Business news

Transactions valued at US$14.0 billion – all cash consideration of US$9.4 billion plus assumption of debt.

New EnerMech Titian JV combines global and local capabilities to unlock growth in region.

A DNV report launched at SPE Offshore Europe 2023 analyses how the technology can be used in the energy industry.

New strategic partnership for UK North Sea operations.

By Robert Kachmar, Senior Analyst Natural Gas, RBAC Inc.

ROVOP has been awarded a long-term contract with Energean PLC, the leading independent, gas-focused exploration and production company in the Eastern Mediterranean.

EQT Corporation closes acquisition of upstream and midstream assets in Appalachia, USA.

Oil and gas exploration spending to recover from historic lows, average US$22 billion/yr per to 2027.

DBRS Morningstar – Carrots and sticks, how oil and gas companies are responding to energy transition policies.

US natural gas pipeline exports to Mexico averaged a record 6.8 billion ft3/d for June 2023.

ASCO Group Ltd (ASCO), a global provider of outsourced logistics services and solutions to the energy industry, has been acquired by British private equity firm Endless LLP, a company which is focused on building enduring and sustainable businesses.

Scottish engineering business ACE Winches reports financial performance.

Wood works with National Gas for a secure and sustainable gas transmission system in the UK.

Roger Moore joins as Technical Adviser – Remote Systems, ROV & Offshore Survey and Romina Nicolaides joins as Communications and Marketing Specialist.

Guidelines developed with input from National Association of State Fire Marshals.