Oceaneering Secures Contract with Petrobras for Offshore Brazil

Oceaneering International Inc. will supply steel tube and thermoplastic electro-hydraulic umbilicals and associated subsea distribution hardware to projects offshore Brazil.

Regional Banks Take Advantage of Large Lenders’ Oil, Gas Hesitancy

Regional banks are picking up market share and rallying the U.S. upstream sector.

Aker to Provide EPC Services for Azule Energy’s Angola Projects

Aker Solutions secured a long term frame agreement worth between $47 million and $142 million with Azule Energy to provide EPC services for brownfield projects and modifications for two FPSOs in Angola.

Family Offices: Familiar and New Names Coming to Oil, Gas Table

Haynes and Boone semi-annual surveys of oil and gas lenders and producers reveal measured optimism capital formation—and a broader audience of family offices than seen in prior decades is tuning in.

Exxon Mobil Taps Technip, Turner for Louisiana CCUS Project

Exxon Mobil has contracted Technip Energies and Turner Industries to help build a CCUS system capable of conditioning, compressing and transporting, for eventual storage, up to 800,000 metric tons per year of CO2.

Hydrogen Left Hanging as DOE Prolongs Contract Negotiations

Regulatory and energy experts discuss hydrogen hubs as the award negotiation process continues.

CorEnergy Infrastructure Aims for June Emergence from Bankruptcy

CorEnergy said the sale of its MoGas and Omega pipelines and repayment of its secured debt encouraged stakeholders to approve recapitalizing the company’s balance sheet.

Top Exxon Directors Cruise to Re-election Despite Activist Opposition

The campaign amounted to a test of whether top fund firms would rally to defend the small shareholders whose resolutions have put topics like the environment and workforce diversity at the center of many corporate annual meetings.

Energy Capital Partners Raises $6.7B, Buys Atlantica

The New Jersey-headquartered Energy Capital Partners said its ECP V (Fund V) secured capital commitments of $4.4 billion plus an additional $2.3 billion of co-investment capital; the private equity firm also announced a $2.6 billion take-private of Atlantica Sustainable Infrastructure.

Baker Hughes to Supply Compression Trains for Algerian Field

Baker Hughes will supply 20 compression trains, which are expected to boost gas production at Alergia’s Hassi R’ Mel gas field.