Oil activity begins to return to Gulf of Mexico after hurricane evacuations
Oil and gas activity is beginning to return to the Gulf of Mexico this week after Hurricane Barry swept through the region and up into Louisiana.
BHP
Serica finally completes BKR deal with BP
Oil firm Serica Energy today completed the acquisition of stakes in three North Sea fields from energy giant BP.
Serica Energy in fourth Bruce and Keith acquisition
Oil firm Serica Energy has announced a second deal in two days for stakes in the Bruce and Keith fields in the UK North Sea.
WATCH: Largest purpose-built artificial reef in the Southern Hemisphere
Australian-headquartered firm BHP has revealed the largest purpose-built artificial reef in the Southern Hemisphere off Exmouth in Western Australia.
TEMS secures £1m services deal with Murphy Oil
Aberdeen-based TEMS international has been awarded a £1million contract with US explorer Murphy Oil.
Shell, Blackstone to bid for BHP’s shale division, report says
Shell and private equity firm Blackstone have agreed to make a joint takeover bid for the US shale division of BHP, the world's biggest miner, a news report said.
Proserv toasts £3m-worth of new Asia Pacific work
North-east energy service firm Proserv said yesterday it had won £3million-worth of contracts in the Asia Pacific region.
Woodside eyes LNG boost after $400m gas deal with BHP
Woodside Petroleum Ltd. may look to funnel gas from the Scarborough field off Western Australia to one of its existing liquefied natural gas plants after agreeing to a $400 million deal to buy half of BHP Billiton Ltd.’s stake in the remote offshore resource.
BHP cuts US shale rigs as oil to iron ore prices slip
BHP Billiton Ltd. (BHP), the biggest overseas investor in US shale, will cut the number of its rigs there by about 40% as plunging petroleum prices add to concerns about lower iron ore earnings. Drilling and development spending on US onshore oil and gas fell to $1.9 billion in the six months to December 31 from $2.1 billion a year ago, the Melbourne-based company said today in a statement. BHP will cut the number of active rigs to 16 from 26 by July, it said. Brent crude, a benchmark for more than half of the world’s oil, declined 48 percent last year as increasing output in the US contributed to a global glut.