XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of Galp’s 10% interest in the Area 4 concession in Mozambique's Rovuma Basin.The Rovuma Basin, one of the largest gas discoveries in the past 15 years, has enabled ADNOC’s XRG access to LNG projects with a combined potential production capacity of more than 25 million tonnes per annum (mtpa).This acquisition entails stakes in the operational Coral South Floating LNG (FLNG)…
RWE has signed an agreement with Norges Bank Investment Management (NBIM) as its new partner for the Nordseecluster and Thor offshore wind projects, currently under construction.Under the agreement, NBIM will acquire a 49% stake in both projects…
Windward Offshore has established a partnership with Marubeni Corporation. Windward, with a fleet of four CSOVs (Commissioning Service Operation Vessels) currently under construction at VARD shipyards, secured a senior loan facility of up to EUR 182m at the end of 2024…
The Chouest Group said it has acquired Kystdesign, a manufacturer of remotely operated vehicle (ROV) systems. 'We are thrilled to welcome Kystdesign and its talented team into the Chouest family,' said Dino Chouest. 'By joining forces, we will…
Asset manager Apollo has agreed to acquire a majority stake in offshore energy solutions business OEG Energy Group as part of the transaction worth over $1 billion.Apollo, through its funds managed by its affiliates, will take the majority share…
Australian oil and gas company Woodside Energy has decided not to exercise its option for the farm-in to the PEL 87 block offshore Namibia, operated by Pancontinental Energy’s subsidiary.Pancontinental has received notification from Woodside…
A deal for Carlyle to buy assets from Energean for up to $945 million is at risk of collapse as some regulatory hurdles are yet to be cleared ahead of a deadline this week, Energean said on Monday.The two companies reached an agreement last…
Kraken Robotics, through a subsidiary, signed a definitive agreement and plan of merger to acquire 100% of the shares of 3D at Depth, Inc., a U.S.-based subsea technology and services company specializing in high resolution LiDAR imaging and measurements…
Norwegian oil and gas operator DNO has reached agreement to acquire Sval Energi from HitecVision for a cash consideration of $450 million, based on an enterprise value of $1.6 billion.The Sval Energi assets are complementary to DNO’s North Sea portfolio…
Energy services firms Saipem and Subsea7 have reached an agreement on the key terms for possible merger of the two companies under one unit to be named Saipem7, whose combined backlog would be over $45 billion.Saipem and Subsea7 shareholders…
Yinson Production has completed the acquisition of Norway-based carbon capture and storage (CCS) company Stella Maris CCS from Altera Infrastructure.Stella Maris is developing a full CCS value chain, including carbon capture, intermediate storage…
NYK Line has become a co-owner of the crew transfer vessel (CTV) operator Northern Offshore Group (N-O-G) with the most recent investment, in preparation for the anticipated future expansion of offshore wind in waters closer to Japan.N-O-G operates…
First Marine Solutions (FMS) confirmed the acquisition of Aberdeen-based Andrews Hydrographics Ltd (Andrews Survey) for an undisclosed sum. Set to double the FMS headcount to 130 and result in a combined annual turnover of approximately £40million…
Oil and gas company Trident Energy has completed the acquisition of the entire issued share capital of Chevron Overseas (Congo), as well as an additional working interest in the Nkossa and Nsoko II fields from TotalEnergies.The acquisition results…
All Energies Services Group (AES Group) has announced the acquisition of CWind Ltd, a market provider of offshore wind services, from private equity firm Inspirit Capital.This strategic acquisition marks a significant milestone in AES Group's…
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