Category: News

Sable Offshore has closed its upsized underwritten public offering, issuing 10 million shares at $29.50 each.

Vermilion Energy has reached a definitive agreement to divest its assets in Saskatchewan and Manitoba for $415m in cash proceeds.

Turkey has committed to supplying Syria with two billion m3 of natural gas annually, a move set to enhance the power generation capacity.

The Railroad Commission of Texas has raised alarms about the increasing underground pressure in the Permian Basin, resulting from the disposal of wastewater from shale oil wells.

Brazil’s senate has passed an environmental licensing bill, potentially expediting oil exploration projects by standardising procedures.

Egypt is in negotiations with energy firms and trading houses to purchase 40 to 60 cargoes of liquefied natural gas (LNG).

Pemex, is planning a corporate restructuring that includes cutting more than 3,000 tenured jobs to reduce costs and improve operational efficiency

DeepOcean has acquired 100% shares of Shelf Subsea, an independent subsea services company based in Australia.

Bilfinger UK has been awarded a significant contract with National Gas to ensure the continuous flow of gas through the National Transmission System (NTS) pipelines.

Bumi Armada’s subsidiary, Armada Kojo, has entered a production sharing contract (PSC) with Indonesia’s Ministry of Energy and Mineral Resources for the exploration and development of the Kojo block in the Makassar Strait.