Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

Tenaz announces acquisition of North Sea gas assets

Fossil Energy – Gas Assets

Canada’s public energy company Tenaz Energy has acquired a private company holding interests in an offshore development on the border between the Dutch and German sectors of the North Sea.

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Completion 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.

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Setec buys stake in Flow Park Investment

General – Acquisition

Setec announced the acquisition of a stake in FLOW Park Investment Limited (FPIL), a subsidiary of OSG, Offshore Solutions Group, a Scottish consulting and engineering company specialising in wind energy.

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Mizuho Financial Group acquires Augusta

General – Acquisition

Augusta is delighted to announce that it has signed an agreement for the acquisition of the firm by Mizuho Financial Group, to grow Augusta into Mizuho’s financial advisory platform for renewable energy and the energy transition in Europe and beyond.

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Chevron emerges as winner in ExxonMobil dispute over Guyana Oil Field

General – Legal Battle

Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.

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