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Happy New Year! Wishing You a Year Filled With Growth, Innovation, and Limitless Possibilities

December 31, 2023

As we step into a new chapter, we extend a heartfelt gratitude to both advertisers and daily readers for your continued support. You are the driving force behind our success and instrumental in our journey. We promise another satisfying experience

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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

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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

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Wishing You a Blessed Holiday - Merry Christmas!

December 22, 2023

As you navigate the holiday season, may your business endeavors be blessed with abundance, your relationships flourish, and your hearts be filled with the true spirit of Christmas. We extend a heartfelt “thank you” to our dedicated readers and advertisers.

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Nippon Steel to Acquire U.S. Steel for $14.9 Billion

December 20, 2023

Nippon Steel Corporation (NSC) and United States Steel Corporation have entered into a definitive agreement to which NSC will acquire U.S. Steel in an all-cash transaction at $55.00 per share, representing an equity value of approximately $14.1 billion plus the

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Exolum to Acquire 50% Stake of Moda Midstream’s NGL Storage Terminal, Texas

December 20, 2023

Exolum has entered into a definitive agreement to acquire a 50 percent interest in Vopak Moda Houston, an ammonia storage, import, and export terminal located on the Houston Ship Channel, from Moda Midstream. Terms of the transaction were not disclosed.

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BP Halts Oil and Gas Shipments through Red Sea After Attacks By Houthi Rebels

December 19, 2023

BP has halted all shipments of oil and gas through the Red Sea after an increase in attacks on cargo ships by Houthi militants in Yemen, including two further strikes on Monday. The British oil major said it had paused

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TotalEnergies Expands its Presence in Suriname with New Offshore Exploration License

December 19, 2023

TotalEnergies and its partners QatarEnergy and Petronas have signed a production sharing contract for Block 64 with Staatsolie Maatschappij Suriname (Staatsolie), the state-owned oil company of Suriname. Block 64 was awarded to TotalEnergies and its partners in the bid round

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Woodside and Santos Confirm Merger Talks to Create $52 Billion Energy Giant

December 15, 2023

Australian petroleum exploration and production company Woodside Energy confirmed that it has entered into discussions regarding a potential merger with domestic peer Santos. The potential deal, if it advances, will create a $52 billion (A$80 billion) oil and gas giant.

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INEOS Acquires LyondellBasell Ethylene Oxide, Derivatives Business, Production Facility for $700M

December 15, 2023

INEOS has intered into an agreement with LyondellBasell to buy its ethylene oxide and derivatives business including the Bayport Underwood site, Texas. The deal includes the Ethylene Oxide plant, the Ethylene Glycols plant, and the Glycol Ethers plant together with

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