Chevron Corp. is abandoning its $33 billion offer for oil driller Anadarko Petroleum Corp., the culmination of a month-long bidding war in which Occidental Petroleum Corp. prevailed over a rival five times its size.
Offshore accommodation vessel owner Prosafe reported a loss for the start of the year amid “modest” tendering activity.
The German government has made a formal objection to Shell’s plans to decommission the Brent field in the North Sea.
Aberdeen energy services firm Wood has appointed a 40-year veteran of the oil and gas industry as its new chairman.
Equinor’s UK boss has insisted Brexit “has not killed appetite to invest” in the North Sea.
North Sea helicopter pilots working for CHC have voted to take strike action following a pay dispute.
A Norwegian geological and geophysical market leader has underlined its commitment to the future exploration of the North Sea by opening an office in Aberdeen to serve its existing and new clients on the UKCS.
Following a period of relatively low deal activity, in 2018 we started to see an uptick in deals – but that has paused slightly since the oil price fall at the end of 2018. Are there more deals to be done, or has oil price volatility cooled off the M&A market? What do the trends and themes seen in some of the latest UKCS M&A deals tell us?
Scotland is synonymous with globally significant innovation, having brought the world television, the telephone, the steam engine, anaesthesia, radar, the cash machine and the world’s first mammal cloned from an adult stem cell – Dolly the sheep.
As the global industry assembles in Houston for the Offshore Technology Conference, it will be in the midst of a quiet American revolution.
Anderson Anderson & Brown Corporate Finance (“AABcf”) are delighted to share with you our quarterly Deals+ update for Q1 2019 in conjunction with Energy Voice, highlighting selected Oil & Gas M&A and Fundraising transactions across the UK.
Commercial divers operate in some of the most dangerous and extreme conditions of any industry.
It’s no secret that new technology is vital to the oil and gas industry – the number of patent applications for downhole technology filed annually at the European Patent Office has increased by 50% since 2009.
As many North Sea oil and gas assets reach the end of their productive lives, decommissioning is increasingly on the C-Suite agenda.
Recent economic challenges in the upstream sector have created a new wave of opportunity and optimism in the North Sea.
BP has approved another expansion to one of the largest oil fields in the US Gulf of Mexico.
A new water injection well has been drilled to boost production from Ithaca’s Cook field in the North Sea.
Plans for a multi-million-pound global underwater engineering “hub” in Aberdeen could see the Granite City become the focal point of UK expertise in renewable energy acquaculture, defence and oil and gas subsea technologies, it emerged yesterday.
Oilfield services firm Craig International has won a North Sea contract worth around £20million with BP.
Like the majority of the work the UK underwater engineering industry carries out, its contribution to the economy has been largely hidden from view nationally.
Deep-water Gulf of Mexico has always been about making the impossible possible, according to Rick Tallant, Shell’s vice-president of production for the region.
The agenda for this year’s Offshore Technology Conference (OTC) in Houston can be compared to the strategies of most oil and gas majors.
As many prepare to head across to Houston for 50 years of OTC, it’s worth noting that, while there will be a Golden Anniversary Gala Dinner to mark that milestone, the opening session of the conference is about the next 50 years for our industry.
With North Sea oil and gas production reaching its highest point in the last seven years, it is no surprise that the last year has been Tendeka’s strongest in the UK to date.
‘Going the distance’ is the theme of OTC this year as the annual conference celebrates its 50th anniversary – a pivotal exhibition for the UK oil and gas industry to showcase its capabilities on an international stage.