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Bellatrix Exploration acquired assets in the Alder Flats area of west central Alberta, Canada, from an unnamed producer for approximately USD 118 million in cash. The acquisition increases the buyer’s output by approximately 2,200 BOEPD (80% natural gas, 20% liquids). The transaction increases Bellatrix’s net working interest within the Mannville formation by 57.3% (to approximately 96.9%) over 10 gross sections.

Southwestern Energy signed an agreement to purchase oil and gas assets in the Marcellus shale from WPX Energy for USD 300 million. The deal includes 46,700 acres in northeast Pennsylvania, with  daily production of about 50 MMcf/D from 63 operated gas wells. As part of the transaction, Southwestern will  assume transportation capacity of 260 MMcf/D of natural gas, predominantly on the Millennium pipeline. The deal is expected to close in the first quarter of 2015.

Carnarvon Petroleum agreed to sell its remaining 20% interest in assets in Thailand’s Phetchabun basin to The Berlanga Group for a cash consideration of approximately USD 58.2 million, which includes working capital of approximately USD 8.2 million. The sale is expected to close in the first quarter of  2015.

BG Group sold its wholly owned subsidiary QCLNG Pipeline to Australia’s APA Group for USD 5 billion. QCLNG Pipeline owns a 543-km underground pipeline network that links BG’s natural gas fields in southern Queensland to a two-train liquefied natural gas export facility at Gladstone on Australia’s east coast. The transaction is expected to close in the first half of 2015.

Apache sold its 13% stake in the Wheatstone LNG terminal in Western Australia and 50% interest in the Kitimat liquefied natural gas (LNG) project in northern British Columbia to Woodside Petroleum for USD 2.75 billion. Under the terms, Apache will sell its equity ownership in Apache Julimar, through which it owned the Wheatstone stake and a 65% interest in WA-49-L block, which includes the Julimar/Brunello fields off Western Australia. Apache will also receive an additional USD 1 billion to reimburse its net expenditure in both projects.

Shell Petroleum Development Company of Nigeria completed the sale of its 30% interest in Oil Mining Lease 24 and related facilities in the East Niger Delta to Newcross Exploration and Production for a cash price of approximately USD 600 million. The lease covers an area of around 430 km2 and includes the Awoba, Awoba Northwest, and Eukalama fields and facilities. The divested infrastructure includes three oil flow-stations and three gas-processing plants, in addition to various oil and gas pipelines. The divested fields produced around 13,000 BOEPD during the first half of 2014. Total E&P Nigeria (10%) and Nigeria Agip Oil Company (5%) have also sold their interests in the lease, ultimately leaving Newcross with a 45% interest.


Oil and gas safety company Secorp opened a new office in Hobbs, New Mexico. The location will offer a wide range of services, including H2S protection, gas detection, confined space and high-angle rescue equipment, fall protection, emergency shower trailers, cooling trailers, and safety training seminars. The office will allow for dispatch of rapid-response teams to clients operating in the northern Permian Basin.

Riser and conductor engineering firm 2H Offshore has relocated to larger office spaces in Kuala Lumpur, Malaysia and Perth, Australia. Both offices have improved facilities, additional meeting rooms, and enhanced conference rooms.


Electromagnetic Geoservices won an approximately USD-27-million contract from BG Group to provide 3D electromagnetic data acquisition in Uruguay. The services will be conducted using the vessel EM Leader and are expected to take 3.5 months to complete.

Icon Offshore Group was awarded multiple contracts, with  a combined value of approximately USD 12.3 million, to provide offshore support vessels in Malaysia. Icon will supply a straight supply vessel to EQ Petroleum Production Malaysia and received contract extensions to provide one utility supply vessel and one anchor handling tug/supply vessel to unnamed operators. The new contract has a firm period of two years with option for a one-year extension.

UK-based ground engineering specialist Keller Group won a USD-177-million contract to supply and install precast piles in the Caspian region. Mobilization will start immediately and the initial phase of work, valued at USD 25 million, is scheduled to be completed in the first half of 2015.

BP awarded a USD-750-million contract to Wood Group PSN  for delivery of engineering, procurement, and construction services to six UK continental shelf offshore upstream assets and the Forties Pipeline System onshore midstream facilities in Grangemouth, UK. The contract includes options for two, one‑year extensions.

Ennsub was awarded a contract worth USD 2 million by marine geotechnical survey company Benthic to design and build a portable launch and recovery system for its remotely operated survey vehicles. The system will feature active heave compensation and 3000‑m deployment capability and will be configured to allow the mobilization of Benthic’s portable, remotely operated drilling units on a wider range of vessels than was previously possible. The equipment is estimated to take around eight months to design and build. It will undergo detailed commissioning in the second half of 2015 and commence operations later in the year.

Bumi Armada Berhad’s wholly owned subsidiary Bumi Aramada Offshore Holdings was awarded a contract worth about USD 1.18 billion—together with joint venturer Armada Gema Nusantara—to  supply and operate a floating production, storage, and offloading vessel for Husky-CNOOC Madura Limited. The vessel will be used at the Madura BD field, approximately 10 miles south of Madura Island, offshore Indonesia. The contract has a firm charter period of 10 years with options for five annual extensions. Operations are expected to start in the fourth quarter of 2016.