Asset Management
Superior seeks to expand its international footprint through the acquisition, which is reportedly valued at $1.2 billion.
By acquiring 100% of Ventura’s outstanding shares, SED Energy Holdings would scale its business into a combined $1 billion company backed by a $1.3 billion contract backlog focused on deepwater drilling, shallow-water tender rigs, and seismic acquisition.
Shell is continuing to reshape its portfolio with the sale, which includes its interest in the BP-operated Na Kika platform and the Coulomb tieback.
-
The energy technology company received an order from Twenty20 Energy for 10 gas turbines to power US data center infrastructure. -
The operator has estimated about 500 million bbl of oil in place at Algaita in Block 15/06.
-
The planned facility was designed to process 34 MMcf/D of associated gas into fully refined gasoline.
-
The development is expected to add approximately 39 million BOE in recoverable resources to the Solveig field.
-
The appraisal well in Utah confirmed a geothermal resource exceeding 555°F at a depth of approximately 11,200 ft.
-
The cloud platform provider said the initiative is designed to help energy companies manage and analyze large-scale operational data.
-
The deal positions the merged company to benefit from an expected offshore drilling upcycle.
-
Suspended by force majeure since the spring of 2021, work on the Mozambique LNG project has restarted with over 4,000 workers now engaged onshore and offshore to meet a 2029 deadline for first LNG.
-
Shell CEO Wael Sawan said Nigeria’s improving investment climate is boosting its appeal for long-term oil and gas investment.
-
An earlier deal to double Israel’s gas exports to Egypt led to approval of Leviathan’s Phase 1B expansion by guaranteeing long-term cash flow to finance the project.
