ADNOC has entered into a substantial engineering, procurement, and construction (EPC) agreement with Jereh Oil & Gas Engineering Corporation, valued at AED 3.38 billion ($920 million). This pivotal contract will see the installation of advanced remote sensing and well operation technologies at ADNOC’s onshore Bab, Bu Hasa, and Southeast fields, significantly broadening the scope of […]
In a bold move set to reshape the global energy landscape, OMS Energy Technologies has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission. The company, renowned for its manufacturing of surface wellhead systems and oil country tubular goods, is incorporated in the Cayman Islands. Strategic positioning in the energy […]
TechnipFMC has been awarded two major contracts by Brazilian oil giant Petrobras for projects in the country’s pre-salt offshore fields. The contracts, aimed at supporting the development of Brazil’s valuable oil reserves, reflect the company’s significant capabilities in the sector. The first contract, described as “substantial,” involves the design, engineering, and manufacturing of riser flexible […]
Noble Corporation plc, a leading offshore drilling contractor, has officially completed its acquisition of Diamond Offshore Drilling, Inc. This strategic merger, announced in June 2024 and finalized on September 4, 2024, marks a significant milestone in the offshore drilling industry, creating the largest fleet of 7th generation dual-BOP drillships worldwide. The acquisition is expected to […]
Noble Corporation plc (CSE: NOBLE, NYSE: NE) and Diamond Offshore Drilling, Inc. (NYSE: DO) have secured the final regulatory clearance from the Australian Competition & Consumer Commission for their pending transaction, paving the way for the merger to close on September 4th, 2024. This approval marks the last hurdle for Noble’s acquisition of Diamond Offshore […]
Marathon Oil Corporation (NYSE: MRO) has announced that it has received the requisite approval from its stockholders for the proposed merger with ConocoPhillips (NYSE: COP). The approval was granted during a special stockholder meeting, and Marathon Oil is expected to disclose the results in a Form 8-K filing with the U.S. Securities and Exchange Commission […]
Hibiscus Petroleum Berhad, through its indirect wholly-owned subsidiary Straits Hibiscus Sdn Bhd, has entered into an agreement to acquire a 30% Participating Interest in the Block PM327 Production Sharing Contract from PETRONAS Carigali Sdn Bhd. This strategic farm-in arrangement, which is currently awaiting regulatory approvals, marks a significant step for Hibiscus Petroleum in expanding its […]
In a landmark collaboration, Energy Transfer LP and Sunoco LP have unveiled a joint venture that brings together their extensive crude oil and produced water gathering assets in the Permian Basin. While the deal value remains undisclosed, the ownership structure is clearly defined, with Energy Transfer holding a 67.5% majority stake and Sunoco possessing the […]
ADNOC Drilling Company PJSC has confirmed a significant contract award valued at $733 million from ADNOC Offshore. This contract is for the supply of three advanced island drilling rigs aimed at supporting operations at the offshore Zakum field, one of the largest oil fields globally. The new island rigs, to be constructed by Honghua Group […]
Oceaneering International, Inc. has been awarded several significant contracts for vessel services by global energy companies operating in the Gulf of Mexico. The contracts, focusing on a comprehensive suite of inspection, maintenance, and repair (IMR) services, underscore Oceaneering’s expanding role and enhanced fleet utilization in the region. The initial contract includes a 60-day work commitment […]