Italian energy group Eni said that synergies from the $4.9 billion acquisition of private equity-backed Neptune Energy could reach $1 billion as the two groups integrate their operations across key geographies. The acquisition announced on Friday…
Italy's Eni ENI.MI and its Norwegian unit Vaar have agreed to buy private-equity backed Neptune Energy in a deal valuing the assets of the gas and oil producer at $4.9 billion including debt, the two groups said on Friday.The acquisition, which is expected to be completed at the start of next year…
W&T Offshore, an independent oil and natural gas producer with operations offshore in the Gulf of Mexico, on Thursday announced the appointment of Sameer Parasnis to the position of Executive Vice President and Chief Financial Officer, effective July 3…
Siemens Energy, which supplies equipment and services to the power sector, scrapped its profit forecast for 2023, citing deeper than expected problems at its wind turbine division that could cost the group more than 1 billion euros ($1.1 billion)…
Oslo-based offshore drilling contractor Dolphin Drilling announced Thursday it had reached a deal to acquire two semi-submersible drilling rigs, the Paul B. Loyd Jr. and the Transocean Leader from Transocean for a total of $61.5 million (plus an additional $3 million)…
“By agreeing to an additional voluntary production cut within OPEC (Organization of the Petroleum Exporting Countries) of 500,000 barrels per day in May and announcing a further independent production cut of 1,000,000 barrels per day in July…
Offshore drilling firm Seadrill on Wednesday announced it has agreed to sell three tender-assist units to Singapore's Energy Drilling Pte Ltd for a total of $85 million in cash.The units are the semi-tender West Vencedor and tender rigs T-15 and T-16…
The Brazil-bound FPSO Sepetiba sailed away from the BOMESC shipyard in China on June 16, 2023, following completion of the topsides integration and onshore commissioning phases.The unit—SBM Offshore’s third Fast4Ward FPSO—is transiting to the Mero field in the Santos Basin offshore Brazil…
Houston based Talos Energy announced it has appointed Sergio L. Maiworm Jr. as the Company's Chief Financial Officer and Senior Vice President, effective as of July 1, 2023, replacing Shannon E. Young, III who has accepted a similar role with another independent E&P company…
Subsea7 has confirmed that its offer, dated June 15, for the entire share capital of DOF Group expires at the end of Monday, June 19. The expiration follows the rejection of the offer by the DOF board on June 16.DOF concluded that NOK 35 per…
Offshore wind energy services business Venterra Group announced it has appointed Philippe Kavafyan as Chief Executive Officer. He joins the group in mid-September and, following a short transition, becomes Chief Executive Officer with effect from October 16…
Offshore wind turbine and foundation installation companies Cadeler and Eneti announced they have agreed to merge through a stock-for-stock exchange.The combined company will be named Cadeler, headquartered in Copenhagen, Denmark, with its shares…
Maersk Training won a three-year Training Management Service (TMS) contract by Seadrill. The contract will see Maersk Training managing Seadrill’s global onshore and offshore workforce training requirements for approximately 3100 personnel and 16 assets…
Top down or bottom up, new technologies are helping the industry boost their leak detection and repair (LDAR) strategiesAs the world approaches 1.5°C, the presumed threshold of dangerous warming, action to reduce methane releases is seen to be a way of buying time for achieving longer term CO2 cuts…
Massachusetts Maritime Academy (MMA) said it has started offering its Global Wind Organization Basic Technical Training (GWO BTT) course to community members, opening the door to those on Martha’s Vineyard interested in a potential career in the offshore wind industry…
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