Norway-listed liquefied petroleum gas vessels operator BW LPG (BWLPG.OL) signed a contract worth $940 million to develop eight gas carriers for Hyundai Heavy Industries.
The 90 cubic meter Panamax Very Large Gas Carriers, or VLGCs, are expected to be delivered in sequence from the beginning of 2029 to the second quarter of 2030, according to a May 30 release. The contract remains subject to final technical specifications.
Vantage Drilling International (VDI.OL) agreed to become a wholly owned subsidiary of Eldorado Drilling under a $257.6 million transaction.Directors of the listed offshore drilling company unanimously approved and recommended the deal, which will give shareholders $19 in cash per share, according to a May 29 release.As part of the transaction, Vantage Drilling will merge with the Bermuda-based unit of Eldorado Drilling, Eldorado Drilling Merger Sub. The company will be delisted from Euronext Growth Oslo after the merger.Completion of the statutory merger is expected at the start of the third quarter of 2026, subject to customary closing conditions. Shareholders of the target will consider the deal during a meeting scheduled for June 18.
Saudi Arabia Refineries (SASE:2030), d/b/a Sarco, unit Refineries Venture Co. agreed to purchase a 33% stake in Global Waste Solutions from Khadra Al-Hijaz Environmental Services Co.The memorandum of understanding signed for the deal is valid for three months, the petroleum refining company said Sunday.Sarco added that the deal will expand and develop its subsidiary's activities in caustic and acidic industrial waste, alkaline industrial waste, and oily sludge treatment.
BP (BP.L) will meet with the local arm of the United Steelworkers union on June 10 to discuss proposals for workers at its Whiting refinery in the US.The oil and gas company said May 29 it expects to receive the union's response to its latest offer at the meeting.