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(OET) The Netherlands-headquartered geo-data specialist Fugro has reached a binding agreement for the acquisition of the remaining shares in SEA-KIT International. The two players have enjoyed a long-standing relationship in the development of hi-tech uncrewed surface vessels (USVs) for low-carbon emission maritime operations and research. While revealing the deal to acquire the full ownership of SEA-KIT... Continue Reading →
(Reuters) - Brazilian energy company Eneva (ENEV3.SA) has submitted a non-binding proposal to merge with local fuel distributor Vibra Energia (VBBR3.SA), the company said in a securities filing on Sunday. Eneva said it had sent a letter to Vibra's board of directors proposing the stock-for-stock merger of equals, which it dubbed a "unique opportunity for both companies and... Continue Reading →
(Reuters) - Spain's Grenergy (GREG.MC) plans to more than double its U.S. solar power generation projects pipeline in the next three years under a 2.6 billion euro ($2.8 billion) investment strategy. Spanish energy firms such as renewables giant Iberdrola and oil major Repsol have increased their focus on the United States as they try to take advantage of massive subsidies included... Continue Reading →
(OW) Octopus Energy’s generation arm has launched a dedicated fund with Japan’s Tokyo Gas to invest GBP 3 billion (approximately EUR 3.5 billion) in offshore wind globally by 2030. The fund, set up with a GBP 190 million (about EUR 217 million) cornerstone investment from Tokyo Gas, will invest in the development, construction, and operational... Continue Reading →
(Reuters) Karoon Energy announced deals worth $720 million on Thursday to buy stakes in certain offshore oil and gas fields in the Gulf of Mexico from U.S.-based LLOG Exploration, in a move to diversify operations beyond Brazil and Australia. The oil and gas explorer said it would raise around A$480 million ($312.43 million) to fund a 30% stake purchase... Continue Reading →
(OET) AIM-listed and Canada-headquartered oil and gas company Eco (Atlantic) Oil & Gas is embarking on a search for new partners, after expanding its interest in a block offshore Guyana, thanks to the green light for the acquisition of Tullow Oil’s entire interest in Tullow Guyana (TGBV), which includes the Orinduik license and operatorship of... Continue Reading →
(Reuters) Chevron’s deal to buy Hess will unlock $15 billion worth of tax benefits that had once been relegated to the accounting dustbin, as the combined company takes advantage of Hess’s past losses to cut future payments, according to the company and tax experts. The tax shield is a little-known advantage to Chevron's mega-takeover of Hess... Continue Reading →
(TN) Equinor signed an agreement with Denham Capital to acquire Rio Energy, a leading company in onshore renewable energy in Brazil. The transaction includes selected assets and employees, while Denham Capital will retain certain assets. With this acquisition, Equinor reinforces its position as an energy company in the Brazilian market. "Through Rio Energy, Equinor will... Continue Reading →
(Reuters) - Chevron (CVX.N) posted third-quarter profit that missed Wall Street estimates by a wide margin, sending its share price down in pre-market trading. Oil company earnings have slumped from record year-ago levels as crude prices eased and higher costs crimped refining and chemical profits. Results remain strong by historical standards but are well off year-ago levels.... Continue Reading →
(OE) Boards of directors of the Norwegian seismic data companies PGS and TGS have unanimously approved and decided upon a definitive merger agreement of the two firms, in line with the terms announced in September.The merger is to be structured as a statutory, triangular merger between TGS Newco AS, a newly established wholly owned subsidiary of... Continue Reading →
Brazil Energy Insight 