Upstream news

The company will acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at US$33 billion, or $65 per share.

A total of 1000 km of the Nord Stream 2 gas pipeline has now been laid in Finnish, Swedish and German waters.

Among the new wins is the Submarine Rescue Service contract for The Royal Australian Navy.

Hogan Assessments has saved companies nearly €65 million in workplace injury costs by helping them recruit safety-minded staff.

Alba has also been advised by the Operator that preparations for the planned drilling start of HH-1z and HH-2 in the second quarter of 2019 are nearing finalisation.

In the same week that Shell agreed to explore for shale oil in China, BP is reported to be exiting its two Sichuan basin shale gas blocks. Wood Mackenzie eastern Asia upstream research analyst, Xianhui Zhang, provides commentary.

The company will maintain its headquarters in London, England, with a significant presence in Houston, Texas.

The independent global completions service company has more than doubled its work in the UK offshore sector over the past twelve months.

The company has announced that it has signed an agreement to acquire 22.45% interest in the Caesar Tonga oilfield from Shell Offshore Inc.

The contract covers four separate surveys; three in the North Sea and one off the coast of Western Australia.