Shell has completed the sale of its 50% non-operated interest in the Na Kika platform and associated fields in the Gulf of America, along with its wholly-owned Coulomb tieback, receiving about $840 million in cash at closing.The assets were acquired by a subsidiary of Talos Energy and an affiliate of Ridgewood Energy, Shell said.Total consideration announced when the transaction was signed was $1.7 billion before customary adjustments and certain contingent payments…
Bounty Oil & Gas has agreed to acquire PetroQuest Liberia Deep Water, giving it a pathway to an interest in deepwater Block LB-32 offshore Liberia, while raising about $2.5 million (A$3.55 million) to advance the acquisition and exploration work…
Osaka Gas has agreed to acquire a 5% interest in the Browse gas project offshore Western Australia from BP Developments Australia, adding an expected 550,000 tonnes per year of LNG to its procurement portfolio.The Japanese company entered into a sale and purchase agreement through Osaka Gas Browse…
The European Commission will likely comment within the next 24 hours on a reopening of its antitrust probe of the merger between Norway's Subsea 7 and Italy's Saipem, Subsea 7 CEO Stuart Fitzgerald said on Wednesday.The probe had been halted…
SED Energy Holdings and Ventura Offshore have signed a letter of intent for an all-share combination that would create an energy services group with about $1.3 billion in contracted revenue backlog and an implied pro forma equity value of approximately $1 billion…
Gas producer Energean is in exclusive talks to buy some of BP's upstream oil and gas assets in Egypt, two people involved in the process told Reuters.The deal, which could raise about $1 billion for BP, includes its stakes in the producing offshore West Nile Delta assets…
Polish energy group Orlen aims to double production from its operations on the Norwegian continental shelf, one of its growth areas, through exploration and acquisitions, its upstream chief told Reuters.Wieslaw Prugar in an interview on the…
Ratio Petroleum has increased its recommended all-cash offer for Pharos Energy after a competing bid from Serica Energy, with the revised proposal valuing the London-listed oil and gas company at approximately $197 million (£146.4 million).The revised proposal represents a premium of about 29…
BP has agreed to acquire Woodside Energy's 70% interest in Block TTDAA 14, which contains the Calypso gas project offshore Trinidad and Tobago, increasing its stake to 100% and assuming operatorship.The transaction is expected to close by the end of 2026…
Saipem and Subsea7 have cleared a key U.S. regulatory hurdle for their planned merger after the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 expired, allowing the transaction to close in the United States once all remaining conditions are met…
Shell has agreed to sell its wholly owned subsidiary BG Cyprus to MOL Group for up to $720 million, giving the Hungarian energy company a 35% stake in Cyprus' Aphrodite offshore gas field.The transaction, which is subject to customary adjustments…
BC Ventures, a 50/50 joint venture between Borr Drilling and its long-term well construction partner in Mexico, has completed the previously announced acquisition of five premium jack-up drilling rigs from Fontis Finance for $287 million, expanding…
Serica Energy has agreed to acquire Pharos Energy in a cash deal valuing the London-listed oil and gas producer at approximately $194.5 million (£145.7 million), prompting Pharos to withdraw its recommendation for a rival takeover offer from Ratio Petroleum…
U.S.-based oilfield services company Expro has completed its acquisition of Norwegian managed pressure drilling (MPD) specialist Enhanced Drilling for approximately $208 million (NOK 2 billion), expanding its portfolio with drilling technologies…
Vår Energi and BlueNord have agreed to combine their businesses in a cash-and-shares transaction that will expand Vår Energi into Denmark and create what the companies said would be Europe's largest independent oil and gas producer.The transaction…
Subscribe
