Upstream news
MRDC and Twinza execute agreements over the Pasca A Project
Twinza Oil have announced that they have obtained all internal approvals and executed a series of binding agreements for MRDC to take an up to 50% participating interest in the Pasca A Development Project and for the companies to cooperate in the acquisition and development of other oil and gas assets in Papua New Guinea.
ConocoPhillips to acquire Marathon Oil Corporation in all-stock transaction
ConocoPhillips and Marathon Oil Corporation has announced that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of US$22.5 billion, inclusive of US$5.4 billion of net debt.
Aethon Energy to acquire Tellurian integrated upstream assets
Tellurian Inc. and Aethon Energy Management LLC (Aethon) has announced an agreement for Aethon to acquire Tellurian’s integrated upstream assets for US$260 million.
Honeywell And Weatherford partner to deliver a new emissions management solution for the oil and gas industry
Honeywell and Weatherford has announced a partnership to deliver a comprehensive emissions management solution for the energy industry.
tengizchevroil starts WPMP operations at tengiz oil field in Kazakhstan
Chevron has announced today that its 50 % owned affiliate Tengizchevroil LLP (TCO) has safely commenced operations at its wellhead pressure management project (WPMP) at the Tengiz oil field in Kazakhstan.
bp begins oil production from major new platform offshore Azerbaijan
bp, as operator of the Azeri-Chirag-Gunashli (ACG) project, has announced the start-up of oil production from the new Azeri Central East (ACE) platform as part of the ACG field development in the Azerbaijan sector of the Caspian Sea.
Petrofac supporting National Oil Company of Equatorial Guinea
Petrofac, has been awarded a technical services contract by Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), the National Oil Company of Equatorial Guinea, to support the operation of the region’s Block B asset.
88 Energy announce second light oil discovery
88 Energy has announced further successful flow test results from the Company’s Hickory-1 discovery well, located in Project Phoenix on the North Slope of Alaska.
SLB awarded three completion contracts for Petrobras’ Buzios Field
SLB has been awarded three contracts by Petrobras (NYSE: PBR) for completion hardware and services for up to 35 subsea wells in the development of Petrobras’ offshore Buzios Wave II oilfield.
Seatrium and Shell to collaborate on floating production systems
The companies have signed an MoU to explore and strengthen collaboration opportunities in floating production systems through leveraging both parties’ deep engineering capabilities and technologies.