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(OE) Norwegian offshore supply vessel company DOF Group has concluded the acquisition of Denmark-based Maersk Supply Service, which will be renamed to DOF Denmark. The combined company is expected to become one of the leading offshore service provider with comprehensive scale and a wide range of services across all continents in the offshore energy industries.... Continue Reading →
(OM) Challenger Energy has completed the transfer of a 60% interest in the AREA OFF-1 block offshore Uruguay to Chevron subsidiary Chevron Mexico Finance LLC, Sucursal Uruguay. All approvals for the transaction have come through from the Uruguayan regulatory authorities. Challenger has received a cash payment of $12.5 million and retains a 40% interest in the block, with Chevron... Continue Reading →
(Reuters) - Hess Corp beat estimates for third-quarter profit on Wednesday, helped by higher oil production in Guyana. The Guyana assets are at the center of an ongoing dispute between oil giants Chevron and Exxon that has delayed Chevron's $53 billion takeover of Hess. Hess agreed to the buyout last October, but the deal has been challenged by... Continue Reading →
(Reuters) - Italian energy group Eni (ENI.MI), opens new tab will increase its share buyback programme by 25% to 2 billion euros ($2.2 billion), it said on Friday, after beating third-quarter profit expectations. It reported an adjusted net profit of 1.27 billion euros, topping the 1.08 billion expected by analysts in a poll compiled by the company... Continue Reading →
SBM Offshore announces it has completed the divestment of a 13.5% ownership interest in the special purpose companies related to the lease and operation of the FPSO Sepetiba to China Merchants Financial Leasing (Hong Kong) Holding Co., Limited (CMFL). This follows the announcement on February 10, 2022, of an agreement whereby CMFL would acquire its... Continue Reading →
(oilprice.com) Lower oil prices and production volumes failed to offset rising natural gas prices and output at Equinor, which reported on Thursday lower-than-expected adjusted operating income, its key earnings metric, for the third quarter. The Norwegian energy giant booked an adjusted operating income of $6.89 billion for Q3, down by 13% compared to the same period of... Continue Reading →
(Reuters) - The chief of Europe's largest utility Iberdrola (IBE.MC), opens new tab gave a bullish outlook for the coming years on Wednesday, pledging to build on a strategy to focus investment on expanding and upgrading grids in Britain, the United States and elsewhere. While pouring billions into power grids and taking a more selective approach to... Continue Reading →
(Investing.com) On Monday, Ocean Wilsons Holdings Ltd. announced the sale of its majority stake in Wilson Sons S.A. to MSC Mediterranean Shipping Company's subsidiary, SAS Shipping Agencies Services Sàrl, for a total cash consideration of R$4.352 billion. This equates to R$17.50 per share and represents Ocean Wilsons' 56.47% interest in the Brazilian maritime logistics operator.... Continue Reading →
(Reuters) French oil major TotalEnergies (TTEF.PA), opens new tab has agreed to sell a network of about 240 retail fuelling stations plus ethanol and oil products storage facilities in Brazil to a subsidiary of Grupo Argenta, the company said on Friday. The amount of the transaction was not announced. TotalEnergies will keep its lubricants blending and distribution... Continue Reading →
(Reuters) South Korean conglomerate Hanwha Group on Monday raised its offer for the remaining stake it does not already own in Singapore's Dyna-Mac, valuing the offshore oil and gas contractor at S$790.6 million ($605.41 million). The improved offer of S$0.67 per share represents a 35.4% premium to Dyna-Mac's last traded price on Sept. 10, before... Continue Reading →
Brazil Energy Insight 