Oil & gas news

Wärtsilä Corporation has reached agreement with the Board of Hamworthy plc, a UK listed ship-based LNG regaisfication company focussed on the marine and oil and gas sectors, in regards to a recommended cash offer for the acquisition of Hamworthy.

BP announced today that it has agreed to sell its interests in the Pompano and Mica fields in the deepwater Gulf of Mexico to Stone Energy Offshore, LLC, a subsidiary of Stone Energy Corp.

BP confirmed today that it has been awarded two oil and gas production sharing contracts (PSCs) by the Government of Indonesia. The company has been awarded 100% interests in the offshore West Aru I and II PSCs in the Arafura Sea, Indonesia.

The American Petroleum Institute supports pro job legislation to expand American energy production.

The statistics on petroleum demand for October 2011.

Wärtsilä is in advanced discussions with Hamworthy regarding an 825 pence per ordinary share cash offer. Hamworthy are producers of ship based LNG regasification systems.

Kosmos Energy announced today that the Teak-3A appraisal well has confirmed a northern extension of the Teak discovery on the West Cape Three Points Block offshore Ghana.

FMC Technologies, Inc. has set a new deepwater completion record of 9627 ft (2934 m) with its enhanced vertical deepwater tree (EVDT) system.

Chevron Corp. has confirmed that cementing operations are now taking place as part of its well plugging activities on an appraisal well located in the vicinity of the Frade field offshore Brazil.

Aker Solutions in Aberdeen is to manufacture and deliver a number of subsea control modules and topside power units as part of an £8 million contract with Dana Petroleum plc.