Acquisition And Merger

Savannah Energy Signs SPAs, Acquire a 49% Participating Interest in Stubb Creek Field, Nigeria

Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, announces that it has signed separate Share Purchase Agreements (SPAs) with Sinopec International Petroleum Exploration and Production Corporation (SIPC) and Jagal Ventures Limited (Jagal) to acquire 100% of the outstanding share capital of Sinopec International Petroleum Exploration and Production Company […]

Oilfield Africa - Tuesday March 19, 2024
ADNOC Seals Acquisition of 24.9% Stake in OMV

ADNOC has announced that it has formally closed the acquisition of a 24.9% shareholding in OMV AG (OMV), a global energy and chemicals group, headquartered and listed in Vienna, Austria, from Mubadala Investment Company (Mubadala). The transaction accelerates delivery of ADNOC’s global chemicals growth strategy, and reinforces its status as a responsible, long-term partner and […]

Oilfield Africa - Saturday March 2, 2024
Woodside to Divest 15.1% Scarborough Interest to Jera

 Woodside has broadened its strategic relationship with JERA through a transaction that involves three core elements: equity in the Scarborough Joint Venture; LNG offtake; and collaboration on opportunities in new energy and lower carbon services.  Woodside has executed a binding sale and purchase agreement with JERA for the sale of a 15.1% non-operating participating interest […]

Oilfield Africa - Friday February 23, 2024
Eni Acquires Neptune Energy Assets In Africa, Others

Eni has completed the acquisition of Neptune Energy Group Limited which comprises Neptune’s entire portfolio other than its operations in Norway (purchased at the same time by Vår Energi, listed on the Oslo Stock Exchange and 63% owned by Eni) and Germany (carved out of the transaction). On 31 January 2024, Neptune Energy announced completion of […]

Oilfield Africa - Sunday February 4, 2024

APA Corporation and Callon Petroleum have entered into a definitive agreement under which APA will acquire Callon in an all-stock transaction valued at approximately $4.5 billion, inclusive of Callon’s net debt. Under the terms of the transaction, each share of Callon common stock will be exchanged for a fixed ratio of 1.0425 shares of APA […]

Oilfield Africa - Friday January 5, 2024
Harbour Acquires Entire Wintershall DEA Upstream Asset Portfolio

Harbour Energy has reached an agreement with BASF and LetterOne, the shareholders of Wintershall Dea, for the acquisition of substantially all of Wintershall Dea’s upstream assets for $11.2 billion. The Target Portfolio includes all of Wintershall Dea’s upstream assets in Norway, Germany, Denmark, Argentina, Mexico, Egypt, Libya and Algeria as well as Wintershall Dea’s CO2 Capture […]

Oilfield Africa - Friday December 22, 2023
Lime Petroleum Acquires Interest In Brasse Field, Norway

Lime Petroleum said it has entered into sale and purchase agreements with DNO Norge and OKEA, to acquire 10.7212 per cent and 6.2788 per cent interests respectively in PL740 in the Norwegian North Sea, in which the Brasse Field is expected to start commercial production in 2027. The Operator, OKEA, reports recoverable resources in Brasse […]

Oilfield Africa - Tuesday November 7, 2023
ConocoPhillips Seals Acquisition Interest In Surmont

ConocoPhillips has completed the purchase of the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $2.7 billion cash (CAD$3.7 billion) after closing adjustments, as well as future contingent payments of up to approximately $0.3 billion (CAD$0.4 billion). ConocoPhillips now owns 100% of Surmont and will continue as operator. “Long-life, low sustaining […]

Oilfield Africa - Thursday October 5, 2023
TGS And PGS Merge To A Premier Energy Data Company

TGS ASA  and PGS ASA  has disclosed that they have agreed the principal terms of a combination of TGS and PGS to create a strong full-service energy data company. The transaction is expected to be completed as a statutory merger pursuant to Norwegian corporate law, with merger consideration to PGS shareholders in the form of […]

Oilfield Africa - Monday September 18, 2023
A.P. Moller Holding To Acquire Maersk Supply Service

A.P. Moller – Maersk (Maersk) has reached an agreement with A.P. Moller Holding, the parent company of the A.P. Moller Group, for an intended divestment of Maersk Supply Service (MSS), a leading provider of global offshore marine services and project solutions for the energy sector. “We are very pleased to see Maersk Supply Service will […]

Oilfield Africa - Tuesday August 29, 2023

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