Shell has reached an agreement with Carne Investments, an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy, a Singapore-based global liquefied natural gas (LNG) trading business.Pavilion Energy is an LNG business with a contracted supply volume comprising about 6.5 million tonnes per annum (mtpa).Headquartered in Singapore, Pavilion Energy’s global energy business encompasses LNG trading…
Hess shareholders on Tuesday approved the company's $53 billion merger with No. 2 U.S. oil company Chevron, according to preliminary results of the vote.The merger required a majority vote to approve the deal by a majority of Hess' 308 million shares outstanding to pass…
Unique Group acquired subsea technology and equipment manufacturer Subsea Innovation. The deal elevates Unique Group’s global engineering capabilities, enhances its portfolio and further strengthens the organization’s focus on engineering excellence and technology development…
TotalEnergies has signed an agreement with Sapura Upstream Assets to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV for a consideration of $530 million, subject to closing adjustments.This agreement follows a first agreement signed with OMV on January 31…
Asia Pacific-focused oil and gas company Jadestone Energy has confirmed its participation in the bid process for the proposed sale of Woodside’s interest in the Macedon and Greater Pyrenees projects offshore Western Australia.The bid process…
French energy major TotalEnergies has has signed an agreement with Austria’s OMV to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream for $903 million.The transaction includeds the transfer of a $350 million loan granted by OMV to SapuraOMV…
Nebula Energy, a U.S.-based asset management company focused on liquefied natural gas (LNG), has acquired majority stake in AG&P LNG for $300 million.With operational headquarters in the UAE, AG&P LNG will now operate as an independent subsidiary of Nebula Energy with key offices in UAE…
Fincantieri has set the main terms and conditions for the acquisition of 100% of the shares of Remazel Engineering S.p.A. from Advanced Technology Industrial Group S.A. Remazel is a leader specialized in the design and supply of highly customized and complex topside equipment…
Norwegian subsea services company Reach Subsea has completed the acquisition of the Australian marine survey company Guardian Geomatics Pty. Reach Subsea had announced the proposed acquisition of Guardian Geomatics in October.It said at the…
At least three Chinese companies, including state giant China National Offshore Oil Company (CNOOC) are evaluating Shell's Singapore assets and considering non-binding bids in the coming weeks for the city-state's oldest refinery, according to several sources familiar with the matter…
Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday that recent multi-billion dollar acquisitions by U.S. oil majors Exxon Mobil and Chevron of smaller rivals showed that hydrocarbons were 'here to stay'.'Exxon, Chevron didn't buy because they want to have stranded assets…
Abu Dhabi state fund Mubadala Investment and Japanese oil and gas explorer Inpex are among firms competing to acquire SapuraOMV in a deal expected to be worth about $1.2 billion, according to two sources with direct knowledge.The sale of the…
Longboat Energy, an E&P company active in Norway and Malaysia, has agreed to acquire privately held Topaz Number One Limited ('Topaz'), increasing its working interest in the Production Sharing Contract over Block 2A offshore Sarawak, Malaysia ('Block 2A') to 52…
Asia's top refiner, Sinopec Corp 0386.HK, is not interested in acquiring Shell's refinery or petrochemical plant in Singapore although it is keen on participating in a shale gas project in Saudi Arabia, the Chinese company's president said on Monday…
UK-based oil firm Harbour Energy said Thursday it would sell its business in Vietnam to Big Energy Joint Stock Company for a consideration of $84 million. Harbour Energy's Vietnam business includes a 53.125 percent interest in the Chim Sao and Dua producing fields in Block 12W…
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