M&A in the spotlight: Which of the top quality oil and gas independents is next?
“Now we have the first large-scale deal between international independents (Harbour and Wintershall). With talks ongoing between Santos and Woodside,this could be the first of…
Read MoreNorway M&A | Equinor acquires Shell’s interest in HPHT Linnorm development
On 14 December 2023, Equinor acquired Shell’s 30% interest and operatorship of the High Pressure, High Temperature (HPHT) Linnorm gas discovery, the largest undeveloped gas…
Read MoreMorocco M&A | Energean enters Morocco and farms into Chariot’s Anchois gas development
On 7th December 2023, Energean agreed with Chariot to acquire 45% and 37.5% operating stakes in the Lixus and Rissana Offshore licences respectively. The Lixus…
Read MoreNigeria M&A | Equinor exits Nigeria, selling entire business to Chappal Energies
On 29 November 2023, Equinor announced the sale of its Nigeria business to Chappal Energies, for an undisclosed consideration. Equinor has a 53.85% interest in…
Read MoreNorway M&A | PGNiG acquires KUFPEC’s Norway assets
On 20 November 2023, PGNiG acquired KUFPEC’s Norway portfolio for US$445 million. The sales process had been ongoing for an extended period with KUFPEC receiving…
Read MoreUS GoM M&A | Karoon Energy acquires Who Dat and Dome Patrol from LLOG Exploration for US$720 million
On 16th November 2023, Karoon Energy announced it is to acquire 30% stakes in the producing Who Dat (which includes Abilene) and Dome Patrol fields…
Read MoreNorway M&A | Lime Petroleum acquires Brasse stake
On 7 November, Lime Petroleum acquired a 17% interest in the Brasse discovery from DNO (10.7212%) and OKEA (6.2788%). OKEA is expected to submit a…
Read MoreGlobal M&A | Big is back! Chevron to acquire Hess for US$60 billion
Chevron’s proposed US$60 billion acquisition of Hess is the second giant deal in North America in the space of two weeks, following ExxonMobil’s planned US$65…
Read MoreSub-Saharan Africa Q3 2023 M&A Quarterly | Deal flow remains strong with plenty on the menu heading into 2024
Four deals were announced in Q3, two in Angola and one each in Nigeria and Gabon. Activity was driven by African-focused independents and brownfield specialists…
Read MoreAmericas Q3 2023 M&A Quarterly | Deal flow remains sluggish, but opportunity pipeline is strong
The Americas saw continued slow deal flow, with six transactions primarily driven by asset acquisitions in US GoM. There was just one transaction in Latin…
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