(WO) — Gran Tierra Energy has announced plans to acquire i3 Energy plc in a cash and stock deal valued at $225 million. The transaction, which will be completed under a court-approved process, will see Gran Tierra offer 10.43 pence in cash per i3 Energy share and one Gran Tierra share for every […]
The North Sea oil and gas group Ithaca Energy suffered a decline in sales and profits following impairments, lower production and a decline in oil and gas prices. The FTSE 250-listed group announced plans in the spring to buy all of Italian competitor Eni’s North Sea assets for £754 million and lowered its production forecast […]
Mergers and acquisitions in the US oil and gas industry rose 57% last year, a report by Ernst & Young. Increased consolidation activity followed record profits and intensified competition for a limited amount of unused resources. According to the report, the value of M&A deals last year was $49.2 billion, up from $31.4 billion the […]
SINGAPORE, 22 April 2024 /PRNewswire/ — In a groundbreaking development for the global energy sector, two Chinese companies have joined forces to sign a historic agreement to promote cooperation in the liquefied natural gas (LNG) industry. This strategic pact represents a significant step forward for China’s energy landscape and underlines the country’s commitment to diversify […]
The volume of daily natural gas production in the Sakarya gas field on the Black Sea has reached 6 million cubic meters (million m³), Energy and Natural Resources Minister Alparslan Bayraktar said on Saturday. Speaking at the meeting of the advisory board of the ruling Justice and Development Party (AK Party) in Zonguldak province, Bayraktar […]
(WO) — Kent and the Energy Institute have announced a collaboration to produce comprehensive guidelines on the economics of decarbonization for greenhouse gas emission reduction projects in the upstream oil and gas sector. The guidelines are intended to provide clear, actionable advice to help the industry meet its environmental goals. Led by Graham […]
Baghdad relies on profit sharing in new oil and gas contracts BAGHDAD, August 15 (Reuters) – Iraq is making the biggest changes in its relationship with global oil companies in decades, sources said Thursday, in a bid to attract more money to the country’s hydrocarbon sector and share in the profits from the development of […]
The Zacks Oil and Gas industry – Exploration and Production – U.S. is facing several bearish trends that could put pressure on overall performance. A sluggish economic outlook coupled with China’s slowing growth has prompted the EIA to revise downward its forecast for global crude oil consumption for 2025. In addition, the accelerated shift to […]
