Halliburton and rival Baker Hughes have agreed to merge in a deal worth US$34.6 billion in stock and cash. Significant synergy opportunities graph from Halliburton. According to Halliburton…
Houston-based Paragon Offshore has launched a bid to take over Prospector Offshore Drilling by buying 55.8% of the Oslo stock market-listed drilling firm's stock. Paragon, which spun out of Noble Corporation in August this year, said…
Xcite Energy has agreed a memorandum of understanding (MOU) with China Oilfield Services Limited (COSL) over the provision of a new-build Keppel FELS N Class Plus, harsh environment jackup drilling rig, to be used on the North Sea Bentley heavy oil field…
Vallourec has received a contract to supply premium tubes and connections for the ultra-deepwater Kaombo field off Angola, operated by TOTAL E&P Angola. As part of this contract, Vallourec will supply 27,000 tons of OCTG (oil country…
VBMS completed a remote platform tieback project - platform L8-P4 to L6-B - for Wintershall Noordzee B.V. in the North Sea. Image of the Ndurance. From Boskalis. The scope of work for VBMS included the engineering…
The Consórcio Tomé Ferrostaal (CTF) consortium of Rheinmetall International Engineering, and Brazilian company Tomé Engenharia, delivered two modules for the first of a series of six floating, production, storage and offloading (FPSO) vessels to Brazilian national oil company Petrobras…
In collaboration with Petroguin E.P., Polarcus secured additional industry prefunding to acquire a new 3D multi-client survey offshore Guinea-Bissau, expanding theits 3D multi-client data library across the Mauritania-Senegal-Guinea-Bissau basin in the AGC and Guinea-Bissau to over 8300sq km…
Eco Atlantic Oil & Gas Ltd. completed the 3D seismic survey on the Cooper block located in the Walvis Basin, offshore Namibia. The PGS vessel Ramform Vanguard, offshore Namibia. From Eco Atlantic. PGS Geophysical Ltd…
International independent Premier Oil has said its Falklands Sea Lion development is to be scaled back, initially, to make it a phased development due to rising costs and low oil prices. Initial costs on an initial, smaller floating…
Tullow Oil is to “significantly reduce” its 2015 exploration spend and focus on its West African producing assets, including the TEN development project, amid falling oil prices. The move will see Tullow’s investment focus on West Africa…
Ormen Lange field operator Norske Shell has completed its latest appraisal well, 6305/8-2, on the field. The well encountered a 28m gas column with an underlying water zone in the “Egga reservoir unit” with very good reservoir quality…
Bibby Offshore has won a multi-million pound contract award by Total E&P UK for services in the UK North Sea. The project, including associated project management and engineering, will be carried out on the Ellon and Grant field, 270 miles north-east of Aberdeen and in up to 135m water depth…
United Arab Emirates' Abu Dhabi Marine Operating Company (ADMA-OPCO) has awarded Technip a contract for project management consultancy (PMC) services for the engineering, procurement and construction (EPC) works of the Nasr Phase II full field development project – Packages 1…
Baker Hughes and Halliburton are in ‘preliminary discussions’ in regards to a possible merger between the two oil services providers, Baker Hughes confirmed on 14 November. “These discussions may or may not lead to any transaction. Baker…
Genel Energy completed testing operations on the SM-1 well on the Nour prospect in the Sidi Moussa license, offshore Morocco, resulting in the plugging and abandonment of the well, according to partner Serica Energy plc. The Noble Paul Romano…
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