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Parkmead trebles Athena presence after $11m deal:

Rapidly-growing North Sea producer Parkmead is to strengthen its grip on the Athena oil field after striking a deal to treble its stake in the find.

The company, launched by Dana Petroleum founder Tom Cross two years ago, will take a 20% interest in the Moray Firth licence which includes…

Gazprom moves into North Sea with asset swap:

Russia’s state owned giant Gazprom has completed its move into the North Sea following an asset swap deal with Wintershall Holdings.

The world’s largest gas producer acquired 50% shares in Wintershall’s North Sea exploration and production company WINZ as part of a Master Agreement to exchange assets with the German…

Shell to sell off £18bn in assets after profits tumble:

Oil giant Shell is to start a sale of up to $30bn (£18bn) of assets next year after weak refining margins and oil theft in Nigeria caused a sharp fall in profits, it can be disclosed.

Assets on the chopping block include a $7bn stake in Woodside Petroleum, Australia’s second…

Mintra lands training contract with EnQuest:

Mintra Training Portal Limited, a provider of learning and competency solutions for the oil and gas industry has secured a contract to deliver training management services to EnQuest’s UK employees. In the three- year deal, Mintra will deliver e-learning and classroom training for over 200 industry-critical courses to the…

Chevron awards £150 million U.K. drilling contract:

Chevron North Sea Limited announced today that it has awarded a new £150 million contract to Dolphin Drilling Limited, a subsidiary of Fred. Olsen Energy ASA, for a 20 month multi-well drilling and completion program across several of Chevron’s operations in the U.K. sector of the North Sea.

The contract…

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