Professional M&A intelligence for the energy transition
Harbour Energy completed the acquisition of LLOG Exploration Co. for $3.2 billion, marking the company's strategic entry into the U.S. Gulf of Mexico offshore oil and gas market. The transaction comprised $2.7 billion in cash and $0.5 billion in Harbour shares, strengthening Harbour's global upstream portfolio and establishing a new core business unit alongside its […]
Repsol and HitecVision's joint venture NEO NEXT Energy agreed to merge with TotalEnergies' U.K. upstream oil and gas business, forming a new company called NEO NEXT+. After completion, TotalEnergies will hold 47.5%, HitecVision 28.875%, and Repsol 23.625% of the combined entity, which is expected to become the largest independent oil and gas producer in the […]
ConocoPhillips agreed to sell its interests in the Ursa and Europa fields and its stake in Ursa Oil Pipeline to subsidiaries of Shell for $735 million, as part of its strategy to divest non-core assets. The deal includes a 15.96% interest in the Ursa field, a 1% interest in the Europa field, and an overriding […]
Brookfield Renewable Partners agreed to acquire a 12.45% minority stake in four operational U.K. offshore wind farms from Ørsted in a transaction valued at about $2.3 billion, covering assets with a combined capacity of roughly 3.5 GW. Ørsted will retain a 37.55% stake and continue operating the wind farms, which include Hornsea 1, Hornsea 2, […]
BP agreed to sell non-controlling interests in Permian and Eagle Ford midstream assets - U.S. onshore midstream assets - to funds managed by Sixth Street for $1.5 billion. The deal has a total consideration of $1.5 billion and is structured in two phases: about $1 billion paid upon signing with the balance expected by the […]
Energy Capital Partners (ECP) and Centrica plc acquired the Grain LNG terminal from National Grid for approximately £1.5 billion (or around $2.01 billion) Grain LNG is Europe's largest LNG regasification terminal and is located at Isle of Grain, to the east of London. The terminal has annual regasification capacity of 21.7 bcm and tank storage capacity […]
Shell plc has completed the sale of its Singapore Energy and Chemicals Park to CAPGC Pte. Ltd., a joint venture between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings Pte. Ltd. The transaction was executed through the sale of shares in Aster Chemicals and Energy Pte. Ltd., a subsidiary of Shell Singapore, transferring ownership […]
Shell completed the sale of Shell Petroleum Development Company of Nigeria Ltd. (SPDC) to Renaissance. Renaissance now controls SPDC's 30% stake in the SPDC JV, an unincorporated joint venture with the government-owned Nigerian National Petroleum Corporation (55%), Total Exploration and Production Nigeria Ltd (10%) and Agip Energy and Natural Resources (Nigeria) Limited (5%). SPDC, which […]
Serica Energy Plc (AIM: SQZ) has completed the acquisition of Prax Upstream Limited (PUL) from Prax Exploration & Production. The deal involved a payment of £14.5 million ($18.9 million), with Serica also assuming $34 million in cash held by PUL. The acquisition adds the Lancaster field, currently producing about 5,900 barrels of oil equivalent per […]