Elliott-backed Amber Energy Picked to Buy Citgo Petroleum for $7.3B
Amber Energy, led by industry veterans Gregory Goff and Jeff Stevens, was selected by a court-appointed special master to buy Citgo Petroleum, which is held by a Venezuelan company, for $7.286 billion.
Chevron Gets Approval for Farm-in Offshore Uruguay
Chevron Corp. received approval for farm-in at the AREA OFF-1 block offshore Uruguay and along with partner CEG Uruguay SA eyes the acquisition of 3D seismic over the remainder of 2024.
Woodside on the Prowl for Driftwood Partners, Gas Suppliers
Australian natural gas and LNG exporter Woodside Energy, which recently agreed to acquire Tellurian in a deal valued at $1.2 billion, isn’t yet looking to develop an upstream U.S. onshore position to secure gas for Driftwood LNG.
Hunt Oil Offloads LNG Interests Via Indirect Sale to Aramco
Hunt Oil is selling 15% interest in Peru LNG to MidOcean, an LNG company managed by EIG in which Aramco is an investor.
No Good Vibrations: Neo Oiltools’ Solution to Vibrational Drilling Problems
Vibrations cause plenty of costly issues when drilling downhole, but Neo Oiltool’s NeoTork combats these issues, enhancing efficiency and reducing costs.
Fitch Warns of Citgo Credit Risks but Affirms Stable Outlook
Rating agency Fitch affirmed the default rating of U.S. refiner Citgo Petroleum Corp. at 'B' with a stable outlook, while highlighting operational risks and contagion effects from U.S. sanctions on Citgo's Caracas-based parent PDVSA.
Interoil to Boost Production in Ecopetrol Fields
Interoil will reopen shut-in wells at three onshore fields, which are under contract by Ecopetrol.
Helix Awarded Vessel Service, Charter Contracts Off Brazil
Helix Energy Solutions Group was awarded new three-year charter and service contracts, valued at an estimated $786 million, from Petrobras for Siem Helix 1 and Siem Helix 2.
Geospace Technologies Sells Seismic Data Nodes to SAExploration
SAExploration exercised its purchase option from an existing rental contract to make the purchase of seabed ocean bottom wireless seismic data acquisition nodes.
Harbour to Close $11.2B Wintershall Dea Deal Earlier Than Expected
Harbour Energy expects to finalize the purchase of Wintershall Dea’s upstream assets in early September after initially expecting a fourth-quarter 2024 close.