IS - People & Companies - March 24, 2020Neptune Energy hired Alexandra Thomas as its managing director for the UK. Thomas previously worked for Tullow Oil, where she was the head of exploration, development and commercial for Ghana. She has 18 years of experience in the oil and gas industry and previously worked for Shell and Equinor before joining Tullow. Premier Oil said Elisabeth Proust will join its board as an independent nonexecutive director on April 1. Proust will be a member of the health, safety, environment and...
Mar 24, 2020
IS - Repsol weighs the sale of Malaysian upstream portfolio - January 2020Repsol is reportedly considering a potential sale of its upstream assets in Malaysia, sources told Bloomberg. Repsol’s strategic review is still in the early stage and it could choose to retain the assets, the Jan. 10 report said. Repsol’s assets in Malaysia consist of five production and development blocks and one exploration block covering a total of 3,126 sq km. The company holds an operated 60% WI in Kinabalu field off Sabah in the Malaysian Basin with partner Petronas owning the...
Jan 21, 2020
OFS - BHGE to start construction of liquefaction for Venture Global - August 2019Baker Hughes, a GE company received its final notice to proceed from Venture Global LNG to build 10 mtpa of liquefaction for the Calcasieu Pass facility in Louisiana. Venture Global reached the final investment decision and financial close on the project on Aug. 19. Under a supply agreement that the companies reached in March, BHGE will provide the modular liquefaction trains as well as power generation and electrical distribution equipment for the Calcasieu Pass project in Cameron...
Aug 28, 2019
CS - Questerre expects fourth Kakwa North well this summer - May 2019Questerre Energy reported the first two farm-in wells at is Kakwa North asset were
tied in during Q1 and that initial production from the wells compares favorably to its other
JV wells. The operator spudded the third farm-in well in Q1.
The company anticipates that it could spud a fourth farm-in well this
summer. Questerre holds a royalty interest in all farm-in wells, converting to
a 50% WI after payout. Upon completion of the earning, the operator will earn
a 50% interest in the company’s...
May 29, 2019
OFS - Dril-Quip’s Q1 product bookings beat expectations by 24% - April 2019Product bookings for Dril-Quip Inc. exceeded expectations in Q1, reaching
$99 million versus prior guidance of $80 million. The bookings included a $25-35 million
order by BP to supply subsea wellhead systems.
Delivery of these systems is expected to begin in Q4 and continue into
1H21. This order is placed under the global agreement between BP and DrilQuip for supply of equipment and services, established in 2013 and recently
extended until 2023. Dril-Quip announced
the order in a March...
Apr 23, 2019
Africa leads upstream deals in last few weeksThere has been US$4.7 billion in M&A across 37 deals in disclosed upstream international deals so far in Q4, bringing the YTD total to $36.5 billion across 226 deals, down from the $50.5 billion and 254 transactions by this point in 2017. Africa has seen the highest deal volume in the last few weeks, led by Petrobras’ $1.4 billion sale of its African oil business through the divestment of its 50% holding in Petrobras Oil & Gas BV (POGBV) to a consortium led by global oil trader Vitol Group...
Nov 14, 2018
OMV sells in Tunisia and expands in RomaniaIn addition to acquiring half of Sapura Energy’s upstream subsidiary, OMV also recently divested a portion of its assets in Tunisia to Oslo-listed Panoro Energy, and recently expanded its position in Romania through consolidating its subsidiary OMV Petrom’s ownership of four onshore blocks in a deal with Repsol. For London-based independent Panoro, the move follows its acquisition of DNO’s Tunisian subsidiary in late June, as it seeks to build a “balanced full-cycle E&P company focused...
Nov 14, 2018
ID - People & Companies - October 03, 2018Gulf Keystone named Kimberly
Wood non-executive director effective
Oct. 1. Wood, who is also a nonexecutive
director at Africa Oil Corp., will leave her
role at Norton Rose Fulbright, where
she was head of the oil and gas division. Karoo Energy elected Darren
Hopkins non-executive director. Hopkins
is a chartered accountant with Big 4
experience including roles at Ernst &
Young and PKF Littlejohn. Norwest Energy NL appointed
Bennett Greenhalgh as corporate counsel
and...
