Central Area Transmission System’s riser platform is next to Everest platform, Block 22/10. Pipeline connects riser platform to Seal Sands, Teesside, gas terminal. CATS transports 8% of UK’s gas demand.
The royalty lands, which generate revenue from other companies’ drilling, are located across Alberta, Saskatchewan and Manitoba. Deal could raise C$1.6 billion ($1.3 billion), according to an analyst’s estimate.
Canada-based Marksman serves collision avoidance, wellbore intercept, coalbed methane and other complex drilling markets. Houston-based Scientific Drilling’s passive ranging solution, MagTraC MWD Ranging, has been used around the world.
The shares of Norwegian subsea technology company Seabox were acquired from a group of shareholders led by HitecVision. The acquisition’s financial terms were not disclosed.
The geo-consulting business line of Paris-based CGG acquired Calgary, Alberta-based Taurus Reservoir Solutions Ltd. Taurus provides conventional and unconventional reservoir and geomechanical simulation, engineering technology and consulting services.
Houston-based ConocoPhillips might sell stakes in the Aasta Hansteen, Alvheim and Grane fields, people with knowledge of the private matter told Bloomberg. The fields are operated by other E&Ps.
U.S. Interior Secretary Sally Jewell said Arctic drilling mishaps taught Shell better management of companies handling its critical offshore aspects, Bloomberg said. Interior Department recently confirmed Shell’s Alaska exploration lease.
Eldar Saetre didn’t comment on Statoil’s deals strategy, but speculated more deals will follow Shell’s purchase of BG, Bloomberg said. Sellers’ high valuation expectations are problematic, he said.
As reported March 2, Petrobras approved a US$13.7 billion 2015 to 2016 divestment plan. It is part of financial plan to reduce leverage, preserve cash flow and prioritize investments.
Oil and natural gas company South Bay Resources Canada has properties in central Alberta. Sayer Energy Advisors was engaged to assist with a strategic alternatives process.
Anadarko and project partners estimate there is 75 Tcf of exploitable gas offshore Mozambique, Bloomberg said. The Rovuma Basin could hold 120 Tcf technically recoverable reserves, a consultant said.
The nearly-285,000 gross acre license is northwest of PL032 license, which includes the Sea Lion oil discovery. Argentina recently filed criminal charges against Noble and other E&Ps in the Falklands.