SNC-Lavalin To Buy UK-Based WS Atkins For $2.7 Billion

SNC-Lavalin Group is expanding its global consulting, design and project management capabilities with the takeover of U.K.-based WS Atkins.

Apr 21 2017 - 1:20pm

Schlumberger Sees Pricing Improve But Costs Weigh On Margins

The world’s No.1 oilfield services provider said revenue rose 5.7% to $6.89 billion in the quarter ended March 31, but its cost of revenue increased 11.3% to $6.08 billion.

Apr 21 2017 - 8:14am

Total Extends British Shale Gas Involvement

Total had agreed on an option to farm into Egdon's PEDL209 exploration license in Lincolnshire by Dec. 31, 2018, which would earn it a 36% interest. Total's previous option on the license had lapsed.

Apr 4 2017 - 11:55am

BP Reportedly Agreed To Cut CEO Bob Dudley's Maximum Pay

Sky News said that Dudley's maximum annual pay over the next three years will now be about 12.2 million pounds (US$15.22 million) including his salary, an annual bonus and a long-term share incentive plan.

Apr 4 2017 - 7:25am

BP To Sell Forties Pipeline System To INEOS

BP said on April 3 it has agreed to sell its Forties Pipeline System (FPS) business, with assets including the main Forties offshore and onshore pipelines and other associated pipeline interests and facilities, to INEOS.

Apr 3 2017 - 9:28am

Repsol To Buy Stake In Greek Onshore Blocks From Energean

Repsol will become the operator of the Ioannina and Aitoloakarnania blocks and plans to acquire seismic surveys over the areas in the 2017-2019 period.

Mar 31 2017 - 7:55am

Aker Solutions To Acquire Reinertsen For $24.9 Million

Reinertsen is the third-largest maintenance and modifications supplier offshore Norway. The company's order backlog contains key maintenance and modifications contracts with Statoil.

Mar 30 2017 - 9:05am

Genel Energy's CFO To Step Down, Sources Say

Genel Energy is set to lose its finance chief, Ben Monaghan, while still struggling to find a replacement for Chairman Tony Hayward, sources told Reuters.

Mar 29 2017 - 10:05am

Borr Drilling Acquires Transocean's Shallow-Water Rigs For $1.4 Billion

Fredriksen's private investment vehicle Seatankers bought the new West Mira rig from the Hyundai Samho Heavy Industries Shipyard for an undisclosed sum just one week ago, Reuters reported.

Mar 20 2017 - 10:28am

Cyprus Approves Eni, Total, Exxon Offshore Block Deals

Eni and Total are in a consortium for one of the blocks and ExxonMobil and Qatar Petroleum have joined up for another. Eni will be on its own in a third block. The blocks were offered in the third licensing round held by Cyprus, Reuters reported.

Mar 20 2017 - 8:48am