Blackstone forms partnership for offshore oil & gas drilling servicesFeb 12, 2016Blackstone has formed Clarion Offshore Partners LLC (Clarion), a new platform to provide strategic solutions to the offshore oil and gas drilling and services sector, with a financial
Bhagwan Marine acquires Delta SubseaFeb 11, 2016Australian marine services provider, Bhagwan Marine, has acquired Perth-based company Delta Subsea. Delta Subsea is recognised as a subsea engineering consultancy dedicated to
Black Mountain Oil and Gas makes partnership with Natural Gas PartnersFeb 11, 2016Black Mountain Oil & Gas, LLC has closed a $150 million equity commitment from Natural Gas Partners through NGP Natural Resources XI, L.P., the most recent NGP private equity
Helix Energy makes amendment to credit facilityFeb 11, 2016Helix Energy Solutions Group, Inc. has amended its credit agreement to provide the Company with increased financial flexibility through the third quarter of 2017. The Amendment includes the following items:
Shell sells its stake in UK North Sea Maclure oil and gas field to Nobel UpstreamFeb 11, 2016Nobel Upstream, the independent UK-based exploration and production company, has signed a sale and purchase agreement to acquire a 7.59 per cent non-operated interest in the Maclure oil
Cooper Energy to sell Indonesian exploration assets to Mandala EnergyFeb 11, 2016Cooper Energy has signed agreements for the sale of its Indonesian exploration assets to Mandala Energy Limited, a South East Asia focused oil and gas exploration and production company,
Polarcus says non-cash impairment charges impacting Q4 2015Feb 10, 2016Reference is made to the stock exchange release issued on 6 January 2016 in which Polarcus Limited announced a restructuring plan with support from key stakeholders.
PA Resources divests its North Sea assets to PetrogasFeb 10, 2016PA Resources AB has signed an agreement to divest its portfolio of North Sea assets to Petrogas E&P. The sale includes the company’s 24% interest in license 12/06 in Denmark,
WPX Energy Ssells Piceance subsidiary for $910 millionFeb 10, 2016WPX Energy has signed an agreement to sell its wholly owned subsidiary WPX Energy Rocky Mountain, LLC, to Terra Energy Partners LLC for $910 million. The parties expect to close the sale in the second quarter.
Sound Energy to acquire interest in Meridja permit, onshore MoroccoFeb 9, 2016Sound Energy has signed a binding agreement with Oil & Gas Investment Fund S.A.S ('OGIF') whereby OGIF has granted Sound Energy an option to acquire a 55% interest in the Meridja
Qatar Petroleum to acquire 30% Chevron's assets in MoroccoFeb 9, 2016Qatar Petroleum has reached an agreement with Chevron Morocco Exploration Ltd., a subsidiary of Chevron Corporation, to acquire a 30% participating interest from
Terra Energy closes minor non-core asset salesFeb 9, 2016Terra Energy Corp. has closed the sale of certain of the Company's minor non-core, P&NG assets in the Mica/Parkland area of the Province of British Columbia for approximately $1.0 million.
Ardyne launches with acquisition of Wellbore ASFeb 9, 2016New oilfield services company Ardyne has been launched with £50 million backing from Lime Rock Partners and has made its first acquisition.
Tethys to gat additional US$1 million from OlisolFeb 9, 2016Tethys Petroleum Limited updates the previously announced US$15 million convertible debt facility with Olisol Petroleum Limited , a wholly owned subsidiary of Olisol Investments
Serinus Energy closes sale of Ukraine interestsFeb 9, 2016Serinus Energy Inc. has closed the sale of its interests in Ukraine to Resano Trading Ltd., an affiliate of the Burisma Group, a Ukraine entity actively involved in
Husky Energy decides for short term hedging llanFeb 8, 2016Husky Energy has put in place a short term hedging plan for a portion of its oil production. Husky generally manages commodity price risk through its strong balance sheet
Siemens UK & Ireland joins forces with EFC GroupFeb 8, 2016Siemens UK & Ireland has formed a strategic partnership with oil and gas control system company, EFC Group, in a collaboration which promises to deliver innovative,
Faroe Petroleum reports good progress for 2015Feb 8, 2016Graham Stewart, Chief Executive of Faroe Petroleum says that 2015 was another year of growth and good progress for Faroe despite a backdrop of significantly lower commodity prices.
Schlumberger-Cameron merger receives unconditional clearance from European CommissionFeb 8, 2016Schlumberger Limited and Cameron International Corporation jointly declared that the European Commission has cleared their proposed merger without any conditions
Osage Exploration and Development files for bankruptcyFeb 8, 2016Osage Exploration and Development, Inc. says that on February 3, 2016, it filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the U.S.
Suncor Energy acquires 72.9% of Canadian Oil Sands sharesFeb 8, 2016Suncor says that approximately 72.9 per cent of Canadian Oil Sands shares (COS) equating to 353,307,264 common shares and accompanying rights have been tendered to Suncor's Offer.
Frontier Resources issues new ordinary sharesFeb 8, 2016The Board of Frontier says that the Company has conditionally issued, though a direct subscription, 4,750,000,000 new ordinary shares of 0.01p each with existing
Genel Energy receives payment for KRI oil exports from the Taq Taq fieldFeb 8, 2016Genel Energy says that the Taq Taq field partners have received a gross payment of $16.3 million from the Kurdistan Regional Government ('KRG') for oil exported through the
Petsec Energy acquires Damis production licenceFeb 8, 2016Petsec Energy Ltd has expanded its oil and gas interests in the Republic of Yemen with the acquisition of entities holding the entire (100%) participating interest (82.5% equity interest)
