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Petro Rio S.A. (“PRIO” or “Company”) (B3: PRIO3), following the Material Fact disclosed on the 1st of September, 3rd and 24th of October, December 8 and 16 of 2022, announces that the payment, by Petro Rio OPCO Exploração Petrolífera S.A. (“OpCo”), a subsidiary of the Company, of the redemption value of the PNB Shares assigned... Continue Reading →
(OET) Offshore drilling contractor Seadrill has entered into an agreement to acquire Aquadrill, formerly known as Seadrill Partners, in an all-stock transaction that values the UK firm at $958 million. Following completion, Seadrill shareholders and Aquadrill unitholders will respectively own 62 per cent and 38 per cent of the outstanding common shares in the company and Aquadrill will... Continue Reading →
Petro Rio S.A. (“Company or “PRIO”) (B3: PRIO3), following the Material Fact disclosed on the 1st of September, 3rd and 24th of October and 8th of December of 2022, informs the procedures to be observed by the shareholders and subscription warrant holders of Dommo Energia S.A. (“Dommo”) for the choice of the asset, and the date of... Continue Reading →
(Reuters) - Spanish oil company Repsol (REP.MC) said on Friday it was buying renewable energy firm Asterion Energies, which has assets in Spain, Italy and France, for 560 million euros ($596 million) plus contingent payments of up to 20 million euros. Three sources with knowledge of the matter had told Reuters in October that both Repsol and French utility... Continue Reading →
(Reuters) South Korea's Hanwha Group has signed an agreement to take over Daewoo Shipbuilding & Marine Engineering, Daewoo Shipbuilding said in a regulatory filing on Friday. The deal comes after the two parties signed a tentative agreement in September in which affiliates of Hanwha Group, including Hanwha Aerospace Co Ltd., said they would invest 2... Continue Reading →
(Reuters) The two largest U.S. oil companies - Exxon Mobil Corp and Chevron Corp - disclosed plans to increase outlays on energy projects next year amid high oil demand and prices. While spending more, it will be less than half the combined $84 billion they spent in 2013, when oil prices often traded above $100 per barrel... Continue Reading →
Sweden-based Maha Energy has signed a binding term sheet regarding a business combination with DBO 2.0 S.A. (“DBO”) for a consideration of 36,775,410 new shares in Maha. According to Maha, DBO is a private upstream oil and gas company focusing on mature offshore fields in Brazil formed in 2017. The company says that DBO has... Continue Reading →
(Reuters) Eni is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5 billion -$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted. Neptune produces around 130,000 barrels of oil equivalent per day (boed), three-quarters of which is gas. It has operations... Continue Reading →
(U) Australian independent Karoon Energy is on the acquisition trail as it looks to add more oil assets in Brazil, where it is already producing from the Bauna field, and potentially further afield in the Americas. “We are continuing to explore potential acquisition and farm-in opportunities,” confirmed Karoon chairman Bruce Phillips. Most of the assets... Continue Reading →
UK-headquartered AIS has acquired CRP Subsea as part of its growth strategy and with the aim of expanding its range of subsea offerings. Based in Skelmersdale, England, CRP Subsea, formerly Trelleborg Offshore UK, delivers polymer and syntactic foam-based buoyancy and protection products for the offshore renewables and oil & gas industries. “Considerable growth is expected... Continue Reading →
Brazil Energy Insight 