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SunTrust Robinson Humphrey agreed to purchase Houston-based acquisition and divestiture firm Lantana Oil & Gas Partners. Transaction terms were not disclosed. Lantana has advised on the sale of more than USD 2.5 billion worth of oil and gas properties in Texas, Oklahoma, Louisiana, North Dakota, and more than 10 other states.

TE Connectivity signed a definitive agreement to acquire Seacon Group for USD 490 million in cash. Seacon serves the military marine and subsea sectors with remotely operated vehicle/autonomous underwater vehicle, oil and gas, environ-mental, and oceanographic applications.

Stabilis Energy signed an agreement to acquire substantially all of the US-based assets of Encana’s liquefied natural gas (LNG) distribution unit. Terms of the transaction were not disclosed. The unit, Encana Natural Gas, is a distributor of LNG fuel to US, high-horsepower engine operators in the oil and gas, mining, marine, rail, over-the-road transportation, and industrial sectors. Stabilis has also agreed to purchase its fleet of cryogenic rolling stock assets, including storage and regasification trailers, mobile fueling units, and other related equipment.

Tower Resources announced its proposed acquisition of Rift Petroleum in exchange for the issuance of 550 million ordinary shares in Tower Resources. Rift’s asset portfolio includes two prospective areas offshore South Africa and two early-stage licenses onshore Zambia. Tower will be contributing USD 7.4 million in cash prior to completion of the transaction to fund 2D and 3D seismic programs.


Drilling and completions firm Circulation Solutions opened a new warehouse and sales location in Beeville, Texas, to serve customers in south Texas and the Eagle Ford shale. The 5,000-ft2 facility will handle sales and stock point location operations.

Pipeline provider Energy Transfer is moving its Dallas headquarters to a larger location in the city. Energy Transfer has leased 131,000 ft2 of office space under construction in the Preston Center business district. Energy Transfer and its related firms are now based in a small office building it owns on Oak Lawn Avenue.

UK-based Air Energi has opened a new office in Denver, Colorado. The office is Air Energi’s seventh location in North America and will support the company’s efforts in the Rocky Mountain region and the western United States, including Colorado, North Dakota, Wyoming, and California.


Basra Gas Company (BGC) awarded Technip—partnered with China HuanQiu Contracting and Engineering Corporation—a front-end engineering design contract for the Ar Ratawi natural gas liquids (NGL) train 1 project, located in Basra province, Iraq. BGC is a joint venture between the Iraq South Gas Company (51%), Shell (44%), and Mitsubishhi (5%). The Ar Ratawi project will rely on natural gas from the North Rumaila field. The project will help minimize gas flaring in Iraq and includes an NGL train whose nominal feed gas capacity is 530 MMscf/D.

A consortium led by BP awarded CB&I a contract valued at more than USD 85 million to provide engineering and project management services for the development of the South Caucasus Pipeline expansion project. The expansion is part of the stage 2 development of the Shah Deniz field in the Azerbaijan sector of the Caspian Sea. The South Caucasus Pipeline transports gas from the Shah Deniz field to Turkey through Azerbaijan and Georgia.

EMGS secured a contract from North Energy for 3D electromagnetic data acquisition over and in the vicinity of PL509S in the North Sea. The contract is valued at USD 3.3 million. The survey is being conducted using the vessel Atlantic Guardian.

Petrobras awarded Aker Solutions a USD-300-million contract to build eight subsea manifolds to be used to alternately inject water and gas to increase oil recovery from deepwater presalt formations offshore Brazil. The units have a design life of 30 years. Delivery is scheduled for 2016.

BW Offshore has signed a letter of acceptance from Premier Oil to operate a floating storage, production, storage, and offloading vessel (FPSO) on the Catcher field in the North Sea. The firm charter period of the contract is 7 years, with extension options. Based on a field life of 10 years, the contract is valued at USD 2.3 billion. The contract includes the delivery of the FPSO, mooring system, installation, and operation of the unit throughout the charter period. The FPSO will have a processing capacity of 60,000 B/D and a storage capacity of 650,000 bbl.

Samsung Heavy Industries received an order from an undisclosed, large-scale, Oceania-based company to build two drillships. The value of the contract is estimated at USD 1.27 billion, and the ships are expected to be delivered by mid-2017.

Weatherford International entered into an agreement with CurTran to use, sell, and distribute CurTran’s LiteWire carbon nanotube wire and cable products. CurTran estimates the forecasted average value of the long-term contract at more than USD 350 million per year.

SeaBird signed a letter of intent (LOI) with TGS-NOSPEC Geophysical to acquire up to 200,000 km of 2D geophysical data offshore Mexico. The expected value of the contract is approximately USD 110 million to USD 115 million. The LOI provides TGS access to charter up to four seismic vessels from SeaBird over a period of approximately 36 months, estimated to commence in 4th quarter 2014.

Ezion has secured two rig charter contracts whose combined value is USD 78.7 million. The first is a USD‑43.7‑million contract to provide a service rig to a South Asian-based national oil company for a period of 3 years. According to the second 3-year contract, worth USD 35 million, Ezion will provide a service rig to a Middle Eastern, state-linked company. Both rigs are expected to be delivered by 2015 and will be deployed in the Arabian Gulf.