Exxon Mobil's legal bid to stop Chevron's proposed $53 billion acquisition of Hess rests on whether the transaction would involve a change of control of Hess' prize subsidiary in Guyana, according to people knowledgeable about the argument.The two top U.S. oil producers are in an arbitration battle over the world's largest oil discovery in almost two decades, in offshore Guyana. Exxon, which operates all output in the South American country with a 45% stake in a lucrative consortium…
Norwegian seismic company TGS has signed a global multi-year agreement with Shell to license the TGS Imaging AnyWare software suite, announcing also it has secured another contract for the Ocean Bottom Node (OBN) data acquisition work in North America…
TGS, a global provider of energy data and intelligence, has secured an Ultra High Resolution 3D (UHR3D) acquisition contract in Europe.This 45-day contract reinforces and strengthens TGS' position in the offshore wind, data and characterization market…
Vår Energi has completed the intra-group merger with its wholly-owned subsidiary Vår Energi Norge, formerly Neptune Energy Norge.The merger has been registered with the Norwegian Register of Business Enterprises, and consequently all assets…
Føn Energy Services has set out plans to acquire Dutch offshore wind farm services company C-Ventus as part of a merger expected to boost its offshore wind operations and maintenance capabilities.Føn Energy Services will acquire 100% of the shares in C-Ventus from current owner DISA International…
Vår Energi and its wholly-owned subsidiary Vår Energi Norge, formerly Neptune Energy Norge, have agreed a joint merger plan for an intra-group merger of the two companies.The purpose of the merger is to simplify the corporate structure in the…
U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron, after oil major Exxon Mobil signaled a potential counter offer for Hess's Guyana assets.Exxon on Wednesday filed a contract arbitration…
Exxon Mobil Corp said on Monday it may preempt Chevron Corp's acquisition of a 30% stake in a giant Guyana oil block, the centerpiece of its deal for Hess Corp.The companies are in talks on Exxon's claim it has a right to first refusal of any sale of the Stabroek block…
DNV announced it has merged its existing cyber security business with two recently acquired companies, Nixu and Applied Risk.The merger brings together more than 500 cyber security experts to safeguard IT and industrial control system environments across multiple industries…
Italy’s Eni and its majority-owned Vår Energi have completed the acquisition of Neptune Energy and its entire portfolio of oil and gas assets, except the company’s business in Germany.Vår Energi completed the acquisition of Neptune Energy Norge along with its Norwegian oil and gas assets…
Oslo-listed company Magnora has decided to separate its legacy business, the divested segment related to floating production storage and offloading (FPSO) units for oil and gas industry, from its renewables business, with significant activity in the offshore wind industry…
TGS, a Norway-based provider of energy data and intelligence, said Wednedsay it had secured a four-year extension to a proprietary reservoir monitoring and source acquisition contract in Norway, with a further option to extend by another two years…
Marine seismic data specialist TGS has secured a a three-month proprietary Ocean Bottom Node (OBN) data acquisition contract in the Gulf of Mexico (GoM) for an unnamed 'repeat customer.'The project's acquisition will start in Q4 2023 and reach completion during Q1 2024…
Aurora Energy Services, a recently launched, Aberdeen-based energy industry services provider, said Friday it had appointed Tom Smith as Chief Operating Officer 'as it closes in on further acquisitions which will lay the foundation for establishing a £100 million revenue business…
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…
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