Ecopetrol has signed a share purchase agreement to acquire about 26% of Brava Energia and plans to launch a tender offer to gain majority control of the company.The agreement covers the purchase of 120,813,490 common shares from a group of selling shareholders, including Somah Printemps Quantum Group, Jive Group and Yellowstone, as well as other minority shareholders.The transaction is subject to customary conditions…
The MISC Group revenue of RM2,891.4 million ($729 million) was 2.7% higher than the revenue for the period ended March 31, 2025.The increase was mainly due to higher revenue from the company’s Petroleum and Product Shipping segment, primarily driven by higher freight rates and earning days…
Wood has secured a contract by China Offshore Oil Engineering Company (COOEC) to deliver detailed design work for QatarEnergy’s Bul Hanine EPIC2 offshore oil and gas redevelopment project in Qatar.The scope includes the design of 25 subsea pipelines…
Consultancy firm ABL Group has agreed to acquire Malaysia-based process safety and technical risk consultancy SynergenOG, expanding its engineering and risk management capabilities for the energy sector.ABL Group said SynergenOG would be integrated…
Dutch floating production specialist SBM Offshore raised its 2026 revenue guidance on Thursday after first-quarter directional revenue more than tripled, driven mainly by its turnkey business and the sale of One Guyana.The company sold One Guyana…
Southeast Asia is entering a critical second wave of deepwater gas development targeting 28 trillion cubic feet of resources across Indonesia, Malaysia and Brunei. However, delivering these projects won’t be easy, says Wood Mackenzie.The models suggest these projects have fragile economics…
The Chouest Group announced it has completed the acquisition of the Alliance business from Helix Energy Solutions Group. Alliance will be integrated into Champagne Energy Solutions (CES), expanding the Group’s offshore decommissioning and plug & abandonment (P&A) platform…
Exxon Mobil beat estimates for adjusted earnings on Friday, helped by higher output in Guyana and the Permian Basin, though unadjusted profit dropped to its lowest level in five years due to global supply disruptions from the Iran warthat the company's CEO cautioned could worsen in coming months…
ABL Group, via its Egypt-based units, has signed a memorandum of understanding (MoU) with PetroSafe to collaborate on onshore and offshore technical services for energy assets in Egypt.The agreement covers offshore and onshore facilities and…
Offshore services firm Tekmar Group has secured two contracts worth a combined $2.6 million (£2 million) for an offshore wind farm project in Japan.The main contract involves the supply of Tekmar’s 10th generation cable protection technology directly to the wind farm developer…
Record output from wind farms has helped boost total clean power supplies in the United Kingdom to new highs so far in 2026, and allowed power firms to pare use of fossil fuels to multi-year lows.The growth in wind output has helped shield the UK power system from the worst effects of the U…
Enersea has completed the detailed design of two offshore substation jackets for the Hornsea 3 offshore wind farm in the United Kingdom.The two jackets, Link 01 and Link 02, each weigh around 3,500 tonnes and will support offshore substations of about 9…
Norway’s IKM Gruppen has acquired Hendrik Veder Group, headquartered in Rotterdam.The combined entity will operate under the new name IKM Hendrik Veder.Hendrik Veder Group brings a distinguished 225-year legacy, making it one of the oldest maritime enterprises in the Netherlands…
In separate ad hoc meetings of the Gas Coordination Group and the Oil Coordination Group held on March 12, the Commission and EU countries assessed the situation concerning the EU’s gas and oil security of supply in view of the continued disruptions in the Middle East…
Louis Dreyfus Company B.V. (LDC) appointed Sébastien Landerretche as the Group’s Chief Financial Officer (CFO), effective March 18 and based in Switzerland.Landerretche joined the Group in 2004, leading global ocean freight research, based in China…
Subscribe
