Transocean Explores Potential Merger with Seadrill Amid Improving Offshore Market Conditions
2 months ago
In a significant development within the offshore drilling industry, Transocean Ltd. has initiated discussions regarding a potential merger with rival Seadrill Limited. This strategic move comes at a time when the offshore drilling sector is showing signs of recovery from a prolonged downturn, suggesting a growing optimism in the market.
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TotalEnergies and APA Corporation Approve $10.5 Billion Oil Production Project in Suriname
3 months ago
TotalEnergies SE and APA Corporation have just reached a major development milestone by sanctioning a $10.5 billion project to produce oil in Suriname. At the same time, the project constitutes one of the biggest investments ever sunk into the emergent oil industry of Suriname, opening completely new horizons both in economic prospects and energy production for the South American country.
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