The vessel Skandi Amazonas, owned by DOF Subsea, has been declared a total loss following an accident off the coast of Brazil. No injuries were reported. The company also announced the sale and purchase of vessels as part of its fleet optimization strategy.
The British company Serica Energy is acquiring Pharos Energy for £145.7 million to expand its operations in Vietnam and Egypt and increase its production resources. The deal has been approved by the boards of directors of both companies.
American company Matador Resources has finalized deals to acquire oil and gas fields in the Delaware Basin, expanding its land holdings to 240,000 acres. The company expects proven reserves to increase by 55 million barrels of oil equivalent and anticipates lower drilling costs in the newly acquired regions.