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Supplier News
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Research Points Towards a New Competitive Era for Sustainable Energy Jun 3, 2017The global oil and gas industry is actively transitioning into a more sustainable energy future, according to DNV GL research.
Survey Reveals Changing Attitudes to Procurement Mar 24, 2017The price of products and services trails other significant factors, such as value, lifecycle, and durability as a purchase priority, according to a recent independent survey of oil and gas professional...
Global Maritime Brings Eagle Lyon Pope (ELP) to Market Jan 10, 2017Global Maritime Consultancy & Engineering, provider of offshore marine warranty, dynamic positioning and engineering services, has re-launched Eagle Lyon Pope (ELP)...
Wärtsilä CSSC Joint Venture Opens New Engine Factory in China Jan 10, 2017CSSC Wärtsilä Engine Co Ltd (CWEC), the joint venture company formed between Wärtsilä and China State Shipbuilding Corporation (CSSC), has formally opened its new production facilities located at Lingang, Shanghai.
New Seatronics Partnership Agreement with Force Technology Jan 10, 2017Seatronics, an Acteon company and global provider of rental and sale of marine electronic equipment, has formed a new partnership agreement with Force Technology, an international technological consultancy company.
Shell Update on Pearl GTL Production Dec 24, 2016Shell has announced its Pearl gas-to-liquids (GTL) plant in Ras Laffan Industrial City, Qatar, is currently operating at a reduced rate of production due to unforeseen maintenance...
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Spot News |
Further Increasing Johan Sverdrup ValueStatoil and partners have further increased the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base.
Faroe Commences Fogelberg Appraisal WellFaroe Petroleum has announced the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9 – 4A and 4S in the Norwegian North Sea (Faroe 28.3%).
North Sea Exploration Success for BPBP has announced two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland.
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Supplier News
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Wood Group Mustang and Grupo Diavaz Form Engineering Joint VentureJun 9, 2016Wood Group Mustang and Grupo Diavaz, a Mexican oil and gas operator and services company, have created a joint venture engineering business to capitalise on Mexico’s energy reform.
Packers Plus and Schlumberger Enter Into Global AllianceApr 15, 2016Packers Plus and Schlumberger have entered into a global alliance, enabling the two oilfield service companies to become channel partners in key markets around the world.
Halliburton and Baker Hughes to Contest US Justice Department EffortApr 7, 2016Halliburton Company and Baker Hughes Incorporated have announced that the companies intend to vigorously contest the US Department of Justice’s (DOJ) effort to block their pending merger.
Responding to the “Adapt and Survive” UKCS ChallengeMar 29, 2016TNW Group Companies (TNW) is a new business group launching into the North Sea oil and gas market.
Cargotec Appoints New Chief Financial OfficerMar 22, 2016Mikko Puolakka, M.Sc. (Econ.), has been appointed Cargotec’s Chief Financial Officer (CFO) as of 1 May 2016. He will be a member of the Executive Board and report to CEO Mika Vehviläinen.
Power Electronics Manufacturing AgreementMar 7, 2016SFC Energy, a provider of hybrid power solutions to the stationary and mobile power generation markets, has announced the signing of a power electronics manufacturing agreement...
New Cyber Security Solution for Oil and Gas CustomersMar 4, 2016Harris CapRock Communications, global provider of managed communications services for remote and harsh environments, has launched SafePass™ Pro...
GE completes divestment of power generation assets to Ansaldo EnergiaFeb 29, 2016GE closed its transaction to divest select power generation assets to Ansaldo Energia. GE first announced the transaction in September 2015 when the European Commission and U.S.
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MX Oil agrees sale of investment in Aje fieldFeb 29, 2016MX Oil plc has now agreed terms for the sale of its investment in the Aje Field offshore Nigeria to GEC Petroleum Development Company Limited ('GPDC').
West Texas Resources acuires WI in Gregg County, Texas leaseFeb 26, 2016West Texas Resources, Inc. has completed a working interest acquisition agreement with Two Eagles Resources of White Oak, Texas. The agreement involves West Texas
ENGIE acquires OpTerra Energy ServicesFeb 26, 2016ENGIE and OpTerra Energy Services say that a member of the ENGIE Group has acquired OpTerra Energy Services and its affiliated companies.
Petro River updates on Horizon Energy Partners' farmout agreementFeb 26, 2016Petro River Oil Corp. has released an update from Horizon Energy Partners, LLC relating to a Farmout Agreement between Horizon Energy's wholly owned subsidiary, Grapevine Energy,
MISC acquires 50 % stake in Gumusut-Kakap Semi-FPSFeb 26, 2016Malaysia International Shipping Company (MISC) has entered into a conditional share purchase agreement with E&P Venture Solutions Co Sdn. Bhd. (EPV) to acquire the remaining
Sri Lanka signs agreement with Total for two deepwater blocksFeb 25, 2016The Government of Sri Lanka has signed a Joint Study Agreement (JSA) on the 18th of February 2016 with French oil major Total, to explore two ultra-deep water blocks off the east coast of Sri Lanka. The objective of this study is to explore the two offshore blocks
Bell Geospace acquires new Lockheed Martin InstrumentFeb 25, 2016Bell Geospace has acquired their fourth Full Tensor Gravity Gradiometer (FTG). The addition of this instrument to their fleet will allow Bell to continue to meet the needs of clients in Africa and Southeast Asia
Nostra Terra acquires producing assets in the Permian BasinFeb 23, 2016Nostra Terra Oil & Gas has acquired producing assets in the Permian Basin of New Mexico from Alamo Resources II, LLC. The company has agreed to pay US$3.0 million to acquire a 60% WI
Argos signs participation agreement with Noble Energy and Edison InternationalFeb 23, 2016Argos Resources Limited, which holds a 5% Overriding Royalty Interest in Licence PL001 in the North Falkland Basin, has signed a Participation Agreement with Noble Energy Falklands Limited and Edison International
Gastar Exploration signs agreement to sell certain Appalachian Basin assetsFeb 23, 2016Gastar Exploration Inc. has entered into a definitive purchase and sale agreement to sell certain Appalachian Basin assets primarily located in Marshall and Wetzel Counties, West Virginia.
Empyrean Energy completes sale of Sugarloaf AMI projectFeb 23, 2016Empyrean Energy Plc has reached financial close on 19 February 2016, Houston time, of the purchase and sale agreement with Carrier Energy Partners II, LLC, a Delaware corporation, to dispose
Romgaz to relinquish EX29 Est Rapsodia Block in the Black SeaFeb 22, 2016Following the results obtained from exploration operations, ROMGAZ and its partners intend to relinquish the EX29 Est Rapsodia Block in the Black Sea
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