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 proposed acquisitions will be made through EnQuest Petroleum Production Malaysia Limited, which has entered into three separate farmout agreements with Petronas Carigali and E&P Malaysia Venture…
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…
Energy services company Weatherford has entered into a definitive agreement to acquire NCS Multistage Holdings in a transaction aimed at expanding its well completions portfolio and increasing exposure to unconventional resource markets.Under the agreement…
Vantage Drilling has entered into a merger agreement under which Norway-based Eldorado Drilling will acquire the offshore drilling contractor in a transaction valuing the company's equity at approximately $257.6 million.Under the agreement, Vantage shareholders will receive $19…
BP on Monday said it agreed to sell 5% of its stake in the Browse liquefied natural gas project in Western Australia to South Korea's GS Energy.The sale leaves BP with a 39.33% stake in the Woodside-led WDS.AX project, which is expected to cost A$48…
Energy major BP will become the operator of a large offshore natural gas production project in Azerbaijan - the Babek gas field - three industry sources told Reuters on Wednesday.BP already has significant exposure to oil and gas production in the South Caucasus country…
U.S. oil major Chevron has filed an official request to take over a 70% stake from Greece's Helleniq Energy in an offshore block southwest of Greece, the Greek energy ministry said on Thursday, in a move that would further expand the United States' presence in the Mediterranean…
Oilfield services firm Archer has signed a share purchase agreement to acquire isol8, a well technology company specializing in alloy-based barrier solutions and advanced materials used in well completions, intervention and plug and abandonment (P&A) operations…
Eco (Atlantic) Oil & Gas has signed a definitive agreement to farm down a 37.5% working interest in Block 1 CBK offshore South Africa to Navitas Petroleum after the company exercised an option under a previously announced strategic framework agreement…
QatarEnergy has acquired participating interests in three exploration blocks offshore Uruguay from BG International Limited, a subsidiary of Shell.Under the agreements, QatarEnergy has acquired an 18% interest in block ‘OFF-4’, while Shell held 32%…
Woodside Energy will consider matching an offer from Inpex to buy PetroChina’s stake in the Browse gas fields off the coast of Western Australia, CEO Liz Westcott said on Wednesday.Inpex on Friday said it would take PetroChina’s 10.67% stake…
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