BP has sold a 5% stake in Norwegian oil and gas producer Aker BP for approximately $1.06 billion (NOK 9.83 billion), reducing its ownership from 15.9% to around 10.9% as it moves to strengthen its balance sheet.The company said proceeds from the sale would be used to strengthen its balance sheet, while raising its expected full-year 2026 divestment and other proceeds to approximately $9 billion, around $1 billion above its previous guidance…
Eco (Atlantic) Oil & Gas has completed the farm-down of 60% participating interests in three Namibia’s offshore exploration licenses to BP, transferring operatorship of the blocks and clearing the way for a new seismic exploration program.The transaction covers Block 2012A under PEL97 (Cooper)…
Subsea7 has agreed to sell its Seaway7 heavy transportation business, comprising six semi-submersible vessels, to HEA Energy in a transaction linked to its proposed merger with Saipem.The sale covers six open-deck semi-submersible heavy transportation vessels…
The tribunal of Brazil's antitrust agency (CADE) has approved the merger of Italian oilfield services company Saipem and Norway's Subsea7, Saipem said on Wednesday.Brazil's green light is an important step towards the completion of the deal…
Aventa has added Aberdeen-based Offshore Projects Alliance (OPA) to its group, expanding its offshore personnel and subsea cable installation crewing services for offshore wind and subsea cable projects.OPA, founded in 2017, provides specialist personnel covering subsea cable route preparation…
TotalEnergies has signed an agreement to sell a 40% participating interest in Nigeria's OPL257 offshore block to South Atlantic Petroleum (SAPETRO), ahead of an appraisal campaign targeting the potential development of the Egina South oil discovery…
Shell has agreed to sell its 16.67% non-operated interest in Australia's North West Shelf (NWS) LNG project to subsidiaries of XRG for a base consideration of $1.45 billion.The deal covers Shell's interest in the North West Shelf project in Western Australia…
Kistos has signed a binding agreement with Petrogas North Sea to acquire a 30% non-operated interest in the Abbey and Baker gas fields in the UK Southern North Sea, targeting first gas production in 2029.The agreement, signed through Kistos Energy…
Portugal's government is assessing whether to increase its 8% stake in oil company Galp Energia after the collapse of merger talks with Spain's Moeve, the economy minister said on Sunday as it seeks to safeguard strategic assets including the country's only oil refinery…
TotalEnergies has signed agreements to acquire a 30% operated interest in the Lang Lebah and B14 gas fields offshore Malaysia, paving the way for an integrated development expected to unlock more than 6.5 trillion cubic feet of gas resources…
Global investment firm Carlyle and the European Bank for Reconstruction and Development (EBRD) have agreed to sell Black Sea Oil & Gas (BSOG), Romania's largest offshore natural gas producer, to Mazarine Energy.The transaction covers Black Sea Oil & Gas and BSOG Holding Activity…
GE Vernova Inc. announced that it will acquire Trench Group, a provider of high-voltage grid equipment, from investment firm Triton Partners. The deal will create scale across GE Vernova’s Electrification product lines, expanding its capabilities…
TotalEnergies has acquired a 25% working interest in 26 Chevron-operated exploration leases offshore the United States, expanding its offshore exploration portfolio and strengthening its partnership with Chevron.As part of the transaction, Chevron…
Woodside Energy has agreed to sell its 33.44% participating interest in the Greater Sunrise gas project in the Timor Sea to Timor-Leste's national oil and gas company TIMOR GAP for up to $200 million, paving the way for the latter to consolidate ownership of the development…
The Chouest Group and the founders of Horizon Maritime Services have announced a strategic partnership that includes the acquisition of the Canadian offshore and marine services company from CFFI and its lender, HPS.The transaction expands the Louisiana-based Chouest Group's presence in Canada…
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