Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Ovintiv has closed the $3 billion sale of its Anadarko Basin assets in Oklahoma, with proceeds expected to reach $2.85 billion and support debt reduction and portfolio optimization.
Read MessageThe US and Iran prepared for direct talks in Pakistan with the Strait of Hormuz still effectively shut and Israel and Hezbollah exchanging fire.
Read MessageThe Chevron-led consortium secured commitment from relevant parties to execute a term sheet and a host government agreement to enable the piped export to Egypt of 100 percent of production from the Aphrodite field.
Read Message'The discovery has the potential for subsea tie-backs to an adjacent Occidental-operated facility and others in the nearby area'.
Read MessageThe Spanish power and gas utility has raised its stake in Neoenergia to 98 percent, under a full takeover bid it launched late last year.
Read MessageCB&I consummated the acquisition of Petrofac's Asset Solutions business, saving jobs for about 3,000 workers.
Read MessageNetanyahu agreed to hold talks with Lebanon.
Read MessageThe U.S. and Iran prepared for peace talks in Pakistan with a fragile ceasefire largely holding, though issues such as Israel's offensive in Lebanon and the opening of the Strait of Hormuz remain unresolved.
Read MessageA Russian-flagged supertanker passed through the Strait of Hormuz into the Persian Gulf, marking a rare passage for one of the nation's ships as traders scrutinize every transit through the war-hit waterway.
Read MessageEnergy analysts warn that the Iran ceasefire is not likely to alleviate acute signs of stress in the physical oil market.
Read MessageU.S. President Donald Trump on Thursday warned Iran to "stop now" if it was charging tankers to transit the Strait of Hormuz.
Read MessageThe West Texas Intermediate was up 0.62% at $98.48 per barrel as of 7:50 p.m. ET. Brent crude ended the session at $95.92 per barrel.
Read MessageSubsea7 has secured a SURF contract worth at least $1.25 billion for Petrobras' Sépia 2 pre-salt development in Brazil’s Santos basin, covering engineering, procurement, installation and pre-commissioning for 17 wells.
Read MessageConocoPhillips has sent a team to Venezuela to evaluate potential oil and gas opportunities, signaling renewed interest in the country’s vast reserves as U.S. companies assess a possible return after years of asset seizures.
Read MessageDTEK Oil&Gas and Baker Hughes have signed an MOU to increase natural gas production in Ukraine, combining advanced technology and local expertise to strengthen domestic supply and European energy security.
Read MessageOil rose as Hormuz disruptions and Saudi output cuts fueled supply concerns.
Read MessageIran effectively closed the Strait of Hormuz during the war with U.S. and Israel, creating an oil supply crunch and sending global energy prices soaring.
Read MessageOil flows through the Strait of Hormuz are expected to recover slowly following the U.S.-Iran ceasefire, with millions of barrels stranded in the Gulf and shipping, insurance and geopolitical risks continuing to limit transit.
Read MessageTrump said the temporary ceasefire is "subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz."
Read MessageCB&I has completed its acquisition of Petrofac’s Asset Solutions business, adding operations, maintenance, wells and decommissioning services to expand its global energy services portfolio.
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