Ocean Winds (OW) is the result of a joint venture announced in 2019 and controlled in equal parts by EDP Renováveis and ENGIE. [Read more…] about OW: new company specialized in offshore wind power
US-based Tidewater submitted one of four takeover offers for Bourbon Corporation to the Marseille commercial court overseeing reorganisation proceedings for the French offshore support vessel (OSV) operator [Read more…] about Tidewater among bidders to take over Bourbon
December 2nd was a notable day in the strategic relationship between Beijing and Moscow, which saw the first shipments of Russian natural gas to China via the much-awaited Power of Siberia pipeline. [Read more…] about Strategic upside behind Russia’s $55 Billion ‘Power Of Siberia’ pipeline to China
Cluff Natural Resources has completed the sale to Shell of a 50% stake in a UK offshore gas license as the two companies move forward with plans to drill a first well at the site. [Read more…] about UK upstream junior Cluff completes North Sea gas farm-out to Shell
Ocean Breeze Energy, owner of Bard Offshore 1, located in the North Sea, has sold the windpark to Macquarie Infrastructures and Real Assets. [Read more…] about New owners for Bard Offshore 1
Following the news on Wednesday 12 September that OMV and Sapura Energy have entered into Heads of Agreement for OMV to acquire 50% of Sapura Upstream, Jonathan Markham, Oil & Gas Analyst at GlobalData offers his view on the key aspects of this transaction.
[Read more…] about OMV turns focus to Southeast Asia with acquisition of Sapura Upstream
Airborne Oil & Gas in IJmuiden is pleased to announce that we have entered into a technical cooperation agreement with Over Sea & Land Concrete (OSL).
[Read more…] about Airborne Oil & Gas entered into a technical cooperation agreement
The Van Aalst Group, Dordrecht, announced today that it became a majority stakeholder in Techano AS, a leading offshore crane specialist from Norway.
[Read more…] about Van Aalst Group to become majority shareholder in Techano, the Norwegian offshore crane specialist
LetterOne announced today that it has signed a Letter of Intent with BASF to combine the parties’ oil and gas businesses in a joint venture. The new merged entity would operate under the name Wintershall DEA.
[Read more…] about LetterOne and BASF sign Letter of Intent to merge oil and gas businesses to create Wintershall DEA
Aker BP will add the Norwegian operations of U.S. oil company Hess to its expanding exploration and production portfolio under a $2 billion deal.
[Read more…] about Aker BP buys Hess’ Norway unit for $2 billion