Ensco and Atwood Oceanics entered into a definitive merger agreement under which Ensco will acquire Atwood in an all-stock transaction. The definitive merger agreement was unanimously approved by both companies’ board of directors. Under the terms of the merger agreement, Atwood shareholders will receive 1.60 shares of Ensco for each share of Atwood common stock […]

Savannah Petroleum signed a formal rig contract with Great Wall Drilling Co. (GWDC) out of China for use of the GWDC 215 rig. As previously announced the contract provides for a program of three firm wells, and includes options for a further six wells which can be exercised individually at Savannah’s discretion. The company also […]

Yachtze Lushin, Exploration and New Ventures Engineering Manager of Noble Energy, speaking at the 10th Annual Sub-Saharan Oil and Gas Conference that takes place in Houston on the run up to the Offshore Technology Conference (OTC), gave attendees a look at the company’s future plans in Africa. Lushin said that Noble is actively seeking opportunities […]