Foster Wheeler acquires Canadian engineering compa
Foster Wheeler AG has acquired Three Streams Engineering, Ltd., a privately held engineering company located in Calgary, Alberta, Canada.
“The acquisition of Three Streams is part of our stated strategy to grow the upstream capabilities and the geographic footprint of our Global Engineering and Construction Group,” said Chief Executive Officer of Foster Wheeler AG, Kent Masters.
BP completes sale of GoM assets to PXP
BP has sold a number of its oil and gas fields in the deepwater U.S. Gulf of Mexico to Plains Exploration & Production Company (PXP).
Marathon Oil sets for further U.S. exploration
Marathon Oil Corporation has announced a $5.2 billion capital, investment and exploration budget for 2013. About $1.9 billion, of which is targeted to the Eagle Ford shale play in Texas.
Tullow makes discovery offshore French Guyana
After recent speculation in French media, Tullow Oil plc has announced that the Zaedyus-2 appraisal well (GM-ES-2), offshore French Guiana, has completed drilling.
MRC to acquire Production Specialty Services
MRC Global Inc. announced that the company’s U.S. operating subsidiary, McJunkin Red Man Corporation, has signed an agreement to acquire the operating assets of Production Specialty Services, Inc.