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Talisman Energy completed the sale of approximately 127,000 net acres of its Montney position in northeast British Columbia, Canada, to Progress Energy Canada for a total cash consideration of USD 1.3 billion.

Whitecap Resources agreed to buy some of Imperial Oil’s oil and gas properties in western Canada for around USD 771.14 million. Imperial Oil said the properties in British Columbia and Alberta produced approximately 15,000 BOE/D in 2013.

Energy XXI and EPL Oil & Gas signed a definitive merger agreement whereby Energy XXI will acquire all EPL’s outstanding shares for total consideration of USD 2.3 billion, including the assumption of debt. Following the merger, Energy XXI’s production on the Gulf of Mexico shelf will total about 65,000 BOE/D, 70% of which is oil. As of 31 December 2013, EPL’s properties were estimated to contain net proved and probable reserves of 106.3 million BOE, 71% of which is oil.

Independent Oil & Gas PLC (IOG) agreed to acquire 100% of UK license Block 48/22a from Swift Exploration for an initial consideration of approximately USD 782,000, with additional milestone payments due depending on field performance. A report commissioned by IOG shows a base case expected gas recovery of 17.6 Bcf or 3.4 million BOE 2C resource from a gas discovery within Block 48/22a.

OMV acquired Hess’ portfolio in the West of Shetland area for USD 50 million. OMV thereby increased its share in licenses P. 1028 and P. 1189 (including the Cambo field) from 15.0% to 47.5% and in license P. 1830 (including the Blackrock prospect) from 25.0% to 75.0%; and acquired 75.0% in license P. 1831.


Intertek Group expanded its exploration and production services in the Middle East by investing in a new USD-2.3-million facility in Musaffah, Abu Dhabi. The laboratory will house a wide range of specialized equipment and instrumentation, enabling Intertek to provide reservoir characterization services, including core analysis. The facility comprises three buildings whose combined space is 13,993 ft2.

Niche Products Ltd. announced that the formal establishment of Niche Produtos do Brasil is under way. The coming Niche facility will provide in-country manufacturing of subsea control fluids as well as 24-hour technical support.

BP plans to place its onshore US lower-48-states’ oil and gas assets into a new wholly owned business. The new company’s financial information will not be public until 2015. The new entity will be based in Houston, Texas, separate from BP’s main office there.

Texas Tech University in Lubbock, Texas, opened the Terry Fuller Petroleum Engineering Research Building, a new facility with 42,000 ft2 of modern classroom and research space. The USD-22.8-million facility was funded entirely by private contributions and by industry, including Anadarko Petroleum, Apache, Chevron, Linn Energy, Occidental Petroleum, and Pioneer Natural Resources.


Seabird Exploration’s Aquila Explorer 2D seismic data acquisition vessel was awarded contracts for two surveys in New Zealand and a survey off the North West shelf of Western Australia. The three contracts are worth around USD 5 million.

ExxonMobil Canada Properties awarded Subsea 7 a USD-75-million 3-year subsea construction services contract. The contract supports the Hebron heavy-oil field development, located in the Jeanne d’Arc basin, 350 km southeast of St. John’s, Newfoundland and Labrador, Canada. The contract scope includes the project management, engineering, and installation of two offshore loading systems in a water depth of 300 ft.

Zenith Energy won a contract for well-management services from Europa Oil & Gas. Zenith will provide well construction and project management services for Europa’s onshore exploration well at Kiln Lane in UK petroleum exploration and development license 181. The well is expected to be drilled during the second half of 2014.

Prosafe was awarded a letter of intent for provision of the Safe Scandinavia semisubmersible accommodation vessel temporarily converted for tender support operations at a location on the Norwegian continental shelf. Operations are planned to start June 2015 for a firm period of 3 years. Prosafe granted four additional 1-year options. Total value of the firm contract period is around USD 443 million, with the value of the options totaling around USD 479 million.

Contracts were awarded to Petroleum Geo-Services and Schlumberger unit WesternGeco for seismic data acquisition in the Norwegian sector of the southeast Barents Sea. The surveys cover blocks proposed for the 23rd concession round by the Norwegian Ministry of Petroleum and Energy and will in total cover an area of around 5,270 sq miles. Statoil is the operator for the joint 3D seismic data acquisition project involving 33 participating oil firms.

Vard Holdings was awarded contracts, whose total value is close to USD 101 million, for the construction of two offshore support vessels, scheduled for delivery third-quarter and fourth-quarter 2015. Separately, Vard signed a letter of intent with Solstad Offshore for the design and construction of a large offshore subsea construction vessel. The vessel—scheduled for delivery in second-quarter 2016—will be the largest in the Solstad fleet, with a 550-ton top tension vertical lay system, enabling the installation of large-diameter flexible pipes in ultradeep water and in harsher environments. It will also feature a 600-ton active-heave-compensated offshore crane and a 4,000-ton under-deck carousel for storing flexible pipes, cables, and umbilicals.

Wood Group won a 1-year operations and maintenance contract extension from Chevron North Sea. The latest extension is a continuation of a contract Wood was first awarded in 2009. Services will be provided to the Captain and Alba fields, including the Captain floating production, storage, and offloading vessel; the Captain wellhead and production platform; and the Alba North platform.