Saturday, 10 October 2026

Ranger Energy Services has closed its purchase of U.S. assets from STEP Energy Services, covering coiled tubing along with fluid pumping, nitrogen pumping, and associated well services operations, World Oil reported from a regulatory filing.

The total deal value came to roughly USD 27.5 million, with customary post-closing adjustments still to apply, according to World Oil. Ranger paid USD 22.5 million in cash and issued 307,503 Class A common shares pegged at USD 5 million.

What changed hands includes coiled tubing units, their supporting equipment, further operating assets, and lease rights tied to the acquired business.

Shell will acquire a 30% interest in the Bay du Nord project offshore Newfoundland and Labrador in Canada under an agreement with Equinor, according to Offshore Magazine.

Equinor will retain a 70% interest and remain the project's operator, according to Offshore Magazine. Shell's stake comes through the signed agreement between the two companies.

The transaction supports the project's progress toward an investment decision currently targeted for early 2027, according to Offshore Magazine.

Shell plc will take a 30% stake in Equinor's Bay du Nord project offshore Canada, according to Offshore Engineer OEDigital.

Equinor will keep the remaining 70% and stay on as operator of the project, Offshore Engineer OEDigital reported.

The two companies are working toward a final investment decision in early 2027, according to Offshore Engineer OEDigital.

Deutsche Bank supported the financial close of an AUD 430 million financing package for Foresight's approximately 130 MW Kondinin Wind Farm Stage 1 in Western Australia, according to Deutsche Bank.

The bank acted as Initial Financier and Hedge Provider on the transaction.

The senior debt package comprises a Construction and Term Facility of up to AUD 430 million, an AUD 86 million Contingent Instrument Facility and an AUD 10 million Debt Service Reserve Facility, together with interest-rate swaps, according to Deutsche Bank.

Constellation Energy signed two 20-year power contracts with technology companies in about a week, according to a Yahoo Finance analysis republished by Insider Monkey.

Amazon signed a deal tied to a 190 MW expansion at Calvert Cliffs, the analysis said.

Days later, Google committed to 890 MW of new nuclear capacity on PJM, the grid that serves 67 million people, according to the same analysis.

Jaime Gilinski, the richest person in Colombia, agreed to transfer a Venezuelan oil-field contract to GeoPark in exchange for a stake worth more than $500 million that would give him majority control, according to Forbes. Gilinski signed the deal just hours after signing the contract itself.

An affiliate of Grupo Gilinski, the Colombian corporate, financial, and industrial conglomerate run by Gilinski, agreed in September to sell its 95% interest in the company holding the Bare oil-field contract to GeoPark in exchange for shares, Forbes reported.

GeoPark agreed to issue 42.1 million shares priced at $12.22 each, for a total of about $514 million, according to Forbes.

RWE has sold its 33.33% lead development stake in the consented 1.1GW Five Estuaries offshore wind farm off east England to EDF, according to reNEWS.

The transaction hands EDF the lead developer position on the project, which it will hold alongside existing joint venture partners Macquarie, ESB and Sumitomo, reNEWS reported.

RWE said it will continue to work with the project in the short term to support the transition to the new owners.