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(Reuters) Rental rates for offshore oil and gas rigs have rocketed higher, boosted by a race to lift production because of the war in Ukraine and a recovery in demand after the COVID-19 pandemic. Drilling companies are in a stronger position to demand higher dayrates for their equipment after several lean years that led to... Continue Reading →
(Reuters) Offshore oil and gas producer Talos Energy on Tuesday said it was interested in scooping up new production, particularly as major oil companies shed assets in a bid to decarbonize. "We're a natural consolidator, particularly when you think about the Gulf of Mexico," Chief Executive Officer Tim Duncan said on Tuesday during an analyst... Continue Reading →
(Reuters) - TotalEnergies (TTEF.PA) said on Wednesday it has agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, marking the French group's largest U.S renewables energy acquisition. TotalEnergies has been branching out into the fast-growing renewables energy sector and diversifying away from hydrocarbon-centred activities in recent years. The company said... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) warned on Monday that a turnaround at Siemens Gamesa (SGREN.MC) will take several years, adding a 4.05 billion euro ($4.3 billion) bid to buy out minorities of the struggling wind turbine unit was the only way to fix the issues. "It's nothing which will go fast," Siemens Energy Chief Executive Christian Bruch told journalists... Continue Reading →
(Reuters) - Germany's Siemens Energy (ENR1n.DE) is mulling a bid to buy the third of Siemens Gamesa (SGREN.MC) it does not already own, the company said on Wednesday, hoping this will help it fix long-standing problems at the Spanish-listed wind turbine maker. Siemens Energy faces mounting shareholder pressure to seek control of Siemens Gamesa, in which it owns 67%,... Continue Reading →
U.S.-based offshore oil and gas services firm Helix Energy Solutions Group is set to buy equity interests of Louisiana-baed Alliance group of companies for $120 million cash at closing, plus the potential for post-closing earnout consideration. Alliance is a Louisiana-based privately held company that provides services supporting the upstream and midstream industries in the Gulf... Continue Reading →
Shareholders of offshore drilling company Noble Corporation have approved the company's proposed plan to merge with the Danish offshore drilling firm Maersk Drilling. "...at the Extraordinary General Meeting of shareholders held today, shareholders approved all proposals related to the previously announced business combination agreement with [Maersk Drilling]," Noble Corp. said Tuesday. According to Noble Corp,... Continue Reading →
Offshore drilling contractor Noble Corporation has revealed that its shareholders have endorsed its plan to merge with Maersk Drilling in an all-stock transaction almost unanimously, despite concerns, which were voiced by certain shareholders over this plan in the past. A short time after the two rig owners announced their business combination on 10 November 2021, Cyprus-based S.D.... Continue Reading →
(epbr) 3R Petroleum is approaching global trading companies interested in joining the Potiguar Cluster as partners. The company intends to deepen the studies on the financial evaluation of the cluster's infrastructure assets, before taking a decision on a potential partnership. In January, the company signed a contract with Petrobras, in the amount of US$ 1.38... Continue Reading →
Singapore's Keppel Offshore & Marine has, via its subsidiary Keppel Shipyard, secured contracts worth around S$250 million (~USD180,4 million) for the integration of two Floating Production Storage and Offloading vessels (FPSO). Keppel Offshore & Marine, which is set to merge with Semcorp Marine, said Friday that the FPSO integration contracts were awarded by repeat customers, BW Offshore,... Continue Reading →
Brazil Energy Insight 