Australian gas producer Woodside Petroleum Ltd's agreed merger with BHP Group's petroleum arm is in the best interest of its shareholders, an independent expert said, valuing the combined group at around $40 billion.Global miner BHP agreed to…
U.S. oil major ExxonMobil has made a final investment decision for its fourth and largest oil field development offshore Guyana - the Yellowtail - after receiving government and regulatory approvals.ExxonMobil said that the Yellowtail project in the Stabroek Block is expected to produce about 250…
Norwegian energy company Equinor has partnered up with Naturgy, with the two firms entering a development agreement prior to Spain’s first upcoming offshore wind auction off the coast of the Canary Islands.The Spanish government plans to develop up to 3 GW of offshore wind by 2030…
Hungarian oil and gas company MOL has signed a deal to sell its entire upstream portfolio in the UK North Sea to Waldorf Production.The divested offshore assets include MOL’s 20% stake in the Catcher field, a 50% stake in Scolty & Crathes, and a 21…
Norway-based subsea services company Reach Subsea is set to close the acquisition of the offshore survey company iSurvey, first announced in mid-February.As previously reported, Reach Subsea said on February 17 it had agreed to buy the offshore…
Offshore drilling contractor Stena Drilling said in a social media post it was preparing to introduce the newest addition to its drilling fleet, the Stena Evolution drillship.'The Stena Evolution will be a technologically advanced 7th Generation ultra-deepwater drillship…
Tongues are wagging in the offshore sector, as one of the longest-running rumors in the market has finally come true. U.S. offshore vessel owner Tidewater Marine has acquired Singapore's Swire Pacific Offshore for USD 190 million, the company’s…
The Metals Company (TMC), a company extracting battery metals from seafloor polymetallic nodules, said Friday its subsidiary NORI had signed a non-binding term sheet with its strategic partner and shareholder, Allseas to develop and operate a commercial nodule collection system…
Norwegian offshore drilling technology company Enhanced Drilling said Wednesday that Spanish Repsol had signed up to use its RMR Riserless Mud Recovery system in the Norwegian part of the North Sea in a multi-well deal due to start in May 2022…
The Renewables Infrastructure Group (TRIG) has acquired a 7.8% stake in the huge Hornsea One wind farm located off England's Yorkshire coast, it said on Thursday.TRIG bought the stake from Global Infrastructure Partners for an undisclosed sum…
Portugal plans to hold its first auction for floating offshore farms this summer, which it hopes will be able to produce between 3 and 4 gigawatts (GW) of power in 2026, Environment and Energy Transition minister Joao Matos Fernandes told Reuters…
The Hongkong based Unmanned Surface Vessel manufacturer OceanAlpha is showcasing its innovative USV portfolio for inland hydrography survey, offshore operation and maintenance (O&M) and smart rescue solutions at the Oceanology International (OI2022) held from March 15 to 17 in London Excel…
Nigeria's Seplat Energy is on track to buy Exxon Mobil's offshore shallow water business in the country for $1.28 billion, Seplat's chairman told Reuters on the sidelines of the CERAweek energy conference by S&P Global.The comments come amid…
Japan's Mitsui OSK Lines, Toho Gas, and Hokuriku Electric Power will buy a stake of 25% in Formosa International Investment from Australia's Macquarie Group to enter Taiwan's offshore wind power business.The Japanese firms said the deal takes them into the overseas offshore wind power market…
Malaysian offshore oil and gas services provider Alam Maritim has won a contract with Petrofac to provide transportation, installation, and pre-commissioning of flexible risers for the Cendor pipeline project in Malaysia. The total contract value is RM52 million (around $12…
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