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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Northern Oil and Gas, Inc. ( NOG)  has closed its previously announced acquisition of Northern Delaware Basin assets from Novo Oil & Gas Holdings, LLC, an EnCap portfolio company (Novo), on August 15, 2023. NOG jointly acquired the assets with Earthstone Energy, Inc. (Earthstone), which will become the operator of substantially all the assets. In […]

The Management of the Nigerian Maritime Administration and Safety Agency, NIMASA, has handed over the leased site at the Continental Shipyard Limited (CSL) of the Nigerian Ports Authority to the technical partners, Melsmore. The technical partners are to liaise with the Management of the Nigerian Ports Authority in finalising site management, which include risk assessment […]

  Chevron Corporation a world leading integrated energy companies has announced that it has finalized the acquisition of PDC Energy, Inc. this following the approval by PDC Energy shareholders on the acquisition deal.  “We’re pleased to welcome PDC Energy into Chevron,” said Bruce Niemeyer, Chevron’s president for Americas Exploration & Production. “Our companies have similar […]

A proposed mega joint venture between SLB, Subsea7 and Aker Solutions cleared regulatory review and is moving toward a Q4 2023 closing has been secured. The joint venture is planned as a milestone in subsea production economics by helping customers unlock reserves, reduce time to first oil, lower development costs and achieve decarbonization goals. The […]