Simrit Oil & Gas, LLC, a wholly-owned subsidiary of Freudenberg-NOK General Partnership, announced the acquisition of the assets of Petroleum Elastomers of Houston, a manufacturer of specialized custom sealing components for the oil and gas industry. Terms of the agreement were not disclosed.
Petroleum Elastomers molds a wide range of elastomeric products but is widely known [...]

Blue Sky Network, a leading global provider of mobile asset management and fleet management solutions using GPS tracking, today announced that Bond Offshore Helicopters Ltd. selected Blue Sky Network’s solution to provide GPS flight following, text and voice capabilities aboard its current fleet of ten AS332L2/EC225’ based in Aberdeen, Scotland. Using the solution, Bond Offshore [...]

Endeavour International Corporation announced that the company and its partners have submitted for governmental approval a Field Development Plan (FDP) for the Columbus discovery in the Central North Sea in the United Kingdom.
The FDP consists of a multi-phased subsea tie-back to link Columbus production to a central processing facility that is part of the BP-operated [...]

Serica Energy plc as operator of UK Block 23/16f has submitted the Field Development Programme (”FDP”) for the Columbus field in the UK Central North Sea to the UK government.
In December 2006 Serica announced the discovery of the Columbus gas-condensate field with well 23/16f-11. The well was tested at a rate of 17.5 million cubic [...]

Silver Verde May Mining Company announce that it has signed a letter of intent to acquire all of the issued and outstanding shares of Golden Eagle Mining Co., Inc.. Upon completion of due diligence and further director approvals, Verde May will issue 14,287,680 of its common shares to acquire all of the shares of Golden [...]

FMC Technologies, Inc. announced that it signed a contract with StatoilHydro for the manufacture and supply of additional subsea equipment for its Norne field development, located in the Norwegian Sea. The contract, valued at approximately $87 million in revenue, is a call-off from a frame agreement that was originally signed in 2007.
FMC’s scope of supply [...]

French oil company Total SA, the world’s fourth-largest oil and gas company, said its first-quarter profit rose 18 percent thanks to higher commodity prices.
Excluding an after-tax inventory effect, adjusted net income increased 9 percent to 3.25 billion euros ($4.87 billion). The company’s exploration and production business accounted for 85 percent of overall operating profit.
The results [...]

Four banks are leading a syndicated loan to finance British gas producer BG Group Plc’s $US12.1 billion ($A12.99 billion) bid approach for Australian utility group Origin Energy, banking sources said.
BNP Paribas, HSBC, Royal Bank of Scotland and Santander are leading the jumbo acquisition financing, banking sources said.
The size of the facility has not been revealed [...]

Labor actions that cut crude supplies from the North Sea and Nigeria helped keep oil prices up around $120 a barrel. BP PLC on Sunday shut down the Forties Pipeline System that carries more than 700,000 barrels of oil a day to the U.K. because of a 48-hour walkout by employees in a pension dispute [...]

A shale formation stretching North Dakota and Montana may have an estimated 3 to 4.3 billion barrels of technically recoverable oil, according to a U.S. Geological Survey assessment.
Known as the Bakken Formation, the find would make the recoverable oil in North Dakota and Montana the largest U.S. oil reserves outside Alaska.
The recently released assessment shows [...]