Business & Finance
FAR shareholder turns down ‘wholly inadequate’ takeover bid
Following an off-market takeover bid from Samuel Terry Asset Management, one of FAR’s shareholders has repudiated the offer.
Noble rig on the move to drill Santos wells
The Noble Tom Prosser jack-up drilling rig is currently mobilising to drill the Pavo-1 well in the Bedout Basin offshore Australia for Santos.
UK’s OGA looking for new CEO as Samuel prepares for exit
UK’s petroleum regulator has reported that its CEO will be stepping down at the end of the year after eight years in the role.
Vår Energi unveils Oslo IPO terms
Vår Energi has revealed plans to increase its dividend for 2022 and disclosed details regarding an IPO and listing of shares on Oslo Børs.
PGS, ION integrate joint datasets in Trinidad Deepwater Open Bid Round
Seismic players Petroleum Geo-Services (PGS) and ION Geophysical have integrated their seismic datasets in the Trinidad Deepwater Open Bid Round launched by the country’s Ministry of Energy and Energy Industries.
Afreximbank to promote LNG distribution in West Africa
Fund for Export Development in Africa (FEDA), a subsidiary of African bank Afreximbank, has invested in Ecow-Gas, an LNG distribution infrastructure platform in the West Africa region.
Turkish drillship wraps up all planned well tests on Black Sea gas field
Turkish oil and gas operator TPAO has completed all planned flow tests in the Sakarya gas field located in the Black Sea.
Wintershall Dea closes Gulf of Suez chapter after 38 years
Wintershall Dea has decided to divest its interest in the Gulf of Suez concession after 38 years of production.
Prysmian bags fresh EIB financing to speed up R&D activities
Italian cabling giant Prysmian Group has secured €135 million financing from the European Investment Bank (EIB) to boost its research and development (R&D) activities.
Eni hits gas in its first exploration well off Abu Dhabi
Italian oil and gas company Eni has made a gas discovery in its first exploration well in waters offshore Abu Dhabi.
Another Danish company drops fossil fuel business and turns fully to renewables
Danish-based Muehlhan has sold its oil and gas business as the company decided to focus entirely on the renewable energy market. Muehlhan, which provides services in the offshore wind industry, said selling its oil and gas division supported the company’s strategy to focus its investments in sustain
All systems go for Western Gas-operated high-impact well
Western Gas has now secured all necessary government approvals required to drill the Sasanof-1 exploration well on the North West Shelf.
PSW, Cameron in exclusive license deal for risers recertification
Scana-owned PSW Technology has signed an exclusive license agreement with oil service provider Cameron, a Schlumberger company, to carry out recertification of risers produced by Cameron.
Solstad gets rid of three anchor handlers, secures North Sea work
Norwegian offshore vessel owner Solstad Offshore has sold three of its anchor handling tug and supply (AHTS) vessels.