Equinor has signed an agreement to acquire Sval Energi’s 11.8% share in the Halten East Unit. With this acquisition, Equinor increases its ownership to 69.5%. Halten East is an ongoing offshore development located in the Kristin-Åsgård area in the Norwegian Sea. The development comprises six gas discoveries and three prospects, which will utilise existing infrastructure […]

Woodside has announced the completion of the sale of a 15.1% non-operating participating interest in the Scarborough Joint Venture to JERA, Japan’s largest power generation company. The completion follows Woodside’s announcement on 23 February 2024 that it had broadened its strategic relationship with JERA through a transaction that included: equity in the Scarborough Joint Venture; […]

Global law firm Ashurst has advised Ashtead Technology on the acquisition of Seatronics and J2, an international subsea electronics and ROV tooling rental and services business. Seatronics and J2 have operations in Singapore, UAE, UK and US, and have been part of the larger Acteon Group for over 10 years, providing subsea electronics and tooling […]

Woodside has completed the acquisition of Tellurian Inc. (Tellurian) and its US Gulf Coast Driftwood LNG development opportunity. Woodside has acquired all issued and outstanding Tellurian common stock for approximately $900 million cash, or $1.00 per share. The implied enterprise value is approximately $1,200 million.  Woodside is pleased also to announce it has renamed the […]

3t, the UK-headquartered leader in the provision of training for safety-critical industries, has today announced it will make its seventh acquisition with the purchase of GTSC, the largest energy training business in the Middle East, bolstering its presence across the region in Saudi Arabia, the United Arab Emirates and Egypt. 3t has acquired GTSC from […]

Diamondback Energy has closed its merger with Endeavor Energy Resources. “We are pleased to announce the closing of this transformative merger, creating a ‘must own’ North American independent oil company,” said Travis Stice, Chairman and Chief Executive Officer of Diamondback. “Today, Diamondback is not only bigger, but better. Our high-quality inventory located in the heart of the […]

Reference is made to the joint stock exchange announcement on 18 September 2023 by TGS ASA and PGS ASA) regarding the combination of the two companies, as well as the announcements on 25 October 2023 and 1 December 2023 regarding, respectively, the execution of the definitive merger agreement and approval by the extraordinary general meetings. […]

TotalEnergies has signed an agreement to sell to The Prax Group its entire interest in West of Shetland assets in the United Kingdom (Laggan, Tormore, Glenlivet, Edradour and Glendronach fields, the onshore Shetland Gas Plant and nearby exploration licenses). The transaction is subject to approval from the relevant authorities. These mature assets currently produce about […]

Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has reached an agreement with Carne Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy Pte. Ltd. Pavilion Energy includes a global liquefied natural gas (LNG) trading business with a contracted supply volume comprising about 6.5 […]

With reference to the joint stock exchange announcement on 18 September 2023 by TGS ASA  and PGS ASA regarding the combination of the two companies (Merger) to establish the premier energy data company, as well as subsequent announcements on 25 October 2023 and 1 December 2023 regarding, respectively, the execution of the definitive merger agreement […]