INPEX Corporation has signed a share purchase agreement to acquire the remaining 49% stake in INPEX South West Caspian Sea Petroleum Co., Ltd. (ISWCS), making it a wholly owned subsidiary. The shares are being acquired from Japan’s Ministry of Economy, Trade and Industry (METI) through an open bid process. Financial terms were not disclosed. Through ISWCS, […]
OceanPact and CBO have announced plans to combine their businesses in a transaction that will create one of Brazil’s largest integrated offshore support and marine services platforms. The merger will be implemented through the incorporation of CBO’s holding company into OceanPact, subject to approval by Brazil’s antitrust authority (CADE), shareholder approvals and customary closing conditions. Upon completion, the […]
Oil prices posted their largest single-day gain in four years as conflict in the Middle East disrupted tanker traffic through the Strait of Hormuz and heightened concerns about supply from one of the world’s most critical producing regions. Brent crude climbed roughly 9% after briefly topping $80/bbl, while diesel futures jumped more than 20% at […]
WhiteHawk Energy, LLC has entered into a definitive purchase and sale agreement to acquire natural gas mineral and royalty interests covering approximately 150,000 gross unit acres in the core of the Haynesville shale in Louisiana and East Texas. The assets include interests associated with roughly 500 producing natural gas wells and approximately 1,000 wells-in-process, permitted wells and undeveloped […]
Nigeria is moving to channel a larger share of oil and gas revenue into state coffers as part of broader fiscal reforms aimed at strengthening public finances and improving transparency in the upstream sector.
Between 2000 and 2024, China channelled $66.1 billion into Africa’s energy sector, financing power plants, oil and gas projects, transmission infrastructure, and renewable energy developments across the continent.
The contract will cover the design and manufacturing of tree systems, flexible flowlines, a manifold, and controls, as well as installation of the subsea production system.
UK-based oil and gas company Tullow Oil has signed a sale and purchase agreement with TEN Ghana to acquire the Prof. John Evans Atta Mills FPSO for a gross consideration of $205 million.
In February 2026, Kosmos Energy reported that Ghana’s parliament ratified license extensions for the West Cape Three Points and Deepwater Tano petroleum agreements to 2040, underpinning up to US$2.00 billion of additional investment, expanded drilling at the Jubilee field, and a cost-saving FPSO acquisition at the TEN fields.
Venture Global Inc. signed a long-term LNG agreement with Hanwha Aerospace Co. Ltd., an affiliate of the Hanwha Group.