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French E&P Maurel & Prom Will Reacquire Former Nigeria Unit

Maurel & Prom said deal, due to be completed in December, would add Nigeria to its Gabon and Tanzania operations, giving it presence in three key sub-Saharan producers, Reuters said.

Erin Pedigo
Fri, 08/28/2015 - 09:36
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OEG Offshore’s US Business Merges With CRT

Range of cargo carrying units includes baskets and containers certified to international standards, and certified cutting boxes and DNV/MPT portable chemical tanks for rental alongside pumps and operated vacuum services.

Erin Pedigo
Fri, 08/28/2015 - 09:27
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IKM Testing Acquires Oceaneering’s Machine, Cutting Business

IKM will retain Oceaneering’s employees, technology, contracts and equipment fleet, according to a news release.

Fri, 08/28/2015 - 08:29
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Alta Mesa Offers Interest In South Louisiana Properties

The assets are located in Assumption, Calcasieu, St. Mary, Jefferson, Plaquemines and Terrebonne parishes. The package includes 8,738 net acres in the Ramos, Turtle Bayou, North Turtle Bayou, Turps and Saturday Island fields.

Darren Barbee
Thu, 08/27/2015 - 16:51
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Collins And Young Selling In Permian Basin's Central Basin Platform

Collins and Young LLC is selling its acreage position located on the southern end of the Permian Basin’s Central Basin Platform in West Texas.

The acreage covers 9,600 gross (7,100 net acres) in Crane and Pecos counties, Texas. The package includes 100% operated working interest and 75% lease net revenue interest.

PLS Inc. has retained by the Fort Worth, Texas-based company to handle the transaction.

Production has been confirmed in the Tubb, San Andres, Grayburg, Wichita-Albany, Clear Fork, Glorietta, Wolfcamp and Devonian formations, according to PLS.

Darren Barbee
Thu, 08/27/2015 - 14:55
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Norway’s Seagull Oil & Gas Acquires ExTek AS

ExTek AS is Norway’s only oil, gas industry core competency training center using globally recognized CompEx Scheme. Seagull aims to be complete provider of training solutions, said its managing director. 

Erin Pedigo
Thu, 08/27/2015 - 14:33
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Total Will Sell Some North Sea Pipeline Assets To ArcLight Capital Affiliate

The US$907 million sale to North Sea Midstream Partners, an ArcLight Capital affiliate, includes the Frigg U.K. and SIRGE gas pipelines and the St. Fergus gas terminal, Reuters said. 

Erin Pedigo
Thu, 08/27/2015 - 08:52
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Iran Will Offer Three Gas Fields At Upcoming London Conference

Development of North Pars, Golshan and Ferdowsi gas fields will be offered to investors at the upcoming London conference, according to state news agency Shana, Reuters said.

Erin Pedigo
Wed, 08/26/2015 - 10:50
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Mexico Sweetens Oil Auction Terms Again

The next round will be awarded on Sept. 30, and involves five production-sharing contracts covering nine shallow water oil fields along the southern edge of the Gulf of Mexico.

Wed, 08/26/2015 - 08:45
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Schlumberger Plans To Buy Cameron In $14.8 Billion Deal

Schlumberger Ltd. (NYSE: SLB) and Cameron (NYSE: CAM) have reached a definitive merger agreement in which the companies will combine in a stock and cash transaction, the companies said in a joint statement.

The deal is valued at $14.8 billion. The agreement was unanimously approved by the boards of directors of both companies.

“This agreement with Cameron opens new and broader opportunities for Schlumberger. At our investor conference in June 2014, we highlighted how the E&P industry must transform to deliver increased performance at a time of range-bound commodity prices,” Schlumberger CEO Paal Kibsgaard said. "With oil prices now at lower levels, oilfield services companies that deliver innovative technology and greater integration while improving efficiency, which our customers increasingly demand, will outperform the market.

Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 in exchange for each Cameron share, the release said.

Wed, 08/26/2015 - 06:15
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RSP Permian Closes Core Midland Bolt-on Acquisitions

The estimated resource potential is more than 85 million barrels of oil equivalent. The resources are fully operated by the company, are all HBP and have 23% average royalty burden.

Erin Pedigo
Tue, 08/25/2015 - 14:57
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Most Active GoM Producers Will Attend Hart Energy’s 2015 OEC

Hart Energy’s Offshore Executive Conference in November will feature more than 250 senior offshore oil and gas executives. Conference sessions will focus on emerging plays, key technologies and market trends. 

Tue, 08/25/2015 - 12:24

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