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FrontRow Energy acquires ClearWELL Oilfield Solutions

FrontRow Energy Technology Group Limited has announced the acquisition of ClearWELL Oilfield Solutions, an oil and gas technology company focused on flow assurance and production optimization.

NPD awards framework agreements to 11 supplier firms

To ensure sufficient capacity to be an even better champion for developing new fields and improving recovery from producing fields, the Norwegian Petroleum Directorate (NPD) has awarded framework agreements to 11 supplier firms, representing various technology areas.

Traders brace for first winter without UK's big gas store

For the first time in more than three decades, natural gas traders, utilities and producers are preparing for a winter without the UK’s biggest storage facility.

Maersk Drilling's idle rigs impact earnings, but uptime, performance remain high

Maersk Drilling reported a profit of $48 million in the company's interim report for first quarter 2017, down from $222 million last year, generating a ROIC of 3.0%, compared to 11.2% a year ago.

Institute of Petroleum Engineering receives major applied geoscience research funding

A major funding package for the Institute of Petroleum Engineering (IPE) at Heriot-Watt University will directly support research and training for the future of the industry in UK offshore waters.

Maersk Supply Service secures major contract for Culzean Project, UK

Maersk Supply Service has secured a major contract with Maersk Oil UK to project manage the complete towing, mooring installation and hook up service scopes for the Culzean Project in the North Sea.

Wärtsilä acquires Greensmith Energy Managment Systems

The technology group Wärtsilä has signed an agreement to acquire Greensmith Energy Management Systems Inc., a U.S.-based leader in intelligent energy storage technology and solutions, for an undisclosed amount.

Atlantic Petroleum completes sale of 25% interest in Orlando development

Atlantic Petroleum has announced that further to announcement No. 4, issued March 14, 2017, it has completed the Sale and Purchase Agreement with Decipher Energy for its 25% interest in the Orlando development.

Parkmead doubles stake in key North Sea gas area

Parkmead, the UK and Netherlands focused independent oil and gas group, has announced that it has signed a Sale and Purchase Agreement with Verus Petroleum (SNS) Limited to acquire a 50% interest in UK North Sea Licence P.2209, which contains the Farne Extension prospect and a further four prospective leads.

ENGIE enters negotiations for sale of its 70% interest in Exploration & Production International

ENGIE has announced that it has received a firm and binding offer from Neptune Energy to acquire its 70% interest in Exploration & Production International (EPI).

Repsol Norge drills dry well west of Aasta Hansteen field

Repsol Norge AS, operator of production licence 705, has completed the drilling of wildcat well 6705/7-1.

Goldman bets Europe's oil stocks will shine as crude remains cloudy

European oil producers’ lower capital spending will help the region’s least-loved stocks to a standout performance this year, supported by the best quarterly cash generation in six years, according to Goldman Sachs Group Inc.

Proserv Norway secures significant decommissioning project awards

Energy services company Proserv has recently been awarded three contracts worth a combined value of more than $2.5 million for decommissioning work in the Norwegian North Sea.

Tiger Offshore expands Mediterranean, North Africa presence with CCU fleet acquisition

Tiger Offshore Rentals, a global provider of transportation and storage equipment to the offshore oil and gas industry, has acquired Comea Imprianti Industriali’s entire fleet of DNV-certified offshore cargo carrying units (CCUs) in Italy.

Faroe Petroleum receives consent to drill Brasse appraisal well

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, has announced that all relevant consents have been received for the drilling of an appraisal well 31/7-2S on the Brasse discovery (Faroe 50%).

Serinus Energy signs EPCC contract for the Moftinu Gas Development Project in Romania

Serinus Energy Inc. has announced that it has signed an Engineering, Procurement, Construction and Commissioning Contract (EPCC) with Confind S.R.L., a Romanian company, for the construction of a gas processing facility and associated flowlines and pipelines for the Moftinu Gas Development Project in Romania.

Fugro commences Mareano survey in Norwegian waters

Fugro has commenced a hydrographic survey encompassing an area of Norwegian waters of approximately 15,000 km2. Awarded by the Norwegian Hydrographic Service, the contract value is 34.5 million NOK (approximately €3.8 million).

Repsol Sinopec confirms first oil from Montrose Area redevelopment, North Sea

First oil has begun to flow from the Shaw field, part of the major redevelopment of the Montrose Area in the Central North Sea, operated by Repsol Sinopec Resources UK.

Israel's Delek seeks London listing as energy group goes global

Delek Group Ltd., the Israeli energy company that bought UK oil explorer Ithaca Energy Inc. this year, is seeking a London listing to help further overseas expansion.

DNO re-enters NCS with acquisition of Origo Exploration

DNO ASA, the Norwegian oil and gas operator, today announced the acquisition of Origo Exploration Holding AS, a privately-held oil and gas exploration company with a focus offshore Norway and the United Kingdom.