Exclusives

Eni Discovers Supergiant Gas Field Offshore Egypt

Zohr 1X NFW was drilled to a total depth of about 4,131 m (13,553 ft)) and hit 630 m (2,067 ft) of hydrocarbon column in a carbonate sequence of Miocene age with excellent reservoir characteristics (more than 400 m of net pay), Eni said in a news release.

Schlumberger, Cameron, OneSubsea, merger, Paal Gibsgaard, Jack Moore, oil, gas, services, oilfield

Schlumberger, Cameron Merger Would Create One-Stop Shop

Top executives believe the merger creates growth opportunities that could lead to a common operating system for both the surface and subsurface, while expanding Cameron’s presence worldwide.

Schlumberger, Cameron International, 15 billion, merger, oilfield services, subsea

Schlumberger, Cameron Look To Meld Science, Tech In $15 Billion Merger

The transaction will expand Schlumberger’s revenue base by more than 20%, Paal Kibsgaard, the company’s CEO and chairman, said in a press call. Schlumberger expects cost synergies of $900 million over two years.

Cobalt, offshore, Angola, Sonangol, GoM, Brackett

Cobalt Leaves Angola Coast For Gulf Of Mexico In $2 Billion Deal

Cobalt International made huge discoveries in a seven-year period offshore Angola but cedes interest after a federal investigation, low oil prices and uncertainty for all oil producers.

Partnership Pursues Innovation In Quest To Lower Methane Emissions

The Climate & Clean Air Coalition Oil & Gas Methane Partnership said it has identified several low-cost, quick-payback projects that lower methane emissions.