Oil Field Services Archives

05 Jan 21

The Company exited 2020 producing approximately 8,500 barrels of oil equivalent per day (75% oil) from the Powder…

Samson Resources II agrees to sell its powder River Basin assets for $215 million

Petrobras discovers oil at northwest well in Búzios field, Brazil

23 Dec 20

The discovery of high-quality oil reinforces Petrobras’ potential of the pre-salt at the Búzios field

Earthstone Energy to acquire Independence Resources Management for $186m

21 Dec 20

Through the deal, Earthstone will now own assets producing 8,780BOEPD, which includes 66% of oil

The Bureau of Land Management California completes oil and gas lease sale

11 Dec 20

The BLM estimates the oil and gas industry generates approximately 3,500 jobs and $200 million in economic benefit…

Karoon Energy acquires Baúna field from Petrobras

Oil & GasUpstreamOffshore

09 Nov 20

The light oil field currently has a production output of nearly 16,000 barrels of oil per day

Impact acquires 100% stake in South African offshore exploration rights

29 Oct 20

The company has secured approval from the South African Government to take over the rights

Petrofac CEO Ayman Asfari to retire after nearly two decades in charge

By Andrew Fawthrop

12 Oct 20

The businessman will hand over to former Shell executive Sami Iskander at a difficult time for the oilfield…

Constellation announces new financing for Atlantic Star

28 Feb 20

Atlantic Star is a midwater semi-submersible drilling rig which was acquired by the Company in 1997

American Energy Partners acquires Hickman Geological Consulting

18 Jul 19

American Energy Partners has completed the acquisition of privately held Hickman Geological Consulting (HGC) a Washington County, PA…

US oilfield services firms C&J Energy, Keane sign £1.44bn merger deal

By BV Swagath

18 Jun 19

The merger is expected to create a major well completion and production services company in the US