TotalEnergies EP Norge has signed an agreement for the divestment of its non-operated interest (39.89%) in the West Ekofisk and Albuskjell fields to Vår Energi and has also concluded an agreement with Orlen Upstream Norway for the divestment of its non-operated interest (20…
Serica Energy has agreed to acquire Prax Upstream, expanding its portfolio of U.K. North Sea oil and gas assets and boosting its reserves, resources and production base.Serica Energy signed a sale and purchase agreement to acquire 100% of the…
BW Energy has started a process to potentially acquire Azule Energy’s non-operated interests in Block 14/14K, offshore Angola.According to BW Energy, the move is part of its continuous consideration of opportunities to acquire assets in line with its stated strategy…
Motive Offshore Group has acquired Norway-based Weld Integrity Group, a move aimed at strengthening its certification and inspection (C&I) capabilities and boosting its presence in the Norwegian offshore energy market.The acquisition is expected to add $1…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved a sales purchase agreement (SPA) by TotalEnergies for its entire 12.5% stake in Oil Mining Lease (OML) 118, which contains Bonga offshore field, to Shell's SNEPco and Eni's Nigerian Agip Exploration (NAE)…
Oilfield services firm Archer has entered into an agreement to acquire Premium Oilfield Services, a U.S.-based well service provider within fishing and P&A related services.Archer and Premium’s complimentary client base represents more than…
Italian energy giant Eni has completed the sale of 30% stake in the Baleine project, located off the Ivory Coast, to energy and commodity trading company Vitol.The Baleine project is the West African country’s main offshore development and is now owned by Eni (47…
Exxon Mobil, Brazilian state-run Petrobras and oil services provider TechnipFMC petitioned the country's antitrust regulator Cade to intervene in a merger between energy contractors Subsea7 and Saipem, public documents seen by Reuters show.In filings submitted on Thursday…
Global technology company SLB has signed a definitive agreement to acquire RESMAN Energy Technology, a specialist in wireless reservoir surveillance solutions.The acquisition enhances SLB’s portfolio with world-class production and reservoir tracer technologies…
Seatrium has divested its AmFELS Yard located at Brownsville in Texas, in the United States, for a consideration of $50.7 million (S$65 million).The accretive divestment will allow Seatrium to enhance capital and operational efficiencies, while unlocking value from one of its surplus facilities…
Santos is always prepared to consider any takeover offers for the company, the Australian gas producer's CEO Kevin Gallagher said on Friday, adding he would like to stay as CEO as long as he has the support of shareholders and the board.An $18…
International consortium, led by Abu Dhabi's National Oil Company (ADNOC), has withdrawn its indicative $18.7 billion offer to acquire Australian oil and gas producer Santos.The consortium, led by ADNOC’s investment arm XRG, said it will not proceed with a binding offer for Santos…
Altera Infrastructure has entered into an agreement to sell its entire floating production, storage and offloading (FPSO) business to global investment firm Carlyle.The acquired business includes Altera’s full FPSO portfolio, the floating storage…
Norwegian oil and gas firm OKEA has entered into an agreement with Harbour Energy Norge to farm-in to a 20% working interest in Alpehumle license, located north of Gjøa, offshore Norway.OKEA’s position in the greater Gjøa area is strengthened by the farm-in of Alpehumle…
Straatman has acquired Kraaijeveld Winches, a Dutch company specializing in the design and production of winches and related equipment for dredging, offshore, and maritime applications.The acquisition marks a strategic step in Straatman’s long…