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Acquisition And Merger

Waldorf Acquires UKCS Greater Catcher Area Asset

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), […]

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SBM Offshore Divests Minority Interest In FPSO Alexandre de Gusmão Project

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 […]

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Atlantic Takes Full Ownership Of Azinam

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 […]

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MainOne, Equinix merger: An African digital evolutionary era is taken a center stage in Nigeria

Equinix, the world’s digital infrastructure company™,  has staged  its expansion into Africa through its intended acquisition of MainOne a leading West African data center and connectivity solutions provider, with presence in Nigeria, Ghana and Côte d’Ivoire. The acquisition is expected to close Q1 of 2022, subject to the satisfaction of customary closing conditions including the requisite regulatory […]

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ConocoPhillips divests $1.355 Billion oil assets in Indonesia

ConocoPhillips has announced two transactions intended to core up the important Asia-Pacific segment of its diverse global portfolio.The company announced it has entered into an agreement to sell the subsidiary that indirectly owns the company’s 54% interest in the Indonesia Corridor Block Production Sharing Contract (PSC) and a 35% shareholding interest in the Transasia Pipeline […]

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Zephyr Announces $36m Acquisition of Non-Operated Production Assets

Zephyr Energy, the Rocky Mountain oil and Gas Company focused on responsible resource development from carbon-neutral operations has entered into a binding agreement to acquire further non-operated working interests in currently producing and near-term production wells in the Williston Basin, North Dakota, USA. The Directors of Zephyr believe that the Assets will be an ideal addition to Zephyr’s existing asset […]

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Zenith Energy Discloses Acquisition of SLK from CNPC, Tunisia

Zenith Energy has announced that Zenith Overseas Assets Holdings Ltd. (ZOA), its fully owned subsidiary, has entered into a share purchase agreement (SPA) for the acquisition of a 100 percent interest in the issued, allotted, outstanding and fully paid-up share capital of Canadian North Africa Oil & Gas Ltd. (CNAOG) (previously named CNPC International (Tunisia) […]

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BHP and Woodside merging to a giant global energy company

BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) have signed a binding share sale agreement (SSA) for the merger of BHP’s oil and gas portfolio with Woodside (Merger). Woodside will acquire the entire share capital of BHP Petroleum International Pty Ltd (BHP Petroleum) in exchange for new Woodside shares.  The signing of the SSA follows the merger commitment […]

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EnQuest Completes the acquisition of the Golden Eagle Area Development

EnQuest PLC has announced that it has completed the acquisition of a 26.69% non-operated equity interest in the Golden Eagle Area Development. As the Acquisition constitutes a reverse takeover under the Listing Rules, the admission of the Company’s ordinary shares  to the premium listing segment of the Official List maintained by the Financial Conduct Authority […]

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Noble, Pacific and Maersk Drilling merger: the new dawn in upstream sector amid energy transition era

Maersk Drilling – a Drilling Company of 1972 A/S has announced that it has entered into a definitive agreement to combine with Noble Corporation in a primarily all-stock transaction. The two merged drilling giant will now addressed as Noble Corporation, and its shares will be listed on the New York Stock Exchange and Nasdaq Copenhagen. […]

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