An Aberdeen-based provider of predictive analysis services has appointed a leading figure in the oil and gas industry to its management team.
Transocean’s planned $3.4billion takeover of Songa Offshore will create one of the world’s biggest offshore vessel contractors.
A group of North Sea stalwarts have set up a business which will take the sting out of subsea well decommissioning costs – and create hundreds of jobs.
Repsol Sinopec Resources UK has unveiled a dramatic new contract strategy which will see up to 750 North Sea workers transferred to new employers.
Talisman Sinopec Energy UK has had a further rebrand changing its name to Repsol Sinopec Resources UK Limited.
Chinese energy conglomerate Sinopec has served an arbitration notice to Spain's Repsol demanding around $5.5 billion in compensation over a 2012 joint venture.
CNR International is said to be considering pulling Sky TV from its North Sea assets.
Sky television has been reinstalled on Talisman’s North Sea assets after it was pulled last year to save costs.
A group of North Sea operators have come together to improve efficiency with the launch of a trial scheme to share 200,000 inventory items.
Repsol cut its dividend for the first time since 2009 as its acquisition of Talisman Energy turned sour amid the crude-market rout.
A North Sea platform has been down manned after a power outage.
Repsol has sold its piped gas business in the north of Spain to EDP Group and Gas Extremadura for €136million.
The legal name of Canadian oil and gas producer Talisman Energy has been changed to Repsol Oil & Gas Canada Inc.
Pacific Exploration and Production has acquired a 50% remaining interest in the CPE-6 block from Talisman in Colombia. The company said the deal for the onshore block is worth $48million.
This incredible footage shows Talisman Sinopec UK’s Montrose topside being constructed at Heerema’s fabrication yard in the Netherlands.
Repsol aims to sell more than €6bn ($7.1billion) of assets and reduce capital spending over next five years as part of the new strategy which will seek to protect its investment grade rating and dividend from the slump in prices in the past year.
Repsol plans to reduce its headcount by 1,500 position over the next three years in a bid to streamline costs. The move comes in the same week oil major Shell said it would be cutting 1,300 jobs over the next two years in Malaysia.
Spanish oil major Repsol has reached an agreement to sell the 10% stake it held in oil storage firm Compañía Logística de Hidrocarburos (CLH) to investment company Ardian for 325million Euros.
Repsol SA, Spain’s largest oil company, will transfer the chief executive officer of its Brazilian operations to the US to help integrate Talisman Energy Inc. into its operations, according to two people familiar with the decision. Tomas Garcia Blanco, who took over the Brazilian operations less than a year ago, will help oversee integration of Calgary-based Talisman’s North American assets after the $13 billion acquisition is completed on May 8, one of the people said, asking not to be identified before a public announcement. Garcia Blanco, who will be based in Houston, was head of exploration and production at Repsol’s YPF SA unit until the Argentine government nationalized it in 2012.
Talisman Energy has been granted a court order which will allow its acquisition by Spanish company Repsol to go ahead. Last week, the firm's shareholders approved the arrangement, under which Repsol will purchase all of the outstanding shares of Talisman.
Talisman Energy Inc., the Canadian producer being acquired by Spain’s Repsol SA, reported about $1.37 billion in one-time charges for the fourth quarter as it reduced the value of certain assets because of slumping crude-oil prices. “The company partially impaired its investment in the Eagle Ford by $614 million due entirely to price declines, and fully impaired its investment in Block K44 in the Kurdistan region of Iraq by $234 million after determining that future investment in a capital constrained environment was unlikely,” Calgary-based Talisman said in a statement on Marketwired Tuesday. It also wrote down North Sea assets and a joint venture with Colombia’s Ecopetrol SA.
This week's most read story on Energy Voice was the news that Talisman Sinopec was following in the footsteps of a number of companies by considering a change to three on, three off shifts. The move has already been made by Apache and is also being considered by Marathon Oil. A spokeswoman for Talisman Sinopec said:“Following a working group review, Talisman Sinopec proposes to move to a 3/3 rota, which would deliver essential cost efficiencies in a safe manner.
A Talisman Energy Inc (TLM) shareholder sued to stop the proposed $8.3 billion sale of the Canadian explorer to Repsol SA (REP), saying the price undervalues the company. Spain’s largest energy company agreed last month to pay shareholders of Calgary-based Talisman $8 (C$9.87) in cash for each share they own, a 60% premium to the company’s 30-day weighted average price as of December 16. Shareholder James Baqleh sued January 20 in New York state Supreme Court in Manhattan seeking to stop the acquisition, saying the transaction is “grossly inadequate” and investors would be “irreparably damaged” if it’s completed, according to court filings.
Talisman Sinopec said 300 jobs from its North Sea operations are set to go. The company, which has around 3,000 staff in the North East of Scotland, said the losses include 100 employees and 200 contractors. The move follows companies including Schlumberger and BP who both announced last week they would cut a number of positions.
Drilling company Archer has received an early termination notice from Talisman Sinopec Energy UK for its modular rig. The Archer Emerald had been contracted out by the company in a two-year contract deal worth $96million and was scheduled to begin in the first quarter of 2016.