The merger agreement follows remarks made by Era Group CEO Chris Bradshaw in a letter to shareholders last year that the offshore helicopter industry was in “dire need” of consolidation.
The new recoverable resource estimate, which jumped by 2 Bboe, excludes the Uaru discovery.
BHP Petroleum, a subsidiary of BHP Billiton Petróleo Operaciones de Mexico, S. De R. L. De C.V., has contracted Doris Inc. on Jan. 27 for the execution of engineer services for the SURF and export pipeline scopes of work of the Trion Project located in the Gulf of Mexico (GoM).
Worley has been awarded a FEED contract for Total E&P USA’s North Platte field development in the Gulf of Mexico (GoM), the company said on Jan. 23.
The lawsuit is seen as part of an emerging branch of law worldwide where plaintiffs seek to use a nation's founding principles to make the case for curbing emissions.
The Senegal government recently gave the greenlight for the project, which is expected to produce 231 million barrels (MMbbl) of oil resources in its initial phase of development and strike first oil in the next three years.
TerraSond, an Acteon company, has been awarded a five-year IDIQ contract on Jan. 16 by the Hydrographic Surveys Division of the National Oceanic and Atmospheric Administration (NOAA)’s National Ocean Service, Office of Coast Survey, to provide hydrographic surveying services in the U.S.
Angola, Africa's second-biggest oil exporter, is working to reform its oil industry and broader economy to arrest a drop in production that has heaped pain on the economy.