Norway M&A | Concedo acquires Bøyla area interest from Vår Energi
On 24 May 2024, Concedo acquired Vår Energi’s 20% interest in the Bøyla field and the Froskelår discovery for US$24 million. The effective date of…
Read MoreUAE M&A | UAE and Azerbaijan deepen ties as SOCAR awarded stake in Umm Lulu and SARB concession
On 31 May 2024, ADNOC announced it had awarded a 3% interest in the Umm Lulu and Satah al Razboot (SARB) offshore concession to the…
Read MoreMozambique M&A | ADNOC makes its SSA debut by acquiring Galp’s stake in Area 4, offshore Mozambique
On 22 May 2024, ADNOC announced that it will acquire Galp’s entire shares and shareholder loans in its Mozambique subsidiary. At deal completion, Galp will…
Read MoreArgentina M&A | GeoPark enters the Vaca Muerta in latest deal
On 13 May 2024, GeoPark announced the acquisition of a non-operated stakes in four contiguous Vaca Muerta blocks from Phoenix Global Resources (PGR) for a…
Read MoreNorway M&A | DNO acquires Vår Energi’s Norne area assets
On 8 May 2024, DNO announced the acquisition of Vår Energi’s Norne area assets comprising the producing Norne (6.9%), Skuld (11.5%), Urd (11.5%) and Marulk…
Read MoreTrinidad & Tobago M&A | Touchstone Exploration acquires Trinity E&P in latest consolidation move among independents
On 1 May 2024, Touchstone Exploration announced the acquisition of Trinity E&P in an all-share transaction that puts a value of US$30.1 million (£24.1 million)…
Read MoreUK M&A | Ithaca Energy and Eni agree North Sea merger
On 23 April 2024, Ithaca Energy announced that the proposed merger with Eni’s North Sea business, as reported as part of its 2023 results on…
Read MoreWelligence Congo-Brazzaville | Trident Energy enters Congo after three-pronged deal-making with Chevron and TotalEnergies
On 24th April 2024, Trident Energy announced separate, but inter-connected, deals with Chevron and TotalEnergies that will see the mature-field specialist enter Congo-Brazzaville. Upon completion,…
Read MoreEurope Q1 2024 M&A Quarterly | Deal making on pause, but for how long?
Just one asset deal was announced in Q1 2024, a step change from the nine in Q4 2023, representing a low level of activity not…
Read MoreNorth America Q1 2024 M&A Quarterly | Independents drive steady deal flow in US GoM
All three deals announced in Q1 2024 were located in the US Gulf of Mexico and involved packages of assets. In each case, the reserves…
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