Urals Energy snapped up two private Russian companies, RK-Oil and BVN Oil for almost $5.3million.
Bibby Offshore has launched a jobs consultation with staff over redundancies from its North Sea operations. It is understood around 120 jobs are under consultation with around 40 job losses expected across all departments.
A new date has not been set by the US government for an oil and gas natural lease auction of federal funds in Utah. Earlier this week it was postponed after overwhelming interest from the public, including climate activists.
Awilco Drilling has seen profits increase in the third quarter of 2015, but warned rig layup was likely to increase next year.
Marathon Oil said its vice president of operations services will retire after more than 30 years working in the industry. Michael Stover will step down from his role at the end of the month after joining the company in 1986 as a roustabout. During his time with Marathon Oil he has been responsible for a number of roles which includes economic and reservoir studies for fields in Ireland, Tunisia and Norway.
88 Energy, which is currently drilling its flagship Icewine asset in Alaska, has expanded its footprint in the area after adding an additional 174,000 acres to its portfolio.
Australian oil producer Linc Energy Ltd. is investigating the source of a leak. Just not the sort that you’d expect. The Brisbane-based explorer is trying to determine how information about a possible deal involving some its shale oil assets was released “prematurely,” according to an e-mailed statement on Thursday.
Solo Oil has farmed out its interest in the Ruvuma petroleum sharing agreement to help it accelerate two appraisal wells in Tanzania.
The American Petroleum Institute (API) is set to takeover America’s Natural Gas Alliance (ANGA). The move could see the groups become a stronger powerhouse after approval was granted by both board of directors. It means the two groups will combine into a single trade association, beginning next year.
San Leon Energy has spudded a new well in Poland as it continues it exploration focus in Europe and North Africa.
OPEC took a swing at US shale and knocked down Canada. Threatened by surging production from North America, the Organization of Petroleum Exporting Countries has been pumping above its quota for 17 months as it seeks to take market share from higher-cost regions. The resulting 60 percent price crash is hitting Alberta harder than Texas. Canadian producers are struggling to cut the cost of extracting bitumen from the oil sands, and their other wells are failing to match the efficiency gains of US rivals, a Bloomberg Intelligence analysis shows.
TransCanada has begun another round of job losses as it looks to streamline costs. Workers were told the headcount reductions would be complete by the end of November. In June this year, 185 people were made redundant from its major project’s division, followed by a 20% reduction from its senior leadership positions in September.
Royal Dutch Shell Plc’s $70 billion deal to buy BG Group Plc was cleared by Australia’s competition watchdog despite concerns it could reduce natural-gas supply to local customers and boost prices. “The proposed acquisition would be unlikely to substantially lessen competition in the wholesale natural gas market,” Rod Sims, chairman of the Australian Competition and Consumer Commission, said in a statement on Thursday.
Shell uncovered 100 million barrels of oil in one of its plays in the Gulf of Mexico.
The oil and gas industry has shed 233,000 jobs this year, according to Swift Worldwide Resources.
One of the most cherished assets held by Italy’s largest oil company, Eni SpA, isn’t a refinery or an oilfield -- it sits inside a building in the small town of Ferrera Erbognone near Milan: one of the world’s fastest super- computers.
Fugro has won a five year contract with Total for provision of underwater services in the UK. The deal includes extension options for a further two years and will see Fugro provide a range of ROV (Remotely Operated Vehicles) services.
Husky Energy has sanctioned a new 10,000 barrels per day heavy oil thermal development in Saskatchewan, Canada.
Oil & Gas UK chief executive Deirdre Michie has welcomed the UK Government's energy policy which has gas playing a central role in future power generation.
North Sea oil company Iona Energy is facing insolvency after a proposed restructuring deal fell through.
Norwegian oil and gas investments will fall sharply in the next two years as low crude prices lead oil firms to cut back on spending, according to the Norwegian Oil and Gas Association, the industry's lobby group.
Statoil will decide next autumn on how to upgrade the Snorre oil and gas field in the North Sea, a company executive said today.
A Dutch court has ordered more cuts in gas production at Groningen, Europe's largest gas field, saying the government had given too little consideration to the stronger and more frequent earthquakes extraction had caused.
Petrobas has made a deep water oil discovery in a new well extension in the Pitu area offshore Brazil.
UK offshore oil and gas industry trade bodies Oil & Gas UK and Decom North Sea have pledge to deliver more joined-up working to deliver a more effective decommissioning agenda for the North Sea.