UK-based explorer Ophir Energy announced today (6 July) that it will shutter five of 11 offices and reduce its staff as part of a cost reduction program put in place following its acquisition of Salamander Energy. Ophir said the cost…
Upstream oil and gas deals activity, including capital markets and mergers and acquisitions, totaled US$23.5 billion from 114 transactions in May 2015, an almost $75 billion drop in value from the $98.4 billion achieved across 111 deals in April 2015…
US-based Verisk Analytics completed the US$2.8 billion (£1.85 billion) acquisition of UK-based Wood Mackenzie (WoodMac), the data analytics and commercial intelligence company for the energy, chemicals, metals and mining verticals. “We’re pleased to have completed the acquisition of WoodMac…
Schlumberger has completed the acquisition of about 2750sq km of two new full-azimuth multiclient seismic surveys over the Garden Banks and Green Canyon areas in the Gulf of Mexico. Both shoots are the initial phase of the Revolution X and Revolution XI surveys and will provide full-azimuth…
Canada-based, North Sea-focused independent exploration firm Iona Energy has appointed two industry veterens to its ranks and said it plans to go on the acquisition trail as part of growth plans. Former Ithaca Energy CEO Iain McKendrick…
Norway's Norwegian Petroleum Directorate (NPD) has collected 5600km 2D seismic in the northern Barents Sea since July 18, it said today. The acquisition is a continuation of the acquisitions which the NPD has conducted in the southeastern and northern Barents Sea since 2011…
Houston-based ION Geophysical Corp. has agreed to acquire 100% ownership of ocean bottom seismic acquisition company OceanGeo BV. In February 2013, ION acquired 30% of OceanGeo, then increased its ownership to 70% in January 2014…
Seismic acquisition firms PGS and TGS are working together to expand 2D seismic coverage offshore eastern Canada ahead of a new tenure round in the area, while EMGS signed a multi-client license agreement with Nalcor Energy (see below) covering the Flemish Pass basin…
Australia's infrastructure & environmental services consultancy Cardno Ltd. reported its largest acquisition to date with the purchase of the PPI Group of companies (PPI) headquartered in Houston, Texas for US$145 million. Cardno CEO…
WesternGeco and PGS have been awarded contracts for a joint industry seismic acquisition in the southeastern Barents Sea. The surveys cover blocks proposed for the 23rd concession round by the Norwegian Ministry of Petroleum and Energy (MPE) and will in total cover about 13…
Intertek Group has acquired International Inspection Services Ltd (INSPEC), a UAE-based provider of non-destructive testing (NDT) and associated services to the oil and gas industry. Intertek bought INSPEC from Lamprell Energy, a subsidiary of rig builder Lamprell…
The project for joint seismic acquisition in the southeastern Barents Sea has been joined by a further 16 companies. In total, 33 companies are now part of the project, which will secure good data quality and low acquisition costs. A…
A group comprised of 17 oil and gas companies, led by Statoil, has established a project for joint seismic acquisition in the southeastern Barents Sea. At the request of the Norwegian Ministry of Petroleum and Energy (MPE), the industry…
Glacier Energy Services boosts portfolio and specialist offering with acquisition of Ross Offshore International oilfield specialist Glacier Energy Services today confirms the acquisition of Aberdeen-based Ross Offshore in a multi-million pound deal…
National Oilwell Varco is looking to establish a major foothold in the flexible pipe business with the acquisition of Danish manufacturer NKT Flexibles, a joint venture between NKT Holding and Subsea 7 since 1999.The $670 million deal, announced early February…
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