BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company. Under the terms of the agreement, Dragon Oil will purchase producing and exploration concessions, including BP’s interest in the Gulf of Suez Petroleum Company (GUPCO). Dragon Oil is a wholly-owned subsidiary of the Emirates National Oil Company (ENOC).
VesselsValue's Head of Offshore, Robert Day, takes a look at Norway's spending over the past 12 months.
Mohawk Energy, the expandable tubular well solutions specialist, has received a substantial investment from private equity firm Buckthorn Partners to support its domestic and international growth ambitions.
Houston Energy, L.P. has entered into a strategic agreement with a private equity firm for deepwater Gulf of Mexico non- operated exploration projects. Height Capital Markets, LLC ("Height") served as the sole financial advisor to Houston Energy on its newly formed venture.
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