Newfield Signs Purchase and Sale Agreement to Acquire GOM Assets

Tuesday, August 17, 1999
Newfield Exploration Company announced it has signed a purchase and sale agreement to acquire the interests of Ocean Energy, Inc. in three shelf Gulf of Mexico fields. The purchase price is approximately $66 million and the transaction was expected to close by mid-August. Newfield explores, develops and acquires oil and gas properties principally in the Gulf of Mexico.
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Offshore

Ocean Mineral Singapore Set for Seabed Exploration

Ocean Mineral Singapore Pte. Ltd. (OMS) has received approval from the International Seabed Authority (ISA) on its application for its first seabed exploration licence.

DNV GL Publishes Regulatory Roadmap for Floaters in the US

DNV GL announced it has mapped out what is necessary to be in compliance with U.S. Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in U.S. waters.

Second Typhoon Threatens Taiwan

The Taiwan military was collecting and distributing sandbags to guard against possible flooding on Tuesday as a typhoon bore down on the island after brushing the Philippines.

 
 
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