Wintershall Dea has entered into a sale and purchase agreement to acquire Edison’s 11.25% participating interest in the Reggane Nord natural gas project. After the transaction is closed, the consortium Groupement Reggane Nord (GRN), operator of the project, will comprise Sonatrach (40%), Wintershall Dea (30.75%) and Repsol (29.25%). Algeria has significant energy potential. The country […]

Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has signed an agreement with Actis Solenergi Limited (Actis) to acquire 100% of Solenergi Power Private Limited for $1.55 billion and with it, the Sprng Energy group of companies. Sprng Energy supplies solar and wind power to electricity distribution companies in India. Its […]

Valeura Energy Inc. said that it has entered into a Sale and Purchase Agreement with KrisEnergy to acquire all of the shares of KrisEnergy International (Thailand) Holdings Ltd.  SPA, which holds an interest in two operated licences offshore Thailand for total initial cash consideration of US$3.1 million, plus certain contingent payments of up to a […]

BUTEC based in UAE, a leading contracting group in the MENA and GCC regions, has recently completed the takeover of 17 Energy Services companies in Africa previously owned by the energy global player, ENGIE Group. The acquisition process was completed on the 31st of March 2022, following the initial agreement signed on the 16th of […]

Noble Corporation and Maersk Drilling have said that the ongoing merger control process for the business combination announced on 10 November 2021 at this point in time, has been unconditionally approved by the competition authorities in Brazil, Norway, and the Republic of Trinidad & Tobago. Noble Corporation and Maersk Drilling merger is coming barely one […]

Further to the announcements of 7 April 2022 and  10 August 2021 United Oil & Gas PLC  has announced that the sale of 100% of the share capital of UOG Italia Srl to PXOG Marshall Limited, a subsidiary of Prospex Energy PLC for a consideration of 2,164,701  has now completed, having received the final approvals from the […]

Equinix, the world’s digital infrastructure company™, today announced it has completed its deal to acquire West African data center and connectivity solutions provider MainOne for an enterprise value of US$320M, marking the beginning of its expansion into the African continent. The completion of this acquisition augments Equinix’s long-term strategy to become a leading African carrier-neutral […]

Waldorf Production has entered into a binding Sale and Purchase Agreement with a wholly owned subsidiary of MOL Hungarian Oil and Gas Plc (MOL) for the acquisition of certain of MOL’s UK subsidiaries comprising their entire UKCS business. The key UKCS assets being acquired include non-operated interests of 20% in the Greater Catcher Area (GCA), […]

Following the announcement on November 30 2021, with respect to the signature of the contracts for FPSO Alexandre de Gusmão, SBM Offshore is pleased to announce that it has entered into a shareholder agreement with its long standing business partners Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK). MC and NYK have acquired a respective 25% and […]

Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, confirms that it has signed a definitive Share Purchase Agreement (“SPA”) to acquire 100% of Azinam Group Limited (“Azinam”) (the “Acquisition”) in return for a 16.5% equity stake in the Company. The Acquisition is expected to complete in […]