OilAndGas

Thoma Bravo's Quorum Software Secures Improved Financing Amidst High Demand

1 month ago

In a significant development within the technology financing sector, Quorum Software, backed by private equity giant Thoma Bravo, has successfully renegotiated its debt, resulting in a lower interest rate. This move is attributed to a surge in market demand for its innovative software solutions in the oil and gas industry.

Bumi Armada Considers Strategic Acquisition of MISC Offshore Energy Assets

1 month ago

In a significant move within the offshore energy sector, Bumi Armada Berhad is reportedly in discussions to acquire several offshore energy assets from Malaysia's MISC Berhad. This potential acquisition marks a notable shift in the competitive landscape of maritime energy services in the region and could reshape Bumi Armada's operational capabilities and market presence.

South African Oil Group Moves to Rework New Legislation to Attract Investors

2 months ago

South Africa's oil sector is strategically repositioning itself in a bid to bolster investments, as local oil and gas companies seek to amend recently introduced legislation. The South African Oil and Gas Alliance (SAOGA) has expressed concerns regarding a new oil and gas law that they believe could hinder foreign investment, which is crucial for the sector's long-term growth.