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Talisman Energy Inc News

07 Aug 2017

New Player Enters the Decommissioning Market

Executive Director of Well-Safe Solutions, Mark Patterson (Photo: Well-Safe Solutions)

A new entrant to North Sea decommissioning, Well-Safe Solutions was established by a group of oil industry stalwarts Alasdair Locke, Mark Patterson and Paul Warwick, setting out to provide a new approach to the safe and cost-efficient decommissioning of subsea wells. The new start company, which aims to attract £200 million ($260 million) in investment and create 400 new jobs, will offer a specialist well abandonment service. Well-Safe has secured funding from Scottish Enterprise…

06 Jun 2011

Statoil to Become U.S. Shale Operator by 2013

Statoil ASA (STO, STL.OS), which built its oil and gas expertise in Norway's offshore waters, is stretching its land legs in the U.S., where it seeks to partake of the shale bounty. Like many international oil and gas companies, Norway's Statoil has poured billions into joint ventures with some of the North American independents that in the last decade figured out how to profitably unlock the oil and gas trapped in shale, bankrolling their drilling while hoping to learn some of their techniques. But peering over its partners' shoulders is not enough: Statoil plans to run its own U.S. shale operation in South Texas's Eagle Ford Shale by early 2013, said the company's executive vice president for North America, Bill Maloney.

07 Dec 2005

Tax Doubles for North Sea Energy Companies

The British government, struggling to erase its deficit, is doubling the surtax for North Sea oil and gas companies, a move that surprised an industry expecting an increase half that size, according to a Globe and Mail report. The proposed increase in the supplementary tax for North Sea energy companies is for 20 percent of income from the current 10 percent, with the change expected to cost the industry the equivalent of $13-billion over the next three years. The move affects several Canadian energy companies with North Sea assets, including Canadian Natural Resources Ltd., Nexen Inc., Petro-Canada and Talisman Energy Inc. According to the report…