NEWS — Click on text to read news by category: General | Product | People | Worldwide
KKR to Acquire Stake in Eni’s Biofuels Business for $3.2 Billion
December 2, 2024
Eni and KKR have signed an agreement where KKR will take a 25 percent stake in Enilive’s share capital, for a total agreed consideration of $3.2 billion (€2.938 billion). According to the agreement, Eni will undertake a capital increase in
TotalEnergies Begins Production from Fenix Gas Field, Offshore Argentina
October 18, 2024
TotalEnergies said it has started production from the Fenix gas field, located 60 km off the coast of Tierra del Fuego in Southern Argentina. The Fenix field is part of the Cuenca Marina Austral 1 (CMA-1) concession, in which TotalEnergies
Babcock & Wilcox Sell Its Italian and Swedish Businesses for $40 Million
October 16, 2024
Babcock & Wilcox Enterprises has reached an agreement to sell its Italy-based SPIG group of companies and Sweden-based Babcock & Wilcox Vølund AB to funds managed by AUCTUS Capital Partners for approximately $40 million, subject to customary adjustments and expenses.
Mining Connection Offices Will Be Closed Due to Hurricane Milton
October 8, 2024
Today, Tuesday October 8, we have mandatory evacuation orders. We will be prepping our offices this morning and leaving in the afternoon. Daily news posts will be scattered this week and back full time on Monday, October 14. We’ll be
Trafigura Appoints Richard Holtum as CEO, Jeremy Weir as Chairman
September 25, 2024
Trafigura Group has appointed Richard Holtum as chief executive officer (CEO) effective January 1, 2025 and will join the Trafigura board of directors on October 1, 2024. Jeremy Weir, executive chairman and CEO, will step down from his executive responsibilities
Golar LNG Enters $1.6 Billion EPC Agreement for FLNG Project
September 20, 2024
Golar LNG Limited has signed an engineering, procurement and construction (EPC) agreement with CIMC Raffles (CIMC) for a MK II floating LNG production (FLNG) vessel with an annual liquefaction capacity of 3.5 MMtpy. Under the agreement with CIMC, Black &
Mattr Enters Agreement to Sell Its Brazilian Pipe Coating Business to Vallourec for $17.5 Million
September 19, 2024
Mattr Corp. has entered into a definitive agreement to sell its subsidiary, Thermotite do Brazil, to Vallourec Tubular Solutions, a subsidiary of Vallourec S.A. Thermotite provides thermal insulation pipe coating services to the offshore oil and gas industry from its
BP to Sell Stake in Trans Adriatic Pipeline to Apollo Funds for $1 Billion
September 18, 2024
bp and Apollo have entered into an agreement for Apollo-managed funds to purchase a non-controlling stake in bp Pipelines TAP Limited, the bp subsidiary that holds a 20 percent share in Trans Adriatic Pipeline (TAP) in a transaction valued at
Trillion Energy’s Akcakoca-3 Well Begins Gas Production, Offshore Turkey
September 13, 2024
Trillion Energy International said the Akcakoca-3 well at the SASB Gas Field has now been put into production. “We are thrilled with the strong performance of Akcakoca-3 and the successful flow tests at Alapli-2,” said Arthur Halleran, CEO of Trillion
UK Government Releases New Environmental Guidance After Supreme Court Ruling
September 13, 2024
The UK government has announced plans for new environmental guidance for oil and gas firms to provide stability for industry, support investment, protect jobs, deliver economic growth, and meet its climate obligations, as the North Sea transitions to its clean
