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Sempra and JBIC Enter MOU to Improve Global Energy Supply Chain
February 5, 2024
Sempra Infrastructure, a subsidiary of Sempra, has entered into a memorandum of understanding (MOU) with the Japan Bank for International Cooperation (JBIC) to cooperate on opportunities to advance the energy transition. Through this MOU, Sempra Infrastructure and JBIC aim to
UK’s Union Jack Oil to Expand Operations to U.S. Through New Partnership
January 31, 2024
Union Jack Oil said on Monday it will expand its operations to the U.S. through a partnership with Reach Oil & Gas Inc. The Bath-based UK-focused oil and gas company said the collaboration will focus on several “value accretive, exploration,
Calgary-based Total Energy Services to Acquire Saxon Energy Services Australia for $37 Million
January 19, 2024
Total Energy Services, through its wholly owned subsidiary Savanna Energy Services Australia, is set to acquire all the shares of Saxon Energy Services Australia for $37 million in cash. The Canadian energy services provider signed an agreement with Schlumberger (SLB),
Shell to Divest Nigerian Subsidiary SPDC to Renaissance for $1.3 Billion
January 19, 2024
British oil and gas company Shell has agreed to sell its Nigerian onshore subsidiary Shell Petroleum Development Company of Nigeria (SPDC) to Renaissance Africa Energy for $1.3 billion. Renaissance is a consortium of four Nigeria-based oil and gas companies, including
1PointFive and Trafigura Enter Direct Air Capture Carbon Removal Credit Agreement
January 17, 2024
Trafigura has agreed to purchase carbon dioxide removal (CDR) credits to be produced from 1PointFive’s first industrial-scale direct air capture (DAC) facility, STRATOS, which is currently under construction in Texas. This is Trafigura’s first transaction towards meeting its commitment as
EQT Joins the Oil & Gas Decarbonization Charter
January 10, 2024
EQT Corporation said it has joined the Oil and Gas Decarbonization Charter (OGDC) unveiled at COP28. This landmark charter is dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sectors. “EQT is proud to
APA Corporation to Acquire Callon Petroleum for $4.5 Billion
January 4, 2024
APA Corporation and Callon Petroleum Company have entered into a definitive agreement where APA will acquire Callon in an all-stock transaction valued at approximately $4.5 billion, inclusive of Callon’s net debt. Callon’s assets provide additional scale to APA’s operations across
EIG to Acquire Brazilian-based Ocyan for $390 Million
January 4, 2024
EIG has entered into definitive agreements with Novonor and Brazilian Development Bank to acquire Ocyan for $390 million. Ocyan is a Brazilian-based solutions provider to the offshore oil and gas industry. “I have known and respected Ocyan for decades. The
Harbour Energy to Acquire Wintershall Dea’s Global Upstream Assets for $11.2 Billion
December 29, 2023
Harbour Energy has reached an agreement with BASF and LetterOne, the shareholders of Wintershall Dea, for the acquisition of substantially all of Wintershall Dea’s upstream assets for $11.2 billion. The target portfolio includes all of Wintershall Dea’s upstream assets in
Angola Leaves OPEC, in Blow to Producer Group
December 29, 2023
Angola said last week it would leave OPEC in a blow to the Saudi-led oil producer group that has sought in recent months to rally support for further output cuts to prop up oil prices. Angola’s Oil Minister Diamantino Azevedo
