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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 […]

OMV to divest stake in Gas Connect Austria to VERBUND

OMV to divest stake in Gas Connect Austria to VERBUND

Austria-based oil and gas company OMV has agreed to sell its 51% stake in Gas Connect Austria to VERBUND, an Austrian electricity company, for EUR 271 million. In addition to the consideration, VERBUND will assume the outstanding liabilities of Gas Connect Austria to OMV on the closing date in 2021. As per the terms of […]

Petrobras finds hydrocarbons in Block C-M-657 well in Campos Basin

Petrobras finds hydrocarbons in Block C-M-657 well in Campos Basin

Petróleo Brasileiro S.A (Petrobras) said that it has identified the presence of hydrocarbons in the Well 1-BRSA-1376D-RJS (Naru) of Block C-M-657 in the pre-salt of the Campos Basin. According to the Brazilian national oil company, the Naru well was drilled nearly 308km from the city of Rio de Janeiro in Brazil, in water depth of […]

Weatherford, Safe Influx partner to offer new well integrity solution

Weatherford, Safe Influx partner to offer new well integrity solution

Oilfield service company Weatherford International has joined forces with Scotland-based automated well control technology provider Safe Influx with an aim to revolutionising well integrity during the construction sage. In this regard, the companies have signed a memorandum of understanding (MoU). Under the MoU, Weatherford and Safe Influx will cooperate across the world to launch the […]

Max Midstream acquires Seahawk Pipeline and Terminal, announces new pipeline to Texas Gulf Coast

Max Midstream acquires Seahawk Pipeline and Terminal, announces new pipeline to Texas Gulf Coast

Max Midstream said that it has acquired the Seahawk Pipeline and Terminal from Oaktree Capital at the Port of Calhoun in Texas and plans to build a pipeline with an investment of $1 billion that will directly connect the port to both the Eagle Ford and Permian Basins. According to the Texas-based midstream company, the […]

PGNiG to acquire Shell’s stakes in Kvitebjørn and Valemon fields

PGNiG to acquire Shell’s stakes in Kvitebjørn and Valemon fields

PGNiG Upstream Norway has agreed to acquire the stakes of Norske Shell in the producing Kvitebjørn and Valemon fields in the Norwegian North Sea. Norske Shell is a subsidiary of Royal Dutch Shell, while PGNiG Upstream Norway is a subsidiary of Polish state-controlled oil and gas company PGNiG. The financial terms of the deal were […]

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