Category: Industry News

Sunoco has announced a definitive agreement to acquire all outstanding shares of Parkland Corporation in a transaction valued at approximately $9.1bn, including assumed debt.

The European Union is set to unveil a road map in Strasbourg to phase out the bloc’s remaining gas ties with Moscow.

Southern Energy SA has reached a final investment decision for the Southern Energy floating liquefied natural gas export project in Argentina.

Subsea7 has secured a contract from Petrobras for the development of the Búzios 11 field, located 180km off the coast of Rio de Janeiro, Brazil.

Shell is reportedly assessing the possibility of a potential acquisition of BP and the company is monitoring stock and oil price trends before making a move

The US DOI has announced plans to revise the BOEM’s 2024 Risk Management and Financial Assurance for OCS Lease and Grant Obligations Rule.

Rising Phoenix Capital has acquired mineral interests in the Midland Basin, operated by ConocoPhillips, reinforcing its presence in one of the most productive energy regions in the US.

OPEC+, is planning to accelerate oil output hikes, potentially bringing an additional 2.2 million bpd back to the market by November.

SBM Offshore has secured a contract with BP Exploration and Production (bp) for the wet tow and installation of the Kaskida semi-submersible Floating Production Unit (FPU) in the deepwater US Gulf.