Tag: Oil and gas news
Tourmaline Oil to acquire Deep Basin player Bonavista Energy for C$1.45bn
Tourmaline Oil Corp. (TSX: TOU) has struck a definitive share purchase agreement with all Bonavista Energy Corporation shareholders. The landmark deal, priced at CAD1.45 billion, ... Read More
Canadian Overseas Petroleum completes financing with $4m receipt at 2.6p
Canadian Overseas Petroleum Limited (COPL), an international oil and gas exploration powerhouse, has successfully concluded its anticipated financing, underscoring its commitment to fortifying its operations ... Read More
ExxonMobil to acquire Pioneer Natural Resources for $59.5bn: Impact on US energy landscape
Exxon Mobil Corporation (ExxonMobil) and Pioneer Natural Resources have signed an all-stock transaction worth $59.5 billion, with each of the latter's shares exchanging for 2.3234 ... Read More
San Leon secures $187m investment, becomes majority stakeholder in ELI
San Leon, the Nigeria-focused independent oil and gas exploration giant, has secured a colossal investment of up to $187 million from Tri Ri Asset Management ... Read More
Eni strikes gold: Massive gas discovery off East Kalimantan coast
Eni, the global energy giant, is celebrating a momentous gas discovery in the waters of East Kalimantan, Indonesia. The Geng North-1 exploration well, situated in ... Read More
ONEOK, Magellan Midstream Partners shareholders approve $18.8bn merger
In a landmark decision that's turning heads in the energy industry, ONEOK, Inc. (NYSE: OKE) and Magellan Midstream Partners, L.P. (NYSE: MMP), two major players ... Read More
McDermott bags major offshore contract for Wahoo field in Brazil
McDermott has clinched a significant transportation and installation contract from PRIO (previously known as PetroRio) for the Wahoo field, situated offshore Brazil. This new contract ... Read More
W&T Offshore acquires $32M Gulf of Mexico assets, boosts production
W&T Offshore, Inc. (NYSE: WTI), an independent oil and natural gas producer in the Gulf of Mexico, has successfully finalized the acquisition of eight prime ... Read More
DOF Group scores $260m service contracts with Petrobras
Norwegian supply shipping company DOF Group ASA proudly announces securing three new service contracts with Brazilian energy giant Petrobras. These high-value contracts, worth more than ... Read More
Hibiscus Petroleum to optimize Marigold oil field with Ithaca and Caldera
In a major development for the oil and gas industry, Hibiscus Petroleum Berhad (HIBI: MK), through its wholly-owned subsidiary Anasuria Hibiscus UK Limited (AHUK), has ... Read More