Blackstone Energy Partners Acquires Ulterra Drilling Technologies
Blackstone Energy Partners announced today that it has entered into binding agreements to acquire a controlling, majority interest in Ulterra Drilling Technologies from affiliates of American Securities LLC.
Brazil Becomes Core Ares for Equinor
With daily oil production of over 90 000 barrels per day from current fields and with expected investments of more than 15 billion USD until 2030, Brazil has become a core area for Equinor.A press release…
Aker Solutions to Acquire Majority Stake in Brazil's C.S.E.
Aker Solutions agreed to buy 70 percent of Brazilian C.S.E. Mecânica e Instrumentação Ltda, with an option to purchase the remaining 30 percent of the company three years after the expected close of the transaction by the end of the first quarter of 2017.
Austin Starts Drilling on Marco Polo #1 Well
Austin Exploration Limited (ASX: AKK) (Austin or the Company) announced that the Math Energy Drill rig has been successfully mobilised to the Marco Polo well site and the second phase of drilling on the Marco Polo #1 well has commenced.
Delek Buys $66 mln Stake in Ithaca Energy
The investment arm of Israeli gas firm Delek Group has acquired a near 20 percent stake in North-Sea focused oil producer Ithaca Energy for $66 million, the companies said on Friday. The deal underlines investors…
Extra-long Frac Sand Train Lands into Eagle Ford Shale
Twin Eagle Sand Logistics, LLC, a subsidiary of Twin Eagle Resource Management, LLC, has landed its first 130 car frac sand unit train at Mission Rail in Elmendorf, Texas, which is in the heart of the Eagle Ford Shale.
Warburg Pincus Invests Up to $500m in Navitas
Warburg Pincus LLC, the New York-based private equity firm, is investing up to $500 million in oil and natural gas pipeline company Navitas Midstream Partners. Woodlands, Texas-based Navitas will have access…
North Sea Drilling, Deals To Remain Slow
High operating costs and dwindling reserves will result in low drilling activity and few takeover deals in the North Sea over the coming year, consultancy Deloitte said in a quarterly report on Thursday. Well…
Divorce Costs Could Sour Scotland's North Sea Hopes
Scottish nationalists are betting $2.5 trillion of hydrocarbons trapped miles beneath the North Sea could bankroll an independent Scotland, but winning control of the European Union's largest oil reserves would be no blank cheque.
