Tullow Oil plc announced December 11 that it has entered into an agreement to acquire Spring Energy Norway AS, a Norwegian exploration company, for a purchase price of $372.3 million which will be adjusted for working capital.
The international oil services provider Aker Solutions has signed a frame agreement with Shell for the delivery of subsea umbilicals and cables globally.
Petrobras announced December 10 the discovery of a new light oil accumulation in ultra deep waters of Sergipe-Alagoas Basin, at concession area BM-SEAL-11, located in block SEAL-M-349. The discovery took place during drilling of well 1-BRSA-1104-SES (1-SES-166).
Bankers Petroleum Ltd. is pleased to announce its 2013 capital program of US$247 million, to be fully funded with funds generated from operations.
Noble Energy, Inc. announced its 2013 capital program and guidance December 6, and provided updates to the fourth quarter of 2012.
Noble Energy, Inc.'s senior management hosted a conference December 6 in Houston, Texas with analysts and investors discussing the Company's current operations, future plans and operational outlook. The presentation included the following key highlights:
Honeywell today announced that it has been selected by Siberian Generating Company (SGK) to supply and implement new Manufacturing Execution Systems (MES) at both the JSC “Kuzbassenergo” and JSC “Yenisei TGC (TGC-13)” regional power generation facilities which are operat
Caterpillar Inc. and Ariel Corporation announced December 5 the formation of a 50-50 joint venture that will provide well service pressure pumping products for customers in the global oil and gas industry.
Petrofac has been awarded two engineering, procurement and construction (EPC) packages for Saudi Aramco’s Jazan Refinery and Terminal project. When complete, the refinery will produce around 400,000 barrels of oil per day and have associated terminal facilities on the R
Aker Solutions today announces at the company's capital markets day that it is on track to meet its 2015 growth targets - and that it expects growth in revenues and margins to continue into at least 2017.