ConocoPhillips has completed the purchase of the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $2.7 billion cash (CAD$3.7 billion) after closing adjustments, as well as future contingent payments of up to approximately $0.3 billion (CAD$0.4 billion). ConocoPhillips now owns 100% of Surmont and will continue as operator. “Long-life, low sustaining […]

TGS ASA  and PGS ASA  has disclosed that they have agreed the principal terms of a combination of TGS and PGS to create a strong full-service energy data company. The transaction is expected to be completed as a statutory merger pursuant to Norwegian corporate law, with merger consideration to PGS shareholders in the form of […]

A.P. Moller – Maersk (Maersk) has reached an agreement with A.P. Moller Holding, the parent company of the A.P. Moller Group, for an intended divestment of Maersk Supply Service (MSS), a leading provider of global offshore marine services and project solutions for the energy sector. “We are very pleased to see Maersk Supply Service will […]

Northern Oil and Gas, Inc. ( NOG)  has closed its previously announced acquisition of Northern Delaware Basin assets from Novo Oil & Gas Holdings, LLC, an EnCap portfolio company (Novo), on August 15, 2023. NOG jointly acquired the assets with Earthstone Energy, Inc. (Earthstone), which will become the operator of substantially all the assets. In […]

The Management of the Nigerian Maritime Administration and Safety Agency, NIMASA, has handed over the leased site at the Continental Shipyard Limited (CSL) of the Nigerian Ports Authority to the technical partners, Melsmore. The technical partners are to liaise with the Management of the Nigerian Ports Authority in finalising site management, which include risk assessment […]

  Chevron Corporation a world leading integrated energy companies has announced that it has finalized the acquisition of PDC Energy, Inc. this following the approval by PDC Energy shareholders on the acquisition deal.  “We’re pleased to welcome PDC Energy into Chevron,” said Bruce Niemeyer, Chevron’s president for Americas Exploration & Production. “Our companies have similar […]

A proposed mega joint venture between SLB, Subsea7 and Aker Solutions cleared regulatory review and is moving toward a Q4 2023 closing has been secured. The joint venture is planned as a milestone in subsea production economics by helping customers unlock reserves, reduce time to first oil, lower development costs and achieve decarbonization goals. The […]

TotalEnergies has reiterated its commitment in boosting its investment in the renewable energy sector with announcement that it is buying out Total Eren’s other shareholders, increasing its stake from close to 30% to 100%. The Total Eren teams will be fully integrated within TotalEnergies’ Renewables business unit. The deal follows the strategic agreement signed between […]

Seadrill Limited has completed its acquisition of Aquadrill LLC. As a result of the transaction, Aquadrill became a wholly owned subsidiary of Seadrill. In connection with the completion of the transaction, Seadrill issued an aggregate 29,866,505 common shares to former Aquadrill unit holders and equity award holders, resulting in issued share capital of $798,665.03 divided […]

A.P. Møller Holding A/S (A.P. Moller Holding) today announces that it has entered into an agreement to acquire Maersk Supply Service A/S (Maersk Supply Service) from A.P Møller – Mærsk A/S (A.P. Moller – Maersk). The ambition is to establish a leading offshore marine company servicing the offshore wind industry by building on the solid […]