Oil & gas news

The company has signed an agreement to acquire Suncor Energy UK Limited for a total consideration of US$850 million.

The well was drilled about 13 km northeast of the Goliat field in the southern part of the Barents Sea and 90 km northwest of Hammerfest.

The subsidiary of Shell plc has completed the previously announced sale of its 100% interest in Shell Onshore Ventures LLC.

Since 2003, OHH has given US$5.9 million to more than 1000 industry workers and their families.

The new venture provides critical emissions management software-as-a-service (SaaS) solutions to track greenhouse gas emissions in the oil and gas industry and beyond.

The company is expanding its service roster in the North Sea as it looks to replicate its drilling services success in the Middle East and Asia.

The company has been participating in the underlying technology development related to the development of shallow methane hydrate harvesting technology conducted by the National Institute of Advanced Industrial Science and Technology.

The company was awarded US$50 000 at the Daniel Energy Partners BBQ Cook-Off in September after being named Grand Champion of the event. The prize money was to be contributed to a charity of the winner’s choice.

The latest analysis from McKinsey and Company (McKinsey) reveals that a fresh wave of M&A is expected in the North American upstream market, fuelled by high operating free cash flows.

The company has launched the Field Service Group (FSG), following contract wins worth in excess of €30 million after supplying more than 70 jumpers under its Jumper on Demand model.