A merger of Neptune and Harbour Energy would create a company with market capitalisation of $10bn - $11bn, according to new analysis from Jefferies.
Global offshore and subsea capital expenditure (capex) recently hit its highest quarterly level for two years, according to an industry database.
Marubeni Corp. could all but exit the UK North Sea as it looks to sell its main oil and gas fields in the region, according to people with knowledge of the matter.
For the first time since the West’s five energy supermajors were created in the early 2000s, all of them are set to post a quarterly loss.
Tullow Oil has slashed spending in 2020 and set out major disposal plans in an attempt to weather the storm.
North Sea oil and gas minnow Ping Petroleum could soon be under new ownership, it is understood.
For companies that haul oil and natural gas, the next big thing may be dirty water, according to Jefferies Group LLC.
Energy major Total is trying to sell its Dutch offshore gas fields in an effort to raise £230-310 million, a news report said yesterday.