Oil & Gas

Buckeye Partners has entered into a definitive agreement to acquire Bear Head Energy, which owns a clean energy development project located in an industrial complex in Point Tupper, Nova Scotia, Canada. The Bear Head Project, previously developed as a liquified natural gas import and export facility, is fully permitted, and the project is unique in
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DeepOcean AS, a unit of the ocean services provider, DeepOcean, has struck a strategic partnership deal with Aker BP for an initial four-year period. The agreement has a duration until the end of 2026, however, the two companies have included options to extend the partnership for another four years. Under the agreement, DeepOcean will be
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Energy services provider Penspen has bagged contracts worth over $25 million during the first quarter of 2022, building on strong results in the year prior. Strong demand in the market for Penspen’s energy engineering services and its extensive experience are driving this strong sales performance. Increased investment in energy infrastructure as a result of higher energy
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Petrobas’ board of directors has approved the $2.2 billion sale of interest in the Albacora Leste concession to Petro Rio Jaguar Petróleo, a subsidiary of Petro Rio S.A. Albacora Leste concession is located predominantly in deep waters in the Campos Basin. Petrobras informed of the signing of the purchase and sale agreement earlier this week
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Searcher Seismic, a multi-client geoscience data and services provider to the oil and gas and mining exploration and production companies, has added significant data to its South Africa 2D and 3D data library. The expansion has been achieved in cooperation with the Petroleum Agency of South Africa (PASA). The Orange Basin has recently astonished the
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Gazprom workers on the Yamal Peninsula in Russia. Bloomberg | Bloomberg | Getty Images Russia’s gas supplies to eastern Europe are looking highly uncertain after the country’s state-run gas giant Gazprom told Poland and Bulgaria that it would halt supplies. The move comes after both countries refused Moscow’s recent demand to pay for gas supplies
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