All Share Combination
Energy Holdings and Ventura Offshore have signed a letter of intent for an all-share combination.
[Read more…] about Offshore drilling deal between Energy Holdings and Venture OffshoreLarger share in Johan Sverdrup Field for Aker BP
Ownership
Aker BP has increased its ownership interest in the Johan Sverdrup oil field, following the completion of a redetermination process conducted under the field’s unit agreement.
[Read more…] about Larger share in Johan Sverdrup Field for Aker BPMarco Polo Marine secures $21m for offshore wind expansion
General – Finance
Marco Polo Marine raised about $21m through a private share placement to fund capital expenditure and specialised vessels supporting offshore wind projects.
[Read more…] about Marco Polo Marine secures $21m for offshore wind expansionTransocean to acquire Valaris in all stock transaction
General – Shares
Transocean and Valaris today announced the signing of a definitive agreement to combine the two companies under which Transocean will acquire Valaris in an all stock transaction valued at approximately $5.8 billion.
[Read more…] about Transocean to acquire Valaris in all stock transactionMEAG buys minority stake in Fred Olsen Windcarrier
General – Acquisition
MEAG is acquiring a minority stake in Fred Olsen Windcarrier on behalf of Munich Re entities as part of a planned investment targeting a 24% shareholding.
[Read more…] about MEAG buys minority stake in Fred Olsen WindcarrierCathay Life Insurance signs landmark investment
Wind Energy – Finance
Ørsted has signed an agreement with Cathay Life Insurance, the leading insurance company in Taiwan, and its affiliate Cathay Wind Power Holdings Co., under which Cathay Life Insurance will acquire a 50 % ownership share of Ørsted’s 583 MW Greater Changhua 4 Offshore Wind Farm, with Ørsted retaining a 50 % share.
[Read more…] about Cathay Life Insurance signs landmark investmentChevron, TotalEnergies join bid for Galp’s stakes in Namibian find
Fossil Energy – Namibia
Portuegese Galp’s efforts to offload part of its stake in Namibia’s Mopane oil project have finally attracted heavyweight interest.
[Read more…] about Chevron, TotalEnergies join bid for Galp’s stakes in Namibian findCompletion of acquisition of additional interest in Cygnus Field
Fossil Energy – Acquisition
Ithaca Energy announced that, following its announcement on 20th May 2025 regarding the acquisition of an additional 46.25% interest in the Cygnus gas field from Spirit Energy, it has now completed the Transaction with all conditions precedent having been satisfied.
[Read more…] about Completion of acquisition of additional interest in Cygnus FieldØrsted sets 67% discount for $9.4 bln rights issue
General – Shares
Ørsted has priced its $9.42 billion rights issue at 66.6 crowns ($10.46) per share, a 66.7% discount to the stock’s closing price on Friday, as it shores up its finances in the face of mounting challenges.
[Read more…] about Ørsted sets 67% discount for $9.4 bln rights issueBASF sells share in Nordlicht wind farms back to Vattenfall
Wind Energy – Shares Nordlicht
To align the company’s green power supply and demand, BASF is streamlining its current portfolio of renewable power projects.
[Read more…] about BASF sells share in Nordlicht wind farms back to Vattenfall