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Murphy Oil Completes $2.035 Billion Sale of Malaysian Assets to PTTEP
September 11, 2019
US-based Murphy Oil said that one of its subsidiaries has wrapped up a previously announced $2.035 billion sale of its Malaysian assets to PTTEP HK Offshore, a subsidiary of PTT Exploration and Production (PTTEP). As per the deal signed in
Enpro Subsea Showcases Results of Subsea Technology R&D Program
September 5, 2019
Aberdeen-based Enpro Subsea showcased the results of a pioneering subsea technology research and development (R&D) program during a recent visit from Member of Scottish Parliament Jamie Hepburn, Minister for Business, Fair Work and Skills. The production optimization specialist demonstrated its
Wintershall Dea Completes Installation of Nova Subsea Pipelines, Norway
September 4, 2019
Wintershall has completed the installation of the subsea pipelines and umbilicals for the €1.1 billion Nova field development project offshore Norway. Located about 120km northwest of Bergen city of Norway, the Nova field is estimated to contain recoverable reserves of
ConocoPhillips to Sell Its United Kingdom Oil and Gas Subsidiaries to Chrysaor for $2.675 Billion
August 28, 2019
ConocoPhillips has entered into an agreement to sell two ConocoPhillips United Kingdom (U.K.) subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments. Together, the subsidiaries indirectly hold the company’s exploration and production assets in the U.K.,
ExxonMobil to Proceed with Liza Phase 2 Development, Offshore Guyana
August 28, 2019
ExxonMobil has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Liza Phase 2 will produce up to 220,000 barrels of oil per day and further capitalize on the significant development potential of the
ExxonMobil to Provide $3 Million to USAID Programs in Mozambique
August 21, 2019
ExxonMobil and the United States Agency for International Development (USAID) said ExxonMobil will provide $3 million to USAID to design and administer programs that improve social and economic development in Mozambique. The collaboration was announced by Administrator Mark Green at
Equinor Begins Production at Mariner Field, UK North Sea
August 20, 2019
Equinor and its partners have commenced production from the Mariner field in the UK North Sea, which has been developed with an investment of more than $7.7 billion. The Mariner field is located on the East Shetland Platform in UK
Achilles Launches 6,000 Member Oil and Gas Supplier Network for Europe
August 19, 2019
Achilles Information, a supply chain risk and performance management provider, has launched the most comprehensive supplier network available for the oil & gas industry: Oil and Gas Europe. Powered by the existing Achilles JQS and FPAL services, the new network
BP and Reliance Target Fast-Growing Indian Market with New Fuels Partnership
August 8, 2019
BP and Reliance have a partnership dating back to 2011, and now seek to capitalize on India’s lucrative fuels market predicted to grow exponentially for the next 20 years. India’s ever-expanding energy demand has prompted UK energy giant BP to
Total Approves Phase 3 Development of Dunga Field, Kazakhstan
August 6, 2019
The development project of Dunga field is expected to increase production by more than 70 million barrels of reserves. French integrated oil and gas company Total, along with its partners, has approved the launch of phase 3 development of the
