Welligence MENA Q2 2024 M&A Report | MENA deal activity increased – second highest transaction count since Q1 2020
Six deals were struck in the MENA region in Q2 2024, which makes it the tied-second busiest quarter for activity since Q1 2020. ACCESS…
Read MoreBrazil M&A | 3R/Enauta/Maha merger creates a leading Latin American independent
On 26 June 2024, the shareholders of 3R Petroleum and Enauta approved the merger of the two companies. Simultaneously, approval was also given for the…
Read MoreUK M&A | Prax acquires TotalEnergies’ West of Shetlands assets
On 27 June 2024, TotalEnergies announced the sale of its West of Shetlands assets to Prax Group for an undisclosed consideration. The deal includes 40%…
Read MoreEast Med M&A | Carlyle acquires East Med assets from Energean for US$820 million plus contingent payments
On 20 June 2024, Carlyle International Energy Partners (CIEP) acquired a portfolio of assets from Energean in the East Mediterranean for a guaranteed US$820 million…
Read MoreEni to sell upstream assets to experienced US operator
“Both assets are in close proximity and there are joint projects such as the Partial Gas Processing (PGP) project, which involves installing a gas processing…
Read MoreNorway M&A | PGNiG sources more gas with Atlantis acquisition
On 24 June, PGNiG announced the acquisition of Source Energy’s 20% interest in the Atlantis discovery for an undisclosed consideration. The licence also contains the…
Read MoreMorocco M&A | Managem acquires stake in Sound Energy’s Moroccan gas portfolio
On 17 June 2024, Sound Energy announced it had entered into a binding SPA for the partial divestment of its Moroccan portfolio to the Moroccan…
Read MoreBrunei M&A | Hibiscus Petroleum acquires TotalEnergies Brunei
On 14 June 2024, Hibiscus Petroleum announced that it had entered into a conditional Share Purchase Agreement to acquire all of TotalEnergies’s Brunei portfolio for…
Read MoreUAE M&A | PTTEP strengthens UAE portfolio with Ghasha ultra-sour gas acquisition
On 11 June 2024, PTTEP announced that it had acquired a 10% stake in the Ghasha offshore ultra-sour development in Abu Dhabi from Wintershall Dea.…
Read MoreNorway M&A | PGNiG and Equinor harmonise Gina Krog area interests
On 4 June, PGNiG acquired a 19.5% interest in the Eirin development from Equinor for an undisclosed consideration. The deal harmonises interests in the Gina…
Read More