Seadrill Limited (“Seadrill” or “the Company”) (OSE:SDRL, OTCPK:SDRLF) announces that the Company has reached a settlement agreement with Northern Ocean Ltd. (“NOL”) predominantly with respect to balances outstanding from Seadrill’s preparation of the West Mira and West Bollsta rigs. The settlement agreement closes all outstanding balances, claims and counter-claims between the companies and their respective […]

FAR Limited has announced the completion of the sale of its entire interest in the Senegal RSSD joint venture to Woodside Energy (Senegal) BV. In line with guidance given at the FAR Annual General Meeting, and as a result of completion, FAR has received US$126 million from Woodside. Additional payments to FAR, up to US$55 […]

ExxonMobil Chemical Company has signed an agreement with Celanese for the sale of its global SantopreneTM business for $1.15 billion, subject to working capital and other adjustments.  $1.15 billion sale advances strategic business objectives Sale includes two manufacturing sites in the United States and United Kingdom The sale includes two world-scale manufacturing sites in Pensacola, Florida […]

Stena drilling, an independent drilling contractor has announced its acquisition of a 30% stake in intebloc, an award winning specialist digital lifting technology solutions provider, which improves the safety and productivity of offshore lifting operations. The deal marks another milestone on Stena Drilling’s digital evolution, as it positions itself as one of the most digitally efficient […]

Following the completion of AqualisBraemar’s acquisition of LOC Group in December 2020, the two groups have successfully finalised their integration process ahead of the original schedule, operating as AqualisBraemar LOC group with immediate effect.  The two companies have thereby created a leading global independent offshore energy and marine consultancy. In total, AqualisBraemar LOC has over […]

Puma Energy Holdings Pte. Ltd, Trafigura PTE Ltd and Sonangol EP have announced the milestone signing of a series of agreed transactions. First, Trafigura has agreed to purchase from Sonangol its entire shareholding in Puma Energy for the sum of US$600m. Second, Puma Energy has agreed the sale of its Angolan business and assets to […]

Reconnaissance Energy Africa Ltd. and Renaissance Oil Corp. has announced that they have entered into a letter of intent (the “LOI”) setting forth the material terms and conditions upon which ReconAfrica will acquire all of the issued and outstanding common shares (the “Renaissance Shares”) and convertible securities of Renaissance (the “Transaction”). The Transaction is expected […]

Noble Corporation has announced the completion of its acquisition of Pacific Drilling Company LLC, effective on April 15, 2021. Pacific Drilling’s high specification ultra-deepwater drillship fleet further enhances Noble’s global position as an owner and operator of one of the most modern and technically advanced fleets in the offshore drilling industry.    Robert Eifler, President and […]

Northern Oil and Gas has announced that it closed on its previously announced acquisition of properties owned by Reliance Marcellus, LLC on April 1, 2021. HIGHLIGHTS Extends Northern’s non-operated model to Appalachia – the leading US natural gas basin – and creates a national non-operated franchise, diversified by region and commodity mix Northern paid closing […]

Tailwind Energy has announced the acquisition of Decipher Energy Limited. This acquisition will allow Tailwind to continue to deploy its strategy of exploiting organic production and near-term reserves growth opportunities whilst building out the Tailwind portfolio. The transaction is subject to statutory regulatory and government approvals. Tailwind is a privately owned, next generation oil and […]