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Report: Brazil projected to deploy the highest number of planned FPSOs globally by 2020

Fri, 20 Jan 2017 00:00:00 GMT

A total of 51 floating production storage and offloading units (FPSOs) are expected to commence operations by 2020, with the majority of them in Brazil, according to a report by GlobalData.



River Humber Gas Pipeline Replacement Project, North Lincolnshire

Fri, 20 Jan 2017 00:00:00 GMT

National Grid is replacing its Feeder 9 high-pressure gas transmission pipeline in North Lincolnshire with a new pipeline at a cost of £150m ($198.15m).



Optical Scientific-Optical Flow Sensors and Environmental Measurement Solutions

Fri, 20 Jan 2017 00:00:00 GMT

Optical Scientific, Inc. (OSI) designs and builds advanced optical instruments to measure air flow, turbulence, precipitation and visibility for scientific, aviation, meteorological, and industrial a...



M&As this week: Noble Energy, Rosneft, ExxonMobil

Fri, 20 Jan 2017 00:00:00 GMT

Noble Energy has agreed to a $3.2bn acquisition of 100% interest in Clayton Williams Energy (CWE). The purchase consideration also includes the assumption of approximately $500m net debt owed by the target company.



Deals this week: Valero Energy Partners, Pampa Energia, Laredo Petroleum

Fri, 20 Jan 2017 00:00:00 GMT

Valero Energy Partners, through its indirect wholly owned subsidiary Valero Partners Wynnewood, has completed the acquisition of a 40% stake in the Hewitt segment of Red River pipeline located in Oklahoma, US, from Plains All American Pipeline.



Sound Energy signs non-binding agreement to buy OGIF’s interests in Morocco

Fri, 20 Jan 2017 00:00:00 GMT

Sound Energy has entered a non-binding heads of agreement to acquire Oil & Gas Investment Fund's (OGIF's) assets in Eastern Morocco after the successful completion of an extended well test.



Yokogawa UK receives pipeline contract from British Pipeline Agency

Fri, 20 Jan 2017 00:00:00 GMT

Yokogawa United Kingdom, a subsidiary of Yokogawa Electric Corporation, has received a contract from the British Pipeline Agency (BPA) to provide a management and control system for a major multi-product fuel pipeline in England.



BNK Petroleum drills Chandler 8-6H well in Oklahoma

Thu, 19 Jan 2017 00:00:00 GMT

BNK Petroleum has completed the drilling of Chandler 8-6H well at Tishomingo Field, Oklahoma.



Saipem receives $240m onshore drilling contracts

Thu, 19 Jan 2017 00:00:00 GMT

Saipem received new contracts and an extension on the existing contract agreements for onshore drilling services in Saudi Arabia, Morocco, Bolivia and Argentina.



NextDecade signs lease to develop LNG export facility in Texas

Thu, 19 Jan 2017 00:00:00 GMT

NextDecade has signed lease agreements with the State of Texas and Texas City for a nearly 1,000-acre site at Shoal Point to develop a liquefied natural gas (LNG) export facility.



Enbridge closes Ozark pipeline after leakage in Missouri

Wed, 18 Jan 2017 00:00:00 GMT

Enbridge has closed and isolated the Ozark pipeline after a leakage released approximately 365 barrels of light oil in Lawrence County, Missouri.



ExxonMobil to double Permian Basin resource to six billion barrels of oil equivalent

Wed, 18 Jan 2017 00:00:00 GMT

ExxonMobil has announced its plans to double its Permian Basin resource to nearly six billion barrels of oil equivalent (boe) with the acquisition of companies owned by the Bass family of Fort Worth, Texas.



Tullow discovers oil in Northern Kenya

Wed, 18 Jan 2017 00:00:00 GMT

UK-based company Tullow Oil has announced that the Erut-1 well located in Block 13T in Northern Kenya has encountered a gross oil interval of 55m with 25m of net oil pay at a depth of 700m.



WPX Energy expands in Delaware basin with new acquisition

Tue, 17 Jan 2017 00:00:00 GMT

Oil and gas company WPX Energy has acquired 120,000 net acres in Delaware basin that would increase its Permian operations and facilitate its key financial metrics and margin expansion.



Noble Energy acquires Clayton Williams Energy for $2.7bn

Tue, 17 Jan 2017 00:00:00 GMT

Noble Energy has signed a definitive agreement to acquire Clayton Williams Energy by purchasing all of the outstanding common stock for $2.7bn in a cash and stock deal.



ConocoPhillips discovers oil in National Petroleum Reserve, Alaska

Tue, 17 Jan 2017 00:00:00 GMT

ConocoPhillips Alaska has discovered a new oil location in the Greater Mooses Tooth (GMT) Unit located in the north-east portion of the National Petroleum Reserve in Alaska.



Condor’s Poyraz West 2 appraisal well in Turkey discovers gas reservoir

Mon, 16 Jan 2017 00:00:00 GMT

Canadian oil company Condor Petroleum has announced the drilling results of the Poyraz West 2 appraisal well that tested the south-west extension of the Poyraz Ridge field.



SDX Energy to acquire Circle Oil's Egyptian and Moroccan businesses

Mon, 16 Jan 2017 00:00:00 GMT

UK-based company SDX Energy has entered a non-binding heads of terms (HoT) to acquire Circle Oil’s Egyptian and Moroccan businesses.



Anadarko Petroleum sells Eagleford Shale Assets for $2.3bn

Mon, 16 Jan 2017 00:00:00 GMT

Anadarko Petroleum has agreed to sell its Eagleford Shale assets in South Texas to Sanchez Energy and Blackstone Group for nearly $2.3bn.



M&As this week: Forum Energy Technologies, GTM do Brasil Comercio de Produtos Químicos

Fri, 13 Jan 2017 00:00:00 GMT

With an aim to enhance its product offering to its midstream and downstream customers, US-based oilfield products company Forum Energy Technologies has acquired two companies named Cooper Valves and Innovative Valve Components.