Tamarack Valley Energy has entered into a definitive agreement to acquire Deltastream Energy Corporation, a privately held pure-play Clearwater oil producer, for total net consideration of $1.425 billion, consisting of $825 million in cash, $300 million in the form of a deferred acquisition payment (“DAP”) and $300 million of equity comprised of approximately 80 million […]

Weatherford International received a five-year framework agreement from Abu Dhabi National Oil Company (“ADNOC”) to provide directional drilling and logging-while-drilling services. The contract is currently valued at over $400 million and ADNOC has an option to extend the contract for an additional two years. The Weatherford Drilling Services portfolio includes a suite of technology that […]

TGS, a global provider of energy data and intelligence, has announced Amendment Phase II, a continuation of its ultra-long offset ocean-bottom node (OBN) acquisition in the U.S. Gulf of Mexico. This project extends the first phase of the survey that was acquired to the east in 2018. The 151 OCS block survey will begin in […]

Commonwealth LNG, a subsidiary of Commonwealth Projects, and Woodside Energy Trading Singapore Pte Ltd, a subsidiary of Woodside Energy Group have  announced the conversion of their non-binding heads of agreement (HOA) into two binding LNG Sale and Purchase Agreements (SPAs), signed 2 September 2022. The SPAs are for the supply of up to 2.5 million […]

UAE Minister of Industry and Advanced Technology,  His Excellency Dr. Sultan Ahmed Al Jaber, and Abu Dhabi National Oil Company (ADNOC) Managing Director and Group CEO, and Claudio Descalzi, Eni’s Chief Executive Officer have met in Abu Dhabi to discuss the progress of the company’s activities in the Emirate of Abu Dhabi, future projects and […]

Shell has exercised an option to extend the provisioning of the 7th generation drillship Maersk Voyager for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig’s current contract, with a firm duration of six months. The contract value of the extension is approximately USD 77m, excluding […]

Stretching across tens of thousands of kilometers throughout the country, oil and gas pipelines are the backbone of energy transmission. The terrains along the pipelines, however, are complex, leading to common problems such as pipeline leakage and oil theft to occur. Harsh terrains and obstacles — such as reservoirs, lakes, forests, and steep slopes — also […]

McDermott International, together with its storage business, CB&I, has been awarded a Front-End Engineering Design (FEED) contract from Gunvor Petroleum Rotterdam B.V. for the Green Hydrogen Import Terminal project. The project is part of Gunvor’s program to transform their Rotterdam facility into a green energy hub. Under the contract scope, CB&I will provide the FEED […]

VAALCO Energy has disclosed Michael Silver, its Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer intention to leave VAALCO in pursue of other interests. Mr. Silver will remain with the Company for a transitional period to facilitate consummation of the proposed arrangement with TransGlobe Energy Corporation. The Company has launched an executive […]

ExxonMobil affiliates have signed an agreement to sell all of ExxonMobil’s interests in the Aera oil-production operation in California to Green Gate Resources E, LLC, a subsidiary of IKAV. The transaction involves a share sale of Mobil California Exploration & Producing Asset Company. In addition, ExxonMobil affiliates have entered into a separate agreement for the […]