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(Reuters) - BP has agreed to buy grain trader Bunge's 50% stake in Brazilian sugar and ethanol joint venture BP Bunge Bioenergia for $1.4 billion in a bet on growing demand for low-carbon biofuels. Following the completion of the deal, expected by end-2024, BP will take full ownership of Bioenergia which has production capacity of around 50,000... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras has selected a consortium led by PetroRio SA for bilateral talks over the sale of its Albacora and Albacora Leste offshore oil fields, both companies said on Friday. The value of PetroRio's bids was not immediately clear, but Petrobras said in September that "the offers may exceed $4 billion... Continue Reading →
(OE) Global consultancy ABL Group has completed the transaction to acquire 100% of the shares of specialist energy consultancy Ross Offshore, which now will merge with ABL Group company AGR. The combination of AGR and Ross Offshore will further strengthen the group’s center of technical excellence in wells, reservoirs and marine and survey management. Integration... Continue Reading →
SBM Offshore is pleased to announce that it has completed the acquisition of the shares in the lease and operating entities related to FPSOs N’Goma, Saxi Batuque and Mondo from its partner Sonangol EP. Simultaneously, SBM Offshore completed the sale of all its shares in the parent company of the Paenal shipyard in Angola to... Continue Reading →
(Reuters) - Brazil's Eletrobras (ELET6.SA), opens new tab, Latin America's largest utility, has signed a deal to sell its portfolio of thermoelectric power plants to Ambar Energia for a total 4.7 billion reais ($878.01 million), it said in a securities filing on Monday. The deal's price tag includes an earn-out of 1.2 billion reais, according to... Continue Reading →
(OE) Noble Corporation has entered into a definitive agreement to acquire Diamond Offshore, creating a fleet of 41 rigs - including 28 floaters and 13 jack-ups, and a combined backlog of approximately $6.5 billion. Noble will acquire Diamond in a stock plus cash transaction, whereby Diamond shareholders will receive 0.2316 shares of Noble, plus cash... Continue Reading →
(OE) Brazilian deepwater drilling firm Ventura Offshore Holding has been listed for public trading at Euronext Growth in Oslo, Norway. On March 8, 2024, Ventura Offshore Holding entered into a share purchase agreement (SPA) with Petroserv Marine regarding the acquisition of all outstanding shares in Universal Energy Resources. Following the closing of the acquisition two... Continue Reading →
Petróleo Brasileiro S.A – Petrobras informs that today it signed a contract for the assignment of its entire 30% (thirty percent) stake in Brentech Energia S.A. (Brentech) to Enegen Participações Ltda (Enegen), Petrobras' partner in Brentech and holder of a 70% (seventy percent) stake in the company. The transaction closed with the signing of the... Continue Reading →
(Reuters) - Chevron shareholders on Wednesday re-elected all its 12 board directors, in a sign of support for the oil major at a time when it is caught in the regulatory crosshairs over its $53 billion proposed buyout of oil producer Hess Corp. CEO Michael Wirth said the company was moving ahead on the U.S. Federal... Continue Reading →
(Reuters) - Hess shareholders on Tuesday approved the company's $53 billion merger with No. 2 U.S. oil company Chevron (CVX.N), according to preliminary results of the vote. The merger required a majority vote to approve the deal by a majority of Hess' 308 million shares outstanding to pass. The company did not immediately provide the vote tally.... Continue Reading →
