Oil and gas industry news

Subsea 7 has bagged a contract from Royal Dutch Shell for the Pierce Depressurisation Project at the Pierce Field in the North Sea, located nearly 160 miles offshore, east of Aberdeen in Scotland. The contract price is in the range of $50-150 million, said the UK-based subsea engineering, construction, and services company. Under the Pierce […]

Citizen Energy acquisition of Roan Resources : Tulsa-based Citizen Energy Operating, a portfolio company of Warburg Pincus, has signed a $1bn deal to acquire Oklahoma City-based onshore oil and gas company Roan Resources. The total consideration for the deal also includes the assumption of Roan Resources’ net debt of around $780m by Citizen Energy. As […]

Subsea 7 acquisition of 4Subsea : Subsea 7, a UK-based subsea engineering, construction and services company, has acquired Norwegian subsea solutions provider 4Subsea for an undisclosed price. 4Subsea offers technology and services that help oil and gas, and offshore wind operators across the world in making key decisions. The Norwegian subsea solutions provider is said […]

Saipem has bagged a subsea service contract from Equinor for deploying a wireless underwater intervention drone and a remotely operated underwater vehicle (ROV) at the Njord oil field in the Norwegian Sea. The Njord oil field, which was in production from 1997 to 2016, is slated to resume production next year and will use the […]

Chevron and its partners have agreed to move ahead with a waterflood oil recovery project in the St Malo oil field in the US Gulf of Mexico. The St Malo oil field, which is located about 280 miles south of New Orleans in Louisiana, has an estimated production life of another 30 years. The waterflood […]

Samson Resources II has completed the sale of its Greater Green River basin assets and certain non-core Power River Basin assets in Johnson County, all in the US state of Wyoming to undisclosed buyers in separate agreements. The Oklahoma-based onshore exploration and production company said that the effective date of the sale was 1 July […]

Ridgewood acquisition of SiEnergy : US infrastructure investor Ridgewood Infrastructure has acquired Texan natural gas utility SiEnergy and its affiliated entities for an undisclosed price, as per the latest downstream oil and gas news. SiEnergy is claimed to be one of the leading regulated natural gas distribution companies in Texas, catering to nearly 25,000 customers […]

Thailand’s national oil company PTTEP has awarded Halliburton a digital transformation contract under which the latter will provide its Digital Well Program technology for automation of drilling, and also for completions and engineering processes across the well lifecycle. Digital Well Program, which is an application within DecisionSpace 365, is claimed to transform the way wells […]