Italian energy services company Saipem has signed a binding agreement to sell its shallow-water drilling business in Saudi Arabia to ADES Saudi Limited Company for $285 million, as it seeks to focus on deepwater and harsh-environment offshore drilling.The transaction covers Saipem's entire shareholding in Saudi Arabian Saipem Limited (SAS), a company active in shallow-water offshore drilling operations…
Indonesian offshore vessel operator PT Wintermar Offshore Marine (WINS) has acquired the remaining stakes in Singapore-based Fast Offshore Supply (FOS) and its subsidiary PT Fast Offshore Indonesia (FOI), gaining full control of both companies…
German utility RWE has agreed to acquire additional indirect stakes in transmission system operator Amprion for $4.1 billion (€3.6 billion), raising its total holding in the company to 55% and expanding into regulated grid infrastructure.RWE has agreed with five shareholders of M31…
The general superintendence of Brazil's antitrust watchdog CADE approved the proposed merger between energy contractors Subsea7 and Saipem without restrictions, a document seen by Reuters showed on Tuesday.The merger between two of the leading…
The shareholder in offshore drilling contractor Vantage Drilling have approved its proposed merger with Norway-based Eldorado Drilling, advancing a transaction that values Vantage's equity at approximately $258 million.The approval was secured at a special general meeting held in Bermuda on June 18…
Norwegian oil and gas producer Vår Energi has agreed a series of transactions on the Norwegian Continental Shelf that will strengthen its position in core producing hubs, increase ownership in key development projects and provide greater flexibility in capital allocation…
Kosmos Energy has completed the sale of its interests in the Ceiba Field and Okume Complex production assets in Block G offshore Equatorial Guinea to Panoro Energy, as the company continues to streamline its portfolio and strengthen its balance sheet…
Australia's Woodside Energy said on Monday it was not aware of any proposal involving U.S. major Exxon Mobil and was not engaged in discussions regarding a potential transaction, responding to recent media speculation.Woodside's shares fell 2…
Serica Energy has completed the acquisition of a 10% interest in the Catcher field and a 5.21% interest in the Golden Eagle Area Development (GEAD) from ONE-Dyas.The acquisition, first announced in September 2025, further diversifies Serica's…
EnQuest has agreed to acquire interests in four offshore production sharing contracts (PSCs) in Malaysia for up to $833 million, a deal that would significantly increase the independent energy company's production, reserves and cash flow.The…
TGS has acquired Apparition Geoservices, securing exclusive access to the company's proprietary simultaneous source acquisition and separation technology aimed at improving seismic survey efficiency and subsurface imaging.The acquisition combines…
OEG has acquired Hybrid Resource Management, an onshore and offshore wind workforce solutions provider, in a move to strengthen its technical services capability and expand its presence in the operations and maintenance (O&M) wind market across the UK and Europe…
Motive Offshore Group has acquired subsea cable monitoring and integrity technology company C-Kore in a move aimed at expanding its testing, inspection and certification (TIC) capabilities.The acquisition is expected to increase the contribution…
Capricorn Energy said on Wednesday the deadline for Cafani Group-linked investment vehicle Alamadiyaf al‑Masiyyah to make a formal takeover offer for the London-listed oil producer has been extended for a third time to July 1.Alamadiyaf al‑Masiyyah…
Energean has announced that of the joint venture partners in Angola's Blocks 14 and 14K, Etu Energias, has notified seller Chevron that it intends to exercise pre-emption rights over the proposed sale of Chevron's interests in the offshore assets…
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