The country’s first auction of 2017 will offer onshore areas. The government will also auction post-salt and presalt areas.

In  a separate press release, Statoil reported Jan. 17 that it made a new oil and gas discovery near Norne that could hold between 20 million barrels (MMbbl) and 80 MMbbl of resources.

ExxonMobil, acquisition, Permian Basin, Bass family owned, Delaware Basin, oil, natural gas, merger

The acquisition is expected to add 3.4 Bboe, bringing ExxonMobil’s Permian resource base to 6 Bboe, the company said.

With the acquisition, Chart’s current services will now include welding services including mission-critical repair and construction and fabrication. 

As a result of the combination, Noble will become the second-largest acreage holder in the Delaware Basin with nearly 120,000 net acres in the Delaware core

Anadarko Petroleum, deal, acquisition, divestiture, Sanchez Energy, Blackstone, Eagle Ford, shale

Sanchez and private-equity company Blackstone Energy will pay in equally for 155,000 net acres in the Eagle Ford while Anadarko looks to spend in the D-J and Permian basins.

Tullow estimated the development phase of the project would cost $5.2 billion, of which $3 billion will be required to reach first oil production, Reuters reported.

Earlier treaties that established a joint petroleum development area with revenue split 90% to East Timor and 10% to Australia, which govern production from the Bayu-Undan Field run by ConocoPhillips, will remain in place, Reuters reported.

Based in Houston, OPT is a provider of offshore riser systems and components, proprietary threaded connections and other products, with a focus on deepwater Spar and TLP Systems.

The adjusted effective disposition date is Jan. 1, and the transaction is scheduled to close Jan. 18. The purchaser provided Kelt a CA$10 million deposit that will be held in escrow until closin

Subsea services group Acteon acquired Bruce Anchor, boosting its ability to provide  temporary and permanent mooring systems. The acquisition was completed Dec. 21, 2016. 

The addition of Peak strengthens the Schlumberger Production Services portfolio with a broader offering of mechanical services to its global customers