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(Reuters) - BP named outsider Albert Manifold, the former boss of building materials producer CRH, as its new chairman on Monday, as it grapples with a major strategy reversal in an attempt to turn around a weak share performance. Manifold, who has not previously held a senior position in the energy sector, will succeed Helge Lund... Continue Reading →
by Ron Bousso - Reuters LONDON, July 18 - The high-stakes clash between Exxon Mobil and Chevron over a prized South American oilfield may be a sign of what’s to come in the oil and gas industry as competition for a shrinking pool of prime assets heats up. Chevron is set to finalize its $53 billion acquisition of... Continue Reading →
(Reuters) - Chevron can quickly proceed with its $53 billion acquisition of Hess (HES.N), opens new tab, after winning a landmark legal battle against larger rival Exxon Mobil, gaining access to the largest oil discovery in decades. Chevron CEO Mike Wirth's strategy to turn around his company's lagging performance hinges on the acquisition, one of the largest energy deals in the past decade.... Continue Reading →
(OE) Perenco has completed the acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad and Tobago. The finalization of the deal, combined with Perenco’s existing operation of the Teak, Samaan and Poui (TSP) and Cashima, Amherstia, Flamboyant and Immortelle (CAFI) fields, aligns Perenco as a... Continue Reading →
(OE) DEME Offshore Holding, a wholly owned subsidiary of DEME Group, has acquired a 50% stake in BAUER Offshore Technologies, a BAUER Group company. BAUER Offshore Technologies specializes in drilling services for the installation of foundations for offshore wind farms. The company will become part of DEME’s Offshore Energy segment. The experienced eight-person team will continue... Continue Reading →
Brava Energia (“Brava” or “the Company”) (B3: BRAV3) presents the results for the first quarter of 2025 (“1Q25”). The quarterly information for the 1Q25 is shown in comparison with the pro forma quarterly information for the 1Q24, considering the combined results of 3R Petroleum and Enauta prior to the effective merger date. The pro forma... Continue Reading →
(Reuters) - Shares in BP edged higher on Friday after the Financial Times reported a number of rivals have "run the numbers" about a possible takeover of the London-listed oil company. Shell, Chevron, ExxonMobil, TotalEnergies and Adnoc have all looked at the figures, the FT reported citing sources, while trading house Vitol might be interested in... Continue Reading →
(Reuters) - Shell Plc (SHEL.L), opens new tab is working with advisers to evaluate a potential acquisition of rival BP Plc (BP.L), opens new tab, though it is waiting for further stock and oil price declines before deciding whether to pursue a bid, Bloomberg News reported on Saturday citing people familiar with the matter. The oil major has... Continue Reading →
(Reuters) - Shell (SHEL.L), opens new tab exceeded analyst expectations on Friday, reporting a 28% drop in first-quarter net profit to $5.58 billion, while holding steady the pace of its share buyback programme despite falling oil prices and lower refining margins. That contrasts with rival BP (BP.L), opens new tab that cut its buybacks this year to try to strengthen its... Continue Reading →
(OE) Belgium-based offshore installation services company DEME has completed the acquisition Havfram, an offshore wind installation contractor based in Norway, in a deal valued at approximately $1.02 billion (€900 million). The transaction, first announced in April 2025, has passed all customary closing conditions. DEME Offshore Holding, a wholly-owned subsidiary of DEME Group, has acquired all of... Continue Reading →
Brazil Energy Insight 