Mitsui O.S.K. Lines, Ltd. completed the purchase on the market of 89,500 shares of common stock of MODEC, Inc. and along with the 10,162,300 shares already acquired in June 2023, MOL now holds a 15% stake in MODEC and will make it an equity-method affiliate…
Archer has agreed to acquire an additional 10% of the shares in Iceland Drilling from its joint venture partner Kaldbakur for $2.5 million, settled in Archer limited shares, bringing Archer’s total ownership to 60%.Iceland Drilling is a leader in high-temperature geothermal drilling…
Australia’s Woodside Energy has signed an agreement with Dutch-based OCI Global to acquire its clean ammonia project for $2.35 billion, which is still under construction on the U.S. Gulf Coast in Texas.Woodside has entered into a binding agreement to acquire 100% of OCI Clean Ammonia Holding…
Oilfield services firm Archer has entered into an agreement with Air Drilling Associates to acquire its managed pressure drilling (MPD) subsidiary ADA Argentina.ADA provides MPD services to Archer's largest customers in the Vaca Muerta basin in Argentina…
Brazilian oil and gas companies Enauta and 3R Petroleum have completed all conditions for the previously announced merger, which is set to be finalized on July 31, 2024.The merger follows the memorandum of understanding (MoU) the companies signed in April…
UK-based oil and gas company Viaro Energy reached an agreement with Shell and ExxonMobil for the acquisition of a full working interest in the Shell-operated UK Southern North Sea assets owned by the two supermajors.Viaro Energy made the deal…
Oilfield services firm Helmerich & Payne Inc will acquire Britain's KCA Deutag International for $1.97 billion in cash, making the combined company one of the biggest rig providers in the Middle East, the companies said on Thursday.Oilfield…
OEG Energy Group has completed the acquisition of Offshore Painting Services (OPS Wind), a provider of specialist operations and maintenance (O&M) and training services to the offshore wind sector.OPS Wind has its head office in Liverpool with a regional office in Llandudno…
Australian oil and gas company Woodside Energy has entered into definitive agreement to buy U.S. liquefied natural gas (LNG) developer Tellurian, including its owned and operated US Gulf Coast Driftwood LNG development opportunity, for a total of $1…
India’s Oil and Natural Gas Corporation Limited (ONGC) Videsh has signed a definitive $60 million sale and purchase agreement (SPA) with Equinor to increase its stake in the offshore Azeri Chirag Gunashli (ACG) oil field and associated pipeline in Azerbaijan…
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…
Scotland-based wells and subsurface specialist Elemental Energies has acquired Norway-based well management and consultancy company Well Expertise, forming one of the world's largest specialist wells, subsurface and project management companies…
The Netherlands-based subsea services company N-Sea announced it has finalized a deal to acquire Geo Plus based in Groningen, The Netherlands.Geo Plus operates a fleet of five specialized survey vessels—Geo Ranger, Geo Focus, Geo Explorer, Geo Motion…
Norway-based seismic firms TGS and PGS have officially completed their merger, creating a ‘premier’ energy data company.After clearing all regulatory hurdles for the merger, the most recent of which was the approval from the UK Competition and Markets Authority…
Spain's Repsol is in talks to merge its UK North Sea oil and gas business with private equity-backed NEO Energy, three industry sources said, the latest consolidation effort by companies that operate in the basin amid greater tax pressures.A…
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