PARIS: Gabon Oil Company (GOC), the national oil company of Gabon, has announced the acquisition of Assala Energy Holdings Ltd and all of its subsidiaries (Assala) from Assala Energy Investments Ltd (Carlyle), a private equity firm. The deal, which was signed on 15 February 2024, is based on GOC’s sovereign right of pre-emption and…
EnTrust Global, a leading alternative asset management firm, has agreed to acquire Offshore Merchant Partners (OMP), a fund manager in the maritime and energy industries, to expand its Blue Ocean strategy. The Sale and Purchase Agreement has been signed and the transaction is expected to close in the first quarter of 2024, subject to…
Lisbon Valley Mining Co., a copper mining company in Utah, has secured a $25 million loan from Greater Commercial Lending (GCL), a provider of government-guaranteed loans to under-served and rural communities. The loan, backed by the U.S. Department of Agriculture (USDA) through the Business & Industry Loan Program, will be used to improve copper…
OSLO, NORWAY: Otovo, Europe’s leading marketplace for solar installations, today announced the launch of a partnership with Swiss solar module manufacturer Meyer Burger Technology Ltd, starting in February. This collaboration underlines the joint commitment to building a more resilient and sustainable energy infrastructure in Europe. As part of this initiative, Meyer Burger’s high-quality solar…
The stock market has been in one of its best periods since the financial crisis in 2008. With the market increasing through most of 2021 many investors would like to keep on improving their portfolios. Let’s take a look at some of the industries that you might want to watch in the first quarter…
PARIS, FRANCE: Bouygues SA and Engie have signed a purchase agreement according to which Bouygues has agreed to acquire all of the Equans group. Based on an enterprise value of €6.7 billion, and given the synergies and strong growth expected in the years ahead, the multiple of enterprise value to 2026 current operating profit…
SYDNEY, AUSTRALIA: The board of 1414 Degrees Ltd has appointed oil and gas executive Matthew Squire as its Chief Executive Officer. Matthew Squire has extensive experience in the oil and gas, power generation and broader energy sector working for Australian and international publicly-listed companies including Beach Energy, QGC, BG Group, Santos and Origin Energy.…
OSLO, NORWAY: Volue ASA has acquired German ProCom GmbH (ProCom) to strengthen its position as the leading provider of sustainable technology solutions to the European energy sector, a news release said. “We are pleased to announce the investment in ProCom to strengthen our European offering further. ProCom has a strong heritage as a family…
WILSONVILLE: ESS Inc. has appointed of Eric Dresselhuys as Chief Executive Officer, a news release said. Dresselhuys will leverage his proven strategic vision and executive leadership skills to guide the company through its next phase of growth as it expands its market presence and joins the global effort to decarbonize our energy systems. Dresselhuys…
HOUSTON: TechnipFMC and Bombora, a leading wave energy technology company, have formed a strategic partnership to develop a floating wave and wind power project in support of a more sustainable future, a news release said. The relationship brings together TechnipFMC’s unique technologies and experience delivering complex integrated Engineering, Procurement, Construction and Installation (iEPCI) projects…
LUXEMBOURG: Subsea 7 S.A has entered into a joint venture with Simply Blue Energy, the Cork-based marine developer, to further develop its Salamander floating wind farm concept, off the north east coast of Scotland, a news release said. Salamander is a pre-commercial project of up to 200MW that will combine Simply Blue Energy’s experience…
OSLO: Magnora ASA and TechnipFMC have entered into an agreement to jointly pursue floating offshore wind project development opportunities under the name Magnora Offshore Wind. Reference is made to Magnora’s stock exchange announcement dated 29 January 2021 regarding entering into an agreement with an undisclosed global offshore energy technology and service company to establish…