Tullow puts a Spring in its step
Africa-focused oil and gas firm Tullow Oil is to buy a Norwegian exploration firm plus sell off southern North Sea fields in a move to refocus its portfolio, it said today.
non-core assets
Parcom snaps up GustoMSC
Struggling SBM Offshore has agreed to the sale and transfer of GustoMSC to Parcom Capital for about $185million as part of its divestment of non-core assets. SBM said the purchase price will be paid in cash at closing.
SBM Offshore offloads GustoMSC
Floating production vessel firm SBM Offshore said it has agreed to sell its Dutch GustoMSC subsidiary.
Centrica to invest £700m in upstream oil and gas activity
Energy group Centrica said yesterday it would be spending around £700million this year on its upstream oil and gas business.
Gas group Centrica slimming down North Sea portfolio
Centrica confirmed yesterday it was moving to slim down its North Sea portfolio following the £1.3billion deal to take over Aberdeen-based Venture Production last year.
Oil group agrees £375m deal for non-core assets
Noble Energy says it has agreed to sell some non-core assets in America for about £375million, without revealing who the buyer will be.
Buoyant outlook as companies continue the hunt for talent
While the recovery may be slower than anticipated by some offshore leaders, it is happening, and 2011 has the makings of a decent year, according to a survey by Maxwell Drummond International.