BP acquisition of Archaea Energy : Oil and gas giant BP has announced a $3.3 billion all-cash deal to acquire Archaea Energy Inc., an American producer of renewable natural gas (RNG), in a move to expand and expedite the growth of its bioenergy business. BP will also assume nearly $800 million of net debt of […]
French company Nexans has secured a final order to supply power export cables for the first phase of the 2.1GW Empire Wind offshore project in the US. The contract has been awarded by a joint venture of Equinor and BP. The Empire Wind project phase I lease area is located about 33km south of Long […]
Prosafe, a provider of semi-submersible accommodation vessels, has secured a contract extension worth around $3.5 million for the Safe Concordia accommodation vessel from BP Trinidad and Tobago (bpTT). The contract extension is a result of the BP subsidiary exercising all four weeks of options for the Safe Concordia vessel to continue delivering gangway connected operations […]
Stena Drilling has bagged a new contract from BP Canada Energy Group for the Stena Icemax drillship in Canadian waters. The mobile offshore drilling unit will be deployed off the coast of Newfoundland for executing a one-well program, slated to be undertaken in 2023. The estimated duration of the contract for the Stena Icemax drillship […]
Torrent Power has closed the previously announced INR 300 crore acquisition of LREHL Renewables India SPV 1 Private Limited, a special purpose vehicle (SPV) which operates a 50MW solar power plant in Maharashtra. The SPV was acquired from Lightsource bp and UK Climate Investments (UKCI) as per a deal signed in July 2021. The acquired […]
Oil and gas giant bp has started production at the Herschel Expansion project in the Mississippi Canyon block 520 in the Gulf of Mexico. Herschel is the first of four major oil and gas projects that bp has scheduled to bring online globally this year. Phase 1 of the Herschel Expansion project involved the development […]
PJSC Lukoil has wrapped up the previously announced $1.45 billion acquisition of an additional 9.99% stake in the Shah-Deniz gas project, offshore Azerbaijan from Petronas. The Russian oil and gas company has now increased its stake in the Shah-Deniz field in the Caspian Sea from 10% to 19.99%. The deal was announced last October under […]
Indian IT company Infosys is partnering with oil and gas giant BP to develop and trial an energy as a service (EaaS) solution aimed at enabling businesses to enhance the energy efficiency of infrastructure, and help achieve their decarbonization targets. The partners will look to develop a digital platform for gathering data from various energy […]
Lukoil signed a deal worth $2.25 billion with Malaysian oil and gas company Petronas for acquiring an additional stake of 15.5% in the Shah Deniz gas project. The Russian oil and gas company will be able to increase its stake in the offshore gas project from 10% to 25.5% through the deal. Energy giant BP […]
CIMIC Group said that its subsidiary — UGL has secured a contract extension worth AUD 150 million ($109.2 million) for delivering asset management and project-related services at BP fuel terminals in Australia. The multi-year contract was awarded by Australian Terminal Operations Management (ATOM), which is a joint venture between BP and UGL. It includes engineering […]