Eni has announced that it has reached an agreement on the combination of substantially all of its upstream assets in the UK, excluding East Irish Sea assets and CCUS activitieswith Ithaca Energy, marking a strategic move to significantly strengthen its presence on the UK Continental Shelf.
Petrobras is the company in the global oil and gas market whose investment has grown the most. In 2023, the company practically doubled its investment effort, totalling US$ 21.4 billion between direct investments and assets related to the leasing of production units, compared to an amount of US$ 10.9 billion in 2022.
The award recognises companies that have exemplified consistent global growth and implemented a successful strategy to enter new markets.
As the US reimposes Venezuela oil sanctions, the door opens for special licenses. Rystad Energy’s Senior Vice President, Jorge León, provides an oil market update.
Petrobras and bp signed a memorandum of understanding (MoU) with the purpose of promoting discussions and collaboration between the companies.
Petrofac, has been awarded a technical services contract by Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), the National Oil Company of Equatorial Guinea, to support the operation of the region’s Block B asset.
DNO has announced that a final investment decision has been made for the development of the Brasse field, to be renamed Bestla, based on a tie-back to the nearby production facilities of the Brage field.
Deltic Energy has announced that it has received the required regulatory and partner consents in respect of the farm-out of a 25% interest in Licence P2437, containing the Selene Prospect, to Dana Petroleum. The farm-out has therefore completed.
SLB and ChampionX Corporation has announced a definitive agreement for SLB to purchase ChampionX in an all-stock transaction. The agreement was unanimously approved by the ChampionX board of directors.
Seatrium has announced that it has secured a series of major contracts with an aggregate value of US$350 million, to be completed by end of 2025.
APA Corporation has announced that its acquisition of Callon Petroleum Company has been completed.
Well-Safe Solutions has appointed its first-ever Chief Financial Officer as it continues to deliver its strategic growth plans throughout Asia-Pacific and Europe.
Oceaneering International has announced that its integrity management and digital solutions (IMDS) group has signed a strategic collaboration agreement with Global Design Innovation, Ltd. (GDi) to deliver innovative digital asset management solutions for asset-intensive industries such as oil and gas, utilities, and power generation.
Dril-Quip and Innovex Downhole Solutions has announced a definitive agreement under which Dril-Quip and Innovex will merge in an all-stock transaction to create a unique energy industrial platform.
Talos Energy has provided an updated 2024 operational and financial guidance to reflect the closing of the QuarterNorth Energy acquisition earlier than expected. Prior guidance was based on an end 1Q24 close.