The Irish High Court has granted independent oil and gas producer Petroceltic an injunction prohibiting activist investor Worldview Capital from proceeding with its attempt to hold another extraordinary general meeting.
Xodus Group has entered the second phase of its joint industry project (JIP) with Dutch innovation company TNO. The second phase of the project, which is expected to run across three stages, is now open for other participants to join. It comes after the first stage of the project which looks into the dynamic forces which affect the integrity of piping systems was carried out.
Pipeline company Energy Transfer Equity (ETE) is set to buy Williams Cos in a deal worth $37.7billion. Williams Investors will get $43.50 per share either in cash or stock of Energy Transfer Corp. The potential deal first became public knowledge in June when Williams had rejected an offer from ETE which is said was too low.
KMG EP has strengthened its leadership team with the appointment of a new chief executive. Kurmangazy Iskaziev was previously the boss of JSC Embamunaigas, (EMG) one of the core production assets of the company.
BG Group has acquired three non-operated positions offshore Newfoundland from Spanish-owned Repsol. The company said the move gives it additional access to early stage exploration in a proven prospective basin ahead of the first well being drilled this year.
Union Jack Oil confirmed it was perfectly poised to capitalise on current market ‘dislocaton’
A slowed marketplace has forced Havila Shipping to sideline two of its five North Sea AHTS vessels.
Rockhopper Exploration saw its bid to acquire production and exploration assets in Egypt denied after a joint venture party exercised its right of pre-emption.
Ithaca Energy has modified its Greater Stella deal with Petrofac in a bid to hit its sail-away target.
The global oil glut may soon expand to the ocean.
Shell has pulled out of controversial drilling off the coast of Alaska after failing to find sufficient signs of oil and gas to make further exploration worthwhile.
Private equity house Arle Capital is said to be close to selling Dutch engineering firm Stork Technical Services for around £440million, reports have claimed.
Russia’s oil industry begins a critical battle over taxes this week. Losing may result in the first decline in crude production at the world’s largest energy exporter since 2008.
For the second time in US records, natural gas eclipsed coal as the primary fuel for electricity generation.
Falkland Oil and Gas Limited, the exploration company focused on the South Atlantic, has said efforts to resolve equipment issues on its Humpback well took longer than expected and resulted in a revised drilling programme.
RoyalGate Energy said it will drill the Tulip Upper Isongo discovery and Tulip Massive Isongo prospect in Equatorial Guinea. The Z-1 well is set to be drilled in the first quarter of 2016 close to the location of previous offset wells and in the vicinity of known producers. Located to the north of Bioko Island and south of the Marathon Oil-operated Alba field, Block Z has estimated gas reserves of more than 3.6 tcf.
Electromagnetic Geoservices (EMGS) has signed a multi-client acquisition agreement with the Directorate General of Hydrocarbons (DGH) in India. The agreement grants EMGS a two year permit to acquire 3D EM data within a 325,000 square km area off the west coast of India. It will cross eight different tectonic provinces from Kutch-Saurashtra in the North to Ratnagiri in the South.
Highlands Natural Resources, the London listed oil and gas company, is set to join forces with Schlumberger to develop fracking technology.
Statoil has reduced the initial costs of developing the Johan Sverdrup oilfield in the North Sea by seven percent. The company has cut its estimate for the first phase of the development to 114 billion crowns ($13.42 billion) from 123 billion in nominal terms, its partner Det norske said in a statement. A spokesman said: “The updated estimate is showing reduced capital expenditures as a result of positive market response in contracts and purchase orders."
Strike Energy said production in its Southern Cooper Basin Gas project in Australia was significantly higher than previously achieved.
Australian oil and gas explorer FAR has entered into a farm-in option agreement with a subsidiary of Trace Atlantic Oil for the Djiffere block offshore Senegal.
Transerv Energy has revealed that its Warro onshore gas field in Western Australia could be bigger than first thought.
Hydrasun has confirmed plans to reduce its headcount by up to 97 employees. The move comes in the same week as both Technip and Dolphin Drilling revealed they were also in consultation over jobs. Hydrasun, which employs 338 people in the city, said it had entered into talks with staff. The firm has also proposed a potential pay reduction of 12% to some staff across all of its UK operations.
Representatives from energy companies including Shell and Statoil have joined forces to advise on making cleaner energy decisions. Shell Chairman Chad Holliday, Statoil Vice-President Bjorn Otto Sverdrup and RWE Chief Executive Peter Terium are among a list of commissioners acting in a personal capacity to advise governments on how to change their energy markets without damaging the environment.
Oil and gas skills body Opito has agreed to work more closely with the Engineering Construction Industry Training Board (ECITB) to avoid duplication of effort. The two engineering skills bodies have signed a memorandum of understanding (MOU) to deliver to their members a “common menu of skills solutions”, to collaborate on the collation of industry data around manpower trends and skills forecasting, as well as the creation of skills programmes that meet common industry needs. The collaboration will also build on work undertaken to date around the industry’s modern apprenticeship scheme.