SBM Offshore has entered into a shareholders' agreement with long-standing business partner NYK to divest a 45% ownership interest in the special purpose companies related to the lease and operation of the Chalchi floating storage and offloading (FSO) unit.The offshore energy services provider said it would remain the majority shareholder with a 55% ownership interest. The proposed transaction remains subject to several conditions precedent and approvals…
Capricorn Energy said on Wednesday the deadline for Cafani Group-linked investment vehicle Alamadiyaf al‑Masiyyah to make a formal takeover offer for the London-listed oil producer has been extended for a third time to July 1.Alamadiyaf al‑Masiyyah…
Vantage Drilling has entered into a merger agreement under which Norway-based Eldorado Drilling will acquire the offshore drilling contractor in a transaction valuing the company's equity at approximately $257.6 million.Under the agreement, Vantage shareholders will receive $19…
SOCAR, TotalEnergies, ADNOC's XRG and Turkey's BOTAS have signed a natural gas sales and purchase agreement for gas to be produced from Azerbaijan's Absheron field.The agreement was signed on the sidelines of Baku Energy Week, by SOCAR President Rovshan Najaf…
BP and its partners have started non-associated gas (NAG) production at the Azeri-Chirag-Gunashli (ACG) field offshore Azerbaijan, marking the first commercial gas production from one of the world's largest oil-producing fields.The initial gas…
Energy major BP will become the operator of a large offshore natural gas production project in Azerbaijan - the Babek gas field - three industry sources told Reuters on Wednesday.BP already has significant exposure to oil and gas production in the South Caucasus country…
Oil prices edged higher on Thursday, as investors monitored peace talks between the United States and Iran, while supply tightness and U.S. inventory drawdowns provided some support.Brent crude futures LCOc1 rose 40 cents, or 0.4%, to $105.42 a barrel by 0809 GMT…
Eastern Mediterranean-focused gas producer Energean cut its 2026 production forecast and dividend on Wednesday after a 41-day shutdown of its Israeli operations hammered its first-quarter results.The company's power floating production vessel…
Wison New Energies has started topsides fabrication of the floating production unit (FPU) for the Sakarya Gas Field Development Project Phase 3, developed by Turkish Petroleum (TPAO), marking a new milestone for the Black Sea gas development…
Oil fell by nearly 2% on Tuesday after U.S. President Donald Trump said he had paused a planned attack on Iran to allow for negotiations to end the war in the Middle East.Trump posted on social media on Monday that he was holding off on a planned military attack on Iran scheduled for Tuesday…
Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as U.S. President Donald Trump is expected to discuss military options on Iran…
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…
Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency said in its monthly oil market report on Wednesday.'With Hormuz tanker traffic still restricted…
Dolphin Drilling has signed a contract with Harbour Energy for the semi-submersible drilling rig Paul B. Loyd Jr. in the U.K. sector of the North Sea, adding about $150 million in firm backlog, while also securing extension for Blackford Dolphin rig operating off India…
Oil prices rose nearly 1% on Tuesday as talks to end the U.S.-Israeli war on Iran appeared fragile, with Tehran's response to a Washington proposal highlighting stark differences that have kept supply concerns alive.Brent crude futures were up 86 cents…
AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week
