Oil & gas news

Suretank, a leading provider of engineered solutions to the offshore oil and gas industry, today announced the acquisition of Prior Diesel.

CORRE has announced that the company has secured commitments for a private placement financing of units.

French oil major Total has announced the start-up of oil production from the Eldfisk II project in the Norwegian North Sea.

Patterson-UTI Energy, Inc. had an average of 208 drilling rigs operating in the United States and eight in Canada for December.

Afren plc announced that it has successfully secured, from its former CEO and former COO, a cash payment of US$17.1 million.

McDermott International, Inc. announced today that it has been awarded a contract to install the offshore jacket, deck and piles for PEMEX.

AWE Limited has been advised that the Government of Indonesia has approved the Plan of Development for the Lengo gas field.

Rockhopper Exploration plc has announced that it has been awarded a 40% interest in offshore Block 9 in Croatia in partnership with Eni.

AVEVA has acquired 8over8 with the aim of reducing project costs and schedule overruns.

According to IHS, despite crude oil price decline, global upstream M&A transaction value rose in 2014.