Shell and Exxon in talks to buy Maersk FPSO
Oil giants Shell and Exxon are looking to buy a floating production vessel off a subsidiary of Danish group AP Moller Maersk.
producing oil
FPSO upgrade delays Ithaca’s Athena
Oil and gas firm Ithaca Energy said today start up on its North Sea Athena development had been set back due to delays converting the floating production vessel earmarked for the field.
Sakhalin-1 drilling ops set yet another record
EXXONMOBIL has successful completed the first two extended-reach wells at the Odoptu field offshore eastern Russia, employing one of the world's most powerful land-based rigs.
Providence buoyed by well’s potential
IRISH oil and gas operator Providence Resources said yesterday it had achieved better-than-expected results from a development well on its onshore Singleton oil field near Chichester in West Sussex.
Oilexco boss enters bid for ONS assets
The chief executive of Canadian oil company Oilexco was yesterday said to be bidding for some of the assets of its subsidiary, Oilexco North Sea (ONS), which went into administration last month.
E&Y hoping for quick sale of ONS
All offers are now in from companies interested in taking over the operations of oil and gas firm Oilexco North Sea (ONS), which went into administration last month.
‘Business as usual’ as buyer for North Sea firm is sought
Ernst and Young was appointed yesterday as administrator for oil and gas company Oilexco North Sea (ONS).