In Repsol's 2016-2020 Strategic Plan, unveiled today, the company vowed to cut spending by 38% and divest US$7.1 billion (€6.2 billion) in non-strategic assets. The company said it expected to make half of those divestments in the next two years…
Archer (UK) announced the award of a three-year contract with two, two-year extension options, for the provision of platform drilling services for Talisman Sinopec Energy UK. The contract, which is scheduled to commence on 1 November 2015…
Wood Group has been awarded the front end engineering and design (FEED) contract for the subsea development of the Talisman Energy Ca Rong Do (Red Emperor in Vietnamese) field offshore Vietnam; estimated to contain around 67 MMboe. Wood…
Denmark's Maersk Drilling has been awarded a new contract for the jackup rig Mærsk Giant with Danish energy utility DONG Energy. The firm contract covers 150 days of work on the Nini and Siri field in the Danish part of the North Sea…
Wintershall, a 100%-BASF subsidiary, plans to optimize its portfolio by selling to Tellus Petroleum its interest in assets in four non-operated fields in a US$602 million deal. The fields include Knarr (where Wintershall owns a 20% interest)…
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…
Talisman Energy's Snømus exploration well in the Norwegian sector of the North Sea has been classified as dry. The 15/12-24 S Snømus well - the first exploration well on production license 672 - was drilled in 86m water depth using…
Spain’s Repsol is rolling out a new organizational structure following the acquisition of Canadian oil company Talisman Energy that places Repsol as one of the world’s largest private oil companies. Imaz…
Sweden-based oil and gas exploration and production firm Lundin Petroleum recruited former Talisman Energy VP Nick Walker as senior vice president development and operations. Walker will join North Sea and Malaysia focused Lundin with…
Zeta Energy is offering up US$22.5 million for an unconditional takeover offer for Pan Pacific Petroleum NL (PPP). Map from PPP. The offer equals to $0.04 (A$.05) per share and will be made as an on-market cash offer…
Statoil and its partners temporarily halted drilling on the Veslefrikkin field in the North Sea. The Veslefrikkin field. From Statoil. Veslefrikk lies in Norwegian North Sea block 30/3 in production license 052…
The Petroleum Safety Authority Norway granted Talisman Energy Norge AS consent for exploration drilling of well 15/12-24 at the Snømus prospect. Image of the Maersk Giant jackup. From Maersk. The well is located in production license 672…
Talisman Energy shareholders approved Spain’s Repsol to take over the Canadian company for an estimated US$8.3 billion. Image from Repsol. In an overwhelming vote of more than 99%…
Private equity group Epi-V has taken on Talisman Sinopec Energy UK CEO Geoff Holmes to lead its FourPhase portfolio company CEO as it looks to grow its global portfolio. it has also taken on Expro director Tony Kitchener, as Chairman…
UK-based oilfield services company Archer has received a 30-day notice of early termination of its modular drilling rig contract for the Archer Emerald from Talisman Sinopec Energy UK. The effective date of termination is expected as the 29 of January 2015…
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