Weatherford has reached an agreement to acquire NCS Multistage in a cash and stock deal, the companies announced on Monday.
Subsea7 has been awarded a contract by Murphy Exploration & Production Company, a subsidiary of Murphy Oil, to support development of the String Music project in the Gulf of America/Gulf of Mexico.
Commercial vessel traffic through the crucial Strait of Hormuz appeared to remain limited over the past day, amid uncertainty over prospects for a U.S.-Iran peace deal. Just two inbound commercial transits were observed on Tuesday morning, following two outbound ships on Monday, according to ship-tracking data compiled by Bloomberg. Shipowners had recently become more optimistic about a […]
LNG Canada has taken another step toward a proposed expansion of its export facility in Kitimat, British Columbia, issuing a limited notice to proceed (LNTP) for Phase 2 of the project. Fluor Corp. announced that its JGC Fluor BC LNG II joint venture with JGC Corp. has received authorization to begin early planning and execution activities in support […]
US forces intercepted Iranian ballistic missiles and drones aimed at neighboring Middle East countries and struck a command center in the Islamic Republic in response – the latest flare-up to test a fragile ceasefire. US Central Command said Iran on Tuesday launched several ballistic missiles toward countries including Kuwait and Bahrain. Some were shot down by […]
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.