Aker Solutions secures two global engineering framework accords from BP
Aker Solutions was awarded two framework agreements to provide concept and front-end engineering (FEED) services for BP globally.The first contract is for feasibility and concept engineering and the...
View ArticleStatoil acquires 25 per cent of the Roncador field in Brazil to increase...
Statoil and Petrobras have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil. The transaction nearly triples Statoil’s production in Brazil,...
View ArticleNoske-Kaeser merges with ENGIE Axima
After merger: NOSKE-KAESER provides excellent climate and maximum safety on board in the future as well.NOSKE-KAESER Maritime Solutions GmbH and its international subsidiaries are starting the year...
View ArticleMultinational companies could be sitting on a 'Leaseberg' of huge proportions
New lease accounting rules (ASC 842, IFRS 16) will dramatically increase companies’ reported liabilitiesThe value of operational leases can equal almost two-thirds of the size of the company balance...
View ArticleShell completes sale of its stake in Iraq’s West Gurna 1 oil field to Itochu
Shell EP Middle East Holdings has completed the sale of the entire share capital of Shell Iraq (SIBV), which held its 19.6% stake in the West Qurna 1 oil field, for $406 million, to a subsidiary of...
View ArticleShell completes sale of stake in Thailand’s Bongkot field to PTTEP
Shell has announced today that its affiliates, Shell Integrated Gas Thailand and Thai Energy Company, have completed the sale of their 22.2222% interest in the Bongkot field and adjoining acreage...
View ArticleSaudi Aramco signs share purchase agreement to acquire majority stake in Sabic
Sabic announced that Saudi Aramco signed today a share purchase agreement to acquire a 70% majority stake in Sabic from the Public Investment Fund of Saudi Arabia in a private transaction. The agreed...
View ArticleTotal agrees with Occidental to acquisition of Anadarko's assets in Africa
Total has announced that it has reached a binding agreement with Occidental to acquire Anadarko’s assets in Africa (Algeria, Ghana, Mozambique, South Africa) for a consideration of $8.8 billion in the...
View ArticleTechnipFMC to create two independent companies
TechnipFMC has announced its board of directors has unanimously approved its plan to separate into two industry-leading, independent, publicly traded companies.The two companies are RemainCo, a...
View ArticleBP to sell Alaska business to Hilcorp
BP has announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP's interests in...
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