US nuclear energy company Constellation has entered into a definitive agreement with Calpine Corp. under which Constellation will acquire Calpine in a cash and stock deal valued at approximately USD 16.4 billion, the companies announced on Friday.
That’s what Chris Weston, Head of Research at Pepperstone, said in a market analysis sent to Rigzone on Monday, highlighting that the buyers are “now in firm control of the tape, with Brent futures pushing through the 200-day moving average”.
Norway’s natural gas output set a new record in 2024 with 124 billion standard cubic meters sold, compared to the previous record of 122.8 billion standard cubic meters sold in 2022, the Nordic country’s upstream regulator has reported.
Aquajet has introduced a new support system designed to enhance the capabilities and flexibility of Hydrodemolition robots in challenging environments. The system centers around the upgraded Aqua Spine 3.0, an extendable rail system that attaches easily to any surface, providing a stable platform for the Power Head to move along during operation.
LLOG Exploration Company, a privately-owned exploration and production company focused on the deepwater Gulf of Mexico, has announced the achievement of several significant milestones in the construction of the Salamanca Floating Production Unit (FPU). Additionally, initial well operations at both Leon and Castile have been successfully completed, LLOG stated. LLOG is the operator of the Salamanca FPU, as well as the Leon and Castile discoveries with Repsol and O.G. Oil & Gas as non-operating working interest owners.
Prosafe has signed a contract extension with Petróleo Brasileiro S.A. (Petrobras) for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil.
Ghana’s oil and gas sector holds the keys to a brighter economic future, but the road ahead is littered with challenges—many of them self-inflicted. Institutions like the Ghana National Petroleum Corporation (GNPC), Petroleum Commission (PC), National Petroleum Authority (NPA), and the Tema Oil Refinery (TOR), are critical pillars of the nation’s resource-driven economy. Yet, their potential remains stifled by an Achilles’ heel: political interference.
Energy technology company SLB has been awarded a series of drilling contracts by Shell across deep and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago and the Gulf of Mexico, among other locations, SLB announced on Wednesday.
ADNOC Gas has awarded three contracts worth a combined USD 2.1 billion for infrastructure related to its Ruwais LNG project in Abu Dhabi, the company said on Thursday.
ASCO has been awarded a five-year contract until 2030 for base and logistics services for Aker BP in Tananger, Sandnessjøen, and Farsund in Norway. The agreement also includes continued services in warehouse management, load carriers, waste services, and personnel leasing for logistics and helicopter coordination.