Unipar makes an offer to buy Braskem

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 →

Gazelle Wind Power Takes Controlling Stake in F. Carceller to Drive Floating Offshore Wind Innovation

Gazelle Wind Power (Gazelle), the developer of a hybrid modular floating offshore wind platform, has agreed to take a controlling stake in Spanish-based naval architect and marine consulting firm Faustino Carceller, S.L. (F. Carceller).  "Gazelle’s shipbuilding approach for construction creates synergies for both companies, making this acquisition a practical fit to help the company accelerate... Continue Reading →

Spain’s Iberdrola denies plan to acquire RWE

 (Reuters) - Spanish power company Iberdrola (IBE.MC) denied on Tuesday that it was looking into acquiring Germany's biggest utility, RWE (RWEG.DE), in a deal worth 31 billion euros ($34.12 billion) as earlier reported by local media. Citing sources familiar with the matter, Spanish newspaper Okdiario said Iberdrola was working with JPMorgan to "analyse the possibility" of acquiring RWE and the... Continue Reading →

Ecopetrol to Use Artificial Intelligence to Boost Oil Exploration Success Rates and Output

(Reuters) Colombia's majority state-owned oil company Ecopetrol will use new technology, including artificial intelligence, to improve exploration success rates and boost output from existing fields, new Chief Executive Ricardo Roa said on Monday. Roa officially took over as CEO on Monday following his appointment earlier this month, replacing former chief Felipe Bayon amid a push... Continue Reading →

Tethys Marine & Logistics Becomes 51% Shareholder of OSV Firm Bourbon Guyana

Bourbon Marine & Logistics has partnered with the Guyanese company Tethys Marine & Logistics, which becomes a 51% shareholder of the Bourbon Guyana Joint Venture.  "With 75% Guyanese Directors, Bourbon Guyana thus becomes the first indigenous Offshore Support Vessels operator, fully compliant with the most recent local content regulations," Bourbon Marine & Logistics said. "With a... Continue Reading →

AFC to Buy Ghana-focused Aker Energy

(OE) AFC Equity Investment has agreed to buy Aker Energy, a company working to develop the Pecan oil field offshore Ghana, from Aker Capital and The Resource Group Aker today holds 50.79 percent of the shares in Aker Energy, and TRG holds 49.21 percent.  AFC Equity Investment is owned by Africa Finance Corporation (“AFC”).  The... Continue Reading →

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