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Bahamas Petroleum Company completes merger with Columbus Energy Resources

Bahamas Petroleum Company completes merger with Columbus Energy Resources

Bahamas Petroleum Company (BPC), an oil and gas company based in Isle of Man, has completed its previously announced merger with Columbus Energy Resources following the approval of a scheme of arrangement by a UK court. Columbus Energy Resources, which is based in the UK, is an oil and gas exploration company focused on South […]

Halliburton, TechnipFMC launch Odassea subsea fiber optic service

Halliburton, TechnipFMC launch Odassea subsea fiber optic service

Oil field service companies Halliburton and TechnipFMC have introduced a distributed acoustic sensing solution for subsea wells called Odassea, which is said to help operators in executing intervention-less seismic imaging and reservoir diagnostics to bring down the total cost of ownership while enhancing reservoir knowledge. By integrating hardware and digital systems, the Odassea service is […]

BP to sell petrochemicals business to INEOS for $5bn

BP to sell petrochemicals business to INEOS for $5bn

Oil and gas giant BP has signed a $5 billion worth deal to sell its global petrochemicals business to INEOS Styrolution, a subsidiary of chemicals company INEOS, in a move to strengthen its balance sheet. The transaction is also said to help BP deliver its $15 billion divestment target a year earlier than the original […]

Core Project phase 1 in North Sea : Petrofac wins five-well contract

Core Project phase 1 in North Sea : Petrofac wins five-well contract

Jersey-based oilfield services provider Petrofac said that its Engineering & Production Services business (EPS)  has been awarded a well management contract for phase 1 of Independent Oil and Gas’s (IOG) Core Project in the UK North Sea. Phase I of the Core Project involves the development of the Southwark, Blythe, and Elgood fields in the […]

Core Project phase 1 in North Sea : Subsea 7 wins EPCI contract from IOG

Core Project phase 1 in North Sea : Subsea 7 wins EPCI contract from IOG

Subsea 7 has bagged an engineering, procurement, construction, and installation (EPCI) contract from Independent Oil and Gas (IOG) for the Blythe and Vulcan Satellites field development – which is the phase 1 of the Core Project in the UK North Sea. The scope of the contract covers the project management, engineering, procurement, construction, and installation […]

Isabella discovery : Total, Neptune Energy make gas, condensate, and oil discovery in UK North Sea

Isabella discovery : Total, Neptune Energy make gas, condensate, and oil discovery in UK North Sea

Isabella discovery : French oil and gas giant Total, Neptune Energy and other partners in license P1820 have made a hydrocarbon discovery following the drilling of the Isabella 30/12d-11 well in the Central North Sea offshore UK. The discovery was made nearly 40 kilometers south of the producing Elgin-Franklin gas and condensate fields and 170 […]

Hunting acquires subsea production technology provider Enpro Subsea

Hunting acquires subsea production technology provider Enpro Subsea

Hunting acquisition of Enpro Subsea : London based energy services provider Hunting PLC has made a $36 million worth acquisition of Enpro Subsea from members of the latter’s management team and Energy Ventures Private Equity. Founded in 2011, the Scotland based Enpro Subsea had developed subsea production technology that is used by offshore oil and […]

RockRose Energy to acquire Cotton gas field from Speedwell Energy

RockRose Energy to acquire Cotton gas field from Speedwell Energy

RockRose Energy has signed a sales and purchase agreement (SPA) with Speedwell Energy to acquire 100% of its subsidiary Speedwell Energy (1), which owns 100% interest in the Cotton gas field in the UK North Sea. Located in the Southern North Sea, the Cotton field, which was formerly called Carna gas field, is situated 100km […]

Fluor’s Stork unit bags crew services contract from EnQuest in North Sea

Fluor’s Stork unit bags crew services contract from EnQuest in North Sea

Fluor Corporation revealed that Stork, a part of its diversified services segment, had bagged a five-year contract from EnQuest for multi-skilled deck crew services for its oil and gas assets in the northern and central North Sea, offshore UK. According to Fluor, the multi-skilled crew of Stork will deliver services for the Heather, Magnus, and […]

Subsea 7 wins contract for Shell’s Pierce Depressurisation Project

Subsea 7 wins contract for Shell’s Pierce Depressurisation Project

Subsea 7 has bagged a contract from Royal Dutch Shell for the Pierce Depressurisation Project at the Pierce Field in the North Sea, located nearly 160 miles offshore, east of Aberdeen in Scotland. The contract price is in the range of $50-150 million, said the UK-based subsea engineering, construction, and services company. Under the Pierce […]

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