Oil Exploration & Production News

The business will be integrated into the TechnipFMC Surface Technologies segment and will include the transfer of key personnel from Plexus, with their specialized know-how, to ensure continuity and ongoing customer support.

TechnipFMC reaches an agreement to acquire Plexus’ exploration wellhead business

Oct 20, 2017

The business will be integrated into the TechnipFMC Surface Technologies segment and will inc...

Cenovus Energy Inc. has entered into an agreement to sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger for cash proceeds of $1.3 billion.

Cenovus reaches agreement to sell Palliser assets for $1.3 billion

Oct 20, 2017

Cenovus Energy Inc. has entered into an agreement to sell its Palliser crude oil and natural ...

Energy firm BP announced Thursday that Carl-Henric Svanberg, the chairman who presided over the company during the Deepwater Horizon spill, has decided to retire.

BP chairman who presided over Gulf spill crisis to retire

Oct 20, 2017

Energy firm BP announced Thursday that Carl-Henric Svanberg, the chairman who presided over t...

Royal Dutch Shell's Nigeria subsidiary says it has lifted the force majeure imposed on Bonny Light crude oil exports a month ago.

Shell Nigeria lifts force majeure on Bonny Light exports

Oct 20, 2017

Royal Dutch Shell's Nigeria subsidiary says it has lifted the force majeure imposed on Bonny ...

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