Upstream news

The company has announced that it has signed a share purchase agreement to acquire 100% of Marathon Oil U.K. LLC and 100% of Marathon Oil West of Shetland Limited from subsidiaries of Marathon Oil Corporation.

The Colter well (98/11a-6) has been drilled as a vertical well with the Ensco-72 jack-up rig and has reached a total depth of 1870 m MD in the Sherwood Sandstone.

The projects confirm Shearwater’s Isometrix crews will be active in 2019, on 4D projects in the North Sea and Barents Sea.

The SNE deep-water oilfield is expected to be Senegal's first offshore oil development.

An oil and gas sector logistics expert has advised the industry’s EU traders to watch events in Parliament closely on Wednesday (27 February), as these could lead to the government effectively losing control of the Brexit process.

Global drilling and engineering contractor KCA Deutag has announced that its Offshore business unit has been awarded a new drilling contract by Enquest Heather Limited for the Magnus, Thistle and Heather platforms.

Production rates from the pad at its East Denver project have achieved an Initial Production (‘IP’) rate of 4 600 boe/d during the flow-back period.

The Abu Dhabi National Oil Company (ADNOC) announced that it has entered into a landmark multi-billion-dollar midstream pipeline infrastructure partnership with KKR and BlackRock, two of the world’s leading institutional investors.

The Colter well (98/11a-6) has been drilled as a vertical well with the Ensco-72 jack-up rig and has reached a total depth of 1870 m MD in the Sherwood Sandstone.

Both companies' shareholders voted to approve the pending all-stock transaction under which Rowan shareholders will receive 2.750 Ensco shares for each Rowan share they own.