Oct 03, 2018
IS - FSU & Eastern Europe Briefs -December 31,2019Gazprom Neft has brought in Repsol as a JV partner to conduct geological exploration at six blocks in the Karabashsky zone of the Khanty-Mansi Autonomous Okrug in Russia. Repsol will acquire 50.1% WI in the JV with Gazprom Neft retaining 49.9%, and the partnership will be managed by both companies on an equal footing. The initial work plan consists of a 2D seismic survey next year. PGNiG entered a joint venture with Ukrainian company ERU Management Services to explore a license area in...
Dec 31, 2019
OFS - Contracts Briefs - November 19, 2019DOF Subsea said it won multiple contracts offshore Trinidad and Tobago as well as in the Gulf of Mexico from unidentified clients. DOF’s Skandi Neptune offshore construction vessel will participate in a threeyear frame agreement for inspection, maintenance and repair and light construction services in Trinidad. The vessel will begin operations in late November. Several contracts in the GOM will keep the company’s Harvey Deep Sea vessel busy in support of IMR, subsea installation and...
Nov 19, 2019
CM - New Briefs - October 4, 2019Petroteq Energy Inc. closed more than $2.4 million in financings as of Sept. 17 to fund extraction technology in Asphalt Ridge, Utah, and for working capital. It has issued more than 15.5 million common shares and 1.1 million warrants in various rounds and sold $240,000 of 7% unsecured debentures convertible into 952,380 common shares at $0.21 each after 15 months. Raisa Energy LLC announced that it had securitized oil and gas wells, “establishing a distinct, new asset class” and...
Oct 04, 2019
OFS - Contracts Briefs - September 17, 2019Petrofac has received an extension of its 2016 contracts in support of Repsol and Sinopec’s UK North Sea JV. The company will provide engineering support services as a Tier 1 contractor for brownfield modifications and projects across the JV’s operated assets and Flotta terminal. The JV also granted contract extensions to Wood plc, PD&MS Group, Step Change Engineering, Global E&C and R&M Engineering. Seadrill Ltd. secured a one-year charter extension, valued at about $74 million,...
Sep 17, 2019
OFS - People Briefs - March 12, 2019Nabors Industries expanded its
board to seven members and appointed
Anthony Chase to fill the
vacancy. Chase is the CEO
of ChaseSource, a Houstonbased staffing and real estate development
firm, and was a founder of mobile phone
provider Cricket Wireless. Chase
has served as a director of Anadarko
Petroleum Corp. and Paragon Offshore. Dril-Quip Inc. announced that James
Gariepy, who served as SVP and COO
since 2011, retired March 1 after
15 years with Dril-Quip. The
board has appointed...
Mar 12, 2019
IC - News Briefs - January 16, 2019Seeking to raise up to £2.16 million,
synthetic heavy oil producer Quadrise
Fuels International plc extended its open
offer started in December through Jan. 21.
It is offering up to 86.2 million new ordinary
shares at 2.5p on the basis of one new share
for every 10 owned by holders of record Dec.
5, 2018. As of Nov. 30, 2018, Quadrise had
£1.2 million in cash and £220,000 in monthly
expenses. Should it not receive cash by the
end of January, the board would considering
winding down operations....
Jan 16, 2019
OFS - Contract Briefs - October 24,2018Noble Corp. secured two-month contracts starting in early November for two of its idled drillships, according to its latest fleet status report. Both vessels will be able to collect a new undisclosed dayrate on top of idling payments by Royal Dutch Shell. The Noble Globetrotter 2, which is warm-stacked off Bulgaria with Shell paying $185,000 per day through 2019, will work Total. The Noble Don Taylor, idled by Shell in the Gulf of Mexico at $420,000 per day into February 2019, will work for...
Oct 24, 2018