Positive Industry News and Events
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SBM Offshore awarded contracts for the GranMorgu field development
SBM Offshore announces that it has been awarded contracts for the GranMorgu field development project located in Block 58 in Suriname by the Operator, TotalEnergies EP Suriname B.V., an affiliate of TotalEnergies. Under these contracts, SBM Offshore will, in partnership with Technip Energies, construct and install a Floating Production, Storage and Offloading vessel (FPSO). The […] More
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Technip Energies, in partnership with SBM Offshore, has been awarded a major contract by TotalEnergies.
Under this contract, the joint-venture between SBM Offshore and Technip Energies will construct and install a Floating Production, Storage and Offloading vessel (FPSO), leveraging Technip Energies’ expertise in engineering and modularization for the topsides and SBM Offshore’s Fast4Ward® hull. Thanks to the joint expertise of the two companies, the project will be designed to minimize greenhouse […] More
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TechnipFMC Awarded Major iEPCI™ Contract for TotalEnergies’ GranMorgu Development Offshore Suriname
NEWCASTLE & HOUSTON, November 14, 2024 — TechnipFMC (NYSE: FTI) (“the Company”) has been awarded a major(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname. This iEPCI™ award supports the development of an emerging frontier and is enabled by the […] More
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in 2024 Oil and Gas / Energy Events, Downstream News, Midstream News, Renewable Energy News, Upstream NewsD1 ADIPEC24 Global Ministers & CEOs Call for Accelerated Innovation & Collaboration
• ADIPEC 2024 kicks off in Abu Dhabi with a powerful message from Dr. Sultan Al Jaber, rallying the energy industry to lead the world to the next phase of sustainable socioeconomic growth. • Opening Ministerial and CEO panels confront urgent energy transition challenges and commit to collective action for a secure, equitable, sustainable energy […] More
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Transocean Ltd. Announces $232 Million Ultra-Deepwater Drillship Contract
STEINHAUSEN, Switzerland, Sept. 10, 2024 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a 365-day contract for the Deepwater Atlas with bp in the U.S. Gulf of Mexico. The contract also provides for a 365-day option. The program is expected to commence in the second quarter of 2028 and contribute approximately $232 million in backlog, […] More
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McDermott and BW Offshore Announce Collaboration to Enable Offshore Blue Ammonia Production
This News Article Brought to you by: HOUSTON and SINGAPORE, Sept. 19, 2024 /PRNewswire/ — McDermott and BW Offshore have entered into a collaboration to advance the technical and commercial viability of offshore blue ammonia production. This strategic partnership aims to enable a viable pathway for offshore blue ammonia production, contributing to the global transition […] More
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ExxonMobil Secures Largest CO2 Offshore Storage Site in the U.S.
This News Article is Brough to you by: ExxonMobil has secured access to over 271,000-acres in Texas state waters; ideal for CO2 storage Agreement will directly benefit the Texas Permanent School Fund Latest example of ExxonMobil’s leadership in building a carbon capture industry in the U.S. Spring, Texas – Exxon Mobil Corporation (NYSE: XOM) has […] More
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Approx $1.9 Billion – Matador Resources Company Announces Strategic Bolt-On Delaware Basin Acquisition Ameredev
DALLAS–(BUSINESS WIRE)–Jun. 12, 2024– Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, LLC (“Ameredev”), including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and […] More
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BREAKING: $1.9725 Billion : Helmerich & Payne, Inc Announces Agreement to Acquire KCA Deutag International Limited
Establishes H&P as a global leader in onshore drilling Immediately accretive to cash flow and free cash flow per share Enhances scale and diversification, now with leading positions in the U.S. and Middle East, the two most prominent oil and gas producing regions in the world Increases H&P’s Middle East rig count(1) from 12 rigs […] More
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Approx $1.6 Billion: Noble Corporation plc announces agreement to acquire Diamond Offshore Drilling, Inc.
SUGAR LAND, Texas, June 10, 2024 /PRNewswire/ — Noble Corporation plc (“Noble”) (CSE: NOBLE) (NYSE: NE) and Diamond Offshore Drilling, Inc (“Diamond”) (NYSE: DO) announced today that they have entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction. As part of the transaction, Diamond shareholders will […] More
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$5 Billion Acquisition: Devon Energy Announces Strategic Acquisition in the Williston Basin and Expands Share-Repurchase Authorization by 67 Percent to $5 Billion
This Breaking Article is Brought to You by: OKLAHOMA CITY, July 08, 2024 (GLOBE NEWSWIRE) — Devon Energy (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion, consisting of $3.25 billion of cash and $1.75 […] More
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Occidental Announces Progress on Divestiture and Debt Reduction Program
Breaking News brought to you by: Agreed to sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for approximately $818 million Additional dispositions in 2024 with total purchase price proceeds of approximately $152 million bring total year-to-date proceeds of closed or announced divestments to $970 million Sales proceeds will go toward […] More
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MERGER: Leading Independent Proxy Advisory Firm ISS Recommends Stockholders Vote “FOR” Dril-Quip’s Merger with Innovex
This News Article is Brought to you by: ISS endorses transaction to create a unique energy industrial platform with greater scale, strong EBITDA, free cash flow generation, and significant opportunities to grow value for all stockholders ISS notes that “a vote for the proposed transaction is warranted…”1 Dril-Quip Board unanimously recommends stockholders vote “FOR” the […] More
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$1.8 Billion : Quantum Capital Group Acquires Assets from Caerus Oil and Gas for $1.8 Billion
Establishes QB Energy to Own and Operate the Piceance Assets Existing Quantum Portfolio Company KODA Resources to Own and Operate the Uinta Assets HOUSTON, Aug. 19, 2024 (GLOBE NEWSWIRE) — Quantum Capital Group (“Quantum”) and Caerus Oil and Gas (“Caerus”) today announced the closing of a transaction under which Quantum, via two separate portfolio companies, […] More
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MERGER: Leading Independent Proxy Advisory Firm ISS Recommends Stockholders Vote “FOR” Dril-Quip’s Merger with Innovex
This News Article is Brought to you by: ISS endorses transaction to create a unique energy industrial platform with greater scale, strong EBITDA, free cash flow generation, and significant opportunities to grow value for all stockholders ISS notes that “a vote for the proposed transaction is warranted…”1 Dril-Quip Board unanimously recommends stockholders vote “FOR” the […] More
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