North Sea independent exploration firm Ithaca Energy has agreed a deal to buy fellow London AIM-listed explorer Valiant Petroleum.Ithaca said the deal, which values Valiant at about $309million, would establish it as “a leading mid cap North…
Norway-based oilfield services firm Aker Solutions has bought Managed Pressure Operations International (MPO).MPO, registered in Cyprus with operations in Singapore, Dubai, Jakarta and Houston, has developed a next generation of continuous circulation…
Bremerhaven, 15 February 2013. Current measurements of the ESA ice thickness satellite CryoSat-2 have shown that the total mass of the Arctic sea ice was 36% smaller last autumn than during the same period in the years 2003 to 2008. Five years ago…
Technip picks up new 5-year PSVM Angola dealNew contract follows completion of Technip's previous 5-year pact for engineering services on the Greater Plutonio FPSO. (Image: BP)BP Angola awarded Technip a 5-year contract for engineering…
Apache shifts Cecil Provine rig to location Apache to move Rowan's Cecil Provine drilling rig to location for possible relief well (Image: Rowan)Apache evacuated 15 workers after experiencing a kick from an abnormally pressured gas zone…
IHC Merwede has named René Raaijmakers (pictured) as offshore sales director, succeeding Twan Voogt. Raaijmakers is charged with all commercial activities within the offshore division. Since April 2012, he served as product director for renewables and manager of IHC Offshore Systems…
Aker Solutions acquired Canadian firm AKCS Offshore Partner. The company said the buyout supports planned future growth in North America as well as expansion into the St John’s, Newfoundland & Labrador, and Atlantic Canada market. AKCS was formed by Aker Solutions…
Natural gas is still not a global fungible commodity, although the LNG trade steadily grows as projects and the global fleet expand. ExxonMobil thinks that worldwide natural gas use will grow more than any other fuel – by 65% over the next 30 years…
AKCS coup furthers Aker's Canadian expansionAker Solutions strengthens its commitment to the Canadian oil and gas market through taking full ownership of Newfoundland and Labrador-based AKCS Offshore Partner.'The buy-out will support…
US crude and condensate production has been falling since 1972 with only a couple brief periods of respite or flattening downward. Most analysts felt that the decline was irreversible. The decline flattened in 1991, 1997 and 2001 and, as a result of a dramatic jump in oil prices…
FMC buys 173-acre parcel of land in Houston Map of Generation Park in HoustonFMC Technologies, Inc. announced that it has purchased a 173-acre parcel of land in Houston, Texas. FMC Technologies has experienced significant growth over the…
OE Magazine launches dedicated news website OE Magazine has launched a dedicated website OEdigital.com, which will provide readers with the latest oil and gas news, technological trends and exclusives.The new OEdigital.com connects oil and…
Last month, Noble Energy, the Houston company that has played a vital role in drilling and confirming massive deepwater natural gas deposits (some of the largest in recent memory) in Israeli and Cypriot waters, announced a 30% sale of the Leviathan field to Australia's Woodside for about $2…
Sabine Pass LNG2MPTA will be bought from Sabine LiquefactionCheniere Energy Partners announced that its subsidiary Sabine Pass Liquefaction has entered into a liquefied natural gas sale and purchase agreement (SPA) with Total Gas & Power North America…
Photo: Tar Sands BlockadeTexas man sues to stop Keystone construction OilPrice.com - Now that elections are over, everyone is waiting for a decision on the Keystone XL pipeline, but it's not so easy amid the atmosphere of protests that have…
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