SED Energy Holdings and Ventura Offshore have signed a letter of intent for an all-share combination that would create an energy services group with about $1.3 billion in contracted revenue backlog and an implied pro forma equity value of approximately $1 billion.Under the proposed transaction, SED Energy Holdings would acquire 100% of Ventura Offshore's outstanding shares, with Ventura shareholders receiving up to 605 million new Energy Holdings shares…
Mexico’s state-run oil firm Pemex has begun repairing an offshore pipeline after a crude oil release about 46 nautical miles off Ciudad del Carmen, Campeche, with the pipeline isolated and no further oil being released.Personnel at the Cantarell…
Petronas has awarded a production sharing contract for Malaysia's Estuary Cluster to Harvester Energy and handed over enhanced seismic data for the Mutiara Cluster to DIALOG Resources, advancing development of discovered oil and gas resources in two Malaysian basins…
Larsen & Toubro Energy Hydrocarbon Offshore (LTEH Offshore) has secured an offshore Engineering, Procurement, Construction, Installation, and Commissioning (EPCIC) contract from India's Oil & Natural Gas Corporation (ONGC) for the Additional…
McDermott has secured a subsea contract from Eni for the Cronos gas field development offshore Cyprus, following the recent final investment decision for the country's first gas development.Under the contract, worth between $500 million and $750 million…
Italian oil company Eni has improved its chances of recovering more than $2.3 billion owed by Venezuela with the signing this week of a new oil project deal in the country, analysts said on Friday.After nearly three decades in Venezuela, Eni…
Britain is expected to give approval on September 15 to bring the Jackdaw gas field online, ending years of legal delays, The Times newspaper reported on Friday, citing government sources.The decision on the field, which is operated by a joint…
Proserv has secured a full deployment contract with Equinor to install its ECG™ cable monitoring technology at the 402 MW Dudgeon Offshore Wind Farm off the Norfolk coast, UK, with deployment scheduled to commence in 2027.Located approximately 32 km off the north Norfolk coast…
Ørsted has celebrated the completion of major construction works for the 920MW Greater Changhua 2b and 4 offshore wind farms. Following the 900 MW Greater Changhua 1 and 2a offshore wind farms that came into operation in 2024, this is Ørsted's second gigawatt-scale offshore wind project in Taiwan…
U.S. oil company North American Blue Energy Partners will take over some oilfields previously controlled by several Chinese companies and a Russian firm, two U.S. officials told Reuters on Monday.The takeover will be part of a sweeping oil production…
An unprecedented deal for the U.S. to gain access to a fifth of Venezuela's oil reserves - and the central role a Venezuelan businessman will play - is prompting questions and hesitation from some oil companies evaluating potential investments in the country…
U.S. President Donald Trump said Monday that ExxonMobil, the largest U.S. oil major, was among a group of companies planning to do business in Venezuela.Exxon declined to comment. Any entrance into the South American country would mark a stunning…
Ørsted and Nuveen Infrastructure’s German offshore wind farm Borkum Riffgrund 3 has been commissioned and is now in commercial operation. With an installed capacity of 913MW, the project is one of Germany’s largest offshore wind farms currently in operation…
General Hydrocarbons Limited (GHL) has approached Dolphin Drilling with a non-binding proposal combining a potential deployment of the Blackford Dolphin rig in Nigeria with a cash settlement of a portion of an approximately $105 million arbitration award…
Windey Energy Technology Group has approved investment in the 300 MW Cangnan No. 6 offshore wind project in China's Zhejiang Province, with total investment set at $457 million (3.07 billion yuan).The project's approved capacity has been increased…
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