India’s Oil and Natural Gas Corporation Limited (ONGC) Videsh has signed a definitive $60 million sale and purchase agreement (SPA) with Equinor to increase its stake in the offshore Azeri Chirag Gunashli (ACG) oil field and associated pipeline in Azerbaijan…
Exxon Mobil's legal bid to stop Chevron's proposed $53 billion acquisition of Hess rests on whether the transaction would involve a change of control of Hess' prize subsidiary in Guyana, according to people knowledgeable about the argument.The two top U…
Scotland-based wells and subsurface specialist Elemental Energies has acquired Norway-based well management and consultancy company Well Expertise, forming one of the world's largest specialist wells, subsurface and project management companies…
The Netherlands-based subsea services company N-Sea announced it has finalized a deal to acquire Geo Plus based in Groningen, The Netherlands.Geo Plus operates a fleet of five specialized survey vessels—Geo Ranger, Geo Focus, Geo Explorer, Geo Motion…
Norway-based seismic firms TGS and PGS have officially completed their merger, creating a ‘premier’ energy data company.After clearing all regulatory hurdles for the merger, the most recent of which was the approval from the UK Competition and Markets Authority…
Spain's Repsol is in talks to merge its UK North Sea oil and gas business with private equity-backed NEO Energy, three industry sources said, the latest consolidation effort by companies that operate in the basin amid greater tax pressures.A…
TotalEnergies has signed an agreement to sell to the Prax Group its entire interest in West of Shetland assets in the United Kingdom, which includes six offshore gas fields, the onshore Shetland Gas Plant and nearby exploration licenses.The six offshore fields sold to Prax Group include Laggan…
Africa Oil has agreed to buy out BTG Pactual Oil & Gas's 50% holding in their Prime Oil & Gas joint venture in a deal that will see it take on BTG as a major shareholder, it said on Monday.Prime has offshore producing assets in Nigeria and accounts for 100% of Africa Oil's reserves and production…
Abu Dhabi Future Energy Company (Masdar) has reached a definitive agreement with GEK TERNA and other shareholders to acquire Greece’s Terna Energy in a $3.44 billion (€3.2 billion) deal, representing one of Europe’s biggest renewable energy transactions in 2024…
Angolan energy company Etu Energias, formerly Somoil, has acquired Galp’s stake in three blocks offshore Angola, operated by TotalEnergies and Chevron.Etu Energias concluded the acquisition of Galp’s working interests in Block 32 (5%), Block 14 (9%) and in Block 14K (4…
Shell has reached an agreement with Carne Investments, an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy, a Singapore-based global liquefied natural gas (LNG) trading business.Pavilion Energy is…
Global consultancy ABL Group has completed the transaction to acquire 100% of the shares of specialist energy consultancy Ross Offshore, which now will merge with ABL Group company AGR.The combination of AGR and Ross Offshore will further strengthen…
Norwegian seismic firms TGS and PGS have received approval from the UK Competition and Markets Authority, securing final regulatory approval for the creation of ‘premier’ energy data company.The approval for the merger from the UK Competition…
Vår Energi has completed the intra-group merger with its wholly-owned subsidiary Vår Energi Norge, formerly Neptune Energy Norge.The merger has been registered with the Norwegian Register of Business Enterprises, and consequently all assets…