News - Oil & Gas

Talos, Pan American to cross-assign stakes in offshore Mexican blocks

Talos Energy has entered into a deal with Hokchi Energy, a subsidiary of Pan American Energy, to cross assign its participating interest (PI) in Block 2 and the latter’s PI in Block 31, both located in the Sureste Basin offshore Mexico.

UKOG declares Horse Hill Portland oil field as commercially viable

UK Oil & Gas (UKOG) said that its subsidiary Horse Hill Developments (HHDL), the operator of the HH-1 Kimmeridge Limestone and conventional Portland Sandstone oil discovery, considers the Portland oil field to be commercially viable following the successful Portland Extended Well Test (EWT) program.

BP begins production from Thunder Horse Northwest Expansion project

BP has commenced production from the Thunder Horse Northwest Expansion project in the deepwater Gulf of Mexico.

MEG Energy turns down $5bn takeover offer from Husky Energy

Canadian oil sands producer MEG Energy has turned down a recently made C$6.4bn ($5bn) takeover proposal from Husky Energy.

Equinor to sell stake in Tommeliten discovery to PGNiG

Equinor has agreed to offload its non-operated stake in the Tommeliten Alpha field in the southern part of the Norwegian Continental Shelf (NCS) to Polish state-controlled oil and gas company PGNiG for $220m.

Stork secures UK offshore asset integrity contract extension from Chrysaor

Fluor has announced that Stork, part of Fluor’s diversified services segment, was awarded a two-year contract extension by Chrysaor for its Armada, Everest and Lomond offshore production platforms.

Earthstone Energy to buy Sabalo’s Midland Basin assets for $950m

Texas-based Earthstone Energy has agreed to acquire certain oil and gas assets in the northern Midland Basin in the US from Sabalo Holdings for around $950m.

Van Oord secures offshore contract for West White Rose project

Van Oord has secured a contract to provide offshore installation works for the West White Rose Project of the east coast of Newfoundland, Canada.

Jupiter secures funding commitment from Charon for 1,094km crude oil pipeline

American midstream company JupiterMLP has secured a funding commitment from Charon System Advisors for the construction of the 1,094km, 1,000,000bpd capacity Jupiter Pipeline from the Permian Basin to the Port of Brownsville, Texas.