Norway’s Eldorado Drilling has agreed to acquire Bermuda-based Vantage Drilling International in a cash merger valuing the offshore drilling contractor at around USD 257.6 million, Vantage announced on Friday.
The Netherlands has approved a subsidy of as much as €993 million ($1.2 billion) for state-owned energy company EBN Capital BV to bolster the country’s depleted gas reserves.
SBM Offshore and Solstad Offshore have formed a joint venture to develop a new deepwater installation and construction vessel that will support future FPSO and offshore infrastructure projects.
Parex Resources has completed its acquisition of the Colombian exploration and production assets of Frontera Energy, establishing the company as the largest independent oil and gas producer focused on Colombia.
bp and its partners have commenced commercial non-associated gas (NAG) production from the Azeri-Chirag-Gunashli (ACG) field offshore Azerbaijan, marking the first gas production phase in the history of one of the world’s largest oil developments.
Ghana’s petroleum upstream regulator, the Petroleum Commission, and Liberia’s Petroleum Regulatory Authority (LPRA) have signed a Memorandum of Understanding (MoU) to strengthen regulatory cooperation, knowledge sharing, and stakeholder engagement between the two institutions.
The Ghana Upstream Petroleum Chamber is a non-profit upstream petroleum organisation which aims to achieve long term success of the upstream petroleum industry in Ghana.