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BMT and Ocius to Revolutionize Maritime Data Collection with Autonomous “Satellites of the Sea”
August 8, 2024
BMT, a global leader in maritime design and technical consultancy, will collaborate with Ocius to revolutionize maritime data collection and management. With the aim of deploying a fleet of 1,000 autonomous vessels globally within the next 10 years, BMT and
SLB OneSubsea and Subsea7 Awarded EPCI Contract for bp’s North Sea Murlach Development
August 7, 2024
SLB has been awarded an integrated engineering, procurement, construction, and installation (EPCI) contract by bp to its OneSubsea™ joint venture and Subsea7 for the Murlach development (formerly Skua field), 240 kilometers east of Aberdeen in the UK North Sea. The
Chevron’s $53 Billion Hess Deal Delayed Until Summer 2025
August 6, 2024
Chevron’s proposed purchase of oil producer Hess faces a lengthy new delay, with an arbitration panel not expected to hear a rival’s claim to Hess’ stake in a Guyana oil-producing joint venture until May 2025, the company said on Wednesday.
Vitol to Acquire Noble Resources for $208.9 Million, Deal Expected to Expand Coal Trading Unit
August 6, 2024
Global energy trader Vitol has agreed to acquire Hong Kong-based Noble Resources Trading Ltd., the company said in a statement on Friday, in a deal intended to expand its coal trading business. The deal is expected to close before the
Viaro Energy to Acquire Shell, Exxon’s UK Southern North Sea Assets
August 2, 2024
Viaro Energy’s main operating subsidiary RockRose Energy has signed an agreement with Shell U.K. Limited and ExxonMobil’s subsidiary Esso Exploration and Production UK Limited to acquire a full ownership interest in their Shell-operated UK Southern North Sea assets. Viaro will
McDermott, TAS Institute Enter Collaboration to Position Sabah as Hub for Energy Projects, Asia
August 1, 2024
McDermott and TAS Institute of Oil and Gas (TAS), the first integrated oil and gas training institute in Sabah, Malaysia, jointly signed a memorandum of understanding (MoU) for cooperation on research and development, training, capacity building, and institutional development. McDermott
Shell and Cheiron to Invest $340 Million in Egyptian Oil and Gas
July 31, 2024
Egyptian Petroleum Minister Karim Badawi has signed two agreements worth a combined $340 million with Shell Egypt and Cheiron Energy to increase oil and gas production in the Mediterranean and Suez Gulf. The deals are part of the government’s ongoing
Sahara Group Makes Strategic Appointments to Drive Downstream Transformation
July 30, 2024
Sahara Group is propelling transformation of its downstream business with strategic appointments including Foluso Sobanjo as head, Africa Downstream, and Nomnso Dike as chief executive officer, Asharami Synergy Limited, a Sahara Group downstream company in Nigeria. Other appointments include Yvette
Tenaz Energy to Acquire NAM Offshore B.V. for $246 Million
July 29, 2024
Tenaz Energy Corp. has entered into an agreement with Nederlandse Aardolie Maatschappij B.V. (NAM), a 50/50 joint venture between Shell and ExxonMobil, to acquire all of the issued and outstanding shares of NAM Offshore B.V. (NOBV) for $246 million. The
Adenia Completes Acquisition of Air Liquide’s Operations in 12 African Countries, Forms Erium
July 25, 2024
Adenia Partners has completed the acquisition of Air Liquide’s operations in 12 African countries, giving birth to Erium, the first pan-African leader in industrial and medical gases. Effective immediately, Erium will replace the Air Liquide brand in Benin, Burkina Faso,
