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17 Oct 17
Emerson 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 17
BP 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 17
Tendeka 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 17
PNG: 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.
16 Oct 17
Value Engineering application in Asset Life Assessment
EPConsult Energies (EPEn) recently completed a Value Engineering Study for a project where asset life, life extension and obsolescence were critical subjects. This involved applying the Value Engineering technique for a complex offshore ZADCO installation to support the client in deriving, optimising and justifying the final scope for the installation’s late life operation.
16 Oct 17
African Petroleum provides update on West Africa operations
African Petroleum has provided an update on its operations in The Gambia, Senegal, Cote d'Ivoire and Sierra Leone. In The Gambia, the Company is in the process of commencing arbitration proceedings in order to protect its 100% interest in the A1 and A4 licences.
16 Oct 17
NU-Oil and Gas wins Best Performing Stock at AIM Awards 2017
NU-Oil and Gas was awarded Best Performing Share at the recent AIM Awards 2017. The Company's share price over the period of assessment increased by 1447%.
16 Oct 17
Iraq: DNO reports first payment under Kurdistan receivables settlement
DNO, the Norwegian oil and gas operator, has reported the first payment from the Kurdistan Regional Government under the recently concluded agreement covering outstanding receivables for past crude oil deliveries.
16 Oct 17
Norway: Norwegian Petroleum Directorate issues new edition of the Norwegian shelf map
The Norwegian Petroleum Directorate has issued a new edition of the Norwegian shelf map. The map 'The Norwegian continental shelf' shows all fields, discoveries, areas awarded and areas that have been opened for exploration activities as of August 18th, 2017.
16 Oct 17
US: Chaparral Energy announces sale of EOR assets for $170 million
Chaparral Energy has entered into a definitive agreement to sell its North Burbank and Texas Panhandle enhanced oil recovery (EOR) assets for $170 million cash plus certain contingent payments, subject to customary closing adjustments, to an undisclosed buyer.
15 Oct 17
Iraq: Kurds block Iraqi forces access to Kirkuk oil fields
Kurdish Peshmerga fighters rejected a warning from an Iraqi paramilitary force to withdraw from a strategic junction south of Kirkuk, which controls access to some of the region’s main oilfields, a Kurdish security official said on Sunday.
15 Oct 17
Saudi Aramco in talks to shelve international IPO - FT
Saudi Aramco is considering shelving plans for an international public offering in favour of a private share sale to world sovereign funds and institutional investors, the Financial Times reported
15 Oct 17
Norway: Weatherford wins Repsol Norge P&A contract
Weatherford International has been awarded a contract for plug and abandonment (P&A) services by Repsol Norge. The work will include up to 50 wells and is estimated to be completed over a period of three years.
15 Oct 17
Tanzania: Ocean Rig signs contract wth Statoil to drill offshore Tanzania
Ocean Rig has signed a new drilling contract with Statoil, for a one-well drilling program offshore Tanzania. The contract for the Ocean Rig Poseidon is expected to commence in Q1 2018.



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