Marathon Oil subsidiary Marathon Equatorial Guinea Production Ltd. (MEGPL) will soon receive delivery of the Alba B3 compression platform at the Abla gas and condensate field offshore Central Africa, as the platform left Heerema Fabrication Group’s (HFG) yard off Europe this week…
Houston headquartered Marathon Oil has agreed to sell all its operated producing properties in the US Gulf of Mexico and a tranche of non-operated interests for US$205 million. The deal with an undisclosed buyer is said to be part of…
Heerema Fabrication Group (HFG) has loaded out the Alba B3 jacket and topsides ahead of its sail away to Equatorial Guinea, planned for the end of this month. The 2000-ton, four-legged jacket, built at the Vlissingen yard in the Netherlands…
Meg Chesshyre talks to Heerema Fabrication Group CEO Koos-Jan van Brouwershaven about the firm’s latest projects. Cygnus PU sail away. Photos from Heerema Fabrication Group. Heerema…
Imtech Marine is supplying a heating, ventilation and air conditioning (HVAC) system to the 6000-tonne Alba B3 greenfield compression platform, currently under construction for Marathon E.G. Production. To be located in Equatorial Guinea…
Petronas' bid to farm in to a Celtic Sea block offshore south east Ireland has been approaved by the Irish Government - the firm is now firming-up drilling plans. Through its 100%-owned subsidiary Kinsale Energy, the Malaysian firm will…
Five companies have been awarded licenses covering 10 exploration blocks in the Adriatic Sea in Croatia's first licensing round. The round had offered 29 blocks in the eastern Adriatic Sea covering a total of 36,822sq km. Bids were received from six companies for 15 exploration areas…
The Petroleum Safety Authority of Norway (PSA) has given Det norske oljeselskap ASA consent to use the Transocean Winner mobile drilling facility to drill two new subsea production wells on the Alvheim field. The Transocean Winner…
North Celtic Sea focused explorer Lansdowne Oil & Gas has entered into a farm-in agreement with PSE Kinsale Energy - a wholly owned subsidiary of Malaysia's Petronas. Under the terms of the agreement, Kinsale Energy will acquire an 80%…
Houston-based Marathon Oil Corp. announced today it has closed the transaction with Det norske oljeselskap for the sale of Marathon Oil Norge for a total transaction value of US$2.7 billion. After adjustment for debt, net working capital and interest on the net purchase price…
Venari Resources LLC announced that it has raised an additional US$1.3 billion of equity commitments, bringing the total raised to $2.4 billion. Map of Shenandoah and Coronado prospects. Image from Anadarko…
Noble Energy and Australia’s Woodside Petroleum signed a production sharing contract (PSC) with the Government of Gabon covering block F15 in the Gabon Coastal basin, West Africa. Additionally, Marathon Oil Corp. signed an exploration…
Marathon Oil is due to spud an exploration well on the Key Largo prospect, on Walker Ridge Block 578, Gulf of Mexico, in Q3. It will be the first well drilled with a new-build deepwater drillship. Marathon Oil is operator and holds a 60% working interest in the prospect…
Aibel has been awarded a framework agreement by Marathon Oil Norge for the supply of front end engineering design (FEED) and study assignments. The first assignment has already been specified - a study to clarify upgrade solutions on the floating production…
Det norske announced its 2Q 2014 financial results on 17 July. Among other financial highlights and activity, the company discussed its agreement to acquire Marathon Oil Norge for US$2.1 billion. Announced 2 June 2014, the transaction is expected to close 4Q 2014…