17 Oct 17Emerson agrees to acquire Paradigm for $510 million
Emerson has agreed to acquire Paradigm, a leading provider of software solutions for the oil and gas industry, for a purchase price of $510 million
17 Oct 17Canada: EMGS prepares for multi-client survey west of Newfoundland
Electromagnetic Geoservices (EMGS) has initiated preparations for carrying out a pre-funded multi-client survey west of Newfoundland, Canada. The survey is expected to be executed in the fourth quarter of 2017.
17 Oct 17Equatorial Guinea: Ophir Energy awarded offshore acreage in EG Ronda 2016
The Ministry of Mines and Hydrocarbons, Ophir Energy and national oil company GEPetrol have signed a new production sharing contract (PSC) for Block EG-24 offshore Rio Muni, Equatorial Guinea. Block EG-24 (formerly Block EG-20 and Block M) is one of 20 exploration areas marketed during the EG Ronda 2016 licensing round.
17 Oct 17BP midstream partners launches initial public offering
BP Midstream Partners, a limited partnership formed by an indirect, wholly-owned subsidiary of BP, announced Monday that it has commenced an initial public offering.
17 Oct 17Tendeka secures trio of Middle East contracts
Following a recent award by the Kuwait Oil Company to deliver a lower completions project, Tendeka, a global leader in advanced completions and production optimisation, has been awarded two further contracts in the Middle East.
17 Oct 17PNG: Oil Search reports quarterly production at record levels
Oil Search delivered an all-time record quarterly production of 7.91 mmboe in the third quarter, taking production for the nine months to 30 September 2017 to 22.72 mmboe. This excellent result was driven by higher production from both the PNG LNG Project and the Company's operated fields.
17 Oct 17GoM: Wood wins FEED contract for first-of-its-kind LNG production platform
The Honghua Group has awarded a $12 million front-end engineering design (FEED) contract to Wood for its liquefied natural gas (LNG) platform development in the West Delta area of the Gulf of Mexico. The main objective of the FEED is to finalize the design of the world’s first offshore platform-based natural gas liquefaction and storage facility.
17 Oct 17Italy: Saffron Energy awarded Sant' Alberto Production Concession
AIM-listed Saffron Energy has been awarded a Production Concession for its Sant' Alberto gas field from the Italian Ministry of Economic Development. Completion of the development and first production is expected during the first half of 2018.
17 Oct 17Argentina: President Energy announces first sale of oil from Puesto Flores field
AIM-listed President Energy has announced that it has already banked the proceeds from its first delivery of oil from the Puesto Flores field, the acquisition of which, together with the neighbouring Estancia Vieja field, was announced on 21 September 2017.
17 Oct 17Algeria sees energy law amendment by end of 2018
Algeria aims to amend its energy law in 2018 as it plans to improve contract terms to attract needed foreign investment, authorities said on Monday, giving the first timeline for a much-anticipated move.
17 Oct 17Australia: Galilee Energy and Jemena fast-track plans to connect Galilee Basin to the East Coast gas market
Galilee Energy has signed a binding agreement with Jemena to work together towards agreed development milestones that will fast-track plans to deliver a large new source of gas from Galilee Energy’s Glenaras Gas Project in the Galilee Basin in central Queensland to the east coast domestic market.