Black Sea-focused oil and gas company Trillion Energy International said this week that its 49% cost share for the Black Sea drilling program was fully funded, as the company completed capital raises totaling CDN$ 40.4 Million (USD$32million) year-to-date…
Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and low-carbon energy, the chief executive said on Thursday…
UK North Sea-focused oil and gas company Serica Energy's Board in May and June rejected potential merger proposals from Kistos, an energy industry investment company established in England and Wales in October 2020. Per Kistos, Serica in July sent a counter-proposal…
Cash-strapped offshore construction company Lamprell said Tuesday it had received a combined non-binding indicative all cash offer from Blofeld and Al Gihaz for the acquisition of all remaining Lamprell shares. The Blofeld and Al Gihaz have a combined shareholding of 44…
Norwegian offshore vessel operator Eidesvik Offshore has won a contract with an undisclosed client for the Subsea Viking multi-purpose support vessel.The new contract for the 1999-built vessel will start in the third quarter of 2022 in direct continuation of the current contract…
Resource-poor Japan is facing a historic energy security risk as tensions with Moscow intensify, heightening the threat of gas supply disruptions at a time when global supply is tight and spot prices are sky-high.Last week, Russia seized full…
The UK Department for Business, Energy and Industrial Strategy (BEIS) has awarded the offshore wind farm developer Ørsted a contract for difference for its Hornsea 3 offshore wind farm. The wind farm has been described as the world's single biggest offshore wind farm…
U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion in the same period a year ago, as commodity price volatility left buyers and sellers clashing over asset values…
Tullow Oil Chief Executive Rahul Dhir said on Wednesday no tweaks to the planned all-share merger with Capricorn Energy were necessary, when asked about criticism about the deal as it stands from some Capricorn shareholders.Dhir said Tullow was talking to shareholders of both companies…
Retail investors dumped the rights to buy into a 2 billion euro ($2 billion) cash call at Italian energy services group Saipem on Tuesday, heightening risks for banks that agreed to mop up any unsold shares unless institutional buyers pick up the slack…
Norway's offshore and maritime services provider OSM Maritime (OSM) has bought New Zealand’s oil and gas and offshore marine service firm Kingston Offshore Services. 'The acquisition was completed on June 30th and aims to further strengthen OSM’s current operations and services in Oceania…
Pavel Zavalny, the head of the energy committee in Russia's lower house of parliament, said on Thursday that the Sakhalin-1 oil and gas project in the country's far east, will be put under Moscow's jurisdiction, just like neighboring Sakhalin-2…
Asian spot liquefied natural gas (LNG) prices jumped this week on fears of possible Russian supply disruptions to Japan and on rising demand due to a heatwave and concerns over the return of the Nord Stream pipeline after its planned 10-day maintenance…
British energy regulator Ofgem is proposing reforms to wholesale electricity markets to reduce Britain's reliance on gas imports and accelerate the transition to low-carbon energy supply, it said on Friday.Last year, the government set out plans…
Solstad Offshore has sold the platform supply vessel Normand Aurora for an undisclosed fee.The Norwegian offshore vessel owner said that the delivery of the vessel to the new owner took place Tuesday, July 5, 2022.While Solstad did not say who the buyer was…
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