Natural gas projects will receive a significant investment boost over the coming years. This will enable gas to overtake oil as the world’s primary energy source in 2026, and account for a quarter of the world’s energy by mid-century.
Talos Energy Inc. announces that the Company entered into and completed a transaction to acquire Whistler Energy II, LLC ("Whistler") on August 31, 2018. Year to date gross production from Whistler's assets is approximately 1,900 barrels of oil equivalent per day ("Boepd"), or net production after royalties of approximately 1,500 Boepd, of which 82% is oil.
Kosmos Energy announced on Monday, August 6, that the company has entered into an agreement to acquire Deep Gulf Energy (“DGE”)1, a leading deepwater company operating in the Gulf of Mexico, from First Reserve and other shareholders for a total consideration of $1.225 billion, subject to certain adjustments.
Petrotechnics, the developer of Proscient - the hazardous industries’ first software platform for Operational Excellence (OE), has released part one of its 2018 Operational Risk and Process Safety Management Report, which explores how far the oil price downturn and knock-on budgetary squeezes are affecting safety performance.
A new Westwood report reviews exploration potential across both the US and Mexican sides of the deepwater Gulf of Mexico. The Industry and Government are hoping for a bonanza of oil discoveries in Mexican waters of the Southern Gulf of Mexico but could be frustrated by the complex and variable geology which is quite different from the prolific US waters to the north.
Transocean Ltd. and Ocean Rig UDW Inc. that they have entered into a definitive merger agreement under which Transocean will acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rig’s net debt.
Investors should feel confident about BP’s, Eni’s and Shell’s increased wave of new project approvals during the recent downturn. A Rystad Energy review of the performance of their recent projects against those of other operators shows that the three European oil giants have outperformed their peers.
Ithaca Energy Limited announces it has entered into agreements to acquire all the Greater Stella Area (“GSA”) licenses and associated infrastructure interests of Dyas UK Limited (“Dyas”) and Petrofac Limited (“Petrofac”). The acquisition materially increases the Company’s production and reserves base, while simultaneously delivering full control and flexibility over the long-term development of the GSA production hub.
Harvey Gulf this week announced in the media that they have offered a rival deal to merge with Gulfmark. This comes hot off the heels of July's announcement of a deal between Tidewater and Gulfmark.
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