Europe
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.
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.
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.
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.
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.
Subsea
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.
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.
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.
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.
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.