian continental shelf. Initially awarded for four years, the contracts have a…
Getting “digital” can help oil and gas professionals become indispensable to their companies, according to Vicki Hyland, BP Plc’s global head of talent attraction for graduate and experienced hires. “The digital revolution has given birth to a need for a whole new skillset within…
