The Abu Dhabi National Oil Company (ADNOC) have announced an investment of AED5.1bn ($1.4bn) to upgrade and expand its Bu Hasa oil field, located 200km south of Abu Dhabi city.
14 Nov 2018
13 Nov 2018
Eni has agreed to offload a stake of 20% in the Nour North Sinai Offshore concession (Nour block) in Egypt to Mubadala Petroleum for an undisclosed price.
06 Nov 2018
British oil and gas production company Serica Energy’s subsidiary Serica Energy (UK) has signed a sale and purchase agreement (SPA) to acquire additional interests in the Bruce and Keith fields as well as the associated infrastructure in the UK North Sea.
05 Nov 2018
Abu Dhabi National Oil Company (ADNOC) has secured regulatory approval for its 2019-2023 business plan and an investment of AED486bn ($132.33bn), aimed at ramping up its production capacity.
30 Oct 2018
Mach Resources and Bayou City Energy Management (BCE) have formed the BCE-Mach II partnership, which will focus on acquisition opportunities of low-risk, high cash flowing oil and gas properties with drilling inventory in the Western Anadarko Basin spread across western Oklahoma and the Texas Panhandle.
23 Oct 2018
Nostra Terra, a British oil and gas exploration and production company involved in the exploitation of hydrocarbon resources in the US and Egypt, has announced the acquisition of the Mesquite Prospect in the Permian Basin from Tall City Exploration III.
22 Oct 2018
US-based Cox Oil has completed its merger with Energy XXI Gulf Coast (EGC) having received all required regulatory approvals and the satisfaction of all conditions to deal.
15 Oct 2018
Equinor has signed an agreement with Aker BP to sell its 77.8% operated interest in the King Lear discovery for $250m in cash.
10 Oct 2018
Hibiscus Petroleum said that its subsidiary Anasuria Hibiscus UK (AHUK) has signed a conditional sale and purchase agreement with Caldera Petroleum (UK) to acquire a 50% stake in Block 15/13a and Block 15/13b under the Production License P198 for $37.5m.
09 Oct 2018
Equinor said that it has slashed the estimated investments for its operated offshore Norway projects in development phase by nearly NOK30bn ($3.62bn) since the submission of their development plans to Norwegian authorities.