Oil & gas news
Saudi Aramco IPO - winning the battle but losing the war
Douglas-Westwood consider the Saudi Aramco IPO and the state of the upstream industry.
TennStar Energy Inc. acquires a stake in 21 Well Lease in Caldwell County
TennStar Energy Inc. has announced it has acquired a stake in 21 Well Lease in Caldwell County.
ExxonMobil CEO wins Pitts Energy Leadership Award
The Maguire Energy Institute at SMU Cox School of Business has honoured Rex Tillerson, Chairman and CEO of Exxon Mobil Corp., with the L. Frank Pitts Energy Leadership Award.
Union Oil and Gas Group acquires 77% of Block 100 in Peru
A consortium of investors led by Union Oil and Gas Group, a subsidiary of Union Group has acquired 77% of Peruvian onshore oil and gas Block 100 in the Ucayali Basin.
Aker Solutions repositions MMO business in Norway
Aker Solutions steps to reposition its MMO business to enhance competitiveness will impact up to 900 employees across Norway.
SeaDrill announces DMSE Shipyard agreement
SeaDrill defers deepwater drillship agreement until 2Q 2018.
NPD production figures December 2015
Figures from the Norwegian Petroleum Directorate show output increased during December.
Gran Tierra announces strategic acquisition consolidating interests in the Putumayo-7 block
Gran Tierra Energy Inc. has announced that the company entered into an agreement with PetroGranada Ltd to acquire all of the issued and outstanding shares of PetroGranada Colombia Ltd.
WFS Technologies launches pipeline temperature monitoring system
The Seatooth PipeLogger TI is designed to deliver a step reduction in the cost of monitoring process temperature of subsea pipelines and jumpers.
Wärtsilä to provide maintenance and performance optimisation for Prosafe's new flotels
The 10-year agreement was signed in October 2015 and covers the diesel engines onboard Prosafe's new build flotel Safe Boreas.