Houston-based Harvest has tried twice to sell its Venezuelan assets. The company holds a 20% stake in Petrodelta, a joint venture with state-owned Petroleos de Venezuela SA, Reuters said.
In February, Schlumberger said it planned buying a 45.65% stake in Eurasia for about $1.7 billion, potentially becoming sole owner of Russia's most active oilfield services company, Reuters said.
Pertamina plans to invest around $2 billion annually into Mahakam, if given control. Target output is 1.2 Bcf/d to 1.5 Bcf/d of gas, Reuters said.
Offshore geosciences company Benthic received a contract to conduct a geotechnical investigation in the Sea Lion Field in the Bass Strait offshore southeastern Australia from Carnarvon Hibiscus Pty Ltd.
Mexico’s initial production sharing contracts will contain extended exploration periods for 14 shallow-water projects, Reuters said. Companies can meet test well requirements, said the head of Mexico’s national hydrocarbons commission.
Parent of refiner Sinopec Corp. will provide integrated oilfield services worldwide this year, chairman Jiao Fangzheng said. It also seeks an overseas acquisition for technologies, he said, according to Reuters.
C&J Energy Services Ltd. is led by current C&J management and will be based out of Bermuda. The transaction was originally announced June 25, 2014.
Western sanctions against Russia and Rosneft led Rosneft to cancel a roughly-$150 million contract for Northern Offshore’s Energy Endeavour jackup in the Russian Arctic, Reuters said.
The subsea umbilical, riser and flowline systems (SURF) and subsea production and processing systems (SPS) will be integrated, reducing total ownership cost and increasing reliability and uptime.
Woodside now holds interests in six different permits covering a combined area of 46,000 sq km, and is now the largest acreage holder in the emerging Rakhine Basin.
The UK’s OGA will ensure North Sea producers extract Britain’s remaining 24 Bbbl of reserves, Reuters said. It will fine E&Ps that breach licenses. The OGA becomes a legislative body April 1.
The Ascending Technologies Falcon 8 drone is now allowed in U.S. airspace by the Federal Aviation Administration. Drone-led inspections of energy industry infrastructure eliminate several human safety issues and reduce costs.