Deal News
Validus Energy reportedly set to acquire Citizen Energy in $2bn deal
Validus Energy, a privately held oil and gas producer, has agreed to acquire Citizen Energy for over $2bn, including debt, Reuters reported.
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Industry News
Norway unveils Norther Lights carbon capture and storage facilitiesÂ
The Norwegian Energy Ministry unveiled the transport and storage facility in Øygarden, near Bergens, to aid Europe’s energy transition.
Company News
Sawan South JV discovers hydrocarbons in Pakistan’s Sindh ProvinceÂ
Pakistan’s OHDCL has announced that Sawan South Joint Venture has discovered has in district Khairpur, Sindh Province.Â
Contract News
Technip Energies and JGC secure FEED contract for Rovuma LNG projectÂ
Technip Energies and JGC Corporation have been awarded the FEED contract for the Rovuma LNG project in Mozambique. Â
Deal News
Prio positive about negotiations with Sinochem for 40% stake in Peregrino fieldÂ
Prio is currently in optimistic discussions with China’s Sinochem regarding the acquisition of a 40% stake in the Peregrino oil field.
Industry News
Aramco raises $3bn in debt sale as Saudi Arabia drops $100 barrel oil price
Aramco has been forced to raise $3bn from Islamic bonds to pay dividends, all while Saudi Arabia plans to rescind its $100 a barrel oil price
Gulf of Mexico
Almost 30% of the Gulf of Mexico’s oil now shut-in as Hurricane Helene looms
Almost 30% of the Gulf of Mexico oil activities are now shut-in, as Hurricane Helene approaches.
Industry News
Russian ‘shadow fleet’ poses major oil spill risk in Baltic SeaÂ
A Greenpeace report shows that the aging vessels pose a major environmental concern in one of the busiest shipping regions in the world.
Contract News
APA partners with Palantir to leverage AI in oil and gas operationsÂ
US oil and gas company APA has expanded its agreement with artificial intelligence (AI) company Palantir Technologies.Â