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Nauticus Robotics Eliminates $4M Debt

Jun 30, 2026

Houston-based Nauticus Robotics has strengthened its balance sheet through a debt-for-equity exchange that eliminates approximately $4 million in outstanding debt while increasing shareholders' equity.The company announced June 30 that an existing lender agreed to convert approximately $4…

Vår Energi Swaps Assets with Equinor to Bolster Gjøa Position

Jun 30, 2026

Vår Energi and Equinor have agreed to swap assets on the Norwegian continental shelf, with Vår Energi increasing its exposure around the Gjøa area and Equinor strengthening its position in the Troll-Fram region.Under the agreement, Vår Energi will acquire a 32…

Eldorado-Vantage Merger Signals Continued Offshore Drilling Consolidation

Jun 29, 2026

On 29 May 2026, Vantage Drilling International and Eldorado Drilling signed a merger agreement under which Eldorado will acquire Vantage, making it a wholly owned subsidiary. As part of the transaction, Vantage shareholders will receive $19 per share in cash…

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Oil Rises as Uncertainty Clouds US-Iran Peace Talks

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