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December 5, 2024 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3) hereby informs its shareholders and the market in general that after satisfaction of the conditions precedent, the formal procedures for the closing of the acquisition of 40% interest in the Peregrino and Pitangola Fields (“Field” or “Peregrino”) have been concluded and, as of this... Continue Reading →
(OE) ABL Group has entered into an agreement to acquire Brazil-based naval architecture and engineering consultancy Proper Marine, increasing its expertise in floating production storage and offloading (FPSO) sector. Proper Marine will be merged with ABL’s design and engineering arm Longitude. The company will expand ABL’s design and engineering capabilities with a team of over... Continue Reading →
(Reuters) French oil major TotalEnergies is close to acquiring vertically-integrated renewable developer VSB Group from private equity firm Partners Group for about 2 billion euros ($2.10 billion), Bloomberg News reported on Tuesday. TotalEnergies and Partners Group declined to comment. VSB Group did not immediately reply to a request for comment. Germany-based VSB has a renewables... Continue Reading →
(offshoreWIND.biz) Sweden’s Hexicon has obtained the necessary regulatory clearance to acquire a controlling stake in the 1,125 MW MunmuBaram floating offshore wind farm in South Korea. The South Korean Electricity Regulatory Commission (KOREC) has approved the transfer of two out of three Electricity Business Licenses (EBLs) for the MunmuBaram floating offshore wind project. With this... Continue Reading →
(Reuters) - Spanish oil company Repsol (REP.MC), opens new tab has agreed to sell oil and gas production assets in Colombia to Geopark (GPRK.N), opens new tab for $530 million, the two companies said on Friday. The assets include Repsol's oil extraction operation in central Colombia and a 25% stake in SierraCol Energia Arauca, the Spanish company said in... Continue Reading →
Mooreast Holdings Ltd. announced today it will appoint Mr Eirik Ellingsen, a Norwegian with deep experience in the offshore and marine sector, as Chief Executive Officer (“CEO”) amid growing adoption of floating wind energy projects worldwide. Mr Ellingsen will assume the role of CEO at Mooreast on 1 January 2025. He will be taking over... Continue Reading →
(Reuters) QatarEnergy has entered into an agreement with TotalEnergies to acquire additional offshore exploration interests in the Orange Basin off the coast of Namibia, it said on Sunday. The deal includes a 5.25% increase in QatarEnergy's stake in block 2913B and a 4.695% increase in block 2912, QatarEnergy said in a statement. Under the agreement,... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras is in talks with Raizen, BP and Inpasa for a possible joint venture in ethanol, two sources told Reuters, as the firm's CEO aims big in a comeback to the sector. Petrobras is in talks with four or five firms in the ethanol business, Chief Executive Magda Chambriard told... Continue Reading →
(offshore-energy.biz) South Korea’s shipbuilder Hanwha Ocean has closed its acquisition of Singapore-based offshore builder Dyna-Mac, which specializes in manufacturing marine plant topside structures for floating production, storage, and offloading (FPSO) and floating liquefied natural gas (FLNG) units. The deal was closed on November 20, 2024, when Hanwha Ocean agreed to acquire approximately 95.15% of the total issued... Continue Reading →
Highlights FPSO Prosperity sold to ExxonMobil Guyana Ltd; FPSO Liza Destiny on track for sale before year-end TotalEnergies contract award for an FPSO as part of the GranMorgu field development project in Suriname 2024 Directional1 EBITDA guidance increased from around US$1.3 billion to around US$1.9 billion (+46%) 2024 Directional revenue guidance increased from above US$3.8... Continue Reading →
