Acquisitions & Divestitures , Trends

Energy A&D Transactions from the Week of July 1, 2020

Here’s a snapshot of recent energy deals including a $5 billion divestiture by BP as the London-based major shifts its focus to low-carbon energy.

July 1, 2020

Digital Oilfield , Logistics , Subsea

Baker Hughes New Approach Connects Entire Subsea Development Process

Subsea Connect reduces development costs by 30%, which can help unlock more than 16 billion barrels of oil, Baker Hughes says.

June 30, 2020

Trade , International , Infrastructure , Construction , Pipelines

EU Prepares Response to Nord Stream US Sanctions Threat

Commission says that the threatened US sanctions could violate international law.

June 30, 2020

Public Capital

Shell to Write Down Up to $22 Billion After Coronavirus Hit

The Anglo-Dutch company has already been preparing a major overhaul after CEO Ben van Beurden laid out plans in April to reduce Shell's greenhouse gas emissions to net zero by 2050.

June 30, 2020

Exploration & Production , Acquisitions & Divestitures

Edison, Energean Cut Oil Deal’s Value by Two Thirds

Mediterranean-focused Energean last year agreed to buy the oil and gas operations of Edison for up to $850 million, but the parties agreed to revise the deal because of the amendments and a weaker price outlook.

June 29, 2020


Aker Solutions Awards $175 Million Contract Extension to Aker BP

Aker Solutions has signed a two-year contract extension for maintenance and modifications for Aker BP’s Ula, Skarv, Valhall and Tambar fields offshore Norway, the company said on June 29.

June 29, 2020

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (June 26, 2020)

Wolfcamp-Spraberry Trend wells completed by Earthstone Energy in the Permian Basin plus four strong Haynesville Shale discoveries from two separate pads in Louisiana’s Sabine Parish top this week’s drilling activity highlights from around the world.

June 26, 2020

Business , Subsea , Joint Ventures

Dril-Quip, Proserv Form Strategic Partnership for Subsea Offerings

The partnership with Proserv Group establishes a framework for a bundled offering that will provide a compelling value proposition for Dril-Quip’s subsea customers, CEO Blake DeBerry says.

June 25, 2020

Exploration & Production , Lease Sales

Norway Plans Big Expansion of Arctic Oil Exploration

The government will auction up to 136 new oil exploration blocks in a major licensing round, with 125 of those in the Arctic Barents Sea, a relatively unspoiled corner of the planet.

June 24, 2020

Digital Oilfield , Logistics , Subsea

Cyberhawk Secures Multimillion-dollar Software Contract with Shell

Cyberhawk, the global leader in drone-based inspection and creator of iHawk, a cloud-based asset visualization software, said June 22 that it has secured a five-year, multimillion-dollar software contract with Royal Dutch Shell Plc.

June 22, 2020