How a changing breed of investor in the UKCS has led to a re-modelling of legal services
Stuart Carter, head of oil and gas at Fieldfisher, looks at how law firms are responding to the market's changing needs.
Special reports
GlobalData: Petrobras continues to lead global deployment of planned and announced FPSOs
The company is expected to deploy 17 planned and announced floating production, storage and offloading vessels globally during the outlook period 2019–2025, according to GlobalData.
Costain appoints project director for Aberdeen upstream team
The company has appointed Steve Carter as a project director to join its 70-strong upstream team in Aberdeen.
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Union Jack Oil sells interest to Gatwick Gusher’s UKOG
The payment will be taken in shares and will give Union Jack more exposure to UKOG’s Weald Basin assets.
Europa Oil & Gas: sale of interest in PEDL143, Weald Basin
The sale is in line with Europa’s strategy to focus on its high impact portfolio of exploration licences in Atlantic Ireland, its existing producing assets onshore UK.
Penspen opens new office in Aberdeen following growing demand for services
Penspen, a provider of engineering, asset integrity and project management services to the energy industry, has opened a new office in Aberdeen following a growth in demand for its engineering and asset integrity services in the area.
Wood Mackenzie: Chevron buys Anadarko in US$50 billion cash-and-stock deal
Commenting, Roy Martin, senior analyst, corporate analysis, said: “This is the biggest upstream deal since Shell and BG in 2015. Chevron now joins the ranks of the UltraMajors – and the big three becomes the big four.”
ESAI Energy: Russian crude exports soar in April
Russian crude exports will reach a multiyear high of 5.7 million bpd in April, 400 000 bpd higher than average exports in the previous 5 months, according to a Market Alert released by ESAI Energy.
Chevron announces agreement to acquire Anadarko
The company will acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at US$33 billion, or $65 per share.
More Special reports news
How personality assessments improve workplace safety
Hogan Assessments has saved companies nearly €65 million in workplace injury costs by helping them recruit safety-minded staff.
Wood Mackenzie on BP exiting China shale gas
In the same week that Shell agreed to explore for shale oil in China, BP is reported to be exiting its two Sichuan basin shale gas blocks. Wood Mackenzie eastern Asia upstream research analyst, Xianhui Zhang, provides commentary.
Ensco and Rowan Companies merge to form EnscoRowan
The company will maintain its headquarters in London, England, with a significant presence in Houston, Texas.
Acteon adds significant geotechnical and geophysical survey capabilities with Benthic acquisition
Headquartered in Houston, USA, Benthic adds deepwater and ultra-deepwater surveying capabilities to Acteon through its portable remotely operated drill (PROD) technology.
Aker Solutions and FSubsea to create FASTSubsea
The companies have agreed to create FASTSubsea to help operators increase oil recovery in a fast-er, simpler and more environmentally friendly way.
Rystad Energy: Saudi bond sale bullish for oil price
Saudi Aramco’s plans to raise US$10 billion in bonds to finance the acquisition of Saudi petrochemicals group Sabic indicates a major shift in the Kingdom of Saudi Arabia, according to Rystad Energy’s Head of Analysis Per Magnus Nysveen.