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(OET) UK-headquartered energy services provider Expro has entered into a definitive agreement to acquire the Houston-based offshore services provider, PRT Offshore, which will enable it to enhance its portfolio of services and solutions within the subsea well access sector in North and Latin America (NLA). This will also boost PRT Offshore’s surface equipment offerings in Europe, Sub-Saharan... Continue Reading →
(OE) Offshore drilling rig contractor Seadrill said Tuesday it had generated $414 million in total operating revenues, a sequential increase of $148 million, or 56%, benefitting from contracted rigs acquired as part of the Aquadrill transaction, completed on April 3, 2023. Adjusted EBITDA nearly doubled from $85 million in the prior quarter to $159 million, or... Continue Reading →
(Reuters) - Chevron Corp's (CVX.N) second-quarter earnings topped Wall Street estimates, the company said on Sunday, and Chief Executive Michael Wirth also signaled the number two U.S. oil company remains open to more acquisitions and to increasing shareholder distributions this year. In a rare preview of its results that coincided with the announced retirement of its finance... Continue Reading →
(OE) The board of the Swedish floating wind technology developer Hexicon has rejected a bid on the company from an unnamed "European actor." The bid, which was conditional of the board's recommendation, was set at SEK 1.5 per share, corresponding to a value of SEK 545 million (currently around $53 million) for the entire company. ... Continue Reading →
(OW) Offshore Wind Consultants, an ABL Group company headquartered in London, has entered into an agreement to acquire 100 per cent of the shares of Denmark-based offshore wind consultancy, Delta Wind Partners (DWP). The acquisition, expected to close in the third quarter, is said to expand OWC’s technical offering in wind turbines and in consultancy at... Continue Reading →
Subsea 7’s offer to acquire the entire issued share capital of Norway’s DOF Group is expiring at the end of today, 19 June, after the rejection from DOF’s board. Subsea 7 made a proposal on 15 June to the Board of Directors of DOF to acquire the entire issued share capital of the group, offering... Continue Reading →
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced today that it made a proposal to the Board of Directors of DOF Group ASA (“DOF”) on Thursday 15 June 2023 to acquire the entire issued share capital of DOF. Subsea7 has offered holders of DOF equity NOK 35 per share, comprised of NOK 7 in... Continue Reading →
(Reuters) - Minority shareholders of Siemens Gamesa on Tuesday approved a capital reduction for the remaining 2.21% stake parent Siemens Energy (ENR1n.DE) does not already own, paving the way for a full integration of the Spanish-based wind turbine maker. "This is an important step in preparing for full integration. Besides, the turnaround program at Siemens Gamesa, Mistral,... Continue Reading →
Unipar informed that the negotiations with Novonor and with its creditor banks holding mortgages on the potential operation involving the control of Braskem have evolved. The company sent a non-binding proposal to Novonor, which contemplates the partial payment of creditor banks, as well as new conditions for the remaining debt balance, and the possibility of... Continue Reading →
(Reuters) Eversource Energy on Thursday agreed to sell its 50% stake in a wind development site off the south coast of Massachusetts to joint venture partner Ørsted for $625 million in cash. The agreement to sell the lease area of about 175,000 developable acres is expected to close in the third quarter of 2023 and... Continue Reading →
Brazil Energy Insight 