Mergers & Acquisitions News

 

Viaro Energy Acquires Shell and ExxonMobil’s UK Southern North Sea Assets

Jul 30, 2024

UK-based oil and gas company Viaro Energy reached an agreement with Shell and ExxonMobil for the acquisition of a full working interest in the Shell-operated UK Southern North Sea assets owned by the two supermajors.Viaro Energy made the deal…

Helmerich & Payne to Buy KCA Deutag for $1.97 Billion

Jul 29, 2024

Oilfield services firm Helmerich & Payne Inc will acquire Britain's KCA Deutag International for $1.97 billion in cash, making the combined company one of the biggest rig providers in the Middle East, the companies said on Thursday.Oilfield…

OEG Acquires Offshore Wind O&M Specialist

Jul 29, 2024

OEG Energy Group has completed the acquisition of Offshore Painting Services (OPS Wind), a provider of specialist operations and maintenance (O&M) and training services to the offshore wind sector.OPS Wind has its head office in Liverpool with a regional office in Llandudno…

Australia's Woodside Buys US LNG Developer Tellurian for $1.2B

Jul 22, 2024

Australian oil and gas company Woodside Energy has entered into definitive agreement to buy U.S. liquefied natural gas (LNG) developer Tellurian, including its owned and operated US Gulf Coast Driftwood LNG development opportunity, for a total of $1…

India’s ONGC Buys Stake in Caspian Sea Oil Assets from Equinor for $60M

Jul 19, 2024

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 Clash with Chevron Hinges on Control of Hess' Guyana Asset

Jul 18, 2024

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…

Elemental Energies Fuels North Sea Expansion with Norway’s Wells Specialist Buy

Jul 05, 2024

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…

N-Sea Acquires Geo Plus

Jul 02, 2024

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’s Seismic Firms TGS and PGS Complete Merger

Jul 02, 2024

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…

Repsol in Talks to Merge UK North Sea Operations with NEO

Jun 28, 2024

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 Sells West of Shetland Assets, Including Six Offshore Gas Fields

Jun 27, 2024

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 to Buy Out BTG's 50% Stake in Nigeria Joint Venture

Jun 24, 2024

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…

Masdar Sings Multi-Billion Dollar Deal to Acquire Greece’s Terna Energy

Jun 20, 2024

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…

Etu Energias Acquires Galp’s Share in Angola’s Offshore Blocks

Jun 18, 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 to Buy Singapore’s Pavilion Energy

Jun 18, 2024

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…

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