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Devon Energy to acquire rival oil and gas firm WPX Energy for $2.5bn

Devon Energy to acquire rival oil and gas firm WPX Energy for $2.5bn

Devon Energy has agreed to acquire rival Oklahoma-based oil and gas company WPX Energy in an all-stock deal worth $2.56 billion. The merger of the companies is expected to create a major unconventional oil producer in the US with a combined enterprise value of around $12 billion. The asset base of the enlarged oil and […]

Breidablikk oil project : Equinor and partners to move ahead with $2bn field development

Breidablikk oil project : Equinor and partners to move ahead with $2bn field development

Breidablikk oil project : Equinor and its partners Petoro, ConocoPhillips Skandinavia, and Vår Energi have approved the development of the Breidablikk oil field in the Norwegian North Sea with an investment of NOK 18.6 billion ($1.96 billion). The partners will submit the plan for development and operation of the Breidablikk field to the Norwegian Minister […]

Total exits Brazil’s offshore Foz do Amazonas Basin

Total exits Brazil’s offshore Foz do Amazonas Basin

French oil and gas giant Total said that it has reached an agreement to transfer to its equity interest in five exploration blocks in the Foz do Amazonas Basin in the Brazilian waters to Petrobras. The agreement marks the exit of Total from the Foz do Amazonas Basin. The five blocks – FZA-M-57, FZA-M-86, FZA-M-88, […]

Wood bags $84m EPCI contract from Equinor for Breidablikk development

Wood bags $84m EPCI contract from Equinor for Breidablikk development

British energy services company Wood has bagged an engineering, procurement, construction, and installation (EPCI) services contract worth $84 million from Equinor in the Norwegian North Sea. As per the terms of the contract, Wood will supply all topside modifications at Equinor’s Grane platform, which will be prepared to enable the tie-back of the Breidablikk subsea […]

CNOOC begins production from Jinzhou 25-1 oilfield 6/11 project

CNOOC begins production from Jinzhou 25-1 oilfield 6/11 project

Jinzhou 25-1 oilfield 6/11 project : Chinese national oil company CNOOC said that it has started production from the Jinzhou 25-1 oilfield 6/11 area in the Bohai Sea in China. Located in central Liaodong Bay, the Jinzhou 25-1 oilfield 6/11 area is contained in an average water depth of 22.5 meters. Apart from completely using […]

Devon Energy, WPX Energy reportedly exploring potential merger

Devon Energy, WPX Energy reportedly exploring potential merger

Devon Energy, an Oklahoma-based onshore oil and gas producer, is in discussions to acquire WPX Energy in an all-stock deal to create a company worth about $6 billion, reported Reuters citing people familiar with the matter. Reuters reported that the transaction values WPX Energy at a small premium compared to its current share price of […]

Maha Energy set to win Mafraq heavy oil field and Oman Block 70

Maha Energy set to win Mafraq heavy oil field and Oman Block 70

Maha Energy said that it is set to be awarded a new onshore exploration block – Block 70 in Oman that includes the Mafraq heavy oil field from the Omani Ministry of Energy and Minerals. According to the Swedish oil and gas company, Mafraq is a shallow undeveloped field. Block 70 is located in the […]

Total to convert Grandpuits crude oil refinery into zero-crude platform

Total to convert Grandpuits crude oil refinery into zero-crude platform

French oil and gas giant Total said that it will invest over €500 million for modifying its Grandpuits crude oil refinery in Seine-et-Marne, France to producing biofuels and bioplastics. The new zero-crude platform of Total will concentrate on four new industrial activities. These include renewable diesel mainly for the use in the aviation industry, production […]

DOF Subsea wins contract from Woodside for CWLH field

DOF Subsea wins contract from Woodside for CWLH field

Woodside Energy has given a contract to DOF Subsea Australia for providing transportation and installation (T&I) services in support of flowline installation operations in the Cossack Wanaea Lambert and Hermes (CWLH) field in Australia’s North West Shelf. The contract awarded by the Australian oil and gas company covers project management, engineering, transportation, and installation services […]

Archer wins 4-yr contract extension for Apache assets in UK North Sea

Archer wins 4-yr contract extension for Apache assets in UK North Sea

Archer has bagged a four-year contract extension worth up to $100 million from Apache Corporation for providing platform drilling operations and maintenance services for certain UK North Sea fields. The fields that are part of the contract are Beryl Alpha and Bravo, Forties Alpha, Bravo, Charlie, and Delta. The oil services company said that the […]

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