Japan’s state-backed E&P Inpex Corp. joined Total SA in developing the main onshore oil deposits in United Arab Emirates, Bloomberg said.
Abu Dhabi holds about 6% of global oil reserves.
According to Financial Times, the U.K. government opposes any takeover of BP Plc by foreign companies, Bloomberg said. The government cannot block any acquisition. Speculation about industry consolidation has grown.
Tullow said the project is more than 55% complete with all 10 of the wells expected to be online at first oil already drilled.
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.