Business and Finance

  • SLB to divest Palliser Block assets in Alberta

    30 Oct, 2024

    SLB to divest Palliser Block assets in Alberta

    Global energy technology company SLB (NYSE: SLB) has announced a definitive agreement to sell its interests in the Palliser Block, located in Alberta, Canada. This move marks a significant shift in SLB's ass... more

  • Woodside reports successful reserves update as a result of merger with BHP

    29 Oct, 2024

    Woodside Energy to delist from London Stock Exchange

    Australian oil and gas giant Woodside Energy Group Ltd has announced it will delist from the London Stock Exchange (LSE) following a review of its current structure. The company cited low trading volumes and... more

  • Chevron

    17 Oct, 2024

    Chevron accelerates divestment strategy with US$6.5b Canadian asset sale

    Chevron Corporation has taken a significant step towards its divestment target by announcing the sale of key Canadian assets to Canadian Natural Resources Limited (CNRL) for US$6.5 billion. This move comes j... more

  • Woodside reports successful reserves update as a result of merger with BHP

    18 Sep, 2024

    Woodside secures long-term LNG supply agreement with Japan’s JERA

    Woodside Energy Group Ltd has announced the signing of a significant long-term liquefied natural gas (LNG) supply agreement with JERA, Japan's largest utility company. The deal marks a major milestone in str... more

  • SLB to divest Palliser Block assets in Alberta
    30 Oct, 2024
  • Woodside Energy to delist from London Stock Exchange
    29 Oct, 2024
  • Chevron accelerates divestment strategy with US$6.5b Canadian asset sale
    17 Oct, 2024
  • Woodside secures long-term LNG supply agreement with Japan’s JERA
    18 Sep, 2024

Henrik Melsom appointed Senior VP of Wood’s Norwegian operations

18 Jul, 2024
Henrik Melsom appointed Senior VP of Wood's Norwegian operations
Henrik Melsom has been appointed Senior Vice President of Wood’s Norwegian operations, where he will focus on expanding the business in oil and gas, new energy solutions, and process industries. Wood currently employs approximately 900 people across Norway, with offices located in Bergen, Stavanger, Sandefjord, Porsgrunn, and Oslo. Melsom emphasised…

Honeywell to acquire Air Products’ LNG business for $1.81b

11 Jul, 2024
Honeywell to acquire Air Products' LNG business for $1.81b
Honeywell (Nasdaq: HON) has announced its agreement to purchase Air Products' (NYSE:APD) liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash deal. The acquisition, representing approximately 13 times the estimated 2024 EBITDA, marks Honeywell's fourth acquisition announcement this year. The deal will enable Honeywell…

TotalEnergies divests West of Shetland assets to Prax Group

28 Jun, 2024
TotalEnergies divests West of Shetland assets to Prax Group
French energy giant TotalEnergies has announced the sale of its entire interest in West of Shetland assets to The Prax Group, a private UK company. The agreement, signed on June 27, 2024, includes the transfer of several mature gas fields, onshore facilities, and exploration licences. The assets involved in the…

Mitsui & Co. acquires major unconventional gas asset in Texas

27 Jun, 2024
Mitsui & Co. acquires major unconventional gas asset in Texas
Japanese trading giant Mitsui & Co., Ltd. has completed the acquisition of a significant unconventional gas asset in Texas, USA, through its U.S.-based subsidiary Mitsui E&P USA LLC (MEPUSA). The asset, named Tatonka, was purchased from U.S. Oil & Gas E&P companies Sabana, LLC and Vanna, LLC. Spanning approximately 46,500…

TotalEnergies expands LNG footprint in Asia with new contracts

14 Jun, 2024
TotalEnergies increases interests in offshore blocks
TotalEnergies has strengthened its position in the Asian market by securing two new medium- and long-term LNG supply agreements. In line with its strategy to grow its LNG business, the French energy major announced the signing of a sales and purchase agreement (SPA) with the Indian Oil Corporation (IOCL). Under…

Woodside appoints Tony O’Neill to Board of Directors

04 Jun, 2024
Woodside reports successful reserves update as a result of merger with BHP
Woodside Petroleum Ltd has announced the appointment of Anthony (Tony) O'Neill as a non-executive Director, effective June 3, 2024. Mr O'Neill brings extensive experience in the global mining industry, with a strong focus on sustainability, decarbonisation, and operational excellence. His appointment reinforces Woodside's commitment to strategic growth and responsible energy…