As oil industry officials from around the world descend on Guyana for a conference to showcase its potential as an oil power, the biggest player in its oil boom still has decisions to make on its future in the South American country.Liam Mallon…
Brussels-headquartered data and analytics group Kpler has bolstered its presence in the maritime space with the acquisition of ship tracking companies MarineTraffic and FleetMon, the company said on Wednesday. Tracking the movement of ships has become an integral part of trading strategies…
Houston-based firm SCF Partners has acquired Abedeen-based engineering, procurement and construction (EPC) service provider Global E&C, from Global Energy Group for an undisclosed sum.Global E&C employs more than 1,000 people, with more than…
Norwegian oil and gas company Equinor, on behalf of its partners in the Snøhvit offshore gas field in the Barents Sea, has awarded Aibel a major contract for Hammerfest LNG modifications in connection with the Snøhvit Future project.The Snøhvit…
Archer Limited and Baker Hughes Limited have signed official agreements for Archer to buy Baker Hughes' coil tubing and pumping (CT&P) business in the United Kingdom.The definitive agreement follows a term sheet signed in January.Baker Hughes…
Trinidad and Tobago's energy minister met Venezuelan officials on Monday, according to Venezuela's state media, the first high-level visit since the United States last month greenlighted the joint development of a key offshore gas project. The…
Oil and gas well services firm Expro said Thursday it had acquired the well construction cementing specialists DeltaTek Global.'The acquisition allows Expro to broaden its offering, capabilities, and technology portfolio within the well construction cementing sector…
Italian energy group Eni is discussing with Norwegian private equity firm HitecVision a sale of a stake in its retail and renewables unit Plenitude, according to sources with knowledge of the talks.After freezing plans for an initial public…
A developer set to produce wind energy off the coast of Massachusetts has announced a name change. The company formerly known as Mayflower Wind said on Tuesday it has changed its name to SouthCoast Wind Energy LLC, to 'better reflect the company’s commitment to the people…
Golar LNG agreed to acquire New Fortress Energy's (NFE) ownership stake in FLNG Hilli in exchange for Golar's remaining 4.1 million shares in NFE and $100 million in cash.Golar will also take over approximately $323 million in debt obligations linked to Hilli…
Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are…
The Norwegian company BOA OCV said Monday it had agreed to sell the subsea construction vessel BOA Sub C. The company did not say who the buyer was or what the vessel's sale price was.'After completion of closing, BOA OCV expects, over one or several sweeps over the next three months…
Oil and gas company Neptune Energy and its partner, Spirit Energy, said Wednesday that production had started from the tenth well at the Cygnus gas field in the southern North Sea, offshore the UK.Neptune said that the start-up of the well unlocked additional supplies for UK homes and businesses…
Four Greenpeace activists on Tuesday boarded the heavy transportation vessel carrying Shell's Penguins FPSO aboard, calling on the oil major to 'Stop Drilling. Start Paying.'Six Greenpeace International activists attempted, and four managed…
Veritas Capital has completed the acquisition of energy industry intelligence company Wood Mackenzie from Verisk.The acquired company will be led by Mark Brinin, who has been promoted from Co-President to Chief Executive Officer. Joe Levesque…
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