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Calima Energy to acquire Canadian oil and gas company Blackspur Oil

Calima Energy to acquire Canadian oil and gas company Blackspur Oil

Australia-based Calima Energy has agreed to acquire Canadian oil and gas company Blackspur Oil for CAD 17 million ($13.35 million). Calima Energy will also assume Blackspur Oil’s net debt of $43 million. Blackspur Oil has producing oil and natural gas assets in the Brooks and Thorsby areas in Alberta. The assets’ 2P reserves are 22.5 […]

Solstad Offshore wins contracts for Normand Ranger and Far Seeker in Australia

Solstad Offshore wins contracts for Normand Ranger and Far Seeker in Australia

Solstad Offshore said that the large Normand Ranger anchor handling tug supply vessel (AHTS) has won a contract in Australia, which will begin in the second quarter of 2021. According to the Norwegian offshore service and supply ship shipping company, the AHTS Normand Ranger will travel from Norway and will then engaged in supporting a […]

PETRONAS makes oil discovery in North Madura II PSC, Indonesia

PETRONAS makes oil discovery in North Madura II PSC, Indonesia

PETRONAS via its subsidiary North Madura II has made an oil discovery at the Hidayah-1 exploration well within the North Madura II Production Sharing Contract (PSC) off the coast of East Java in Indonesia. North Madura II is the operator with a 100% participating stake in the North Madura II PSC. Spudded on 7 January […]

Neptune Energy to buy stakes in German oil and gas fields from Wintershall

Neptune Energy to buy stakes in German oil and gas fields from Wintershall

Neptune Energy has signed a deal to acquire stakes in multiple oil and gas fields in Germany from Wintershall Dea for an undisclosed price. The deal involves certain oil and gas producing fields in the Emsland and the Grafschaft Bentheim region. It enables Neptune Energy to increase its existing stakes in the Ringe, Adorf, and […]

ARC Resources, Seven Generations Energy sign $6.3bn merger deal

ARC Resources, Seven Generations Energy sign $6.3bn merger deal

Canadian oil and gas companies ARC Resources and Seven Generations Energy have agreed to merge in an all-stock deal worth nearly CAD 8.1 billion ($6.38 billion) with an objective to become a leading producer in the Montney Formation in the country. Apart from the Montney region in Alberta and northeast British Columbia, ARC Resources’ operations […]

Golden Eagle development : EnQuest to acquire Suncor’s stake in $375m worth deal

Golden Eagle development : EnQuest to acquire Suncor’s stake in $375m worth deal

EnQuest has signed a deal worth up to $375 million to acquire Suncor Energy UK’s entire stake of 26.69% in the Golden Eagle development in the UK North Sea. As per the terms of the deal, the UK-based oil and gas company will pay an initial consideration of $325 million and a contingent consideration of […]

Reliance Industries signs $250m deal to offload US shale assets to Northern Oil and Gas

Reliance Industries signs $250m deal to offload US shale assets to Northern Oil and Gas

Reliance Industries has signed a $250 million worth deal to offload its stake in some producing assets in the Appalachian Basin in US held by its fully-owned subsidiary Reliance Marcellus to Delaware-based Northern Oil and Gas. The assets are located in the Marcellus shale play in south-western Pennsylvania, that are currently operated by EQT’s affiliates. […]

BP to sell 20% stake in Oman’s Block 61 to PTTEP for $2.6bn

BP to sell 20% stake in Oman’s Block 61 to PTTEP for $2.6bn

Oil and gas giant BP has signed a deal worth $2.6 billion to divest a 20% participating stake in the producing Block 61 in Oman to Thailand-based PTT Exploration and ‎‎Production Public Company (PTTEP). ‎Upon closing of ‎the deal, BP will continue as operator of the block with a 40% stake. The other partners in […]

DOF Group wins contract for Skandi Kvitsøy PSV in North Sea

DOF Group wins contract for Skandi Kvitsøy PSV in North Sea

The DOF Group has been awarded a long-term contract for the Skandi Kvitsøy offshore supply ship in the North Sea from an undisclosed multinational energy company. The Norwegian supply shipping company did not disclose the value of the charter contract, which will begin in Q1 2021. The contract is for a duration of one year […]

Equinor Energy gets NPD nod for drilling well 31/11-1 S in PL 785 S

Equinor Energy gets NPD nod for drilling well 31/11-1 S in PL 785 S

Equinor Energy has secured drilling permit from the Norwegian Petroleum Directorate (NPD) for well 31/11-1 S in production licence 785 S (PL 785 S) in the Norwegian North Sea. The company will drill well 31/11-1 S with the Deepsea Atlantic drilling facility. The wildcat well will be drilled 62 kilometres, south of the Troll field. […]

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