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.
Gran Tierra to Acquire i3 Energy for $225 Million
Canada’s Gran Tierra Energy will acquire U.K. and Canadian producer i3 Energy in a deal valued at $225.4 million.
Hess Seeks Partnership for Suriname Block 59
Hess Corp. is seeking a new partner or partners to join in Suriname’s offshore Block 59 after Exxon Mobil and Equinor each gave up their one-third interests last month.
Pitts: LNG Sector, Beware! Aramco is Coming
Loaded with cash, Saudi oil powerhouse Aramco has embarked on a net-zero quest.
YPF, Petronas Target FID for Argentine LNG Facility in Late 2025
Argentina’s long-envisioned LNG export facility is closer to becoming a reality as state-owned YPF SA and Malaysia’s Petronas will look to reach a final investment decision in the second half 2025 on development in Sierra Grande on the country’s Atlantic Coast.
Debt, Politics and Gas: Ecopetrol Explains Rejecting $3.6B Oxy Deal
Ecopetrol said its decision to not move forward with a $3.6 billion deal to acquire Oxy’s CrownRock LP assets was mainly due to the impact on its leverage, but also political shifts under Colombian President Gustavo Petro.
OFS Consolidation Continues with Flowserve to Buy MOGAS
Flowserve will purchase MOGAS Industries for at least $290 million, part of a number of oilfield service company acquisitions announced in 2024.