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World Oil News
CNX Resources Corporation has entered into a definitive agreement to acquire the natural gas upstream and associated midstream business of Apex Energy II in the Appalachian Basin for total cash consideration of approximately $505 million. Source
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Crescent Energy Company has announced the signing of a definitive agreement to acquire Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million plus future oil price contingent consideration Source
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(Bloomberg) – Equinor ASA and Shell Plc will combine their British offshore oil and gas assets to form a new company, which they said will be the UK North Sea’s biggest independent producer. Source
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The Deepwater Development Conference (MCEDD), the flagship event for innovation and collaboration in the deepwater oil and gas industry, is pleased to announce an addition to the MCEDD board from Total Energies. Source
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Gradient Geothermal will provide Chord Energy with geothermal power generation and fluid cooling services. This first of its kind deployment of Gradient’s technology removes heat from produced fluids and channels those resources to create electricity. Source
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OEG Energy Group has moved into a new global HQ in Dyce, Aberdeen, following a seven-figure sum investment in a multi-year lease. This marks a significant milestone in the organization’s 50-year journey, serving as a launch for its global expansion goals. Source
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HullWiper has joined with Unidive Subsea to bring its ROV hull cleaning technology to PSA terminals, Seatrium Yards and Singapore’s inner anchorages. Plans are also in place to serve FPSOs, FSOs and semi-submersibles under contracts with regional oil and gas companies. Source
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Compass Datacenters has signed a multi-year capacity agreement with Siemens to supply a custom modular medium-voltage skid solution. The solution consolidates the capabilities of multiple electrical components into a single integrated unit. Source
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Gulf Marine Services (GMS) has been awarded a new contract for one of its small-class vessels in the Gulf Cooperation Council (GCC) Middle East region. The contract spans a total of 18 months, including optional extensions. Source
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Kent has secured a three-year global Engineering, Procurement, and Construction Management (EPCm) framework contract by bp (P&O Projects). The framework covers the full scope of EPCm services, supporting bp’s asset lifecycle, from small and large projects to minor modifications. Source
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