Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
SLB will acquire thermal management provider Kelvion in a $4.1-billion deal, significantly expanding its data center infrastructure business as surging AI investment drives demand for cooling, power and integrated facility solutions.
Read MessagePeak hurricane season can leave offshore operators with little time to react. Predictive maintenance can identify equipment risks early, giving teams more time to protect production and avoid unplanned downtime.
Read MessageONGC plans to invest $736 million in a 13-million-bbl underground strategic crude storage project in southern India as the country looks to strengthen its defenses against oil supply disruptions.
Read MessageRanger Energy Services will acquire STEP Energy Services’ U.S. coiled tubing assets for $27.5 million, adding 13 coiled tubing spreads and significantly expanding its Permian and Bakken operations.
Read MessageHelix shareholders have approved the company's all-stock combination with Hornbeck Offshore Services, clearing the way for the offshore services merger to close Sept. 1. Hornbeck securityholders will own approximately 55% of the combined company.
Read MessageOPAL Fuels completed a renovation at its recently acquired fueling station in Goshen, California, adding 1.7 million gallons of gasoline equivalent capacity for renewable natural gas and compressed natural gas refueling.
Read Message'The OFF-5 block is currently in its first exploration period, and studies are underway to mature the area's hydrocarbon potential'.
Read MessageEquinor has made a change to its board of directors.
Read MessageAn independent expert opinion found Hemen's 'mandatory offer' for the shares of Northern Ocean Ltd it does not already own 'is not fair from a financial point of view to the shareholders of NOL'.
Read MessageAsian refiners have increased purchases of Argentinian crude as the Iran war disrupts supply from the Middle East.
Read MessageU.S. President Donald Trump announced that the U.S. has 'entered into an Agreement with the Country of Venezuela on ... THE BIGGEST OIL DEAL IN WORLD HISTORY!'.
Read Message'The immediate bullish force is supply-security uncertainty', Naeem Aslam, CIO at Zaye Capital Markets, said.
Read Message'The decline in income was due to a number of non-cash and one-off factors, including foreign exchange differences and assets impairment'.
Read MessageAmerican forces hit Iranian rocket launchers and the Islamic Republic responded by firing missiles toward Jordan.
Read MessageOil rises Monday, amid heightened concerns over supply disruptions after U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday.
Read MessagePresident Donald Trump says Venezuelan crude will be used to refill the U.S. Strategic Petroleum Reserve, which currently holds 289.7 MMbbl—roughly 40% of its more than 700-MMbbl capacity.
Read MessageEtu Energias will acquire Chevron’s 31% interest in Angola’s deepwater Block 14 and 15.5% interest in Block 14K for $260 million, giving the Angolan company a majority stake in Block 14 and positioning it to assume operatorship.
Read Message'The acquisition of EDGE expands Sapphire's LNG capabilities by adding approximately 200,000 gallons of daily LNG liquefaction capacity through modular equipment currently serving clients in the Southern U.S.'
Read MessageIran's president says sanctions are hitting imports and exports, as its supreme leader urges less reliance on the U.S. dollar.
Read MessageVenezuela is considering whether it should quit OPEC, according to people familiar with the matter.
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