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Acquisition And Merger

AqualisBraemar and LOC Group completes company integration process

Following the completion of AqualisBraemar’s acquisition of LOC Group in December 2020, the two groups have successfully finalised their integration process ahead of the original schedule, operating as AqualisBraemar LOC group with immediate effect.  The two companies have thereby created a leading global independent offshore energy and marine consultancy. In total, AqualisBraemar LOC has over […]

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Puma Energy, Trafigura and Sonangol in milestone Recapitalization and Acquisition signing agreement

Puma Energy Holdings Pte. Ltd, Trafigura PTE Ltd and Sonangol EP have announced the milestone signing of a series of agreed transactions. First, Trafigura has agreed to purchase from Sonangol its entire shareholding in Puma Energy for the sum of US$600m. Second, Puma Energy has agreed the sale of its Angolan business and assets to […]

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ReconAfrica Enters Into Letter of Intent to Acquire Renaissance Oil

Reconnaissance Energy Africa Ltd. and Renaissance Oil Corp. has announced that they have entered into a letter of intent (the “LOI”) setting forth the material terms and conditions upon which ReconAfrica will acquire all of the issued and outstanding common shares (the “Renaissance Shares”) and convertible securities of Renaissance (the “Transaction”). The Transaction is expected […]

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Noble Completes Combination With Pacific Drilling

Noble Corporation has announced the completion of its acquisition of Pacific Drilling Company LLC, effective on April 15, 2021. Pacific Drilling’s high specification ultra-deepwater drillship fleet further enhances Noble’s global position as an owner and operator of one of the most modern and technically advanced fleets in the offshore drilling industry.    Robert Eifler, President and […]

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Northern Oil and Gas Announces Closing of Reliance Marcellus Acquisition

Northern Oil and Gas has announced that it closed on its previously announced acquisition of properties owned by Reliance Marcellus, LLC on April 1, 2021. HIGHLIGHTS Extends Northern’s non-operated model to Appalachia – the leading US natural gas basin – and creates a national non-operated franchise, diversified by region and commodity mix Northern paid closing […]

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Tailwind Energy Ltd to acquire Decipher Energy Limited

Tailwind Energy has announced the acquisition of Decipher Energy Limited. This acquisition will allow Tailwind to continue to deploy its strategy of exploiting organic production and near-term reserves growth opportunities whilst building out the Tailwind portfolio. The transaction is subject to statutory regulatory and government approvals. Tailwind is a privately owned, next generation oil and […]

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Romgaz acquires 100% shares of ExxonMobil Exploration and Production Black sea Assets

Taking into account the letter sent by ExxonMobil Upstream Business Development, on February 15, 2021, providing that, the deadline for buyers to submit the binding offer is March 31, 2021, S.N.G.N. Romgaz S.A. Board of Directors endorsed on March 30, 2021 the binding offer to acquire all shares (representing 100% of the share capital) issued […]

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Noble-Pacific Drilling Merger, the emergent of Drilling Giant in repositioning the upstream sector

Noble Corporation   and Pacific Drilling Company LLC  have  announced that they have entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction. The definitive merger agreement was unanimously approved by each company’s Board of Directors. The transaction has also been approved by a majority of Pacific Drilling’s equity […]

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