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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 […]

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 […]

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 […]

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 […]

CNOOC begins production of Liuhua 16-2 oilfield/ 20-2 project in China Sea

CNOOC begins production of Liuhua 16-2 oilfield/ 20-2 project in China Sea

Liuhua 16-2 oilfield/ 20-2 project : CNOOC has started production of the Liuhua 16-2 oilfield/ 20-2 oilfield joint development project in the Eastern South China Sea. According to the Chinese national oil company, the Liuhua 16-2 oilfield / 20-2 oilfield joint development project is in an average water depth of nearly 410 meters. CNOOC said […]

Wellesley Petroleum fails to find hydrocarbons with 6204/11-3 well in PL 829

Wellesley Petroleum fails to find hydrocarbons with 6204/11-3 well in PL 829

Wellesley Petroleum has failed to find any hydrocarbons following the drilling of exploratory well 6204/11-3 in production licence 829 (PL 829) in the Norwegian North Sea. The wild cat well was spudded by the PL 829 operator nearly 75 kilometres north of the Gjøa field and 60 kilometres northwest of the Norwegian town of Florø. […]

Eni, BP make new gas discovery in Great Nooros Area in Egyptian waters

Eni, BP make new gas discovery in Great Nooros Area in Egyptian waters

Italian oil and gas giant and BP have made a new gas discovery in the Great Nooros Area in the Mediterranean Sea in Egypt through the drilling of the Nidoco NW-1 exploratory well in the Abu Madi West Development Lease. The new gas discovery in Egypt was made in the conventional waters of the Nile […]

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