United Kingdom
H&P’s $2B KCA Deutag Deal Positions Driller as Global Powerhouse
Helmerich & Payne’s acquisition of U.K. service company KCA Deutag will expand its international reach, particularly in the Middle East, as well as its onshore presence in the U.S.
Safeguarding the Trend of Accelerating CCUS Adoption
Policy pushes meet industry pull, positioning CCUS for takeoff.
Redwheel Broadening Sustainable Portfolio with Ecofin Deal
Investment manager Redwheel agreed to purchase London-based Ecofin’s assets, which reached approximately $1.4 billion as of May 31.
ChampionX Closes Acquisition of Artificial Lift Company RMSpumptools
ChampionX, which is being acquired by SLB for $7.7 billion, bought RMSpumptools Ltd. for about $110 million.
TotalEnergies Sells Gas Field Interests West of Shetland Islands
Prax Group will take over TotalEnergies’ oil and gas assets in the maturing play north of Scotland.
E&P Highlights: June 17, 2024
Here’s a roundup of the latest E&P headlines, including Woodside’s Sangomar project reaching first oil and TotalEnergies divesting from Brunei.
Sea Power: Noble’s Deal Fires Major Volley in Offshore, Services M&A
Noble Corp.’s $1.6 billion acquisition of Diamond Offshore Drilling may seem like small potatoes compared to the upstream sectors’ massive megadeals, but service sector consolidation could snowball, analysts said.
PGS, TGS Merger Receives Final Approval from UK Authorities
With regulatory conditions satisfied, PGS and TGS’ merger is expected to be complete July 1 and will establish the combined entity as a full-service geophysical data company.
Energy Transition in Motion (Week of June 7, 2024)
Here is a look at some of this week’s renewable energy news, including the International Energy Agency’s forecast on clean energy investment reaching $2 trillion this year.
TotalEnergies Buys UK Power Plant from EIG for $575MM
TotalEnergies signed an agreement with EIG, an institutional investor in the global energy sector, for the acquisition of all the shares of West Burton Energy for an enterprise value of £450 million (US$575 million).